Tag Archives: china

Blowout Week 160

This week we feature the inauguration of President Donald Trump and what it portends for US (and World) energy policy. After some confusing recent announcements Trump seems to have reverted to form. We continue with, oil production up in Libya and down in China, UK “last hope” for fracking in Europe, nuclear shutdown in New York, California nuclear shutdowns frustrate renewable energy goals, Russia lends $11 billion to Bangladesh to build nuclear plant, Ontario’s failed coal closure initiative, Wyoming to ban utility-scale renewables, Saudi Arabia to become a renewable energy powerhouse, 790GW of untapped wind & solar in SE Europe, Germany can’t admit Energiewende blunder, Scotland targets 66% emissions cut in 15 years, Ikea refuses to invest in more renewables in UK, UK wave power “far too costly”, energy bills and the plight of UK pensioners, too much sun in Yorkshire, the Paris Agreement to cost $100 trillion and reduce warming by only 0.3C and a hydrogen-powered boat plans to circumnavigate the globe. Continue reading

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Blowout Week 140

This week’s Blowout focuses on the “formal commitment” of Presidents Xi of China and Obama of the U.S. to the Paris Climate Accord. Xi may be in a position to commit China but it’s questionable whether Obama has the ability to commit the U.S. without congressional approval. The last time the U.S. signed a major climate accord (Kyoto in 1997) it was promptly and unanimously repudiated by the U.S. Senate: Continue reading

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Low oil prices, budget deficits and OPEC

OPEC is known to have suffered economic damage as a result of low oil prices, but exactly how much?

GDP, 11 OPEC countries combined: Down from $3,392 billion in 2014 to $2,849 billion in 2015, a decrease of $543 billion.

Budget deficit, 11 OPEC countries combined: Up from $17 billion (0.5% of GDP) in 2014 to $278 billion (9.8% of GDP) in 2015, an increase of $261 billion.
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Blowout week 94

The UK National Grid warns of possible brownouts. When? Within ten days: Mail:  National Grid warns of brownouts British households are facing the prospect of ‘brown-outs’ this autumn – a reduction in electricity supply that could lead to appliances not … Continue reading

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Blowout week 86

CO2 emissions are in the news in advance of the forthcoming Paris Climate Conference, and now we learn that CO2 emissions from China, the world’s number one emitter, may have been significantly overestimated. Have they? And if they have, how much difference does it make? Continue reading

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China: post-industrial revolution

In this post I revisit the energy production and consumption data for China looking for clues about the future direction of global energy markets. China now consumes 23.2% of all energy consumed on Earth and clearly what happens in China will impact the whole world. Figure 1, lifted from the 2015 BP Statistical Review, shows how dramatically growth has slowed in China. Energy intensive steel and cement are barely growing as the era of industrialisation and building infrastructure comes to an end. So may this in part explain the 2014 oil price crash? Continue reading

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Blowout week 76

This week’s Blowout features the ongoing economic transition in China, which has potentially major implications for the world energy and natural resource industries.

Stories below the fold include OPEC pumping more oil than ever, bargain-hunting in the North Sea, lack of progress at the Bonn climate talks, coal plant closures in Australia, EPA to regulate airline emissions, new renewables records set in UK, planning permission granted for the Swansea tidal lagoon, the decreasing competitiveness of nuclear electricity in France, nuclear to the rescue in drought-stricken California, and how global warming is forcing polar bears to eat dolphins while climate change ruins your weekend. Continue reading

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Global Energy Trends – BP Statistical Review 2015

The BP Statistical review of World Energy was published on Wednesday 10th June. Last year I published a short post summarising Global Energy Trends and this post up-dates those charts with the newly published data for 2014. Continue reading

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Blowout week 74

The usual mix below the fold, including shale oil, the coal crisis in Germany, Austria now to sue the Czech Republic over nuclear, the doomed city of Hull, Exxon’s CEO speaks out on renewables, a solution to the energy storage problem, biofuels and water use, vanishing glaciers on Everest, an ice cream that increases climate change awareness and immediately following, are the EIA’s oil production numbers reliable? Continue reading

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Blowout week 73

Building on the recent interest in energy storage and the potential for going off-grid, this week we feature the latest offering from the fertile imaginations of the sustainable living enthusiasts – the Ecocapsule:

Stories below the fold on the Ferrybridge closure, Scotland demanding a veto over UK energy decisions, NOPEC – a rival for OPEC, Saudi Arabia to become a renewables powerhouse, nuclear in South Africa and China, coal in India, the Large Hadron Collider sets a new energy record, job losses in the European renewables industry, conflicting views on melting Antarctic ice, how climate change threatens football and immediately following, an interesting contrast in the way two media outlets report what the CEO of Shell said last week:

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Blowout week 69

The oil just keeps on coming: More on the oil glut below the fold, plus fracking and earthquakes in the US, grass-to-gas conversion in UK, Drax pellet demand, nuclear in Japan and China, coal miners march in protest in Germany, Pakistan bans wind and solar, the Yellowstone “supervolcano”, the zero-carbon airliner of the future (complete with CO2 scrubber), the GWPF launches an enquiry into adjustments to temperature records (h/t A.C. Osborn) and how the tragic deaths in the Mediterranean are precisely in line with the predictions of climate security analysts.
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The Oil Price Crash and Economic Slow Down in China

Commenter Javier sent me a collection of 10 charts that he had collected from various internet sources together with his commentary that forms the basis of this joint-post. These charts tell a clear story of a major economic slowdown in China. This most certainly will be implicated in the ongoing oil price weakness. The $10,000 question is will China make a cyclical rebound like it has done in the past? Continue reading

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Blowout Week 64

This week we feature Germany, which has successfully weathered the recent solar eclipse that threatened to play havoc with the German grid:

More stories below the fold, including OPEC and its victims, Longannet, Superstorm Sandy and sea level rise, progess at Fukushima, Scots want more wind power, the coming wave of bankruptcies in coal, the Royal Society’s pronouncements on climate change challenged, Norwegian pension funds and how Al Gore wants to put a price on climate denial.

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Blowout Week 62

Drawing one of the strongest links yet between global warming and human conflict, researchers said Monday that an extreme drought in Syria between 2006 and 2009 was most likely due to climate change, and that the drought was a factor in the violent uprising that began there in 2011. Continue reading

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Blowout week 25

A crazy set of stories this week: the evolving and confusing situation in Iraq; the  Ukraine – Russia – Europe gas crisis that is hand made in Ukraine; global warming doctrine continues to unravel; the fantasy worlds of UK and … Continue reading

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China – the coal monster

In 2012 China consumed 50.4% of all coal produced on Earth. Most, but not all of that coal was produced in China, mainly from deep underground mines. Like Europe and the USA before it, China’s industrial revolution has been founded on coal that accounts for 68% of all energy consumed. Continue reading

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Blowout week 21

Gazprom’s chairman has describing Europe’s energy shortage as “scary” and ridiculed the EU’s push for wind and solar power as a shambles. Continue reading

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The efficiency of wind power

The “global” wind power load factor is estimated to be 22.7% for 2012. This is based on an analysis of installed wind capacity and electricity production data for 17 countries published by BP [1]. This estimate is subject to the veracity of the data and methodology applied. The average load factor for the last 9 years is estimated to be 22.5±0.4% (1SD). Continue reading

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BRICK oil production update Sep 2013

In September 2013 oil production in the BRICK countries was 19.4 million barrels per day (Mbpd) representing 22% of the global total. In this group, demand growth is outstripping supply growth and the group seems set to become a significant net importer of oil in the years ahead. Continue reading

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