(For 2016, the IEA Oil Market Report forecasts worldwide average demand of nearly 96 million barrels of oil and liquid fuels per day – that works out to more than 35 billion barrels a year.)The Spanish energy giant Repsol has struck oil in Alaska, in what it said was the biggest conventional oil discovery onshore in America in 30 years.
The group said that two wells it had drilled over the winter had identified potential resources of up to 1.2 billion barrels of light oil.
Canada rear-guard actions (aka "Climate Change Lite"):Big developments this week on a new challenge quickly rising for the energy industry… and beyond.
Climate change reporting.
ExxonMobil lost a key decision in an ongoing climate change battle Wednesday. When a New York judge ordered the oil giant to turn over correspondence from its executives on potential impacts of changing temperatures on the company’s business.
And it isn’t just in the U.S. where climate change reporting is becoming a big issue. Canadian securities regulators also got in on the act this week — announcing the launch of project to examine how well Toronto-listed firms are disclosing their climate risks.
(In other news, ebike store sell out...)Prices have shot up to about $2.30 per kilogram, or about $6.44 a gallon, since the surge began in mid-April, when prices were in the $1.25-30 range. That means North Korea now has some of the highest prices in the world for gasoline. For comparison, the price in April last year was only about 80 cents per kilogram.
We've got one of those in the motor pool at work. Currently can't get any practical use out of it, since the morons in management had it foisted on them as a sort of experiment. I like it though.LSBW wrote:C$1.22 per litre in Toronto.
Don't miss these blood sucking monsters one second.
In front is my brand new 2017 Ford Focus Electric.
Haven't paid a cent since I got it last week, thanks to the local Ikea for
the free fast DC-DC charger, I've done already 524 km, and saved C$57 on gasoline alone.
P.S. Sorry about poor quality of the pic.
P.P.S. I was afraid I was gonna get beaten up by the ICE drivers, and had to leave in the hurry.
Take that... darned ebikers.