The World Needs to Quit Coal. Why Is It So Hard?
November 24, 2018 | Scientific American | Somini Sengupta
Moving away from coal-fired power is crucial to achieving carbon emissions targets worldwide, but coal is what Sengupta calls “a powerful incumbent.” Last year, global coal consumption and production actually increased. Abundant, cheap, and compatible with existing energy infrastructure, coal remains an appealing option for many corporations and political entities despite its devastating environmental impacts. Asia is leading the coal expansion effort, with China, consumer of half the world’s coal, at the helm with new coal projects in 17 countries. -AD
Crude Just Had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump
CNBC | December 2, 2018 | Keris Lahiff
Last month, oil prices fell to the lowest in a decade in the wake of President Trump’s sanctions against Iranian oil and decreased exports to China as a result of the ongoing trade war. The Organization of Petroleum Exporting Countries (OPEC) will decide its next move at a meeting on Thursday, though it’s suspected that they will pull over a million barrels from the market in an attempt to restore prices. What happens depends on whether Saudi Arabia heeds Trump’s request to keep production open. Though Saudi Arabia will most likely act in their own economic interest, some countries are hesitant to cut production for fear of losing their market share. -AA