Emerging markets account for all growth in oil use forecast in 2014 (click here)
01/06/2014
Conglin Xu Senior Editor-Economics
Laura Bell Statistics Editor
While economies of the US and most other industrialized countries will strengthen this year, all of the world's oil consumption growth of 1.1 million b/d will occur in emerging markets. This sustains a well-established trend. Economic growth is fastest in the industrializing world, and factors such as energy-efficiency gains and underlying macroeconomic concerns moderate projections for oil demand in developed economies....
And exactly how long will carbon dioxide emissions dominate the Earth's troposphere? Non-stop.
Dec 12, 2013 8:56 AM ET
...Crude extracted (click here) from beneath the oceans will expand 150 percent by 2040, with production from oil-sands deposits quadrupling in that period, said Exxon, which used a base year of 2010 in its calculations. Shale, deep-water and oil-sands output together will be more than enough to replace declining supplies from older, onshore fields that were drilled decades ago, the report said.
U.S. crude production climbed a record 18 percent in the past year to a 25-year high of 8.075 million barrels a day in the week ended Dec. 6, the Energy Information Administration said yesterday. The boom has reduced domestic demand for foreign oil and spurred an increase in overseas sales of oil-based fuels such as diesel, which aren’t subject to the same export restrictions as crude...
There is no oil shortage. There is oil production GLUT.
China really needs to up it's game in alternative energy sources to these emerging economies. Seriously.
Emerging economies are being saddled with expensive fossil fuel imports. Sustainable energy that they can purchase and build will reduce their national debt and long term deficit.
China, itself, has proven that emerging economies do very well with alternative energy sources.
Overview (click here)
In 2011, China led the global wind power market again, by adding 17.63 GW of new wind capacity, equivalent to 43% of the global annual market. While the US showed slow recovery from the downturn in 2010 by adding 6.8 GW, China cemented its place as the world’s leading wind market with a total installed capacity of 62,364.2 MW.
At the end of 2011, four Chinese manufacturers were among the global top ten; Goldwind leading the league with a total installed capacity of 3.79GW, ranking number two right after Vestas, followed by Sinovel (No. 7 with 2.95GW), United Power (No.8 with 2.86GW) and Mingyang (No. 10 with 1.18GW). The global top 10 manufacturers accounted for 78.5% of the global annual market, out of which the four Chinese companies accounted for 26.7%.
Thirteen Chinese provinces have passed the 1GW milestone, including the top ten (see table) followed by Shan Xi (1881.1MW), Guangdong (1302.4MW) and FuJian (1025.7MW). Inner Mongolia has the highest wind capacity with a total of 17.6 GW at the end of 2011.
Speaking of Mongolia. That was Mongolia, not Inner Mongolia.
Jun 5, 2013 9:37 PM ET
Mongolia is scheduled to startoperations (click here) at its first wind farm this month, a $122 million project that’s the biggest power plant in 30 years and part of a government effort to cap pollution cloaking the capital city.
The 50-megawatt facility developed by Clean Energy LLC using 31 turbines from General Electric Co. (GE) is located on a wind-raked ridge about 45 miles (72 kilometers) southwest of Ulaanbaatar. Sengee Enkh-Amgalan, the company’s chief executive officer, plans to officially start the plant on June 20.
Mongolia is seeking alternatives to fossil fuels such as coal that power its industry and mines. The government has set a target to get 20 percent to 25 percent of its energy from renewables by 2020, up from less than 2 percent currently. Coal supplies about 80 percent of the nation’s energy...
U.S. Assistance to Mongolia (click here)
Mongolia’s economic growth rate is among the highest in the world. Increased income for both the Mongolian government and the private sector, primarily from mining, brings increased opportunities for economic diversification, improvements in education, infrastructure, and social programs. U.S. Government assistance seeks to promote private-sector-led growth and long-term capital investment, as well as other activities to aid the Mongolian government in strengthening the implementation of its laws, creating greater transparency and accountability, and addressing corruption. Training and equipment provided by the U.S. Government support the professionalization of Mongolia’s defense forces and their continued support for United Nations peacekeeping operations. Because of Mongolia’s long and highly porous borders, U.S. assistance also aims to support non-proliferation activities.
The U.S. Agency for International Development program and the Peace Corps both have programs in Mongolia. The United States and Mongolia implemented a Millennium Challenge Compact between September 2008 and September 2013.
Now, I ask you, does the world need another stupid, leaky pipeline? Of course not. This pipeline is pure unadulterated exploitation of the American people with very high risk to an very important aquifer while intensifying global atmospheric carbon pollution. It is counter productive to the best interests of the USA. It is a losing proposition from every angle there is.
