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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge.
OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.
His assessments are based on regional (OPEC) developments, as production of oil and gas in the so-called cheap oil regions is also under threat. With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react. Amin Nasser’s aim is to go beyond global oil markets.
This war is a war of drones, they are the super weapon here,” Anton Gerashchenko, an adviser to Ukraine’s minister of internal affairs, told Newsweek earlier this year. Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. That’s not cheap, except by U.S.
I liken electric grid and renewable to the economic and political and military fiasco of the Iraq war. So, the used batteries are almost arbitrarily cheap since an arbitrarily large fraction of their cost of production can be loaded on their use in transportation. Alternative is no longer an alternative. Oil is the alternative.
Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. Why not ake it all the way and spend 1 year of Iraq on retrofitting every home in America with nano solar.
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