China has restarted its nuclear programme after a one and a half year hiatus following the Fukushima nuclear disaster. Beijing, however, will approve only “a small number” of new nuclear plants that will be built in coastal regions.
China is ready to approve new nuclear power plants as part of ambitious plans to reduce reliance on oil and coal, ending a 20-month ban on approvals of new plants following Japan’s nuclear crisis.
It is possible to save the world from the comforts of your home. For starters, if every household in the United States replaced one incandescent bulb with a compact fluorescent bulb, we would have enough energy to light 3 million homes for a year.
At the same time, that would generate approximately $600 million in energy cost-savings each year, while reducing greenhouse gas emissions by 9 billion lbs.
Fracking, or hydraulic fracturing, is, in essence, the extraction of natural shale gas that is trapped thousands of feet underground. How do we extract it and what does it look like? Is the process safe, and do the bold and controversial claims over fracking hold any weight?
Natural gas has the potential to bridge the gap between the current oil dominated energy mix and sustainable renewables. It’s cheap, abundant, and the cleanest fossil fuel in the world. But shale gas is trapped thousands of feet underground. How do we extract it and what does the process look like?
What is the global energy situation today? Is our energy future one of falling prices and plentiful supply or should we prepare for declining supply and sky-high prices? To give readers a real understanding of where we are, Oilprice.com was fortunate enough to speak with the world’s leading energy economist, Professor James Hamilton.
Higher oil prices may be a drag on oil importing economies, but exceedingly low oil prices can also be a signal of recession. If oil prices and the rate of oil supply growth keeps ratcheting downward, another global depression could occur, one that may be even more severe to 2008-2009.
Are lower oil prices good news? Not really, if it means the world is sinking into recession.
America is in the midst of a natural gas boom and about 200,000 gas wells have been drilled in the last decade. In fact, the Marcellus shale formation alone created 123,000 new jobs and contributed nearly $10 billion in value to the Pennsylvanian economy in 2011.
The fallout from the Fukushima nuclear disaster in 2011 has forced a global rethink over the future of nuclear energy. Today, some countries have outright rejected any further use of nuclear power, while others continue to pursue the energy source for economic reasons. How has the events at Fukushima affected the development of the nuclear power industry, and what is the global outlook for industry?
As global energy supplies come under increasing attack by non-state actors and private energy holdings become key targets of political maneuverings and criminal activities, Oilprice.com discusses the nature of the growing threat and how to reverse the risk with “smart power.”
To help us look at these issues we got together with corporate intelligence specialists Jellyfish Operations and security expert Jennifer Giroux.
The proposed Keystone XL pipeline has been the subject of debate among the major players in the North American Energy Industry. While the oil sands in Canada are believed to hold nearly 2 trillion barrels of oil (with 99 percent of the exports expected to end up in the American Midwest), concerns have grown over the construction of the pipeline, which may expose the U.S. to environmental and ecological risks.
China is slowing gaining a foothold into the US and Canada oil and natural gas industry, said a report by the Wall Street Journal on Tuesday, as Chinese companies continue to scoop up minority stakes and joint ventures with North American oil companies.
