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CNN (December 27)

2023/ 12/ 28 by jd in Global News

While the economic progress made during 2023 is remarkable, “there’s still a long way to go before inflation is where the Fed wants it,” partly because higher prices have been “pervasive” and “sticky.” They’re not easily reversible. “More than 90% of the items tracked in the Consumer Price Index are more expensive than they were in February 2020, with most price increases landing north of 20% and some (fuel and margarine) approaching 55%.”

 

CNBC (September 24)

2022/ 09/ 24 by jd in Global News

“The airline race for a breakthrough fuel to cut one billion tons of carbon is just starting.” As a result of the Inflation Reduction Act, “more investor money is expected to flow into green hydrogen… with climate analysts describing the tax credits as being a huge driver for sustainable aviation fuels because science aside, the biggest challenge with scaling up these operations and SAF production has been the financial incentive.”

 

Business Insider (September 9)

2022/ 09/ 10 by jd in Global News

“For the first time in decades, the western world is preparing for widespread and rolling energy shortages. The US, UK, and EU have all been squeezed by Russia’s invasion of Ukraine, soaring costs for electricity and fuel, and record-breaking heat waves. While fall is just around the corner, the worst of the energy strain is likely still to come.”

 

Reuters (September 9)

2022/ 09/ 09 by jd in Global News

“Drastic Russian cuts to gas supplies to Europe this year have turned Norway into the European Union’s main source of the fuel.” Norway is now “forecast to deliver nearly 90 billion cubic metres of gas to the EU this year, or nearly 25% of the bloc’s demand…. That’s higher than the 20% Russia will likely provide.”

 

Australian Financial Review (February 4)

2022/ 02/ 06 by jd in Global News

“Mr Buffett shocked the world in 2020 when Berkshire Hathaway announced that it bought stakes in five of Japan’s biggest trading companies, which at the time were grappling with declining profits as the COVID-19 pandemic reduced demand for fuel and raw materials.” Now, his “surprise bet” is clearly “paying off as the companies expect a record-breaking rebound in profits.”

 

Financial Times (March 26)

2019/ 03/ 27 by jd in Global News

“Ten years ago, you knew where you stood with your energy suppliers. Oil companies sold road fuel, while utilities supplied electricity and gas. Today those lines of demarcation are blurring: utilities can fill up your car and oil companies want to keep your lights on.” This will make for a “period of intensified competition and instability, as companies that were previously able largely to forget about each other are now forced to battle for dominance.”

 

Los Angeles Times (December 29)

2015/ 12/ 30 by jd in Global News

“In an effort to move more cargo on less fuel, ocean freight carriers are in a race to build megaships with much larger capacities than the typical ships calling at U.S. ports. The average container ship being built now is nearly three times the size of the average a decade ago.”

 

USA Today (November 9)

2015/ 11/ 10 by jd in Global News

“Innovation is the key to moving from dirtier fuels to cleaner ones.” To the joy of environmentalists, President Obama rejected the proposed Keystone pipeline to carry oil from Canadian tar sands to the U.S. “The main factor behind Obama’s decision is something environmentalists hate even more than Keystone: hydraulic fracturing, or fracking,” which has added over 3.5 million barrels per day to U.S. domestic production. “The lesson for climate change is obvious… If we want to keep oil (and coal) in the ground, we need to make other forms of energy cheaper. That means nurturing technologies such as natural gas extraction. It also means promoting another technology that environmentalists love to hate: nuclear energy.”

 

The Economist (April 19)

2014/ 04/ 20 by jd in Global News

Coal is a “cheap, ubiquitous and flexible fuel” that will be “the fuel of the future, unfortunately.” Although it remains very dirty, coal “offers the best chance for poor countries wanting to get rich” and even for some rich countries, like Japan and Germany, seeking nuclear alternatives.

 

Wall Street Journal (November 4)

2013/ 11/ 05 by jd in Global News

By year end, the U.S. is likely to unseat Russia and become the second largest global producer of liquid fuels. The U.S. is now well positioned to escape the capricious yoke of OPEC and “even could surpass Saudi Arabia to become the leading global producer within the next decade.” Former Secretary of State George Schultz and FedEx CEO Fred Smith write, the nation’s leaders should “embrace both the supply revolution now well under way and the emerging demand revolution in oil-displacement technology that, together, promise a more secure and prosperous future.”

 

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