Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in 2013 and is predicted to reach 8.5 percent between 2014–16, according to the World Bank. London based […]
Mexican President Enrique Peña Nieto’s major policy reform proposals, on everything from new taxes on soda pop to amending the 70-year constitutional prohibition on foreign investment in Mexico’s petroleum sector, have swept through that nation’s congress with breathtaking speed.
Earlier this month, the Wall Street Journal reported that more crude oil is being sent by sea and inland waterways as a supplement to railways and pipelines. Since 2010, the amount of oil shipped on barges from the Midwest down the Mississippi River to the Gulf of Mexico has increased 13 times. Much of this […]
One of the year’s most urgent policy questions—whether or not the U.S. should export oil–is finally garnering attention in Washington as both sides of the U.S. oil export debate make their case. The United States began safeguarding domestically produced oil after the 1973 Arab oil embargo, which caused supply disruptions and price spikes in the […]
For a continent determined to close its energy gap, Africa is poised to turn away from fossil fuel production and potentially bring clean energy to nearly 600 million people lacking electricity. Vaccines unable to be stored without refrigeration, students closing their books after dark, and smoke-filled homes thanks to wood or coal burning devices are […]
When Mexico passed legislation last month lifting a 75-year ban on foreign energy investors, oil companies from around the world awoke to the untapped potential of a new market now up for grabs. President Enrique Peña Nieto kicked off his six-year term just over a year ago, promising economic improvement and an aggressive reform agenda. […]
Seven years after Panama voted to widen its world-renowned canal, a debate over who should have to pay an additional $1.5 billion in construction costs threatens to halt its completion. The U.S., anxious to begin sending liquefied natural gas tankers through the canal, is keeping a close watch on the situation as a potential setback […]
East Africa is on the verge of personifying an energy transformation. New advances in natural gas, wind, geothermal, solar power and potentially oil are emerging to feed the hungry markets, while large hydro will continue to expand as well. Ethiopia, a country of 92 million and 7+ percent economic growth, has been a driver in […]
The world continues to watch as President Obama and his administration increase their lobbying efforts to convince the Congress and the international community to support a U.S. led military strike in Syria. President Obama went on a media blitz Monday and is expected to deliver his case to the nation today to launch a “limited” […]
Ecuadorian President Rafael Correa, president of the smallest oil producing and exporting member of OPEC, has committed to expanding oil drilling – from the current 513,000 barrels of oil per day. President Correa announced last week that he signed an executive decree to end the Yasuni Ishpingo-Tambococha-Tipuni (ITT) initiative. ITT are oil blocks, which house […]
As the developing world continues its economic expansion, it is predicted to leave the developed world in its dust in regards to increase in energy consumption over the next 25 plus years or so. Dominant forces of China and India will drive the trend, but other developing nations will continue to become major […]
President Obama’s trip to Senegal, South Africa and Tanzania was touted as a commitment to begin a new partnership with the rising continent. Home to 6 of the 10 fasted growing economies, Africa has made great strides – the International Monetary Fund predicts growth of 5.4 percent this year and 5.7 percent next year, but […]
Lac Megantic, Quebec, is a little town near the border with Maine, and it’s the kind of place where news doesn’t get made. Unfortunately for the people there, the town made headlines on July 6 when a number of oil tanker cars somehow rolled a few miles from the train’s locomotive, derailed and exploded. The […]
Britain continues to hold the distinction of being home to the largest offshore wind farm in the world. And with as much offshore wind capacity already installed across the U.K. as the rest of the world combined, it will likely maintain its global industry leadership for years to come. Prime Minister David Cameron was on […]
Ever since the nuclear power industry was born, its proponents have tried to find safer ways of using nuclear fission to generate electricity. And there is no doubt that the reactors built today are safer than those erected in the 1950s. However, the main problem with nuclear power as it stands is the inherently dangerous […]