01/06/2014
Conglin Xu Senior Editor-Economics
Laura Bell Statistics Editor
While economies of the US and most other industrialized countries will strengthen this year, all of the world's oil consumption growth of 1.1 million b/d will occur in emerging markets. This sustains a well-established trend. Economic growth is fastest in the industrializing world, and factors such as energy-efficiency gains and underlying macroeconomic concerns moderate projections for oil demand in developed economies....
And exactly how long will carbon dioxide emissions dominate the Earth's troposphere? Non-stop.
Dec 12, 2013 8:56 AM ET
...Crude extracted (click here) from beneath the oceans will expand 150 percent by 2040, with production from oil-sands deposits quadrupling in that period, said Exxon, which used a base year of 2010 in its calculations. Shale, deep-water and oil-sands output together will be more than enough to replace declining supplies from older, onshore fields that were drilled decades ago, the report said.
U.S. crude production climbed a record 18 percent in the past year to a 25-year high of 8.075 million barrels a day in the week ended Dec. 6, the Energy Information Administration said yesterday. The boom has reduced domestic demand for foreign oil and spurred an increase in overseas sales of oil-based fuels such as diesel, which aren’t subject to the same export restrictions as crude...
There is no oil shortage. There is oil production GLUT.
China really needs to up it's game in alternative energy sources to these emerging economies. Seriously.
Emerging economies are being saddled with expensive fossil fuel imports. Sustainable energy that they can purchase and build will reduce their national debt and long term deficit.
China, itself, has proven that emerging economies do very well with alternative energy sources.
Overview (click here)
In 2011, China led the global wind power market again, by adding 17.63 GW of new wind capacity, equivalent to 43% of the global annual market. While the US showed slow recovery from the downturn in 2010 by adding 6.8 GW, China cemented its place as the world’s leading wind market with a total installed capacity of 62,364.2 MW.
At the end of 2011, four Chinese manufacturers were among the global top ten; Goldwind leading the league with a total installed capacity of 3.79GW, ranking number two right after Vestas, followed by Sinovel (No. 7 with 2.95GW), United Power (No.8 with 2.86GW) and Mingyang (No. 10 with 1.18GW). The global top 10 manufacturers accounted for 78.5% of the global annual market, out of which the four Chinese companies accounted for 26.7%.
Thirteen Chinese provinces have passed the 1GW milestone, including the top ten (see table) followed by Shan Xi (1881.1MW), Guangdong (1302.4MW) and FuJian (1025.7MW). Inner Mongolia has the highest wind capacity with a total of 17.6 GW at the end of 2011.
Speaking of Mongolia. That was Mongolia, not Inner Mongolia.
Jun 5, 2013 9:37 PM ET
Mongolia is scheduled to startoperations (click here) at its first wind farm this month, a $122 million project that’s the biggest power plant in 30 years and part of a government effort to cap pollution cloaking the capital city.
The 50-megawatt facility developed by Clean Energy LLC using 31 turbines from General Electric Co. (GE) is located on a wind-raked ridge about 45 miles (72 kilometers) southwest of Ulaanbaatar. Sengee Enkh-Amgalan, the company’s chief executive officer, plans to officially start the plant on June 20.
Mongolia is seeking alternatives to fossil fuels such as coal that power its industry and mines. The government has set a target to get 20 percent to 25 percent of its energy from renewables by 2020, up from less than 2 percent currently. Coal supplies about 80 percent of the nation’s energy...
U.S. Assistance to Mongolia (click here)
Mongolia’s economic growth rate is among the highest in the world. Increased income for both the Mongolian government and the private sector, primarily from mining, brings increased opportunities for economic diversification, improvements in education, infrastructure, and social programs. U.S. Government assistance seeks to promote private-sector-led growth and long-term capital investment, as well as other activities to aid the Mongolian government in strengthening the implementation of its laws, creating greater transparency and accountability, and addressing corruption. Training and equipment provided by the U.S. Government support the professionalization of Mongolia’s defense forces and their continued support for United Nations peacekeeping operations. Because of Mongolia’s long and highly porous borders, U.S. assistance also aims to support non-proliferation activities.
The U.S. Agency for International Development program and the Peace Corps both have programs in Mongolia. The United States and Mongolia implemented a Millennium Challenge Compact between September 2008 and September 2013.
Now, I ask you, does the world need another stupid, leaky pipeline? Of course not. This pipeline is pure unadulterated exploitation of the American people with very high risk to an very important aquifer while intensifying global atmospheric carbon pollution. It is counter productive to the best interests of the USA. It is a losing proposition from every angle there is.
