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When Will Russia Run Out Of Oil?

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On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. When will Russia run out of oil? In 2016, only 3.7 million tons.

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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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Global energy intensity, 1981-2010. Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute.

2010 246
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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Global CO 2 emissions from fuel use and cement production by region. In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Source: PBL.

2008 170
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American Le Mans Series Introduces Green Dream Team

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ALMS believes the announcement is the first of its kind in sports addressing the concerns of the global warming, the environment and reducing dependence on foreign fuels and energy sources. This season, he drives for G-Oil’s Green Earth Team Gunnar in the new LMP Challenge class.

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IBM and Repsol launch first cognitive technologies collaboration for oil industry applications

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Scientists at IBM and global energy company Repsol S.A. announced the first research collaboration to leverage cognitive technologies to support the oil and gas industry. The oil and gas industry boasts some of the most advanced geological, geophysical and chemical science in the world. Click to enlarge.

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Ford puts the pedal down on performance … but not with electric drive technology right now

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Beginning production late next year, the GT will the road in select global markets in honor of the 50 th anniversary of Ford GT race cars placing 1-2-3 at the 1966 24 Hours of Le Mans. Ford has been selling hybrids and, later plug-ins, since 2004. —Raj Nair. Ford’s electric drive vehicle sales.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Additional highlights of the 9 th annual Global Trends in Renewable Energy Investment 2015 report include: China saw by far the biggest renewable energy investments in 2014—a record $83.3 billion, up 39% from 2013.

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