The energy business is one that is extremely capital intensive. Conventional energy companies have capital budgets that are in the tens of billions of dollars. Globally, the International Energy Agency has estimated that total capital investment in […]
The Top Energy Stories Of 2020
Some years there is an energy story so big that there’s no question it belongs at the top of the list. The Deepwater Horizon oil spill in 2010. The Fukushima Daiichi nuclear disaster in 2011. […]
Grading My 2020 Energy Predictions
At the beginning of each year, I make several predictions about the energy sector. You can see those predictions and read the context at Energy Sector Predictions For 2020. There is still a little over a […]
The World’s Top Lithium Producers
Last week I read a press release that piqued my interest. Vancouver-based Lithium Americas Corp. announced that they had received an environmental impact statement (EIS) from the U.S. government for a proposed lithium mining project […]
How OPEC Sees The Oil Market In 2021
Earlier this month the Organization of the Petroleum Exporting Countries (OPEC), in conjunction with some Russia-led oil producers, agreed to increase oil output by 500,000 barrels per day (BPD) in January. The oil markets rallied, […]
The Oil Industry Is Climbing Out Of A Hole
Since early November the oil industry — which some had declared dead after the crushing losses earlier in the year — has gone on an impressive rally. ExxonMobil shares are up 27% in one month. […]
Pandemic Causes Record Decline In U.S. Carbon Emissions
Last week BloombergNEF (BNEF) published a new report that quantifies the impact of the Covid-19 pandemic on U.S. carbon dioxide emissions. The report estimates that 2020 emissions will be 9.2% lower than in 2019, reaching […]
At $16 Billion, Australian Solar Project Would Be Biggest In The World
The world’s most ambitious renewable energy project to date is the proposed Australia–ASEAN Power Link. This project would combine the world’s largest solar farm, the largest battery, and longest undersea electricity cable. The 10 gigawatt […]
What A Joe Biden Presidency Means For The Oil Industry
There has been a lot of hand-wringing in the oil industry about the consequences of a Joe Biden win, so let’s discuss those today. Here is some context I like to use to frame the […]
New Energy Outlook Projects Massive Energy Sector Shift Through 2050
BloombergNEF (BNEF) published its New Energy Outlook 2020 (NEO) last week. The NEO projects the evolution of the global energy system over the next 30 years. It is widely utilized by planners, strategic thinkers, and […]