According to energy consultancy firm Wood Mackenzie (Woodmac) Coal will outdo oil as the key fuel for the global economy by 2020. In spite of government efforts to abate carbon emissions, increasing demand in China and India will push coal past oil, as the two countries will need the comparatively cheaper fuel to power their economies, while coal requirement in the United States, Europe and the rest of Asia will remain stable.
Retail solar service provider SolarCity Corp and Tesla Motors Inc are partnering for the new product, with Tesla manufacturing the batteries for the project. SolarCity intends to bundle energy storage with solar and offer the set to homes and businesses while still beating the energy rates offered by utility companies and also create a source of backup power.
Business and economy, gas. All know that the latest exceedingly influences the first one, so it comes as no surprise at all that everybody look at the rise of gas with that bitter taste in mouth. Due to latest news aren’t exactly the best ones. Just less than two weeks ago you were reading about Turning point for U.S. oil production, U.S. oil production finally exceeded oil consumption, everybody hardly waited for this to happen, but then this week we get Gas rise.
Can you think of all of the changes along your business or career since 1995? For sure many things have changed; it’s a long time period when it comes to business. This is the exactly same period that took U.S. oil production to accomplish same level of affectivity as it had in 1995. Everybody calls it milestone; turning point, surely it is if we look just few years back, but it’s more like achieving something U.S. oil production already had.
Eight States pledge for Zero-Emission Vehicles. Governors of eight states announced a groundbreaking initiative to put 3.3 million zero-emission vehicles (ZEV) on the roads by 2025. These eight states representing nearly a quarter of U.S. auto sales signed a pact to boost the number of electric- and hydrogen-fueled cars, trucks and buses. These states have the main mission to help make the highways friendlier for zero-emission vehicles. And California is helping lead the charge.
It goes without saying that the oil industry has brought in gainful revenue for companies engaging in shale oil production. Though it is a tough venture, drilling for shale resources has made the United States a record producer in such a small window of time, will soon exceed Saudi Arabia in terms of liquids production. Companies like EOG Resources (NYSE: EOG) have been leading the charge of the national production boom by concentrating on shale areas in Texas.
Retail Giants are now determined to embrace the environment. Levi’s has come out with designer jeans manufactured out of used plastic bottles. Nike has unveiled knitted sneakers that reduce manufacturing waste by 88 percent. A new research shows an increasing pool of global consumers, who are demanding that mainstream brands become sustainable. Green shoppers want green producers.
The Environmental Protection Agency urged to limit greenhouse-gas emissions from new power plants, the biggest source of carbon dioxide that linked to climate change. The EPA plans to unveil its proposal to cap the amount of heat-trapping greenhouse gas emissions from new power plants.
Solar Farm is the hottest trend in manufacturing these days. Many companies now have them. Setting up solar farm next to a factory means that the power doesn’t have far to go. Since power lines aren’t perfect conductors, having a power source hundreds of miles away means a lot of energy is lost during transmission. Of late Solar Farms are quickly becoming routine projects.
A fully Solar powered airplane landed in Washington on Sunday after a flight from St. Louis heading towards the end of its journey across the United States in an attempt to promote clean energy technologies. With the completion of this journey, this aircraft will be one of its kind to complete a day and night journey across the US. One of its kind being the first solar-powered aircraft.
A new guidance is indeed a revolutionary move of the UK government as the authorities aim to bolster onshore wind energy projects. But the new guidance, which will give local communities of England a voice and power to block these onshore initiatives, might lead to the end of onshore wind farm era. Even though the government will try to sweeten the possibility of a window with view of wind turbines with money, residents might be not in favor of wind farms as these facilities often roil outstanding landscapes and disrupt peaceful lives.
It seems that the UK might have a golden goose as IGas Energy Plc informed that it had much more shale gas than initially estimated. This revelation might mean an approaching revolution which in turn will significantly decrease the UK reliance on foreign gas. Thus the country should take advantage of its colossal shale gas reserves.
New tax breaks have brought a wave of investment as BP Plc decided to add two new drill rigs to the North Slope. The project, which is to be wrapped up by 2016, is an essential element of a $1 billion investment plan the British oil giant wants to introduce over the next five years.
After waiting for an attractive potential haul, Warren Buffet must be satisfied with the latest acquisition agreement which was announced on the 29th of May. Warren Buffett’s MidAmerican Energy Holdings Co. is to spend whooping $5.6 billion in cash for NV Energy which is the Nevada’s company, aiming to strengthen its position in the state. Analysts are convinced that this deal might be a start of a string of acquisitions in the sector.
Chevron Corp., the US’s second largest oil company, stays rather optimistic on its LNG projects located in Australia as the Gorgon LNG development is in 60 percent finished. The two projects, Gorgon and Wheatstone, poured as much as $30 billion to the local economy, not to mention that they added thousands of job positions. While the projects are smoothly progressing, the oil giant informed that it was negotiating some contracts as it aimed to sell more LNG from the Gorgon project.
On the 23rd of May the Scottish government has given the go ahead to Edinburgh-based company Aquamarine Power to set up power generation plant in the form of “Wave Parks” which will generate electricity harnessing the inexhaustible tidal energy off the cost of the Western Isles.
Ever since the boom in natural gas, US energy prices have revised substantially, but have also sparked fears of great environmental harm. Currently, the technique used to unlock huge reserves of natural gas is called FRACKING and is widely criticized by environmentalists.
It may not come as a surprise that green initiatives are being launched. This is an ultimate sign of growing understanding and developing the sense of responsibility for the future of humankind and the Earth as in fact good planets are hard to find.
We are standing at this point when we just have to either find or develop the fuel of the future. The fact is that mounting concerns over climate changes push us to look for alternative fuels or just fuels of the future. The need is even bigger when we take into account the fact that all reserves of known fossil fuels are slowly running out…