_Economy and Finance

English 한국어 Infrastructure & Tech Frontiers Beyond Lithium: The Multibillion-Dollar Race for LDES As the integration of intermittent renewable energy approaches a critical tipping point globally, short-duration storage solutions are revealing their limits. Standing as the definitive solution to the world's clean grid transition is a class of architectures shifting the energy landscape: Long-Duration Energy Storage (LDES). “To entirely eliminate our systemic lock on fossil-fuel legacy backups, utility providers are turning to giant engineering platforms designed to capture and hold grid power for multiple days.” While chemical lithium setups excel at smoothing short daily consumption peaks, they become economically unviable when scaled to fight systemic clean generation droughts. LDES bypasses the reliance on volatile chemical supplies by mob...

English 한국어 Insight & Strategy The New Metric of Green Computing: 24/7 CFE As artificial intelligence redraws the global industrial map, the technology sector is quietly abandoning legacy environmental benchmarks. In their place emerges 24/7 Carbon-Free Energy (CFE) —a radical operational standard forcing a profound structural reckoning across energy grids worldwide. “ 24/7 CFE demands a total, unfettered temporal alignment—requiring every single hour of data center power consumption to match locally generated clean electricity. Dismantling the RE100 Accounting Mirage For over a decade, corporate sustainability thrived on aggregate annual data. The traditional RE100 framework allowed companies to offset their carbon footprint by matching total annual gigawatt-hours with unbundled Renewable Energy Certificates (RECs). This accounting me...

English 한국어 Global Infrastructure Report The Power Play for Clean Compute: BTM Nuclear Co-location As generative artificial intelligence dictates the pace of technological leadership, a quiet revolution is taking place at the foundations of the energy grid. Hyperscale operators are decoupling themselves from public infrastructure bottlenecks via an aggressive strategy known as Behind-the-Meter (BTM) Nuclear Co-location . “By placing data centers directly inside the security gates of functional nuclear power facilities, tech conglomerates are essentially creating independent energy islands tailored purely for raw digital power.” The mechanics are elegantly straightforward yet legally complex. Rather than routing electricity across vast regional grids managed by public utility companies, the data centers plug straight into the source. They draw clean,...

http://www.eia.gov/forecasts/aeo/er/index.cfm Release Date: December 16, 2013 | Full Report Release Date: Early Spring 2014 | CORRECTION | Report Number: DOE/EIA-0383ER(2014) This release is an abridged version of the Annual Energy Outlook that highlights changes in the AEO Reference case projections for key energy topics. The Early Release includes data tables for the Reference case only. The AEO2014 full version will be released early Spring 2014. Download the AEO2014 Early Release Report

DECEMBER 12, 2013 Propane demand hits a record high for November http://www.eia.gov/todayinenergy/detail.cfm?id=14151 Source: U.S. Energy Information Administration, Weekly Petroleum Status Report Note: Product supplied is a proxy for consumption. Propane is produced from natural gas at processing plants and from crude oil at refineries. Propane produced from natural gas has been the fastest-growing component of overall U.S. propane supply. Propane production in the United States has set record highs on an almost weekly basis in 2013 as a result of increased oil and natural gas drilling. A record corn crop harvest has increased the demand for propane (shown in the graph above as product supplied) in the central United States. Expanded propane production met this agricultural demand, while continuing to supply other markets.

http://www.eia.gov/forecasts/steo/report/global_oil.cfm SHORT-TERM ENERGY OUTLOOK Release Date: December 10, 2013 | Next Release Date: January 7, 2014 | Full Report | Text Only | All Tables | All Figures Global Crude Oil and Liquid Fuels

http://www.eia.gov/forecasts/steo/report/prices.cfm SHORT-TERM ENERGY OUTLOOK Release Date: December 10, 2013 | Next Release Date: January 7, 2014 | Full Report | Text Only | All Tables | All Figures Prices

http://www.eia.gov/forecasts/steo/index.cfm SHORT-TERM ENERGY OUTLOOK Release Date: December 10, 2013 | Next Release Date: January 7, 2014 | Full Report | Text Only | All Tables | All Figures Overview

http://business.time.com/2013/10/03/texas-tea-party/ An Energy Boom That Could Last For a bursting oil region like Texas, experience is an asset By Bryan Walsh / Midland @bryanrwalsh Oct. 03, 2013 Oil and natural gas are old energy — as old as it gets. But increasingly, the technology used to extract them is cutting-edge. “Over the last 20 or 30 years, there’s been more technological leaps out of the oil and gas industry than there’s been out of Silicon Valley,” says Dale Nijoka, Ernst & Young’s global oil and gas leader.

Canada's Harvest drilling finds 5.9 mln bbls oil reserve - KNOC SEOUL, Sept 29 | Sun Sep 29, 2013 5:33am EDT (Reuters) - State-run Korea National Oil Corp (KNOC) said on Sunday its loss-making subsidiary Harvest Operations had found at least 5.9 million barrels of crude oil in a Canadian well where it began drilling earlier this month. http://www.reuters.com/article/2013/09/29/knoc-korea-canada-idUSL4N0HP07A20130929

UPDATE 1-S.Korea's KNOC says eyeing sale of parts of Canadian unit Harvest Tue Sep 24, 2013 4:37am EDT * A few buyers showed interest in some assets of Harvest * KNOC re-evaluating overseas assets including UK-based Dana * Could sell parts of overseas assets to reinforce business By Meeyoung Cho SEOUL, Sept 24 (Reuters) - State-run Korea National Oil Corporation (KNOC) said it is considering selling 'non-core parts' of its loss-making Canadian energy subsidiary Harvest Operations and reviewing other overseas assets for potential sale of some of their parts. http://www.reuters.com/article/2013/09/24/knoc-korea-harvest-idUSL4N0HK16720130924

The Key is good speed, not great haste. - Victor Gao (高志凯), Sep 10, 2013

Texas Refinery Is Saudi Foothold in U.S. Market Published: Friday, 5 Apr 2013 | 9:21 AM ET By: By Clifford Krauss PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin. But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize. http://www.cnbc.com/id/100618028

US Hears Footsteps of Global Challengers in NatGas Boom Published: Thursday, 4 Apr 2013 | 2:15 PM ET By: Javier E. David Special to CNBC.com The United States, currently one of the world's largest sources of natural gas, may find itself fending off increasingly stiff competition in the resource's development, as the move to tap natural gas supplies goes global. http://www.cnbc.com/id/100617228

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 12 of 12 Millions of Barrels http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide12

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 11 of 12 In the Zone http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide11

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 10 of 12 From Ranch to Oilfield http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide10

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 9 of 12 Texas-Sized Potential http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide9

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 8 of 12 Boosting Yield http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide8

The United States of Oil By John Lippert - Apr 2, 2013 ◁ PREV NEXT ▷ 7 of 12 Separating the Mixture http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide7