There are various reports about Putin having decades long anger at Russia losing the Cold War to the West. Putin felt humiliated that Russia was treated as second rate by the West after the USSR fell. Big tough Putin and Russia with nuclear weapons demanded respect and is forcing respect by taking maybe half of …
Subsidies – Biggest subsidies are for not charging oil, gas, and coal for air pollution and environmental damage. Next biggest bucket is various forms of tax incentives. Then direct spending and research. A lot of the recent nuclear research is for nuclear fusion and not for improving fission. The ITER fusion funding is a waste. …
I was debating Ned Ford about solar, wind and nuclear energy at Quora. My energy answer on Quora was about how nuclear power was still being more economical than solar and wind. Ned is a volunteer conservation chair at a Sierra Club chapter. Ned believes many popular myths about solar, wind and nuclear. Solar and …
By 2025, Texas oil production will double and US and gas production will increase by around 50%. Enterprise Partners forecasts that Texas will surpass 10 million barrels per day of crude oil production by 2025 from the Permian and Eagle Ford Basins. This is up from 5 million barrels per day today.
World Energy consumption increased 2.3% in 2018 with 70% of the increase coming from China, the USA and India. The growth was double the average increase from 2010-2017. Global Electricity demand increased by 4% to 23000 Terawatt hours. Global energy-related CO2 emissions grew 1.7% in 2018 to reach a historic high of 33.1 billion tons …
The Texas Independent Producers & Royalty Owners Association (TIPRO) reported oil production in Texas totaled a record 1.54 billion barrels (bbl) in 2018 which surpassed a previous record of 1.28 billion bbl set in 1973. If Texas were a country it would be the fourth largest oil producer after the USA, Saudi Arabia and Russia. …
Going to nuclear power and uranium would be many times faster than replacing fossil fuels with renewables. There is a constant stream of death and sickness from fossil fuels. Japan and Germany went to more coal. Renewables can be better but are far from perfect. Nuclear can be a net gain for the environment and …
The US Geological Survey has performed an updated survey of the primary oil basin in Texas and doubled their estimate of technically recoverable oil and gas from 2016. Fracking Technology Keeps Improving They did not change how much oil they thought was in the formation. The oil in has been known for decades. We knew …
China’s shale gas production will likely reach 17 billion cubic meters (bcm) in 2020, nearly double the 2017 level, as local oil companies make big progress with drilling technology and cost-cutting, consultancy Wood Mackenzie said in a note on Tuesday. Nearly 700 new wells will come onstream between 2018 and 2020 at three key projects …
The International Energy Association has its energy projection out to 2040. They project strong growth and transition to electric cars and renewables but they do not forecast an acceleration of technology. This is part of their methodology to update to what is happening now and then extrapolating. They now admit the rise of electric cars …
Fitch estimated that China’s GDP growth would slow to 6.4 percent in 2017 and 5.7 percent in 2018. But Fitch added that while continued fund outflows from the mainland were likely to continue to pressure the currency and foreign reserves, that wasn’t likely to be “systemically threatening.” Earlier this month, China reported that its foreign …