Wednesday, May 23, 2007
World Energy Use Projected to Grow 57 Percent between 2004 and 2030
Press Release
Press Contact: Barbara Drazga, Energy Business Reports
Tel: 800-304-0345
www.energybusinessreports.com
Phoenix, AZ –May 21, 2007 – World marketed energy consumption is projected to grow by 57 percent between 2004 and 2030, according to the reference case projection from the International Energy Outlook 2007 (IEO2007) released today by the Energy Information Administration (EIA). The IEO2007 shows the most rapid growth in energy demand for nations outside the Organization for Economic Cooperation and Development (OECD) especially in non-OECD Asia, where strong projected economic growth drives the increase in energy use.
Global energy demand grows despite the relatively high world oil and natural gas prices in the reference case. However, rising oil prices dampen growth in demand for petroleum and other liquids fuels after 2015 and, as a result, reducing their share of overall energy use from 38 percent in 2004 to a projected 34 percent in 2030. In contrast, the energy shares of natural gas, coal, and renewable energy sources are expected to grow over this period. Liquids consumption is still expected to grow strongly, however, reaching 118 million barrels per day in 2030. The United States, China, and India together account for nearly half of the projected growth in world liquids use.
To meet the increment in world liquids demand in the IEO2007 reference case, supply in 2030 is projected to be 35 million barrels oil equivalent per day higher than the 2004 level of 83 million barrels per day. Conventional resources account for about 27 million barrels per day of this increase, with a projected 21 million barrels per day increase in production by members of the Organization of Petroleum Exporting Countries (OPEC) and a 6 million barrels per day increase in non-OPEC countries. Production from unconventional resources (including biofuels, coal-to-liquids, and gas-to-liquids) increases by nearly 8 million barrels per day and accounts for 9 percent of total world liquids supply in 2030.
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Via: Bioconversion Blog
Monday, May 14, 2007
With green energy, big is better
May 12 2007
Wind, solar and other renewable-energy technologies, once considered more appropriate for single homes or small communities in the US, are reaching levels of scale and centralising that were formerly the province of coal- and gas-fired plants and nuclear reactors.
When it comes to alternative ways of generating power in the US, big may be better.
The companies that are building or dreaming up large projects argue that there are economies of scale to be gained, says this interesting report.
Read more from this report @ Business Times, Malaysia
Labels: renewable, scale, trends, usa
Recent Advances Demonstrate Why Nuclear Will Win
Recently, engineers have announced some relatively simple changes that will increase the safety and efficiency of nuclear plants.
For example, a group at MIT have found that by making Uranium fuel pellets hollow, like tubes it's possible to increase the fuel efficiency by 50%, says this post @ iNuclear.
One minor change, and we get a 50% pop. That's an incredible increase, compared to what is possible in other alt energy sources. This is an perfect example of why nuclear power is the long-term winner of the energy race, argues this post
Labels: comparisons, nuclear, trends
Energy, the Next Boom Industry
The changes in the energy industry will create huge opportunities for new technology, says the author of this post @ Alt Energy Technology.
The energy business is about to change in a big way, and its growth could dwarf the changes in the Internet and telecom businesses. Similar to what happened to the IT & Telecom businesses starting a decade ago, we can start to see the changes happening in the energy industry now. The incumbent oil companies and other energy companies like the way it is, the oil companies and will react the same way and protect their core businesses at all costs, as did the big telecom companies. By the time the large telecom companies started reacting to the changes seriously, it was too late. The same could happen to the large energy companies, feels the author.
Alternative energy has the potential of making the Internet/Telecom boom look like pocket change. Energy is a trillion dollar market and growing and any company that gets a piece of that action will do extremely well.
Read the full post from here @ Alt Energy Technology blog
Labels: analysis, comparisons, investments, strategies, trends
Turning Black Coal Green - Zero Emissions Coal Plants
February 02, 2007
Sooty coal hardly seem like the future of energy, but that’s exactly what the U.S. Department of Energy predicts. Coal’s growing dominance need not spell doom for the environment, according to an executive at American Electric Power (AEP), a large American utility company which is building the first near-zero-emission coal plant by 2012. The 275-megawatt facility will serve as the model for a new generation of high-tech coal facilities, it is hoped
Source of article: AltEng post
Labels: climate-change, coal, environment, fossil-fuels, trends
Saturday, May 12, 2007
A Future for Carbon Finance
via TheCleanSlateReport, Tue 20 Mar 2007
The recent announcement of the World Bank’s 10th carbon fund – the Carbon Fund for Europe (CFE) – provided much needed long-term stability to the carbon project finance market. Specifically, up to 40 percent of the CFE’s investment in a project may be allocated to carbon credits generated by a project after 2012, when the present Kyoto regulatory regime will expire.
