Energy Update
In the near future, Russia may take advantage of production of renewable energy from wood pellets for the needs of remote towns and villages where such practice could cut the cost of energy nearly ten times, according to a recent study of National Research University — Higher School of Economics.
Renewables are coming to replace petroleum, predicted by self-proclaimed tech prognosticators everywhere. On the other end — inflated and unrealistic valuations, a shaky stock market, and a weak China, and as the oil prices fluctuate, they will take many smaller and un-mythical bio-based startups down. Why? Because you cannot have a successful bio-based company without a subsidy or an incentive from the government with the era of $44 crude oil! That is the usual reply from the unfamiliar!
Innovation takes teamwork. Sometimes that teamwork takes the form of companies, universities, or state and local governments collaborating together in novel ways. This can also occur through an “innovation cluster,” or a “regional center of innovation,” in which stakeholders come together to solve common problems. Recently, there has been increased focus on innovation clusters for energy projects.
LONDON, July 29 (Reuters) - Middle distillates remain the
one ray of hope for U.S. oil refiners still struggling to clear
a glut of gasoline caused by over-production earlier in the
year.
July 29(Reuters) - Imperial Oil Ltd, Canada's No.2
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.
HOUSTON, July 29 (Reuters) - Exxon Mobil Corp, the
world's largest publicly traded oil producer, said on Friday its
quarterly profit tumbled 59 percent due to the slump in crude
prices.
Hydropower has been around for more than a century, and is currently the nation's largest source of clean, domestic, renewable electricity. What could its role look like in the year 2050?
July 29 (Reuters) - Enbridge Inc , Canada's
largest pipeline company, reported a slightly
lower-than-expected profit as the company's liquids pipeline
business was hit by a massive wildfire in Fort McMurray,
Alberta.
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