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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416
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Baker Institute team says fossil fuel subsidies need global reform

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“There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S. 5 consumer of oil,” Krane said. 5 consumer of oil,” Krane said.

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Berkeley Lab releases 8th edition of databook on China’s energy and environment; finding the “missing” energy consumption

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We have gathered statistical information on energy and energy demand drivers from all different resources, such as the China Environment Yearbook , the Transportation Yearbook , the Power Yearbook , the Iron and Steel Yearbook , the Cement Almanac , statistics of oil companies and power companies.

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Researchers Say Mix of Policies and Current or Near-Term Technologies Could Phase Out US CO2 Emissions from Coal-Fired Power Plants by 2030

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CO 2 emissions from US coal-fired power plant could be phased out entirely by 2030 using existing technologies or ones that could be commercially competitive with coal within about a decade, according to a paper published online 30 April in the ACS journal Environmental Science & Technology. Credit: ACS, Kharecha et al.

Coal 239
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IEA: global map of oil refining and trade to be redrawn over next 5 years

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Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

Oil 255
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Gallup Finds Americans Prioritize Energy Over Environment for First Time in 10 Years of Poll Question

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Americans are more likely to say the US should prioritize development of energy supplies than to say it should prioritize protecting the environment, according to a recent Gallup poll. This is the first time in this question’s 10-year history that more have favored energy production over environmental protection. Click to enlarge.

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I’ve Done The Math – Now I’m Doing Something About It

Creative Greenius

But our friends in the oil, coal and gas industry have 5,795 gigatons of carbon on the books. It’s already figured into their companies value and stock price. Like the issue of oil drilling in Hermosa Beach. ” What a no-brainer.