Go for launch: The space race for mining metals from asteroids gains more focus
The Luxembourg Government announced a series of measures on Feb. 3 that will boost asteroid mining and the visionary use of space resources.
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Notice: Undefined index: und in include() (line 207 of sites/all/themes/Porto_sub/node--feed-item.tpl.php).High inventories help push crude oil prices to lowest levels in 13 years
(Thu, 04 Feb 2016) Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and nonenergy commodity markets, and the potential for additional crude oil supply to enter the market. Crude oil and petroleum product inventories, both domestically and internationally, have been growing since mid-2014 and are above five-year averages for this date.
Computer and technology use in education buildings continues to increase
(Wed, 03 Feb 2016) Based on data collected in EIA's latest Commercial Buildings Energy Consumption Survey (CBECS), the number of computers in education buildings across the United States is continuing to grow rapidly. On average, education buildings have nearly twice as many computers per million square feet as all commercial buildings. Among commercial building categories, only office buildings have more computers per square foot.
PADD 1 and PADD 3 Transportation Fuels Markets
(Wed, 03 Feb 2016) This study examines supply, consumption, and distribution of transportation fuels in Petroleum Administration for Defense Districts (PADDs) 1 and 3, or the U.S. East Coast and the Gulf Coast, respectively. The East Coast region includes states from Maine to Florida along the U.S. Atlantic Coast. The Gulf Coast region comprises states between New Mexico in the west to Alabama in the east along the Gulf of Mexico. For this study, transportation fuels include gasoline, diesel fuel and jet fuel. Residual fuel oil supply is also analyzed where applicable.
Wind blows ill for natural gas in Texas
The power market landscape in Texas is echoing problems seen in Europe and could have repercussions for the future of natural gas-fired projects.
The world is flat ... at least for global ethylene producers while oil prices are low
On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest prices seen since 2003. Since then we have seen prices rise and hover around the $30/b level.
Electricity generation from renewable sources expected to grow 9% this year
(Tue, 02 Feb 2016) Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015. In 2016, electricity from utility-scale renewable sources is expected to account for 14% of the total electricity generated in the United States, with wind and solar contributing 5.2% and 0.8%, respectively.
When opening the door to US crude oil exports lets other grades in
While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn’t seen in years are beginning to appear in domestic ports.
Pemex reform efforts in Mexico hobbled by oil downturn: Fuel for Thought
Falling crude oil production, falling refined product output and falling income have led many to believe that the sky is falling on Mexico’s state-owned oil company Pemex.