Here's where each of the 12 OPEC members stand ahead of this week's meeting
• Business InsiderOPEC, the 12-member oil cartel, is meeting once again to discuss their game plan for production on Friday in Vienna.
Contents Pages by Subject
Energy
Can We Blame Hedge Funds For Low Oil Prices?
Staffoilpricedotcom ErikWith oil prices down in the $40's range, many blame hedge funds for keeping prices low, but are hedge funds and other investors large enough to move the overall oil market?
The $30 Oil Cliff Threatening Russia's Economy
• BloombergLower prices for the fuel are next year's biggest risk for Russia, which is unprepared to ride out another shock on the oil market, most economists said.
Researchers create sodium battery in industry standard "18650" format
• http://www.gizmag.com, Eric MackA team of researchers in France has taken a major step towards powering our devices with rechargeable batteries based on an element that is far more abundant and cheaper than lithium.
If China Killed Commodity Super Cycle, Fed Is About to Bury It
• Bloomberg"In China, you had 1.3 billion people industrializing -- something on that scale has never been seen before," said Andrew Lapping, deputy chief investment officer at Allan Gray Ltd., a manager of $33 billion of assets in Cape Town.
Leapfrogging to Solar: Emerging Markets Outspend Rich Countries for the First Time
• bloomberg.comChina alone is adding more renewables than the U.S., U.K., and France combined.
Chinese students have figured out how to turn a spoonful of sugar into 80 hours of electricity
• http://www.businessinsider.com,team of Chinese students have modified E. coli, Shewanella and B. subtilis bacteria to create a microbial fuel cell. By feeding the bacteria with sugar, the fuel cell can generate up to 80 hours of electrical output.
More hurdles jumped on path to a practical lithium-air battery
• gizmag.comWith theoretical energy densities as much as 10 times that of current lithium-ion batteries, lithium-air (or lithium-oxygen) batteries hold tremendous potential for storage of renewable energy and use in mobile devices and electric cars.
Goldman eyes $20 oil as glut overwhelms storage sites
• Telegraph"The world is floating in oil. The numbers we are facing now are dreadful," said David Hufton from PVM Group
Will 2016 Be The Year Of Wireless Energy?
Staffoilpricedotcom ErikWireless power has long been nothing more than a pipedream, but recent breakthroughs could provide the catalyst needed to spur the technology into widespread use
Why French Military Action In Syria Doesn't Affect Oil Prices
Staffoilpricedotcom ErikNow that France and its Western allies are more actively bombing IS oil smuggling operations, many wonder whether this will affect global oil prices, but the figures only point to one answer…
What The Paris Attacks Mean For Commodities Prices
Staffoilpricedotcom ErikThe latest offensive by the French military in Syria will not be enough to move the needle on oil prices, given excess supply still seen today but future escalations in the Middle East could impact production
Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry
Staffoilpricedotcom ErikWith the intensification of Saudi competition for market share in Europe, Russia has been forced to provide a bigger discount on its crude, worsening the country's economic outlook in the near term
Israel stakes claim to Golan after oil find
• JonathanCook.NetNetanyahu sounds out Obama on recognising annexation of Syrian territory as test drill promises energy independence
LNG Glut Set To Worsen Considerably Over Next 3 Years
Staffoilpricedotcom ErikAs demand for LNG in key nations such as China and Japan continues to disappoint, producers should be increasingly concerned about even more projects coming online and worsening the glut
Can Russia Withstand Saudi Onslaught In The European Oil Market?
Staffoilpricedotcom ErikRussia's oil industry is putting a brave face on things amid the price slump, but Saudi Arabia's recent incursion into the European market has put Rosneft on the defensive like never before
Groundbreaking Discovery: Man Solves Tesla's Secret To Amplifying Power By Nearly 5000%
• http://thefreethoughtproject.comThis technology and information can and will quite literally change the world overnight. Jim Murray needs your help to get his energy paradigm shifting information out to the public. Jim has been a student of Nikola Tesla's work for decades and he's
Would you exercise for an hour every day if the workout powered your home for twenty-four hours?
• http://www.trueactivist.comPeople often complain about the high costs of energy and the fact that they "never have time to workout." This invention certainly solves both conundrums.
The Middle East Could Face A Historic Crisis By Century's End
Staffoilpricedotcom ErikWhile low oil prices have threatened the economies of the Gulf States recently, over the longer term there are much greater and dangerous threats in the decades ahead…
Low oil prices could lead to energy shortages
• http://money.cnn.comLow oil prices could lead to global fuel shortages in the future, the International Energy Agency has warned.
World's largest second-use battery storage unit prepped for grid connection
• gizmag.comAs electric cars come towards the end of their life, they create a set of problems that you simply don't get with petrol cars - namely, getting rid of the batteries.
Political Climate Shifting Against The Oil And Gas Industry
Staffoilpricedotcom ErikWith increasing calls for climate change action, the newly launched investigation into Exxon and the rejection of the Keystone XL pipeline, the oil and gas industry is under rapidly mounting pressure
Saudi Arabia will not stop pumping to boost oil prices
• http://www.ft.comSaudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom's economy.
A mysterious electric-car startup is building a $1 billion factory in California
• http://www.businessinsider.comThe startup's name is Faraday Future, and it has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars. Four states are contenders and the company says to expect an announcement within weeks.
9th Grader Develops $12 Machine That Produces Renewable Energy From Ocean Currents
• True ActivistHannah Herbst designed an ocean probe capable of powering desalination pumps in third-world countries.
Canada's Oil Sector Cautiously Optimistic About Late 2016 Recovery
Staffoilpricedotcom ErikA recent drilling activity forecast session held in Canada by the PSAC once again highlighted the dire straits Canada's oil industry finds itself in at present and the uncertainty that lies ahead
New York investigating Exxon over climate statements: source
• ReutersThe New York attorney general has launched an investigation into whether Exxon Mobil Corp (XOM.N) misled the public and shareholders about the risks of climate change
North Dakota No Longer Attractive For Drillers Or Refiners
Staffoilpricedotcom ErikRefiners in the Gulf of Mexico are choosing to import international oil in favor of continuing with existing supply deals from drillers in North Dakota as they can longer compete on price
Oil Megaprojects Won't Stay On The Shelf For Long
Staffoilpricedotcom ErikFollowing third quarter earnings season, many of the world's largest oil and gas companies have decided to shelve the majority of their megaprojects, but how long will that option be viable for?
Bitcoin Doesn't Waste Electricity, It's Used for Security
• bitcoinmagazine.comA common criticism often thrown at Bitcoin is its heavy use of computing power, which in turn requires a large amount of energy.
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