Global geothermal industry passes 12,000 MW operational

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Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. With Iran’s current threat to close the Strait of Hormuz in response to sanctions as a backdrop, the US Energy Information Agency issued an update to its “World Oil Transit Chokepoint” brief ( earlier post ), noting that “ Hormuz is the world’s most important oil chokepoint due to its daily oil flow of almost 17 million barrels in 2011, up from between 15.5-16.0

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