06-11-2015, 10:50 PM
Except that the recently released figures for 2014 suggest that something very interesting may now be happening. Rather than another giant increase in coal consumption, for the first time in 15 years, government data shows that China's annual coal consumption declined by 2.9%, with an accompanying 1% fall in carbon dioxide emissions.
China eyes fundamental shift in energy policy - BBC News
The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations, such as North Dakota’s Bakken and Texas’s Eagle Ford shale will shrink 1.3% to 5.58 MMbpd this month, based on Energy Information Administration estimates. It’ll drop further in July to 5.49 MMbpd, the agency said Monday.
America’s shale oil boom grinding to halt as OPEC stands pat
Capital investment in Canada’s oil sands is expected to hit $23 billion this year, about 30% less than last year as lower oil prices and stalled multibillion-dollar pipeline proposals challenge high-cost projects.
Investment In Canada’s Oil Sands Industry To Drop 30% | OilPrice.com
The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields. U.S. oil production rose to an all-time high last year, gaining 1.6 MMbopd, according to BP’s Statistical Review of World Energy released on Wednesday. Gas output also rose, putting America ahead of Russia as a producer of the hydrocarbons combined.
U.S. ousts Russia as world’s top oil, gas producer in BP report