The support for the post-2012 carbon trading regime is particularly reassuring. For the thousands of carbon projects now under development around the globe, this announcement has opened up new financing opportunities. While they still face a more difficult financing environment as 2012 approaches, with market uncertainty lessened, it is expected that more private equity will flow to carbon finance, says this post @ EcoFinance
Read more from the report about what the future for carbon finance could look like.
Labels: environment, trends
Toyota to be 100% hybrid by 2020?
A short TreeHugger post informs about a Toyota executive saying that the company has seen some success in reducing the cost of the electrical components used in it's hybrid powertrains, and that Toyota ultimately aims by 2020 to have all Toyotas to be hybrid.
Not sure if this is just the company's ambition or a strategy...
Read the original TreeHugger post from here
Labels: autos, costs, hybrids, trends
James Lovelock, the Gaia Hypothesis Theorist Foresees Crises
We are on the edge of the greatest die-off, and will lucky if 20% of us survive what is coming. We should be scared stiff, feels James Lovelock.
Lovelock, famous for the Gaia Hypotheses which maintains that life on Earth regulates its environment keeping it in a remarkable state of balance, not unlike the way a body regulates its own metabolism, now believes that human activities have set off reactions that will knock the biosphere out of it's present balance into one with substantially higher temperatures. The melting of permafrost above the arctic circle will release huge quantities of methane and carbon dioxide, while melting ice reduces the surface albedo and causes less sunlight to be reflected back into space, he feels.
Read more about this and the author's analysis of Lovelock's hypothesis from this post @ Green Future
Labels: analysis, climate-change, environment, trends
455,000 MW of Wind Power by 2016?
The Danish wind power market analysis firm BTM Consult ApS (BTM) released its latest annual market report in late March. Although the press release on the report notes considerable uncertainty in projections beyond 2011, it also states that its projection would lead to total global cumulative installed wind generating capacity of 455,000 MW by 2016. If that amount of wind capacity were installed in the U.S., it could be expected to generate roughly 1.3 trillion kilowatt-hours (kWh) of electricity per year (my estimate), or 25% or more of total U.S. electricity supply.
Read more info about this report from here @ Rising Wind
Spain's Wind Energy Generation Exceeds All Other Forms
Spain's wind energy generators this week (Apr 20, 2007) reached an all-time high in electricity production, exceeding power generated by all other means...On a specific point in time this week, wind power generation rose to contribute 27 percent of the country's total power requirement - at that moment wind power contributed 8,375 mega watts to the nation's power consumption of 31,033, nuclear power - 6,797 mega watts and coal-fired electric generation - 5,081
Source: IHT
Labels: comparisons, europe, trends, wind
Friday, May 11, 2007
Coal’s Future in Doubt - Could Peak in 15 Years?
May 2007
A recent newsletter article by GPM consisted of a summary of the conclusions of a recent study by the Energy Watch Group (EWG) on future global coal supplies. That study found that global coal production could peak in as few as 15 years. This rather surprising conclusion was based on a careful analysis of recent reserves revisions for several nations.
The EWG report has enormous implications for climate change, global energy, and particularly for future electricity supply and steel production in the US and China. Until now, virtually everyone in the fields of energy policy and energy analysis had assumed that the world’s coal endowment was so enormous that no limits would be encountered anytime this century. The EWG’s conclusions turn this assumption on its head.
Read more from this post by Richard Heinberg @ Global Public Media
Labels: coal, data, fossil-fuels, surveys, trends
Tuesday, May 8, 2007
Energy Alternatives Competing For Funding
Advocates of various sources of alternative energy are beginning to point out the competition's warts. Everyone wants to use the energy crisis as leverage to support his or her solution.
But with limited government research and development money for ways to replace oil, any technology's gain is a loss for the others. So the criticism is flying in all directions.
Read more about the type of criticism each energy alternative is receiving, from this blog post @ Solar Sandiego
Labels: analysis, comparisons, investments, opinions, problems, trends
Cleaning Up Coal & The Future of Coal
"
Hi JohnO,
I plan to look back at coal ten years from now the way I look at my old IBM 286 – dead technology. After we transform America to green energy making trillions of dollars of new industries in the process, we will reverse climate change – probably by making some kind of carbon dense briquettes (similar to coal) and putting them back in the ground. Right where they belong. JT
JohnO Writes:
Joshua: my parents forwarded this to me. I especially like his statement
"we've run out of backyards".
