A Record Ride on New York’s Subway
Matthew Ahn has set a new record for the fastest time to travel to all New York City subway stations – 21 hours, 28 minutes and 14 seconds. We rode along with him for his record-breaking trip.
Compliance costs undermining the goal of the US Renewable Fuel Standard: Fuel for Thought
The system devised to force compliance with the US Renewable Fuel Standard appears to be backfiring, forcing refiners to spend more on buying increasingly expensive credits than actually blending renewables into the nation’s transportation fuel.
District of Columbia raises renewable portfolio standard target to 50% by 2032
(Mon, 29 Aug 2016) The District of Columbia (DC) increased and extended its renewable portfolio standard (RPS) target from 20% by 2020 to 50% by 2032. The target includes a separate solar-specific target of 5% by 2032, an increase and extension from 2.5% by 2023.
South Crofty: The tin mine that wouldn’t die?
An update from Cornwall caused barely a ripple in the global tin market, but it nevertheless represents a potential new instalment in a very old story stretching back over two millennia.
OPEC members' net oil export revenue in 2015 drops to lowest level since 2004
(Fri, 26 Aug 2016) Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. These earnings represent a 46% decline from $753 billion earned in 2014. Although these net export earnings include Iran's revenues, the net export revenue is not adjusted for possible price discounts that Iran may have offered its customers between late 2011 and January 2016, when nuclear-related sanctions targeting Iran's oil sales were in place.
Why marine credit managers are losing sleep
With shipping markets in the doldrums, Bunker Bulletin caught up with several marine fuel industry credit VIPs and asked them what keeps them up at night.
Monthly U.S. renewable electricity generation in 2016 surpasses previous years
(Thu, 25 Aug 2016) Renewable electricity generation has surpassed levels from previous years in every month so far this year, based on data through June. Both hydroelectric and nonhydroelectric renewables have contributed to this trend, but in different ways. After a lengthy West Coast drought, hydro generation has increased and is now closer to historical levels. Nonhydro renewable generation continues to increase year-over-year and has exceeded hydro generation in each month since February 2016.
As Japan and South Korea import less LNG, other Asian countries begin to import more
(Wed, 24 Aug 2016) Japan, South Korea, and China are the three largest importers of liquefied natural gas (LNG) in the world, accounting for more than half of global LNG imports in 2015.
Dry bulk market marked by sharp divergence of views
Positive vibes in the market, it seems, is still unable to lift the mood of the Capesize market.
‘Value not volume’ the new mantra as iron ore majors slow down
Things have changed in the land of the red dust.