Industry

Biofuel pros and cons – Feb 3

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-Shell stakes green future on sugar biofuel in $2bn Brazil venture
-Obama Set to Outline Biofuels Strategy
-Biofuel requirements for cars may help destroy the rainforest, watchdog says
-Biofuels: the Biggest Supply Response to the 2000s Oil Shock

Renewables & efficiency – Feb 2

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-Windfarm boost for north-east industry
-China Leading Global Race to Make Clean Energy
-Government to reward renewable energy homes with higher feed-in tariffs
-IMF plans $100bn injection into economy to fund energy efficiency
-Wind Power Grows 39% for the Year
-Powering a Green Planet: Sustainable Energy, Made Interactive

The OPEC bulletin and focus on Angola

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At the moment it seems like everyone wants a piece of Angola. The queue of prominent visitors is long with the USA’s Secretary of State Hillary Clinton at its head. Where it smells of oil one can also find China … The international oil companies are trying to maximize oil flows from Angola’s deep water fields where production is very expensive. This means that production from these fields will lie on a plateau for some years before the usual very rapid decline begins. If we look into the future this will mean that Angola will reach Peak Oil before 2030. According to Colin Campbell they will reach peak production in about 10 years.