This brings to mind the question - what is the most concentrated form of
carbon that we might be able to sequester? Too bad glycerol doesn't
contain any significant carbon - we could sequester it, solving the
disposal problem. I could see raw veg oil as a potential carbon trap,
squeezing it out of beans and seed (and palm nuts) only to be pumped
into the ground to make room in the atmosphere for coal smoke. I'm
afraid to run the figures to see if that makes economic sense. Yikes!
Luckily I don't have the figures readily available, so I'll keep my head
in the sand a little longer. Sigh.
Cheers,
JohnO
"
Read the full discussion and the rest of the opinions here @ Biodiesel America
Labels: analysis, coal, fossil-fuels, opinions, trends
Friday, April 20, 2007
Clean energy has venture capitalists' attention and money
April 19, 2007, By Alejandro Bodipo-Memba
Investment in alternative energy and so-called clean technology has reached record levels in the first quarter of this year, according to a local research firm.
Cleantech Venture Network of Ann Arbor said North American and European venture capital investments in the clean technology category totaled $903 million, which is 16.5% more than the $775 million that was invested during the last three months of 2006, and 42% higher than the first quarter of 2006.
Read the full report @ Freep.com
Labels: investments, trends
Alternative cars on the rise
Apr. 20, 2007, by Mike Keller, Sun Herald
Whatever the reason, Mississippians are turning more and more to alternatively fueled vehicles as part of the solution.
Mississippi now has 82,000 alternatively fueled automobiles zipping around its streets and highways, a recent automotive market report by R.L. Polk & Co. showed.
Read the full article from here @ Sun Herald
Labels: surveys, transportation, trends
UAE looks to tap the sun for solar energy
Apr 2007
Masdar has announced plans to build a $ 350 million 100-MW solar plant
Abu Dhabi - The UAE is still sitting on huge reserves of oil and natural gas, but now it plans to harness yet another of its abundant natural resources – the year-round sunshine.
In the vast desert surrounding the capital Abu Dhabi, the authorities are planning to spread arrays of solar panels to transform the blazing sun into energy.
The plan may be expensive, but the handsome surpluses currently earned from oil revenues can cover the cost.
Read the full report from here @ The Emirates Evening Post
Labels: middle-east, solar, trends
Thursday, March 29, 2007
Burdening Brazil With Ethanol, Biofuels
Lúcia Ortiz and David Waskow, March 19, 2007
The prospects of a massive boom in ethanol production to meet demand in the United States is not entirely pleasant. If the U.S. moves to meet a substantial proportion of its fuel needs from biofuels the pressure to import ethanol and other biofuels will mount rapidly, reaching quantities far beyond what Brazil currently produces. Providing biofuels to meet just 10 percent of current U.S. gasoline consumption would require multiplying Brazil’s already sizeable ethanol production many times over. Expanding Brazil’s biofuel industry on such a large scale will create serious environmental and social problems, says this interesting news article.
Read the full article from here @ Tom Paine
Labels: brazil, environment, ethanol, problems, trends
Monday, March 26, 2007
Genetic engineering industry hopes to save the world
March 23, 2007, By Markus Städeli - Check Biotech
Greenpeace has recently sparked of the genetic engineering controversy in Europe once again. The environmental protection organization claims that a genetically modified maize made by Monsanto has caused liver and kidney damage to experimental animals.
Monsanto strongly contests these accusations.
However, opposition to this technology remains strong. On the other hand, the genetic engineering industry does now see an opportunity to permanently clean up its somewhat tarnished Image. It hopes that the bioethanol boom will help here.
Read more from this Check Biotech news report
Labels: biotechnology, research, trends
Cummins Announces Approval of B20 Biodiesel Blends
23 Mar 2007
Louisville, Kentucky [RenewableEnergyAccess.com]
Cummins Inc. announced the approval of biodiesel B20 blends for use in its 2002 and later emissions-compliant ISX, ISM, ISL, ISC and ISB engines. This includes the recently released 2007 products.
Cummins is able to upgrade its previous position on the use of biodiesel fuel, which limited the use to B5 blends only, up to B20 for three key reasons.
Read the full report from here @ Renewable Energy Access
Labels: biodiesel, engines, trends
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