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Shell CEO’s Oil Prediction Emphasizes Value of Clean Tech

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Everyone other than Donald Trump is convinced that renewable, clean energy is the way of the future. But Royal Dutch Shell CEO Ben van Beurden still managed to surprise the world by predicting that the change would happen by the late 2020’s. So what exactly does this mean for oil? Should investors start dumping it? Not exactly, but that idea isn’t wrong either

What Does the Shell CEO’s Prediction Mean?

According to Shell CEO Ben van Beurden, if technology continues to improve at its current pace, oil will reach its peak demand by the late 2020s or early 2030s at the latest. That’s far more aggressive than the International Energy Agency’s prediction, which sees oil peaking after 2040. What does van Beurden see that the IEA doesn’t?

Well, quite a bit, apparently. Or maybe he just sees the obvious writing on the wall. Even with OPEC cutting production, oil prices continue to drop as cars are becoming more and more efficient in regards to fuel. Hybrids are more effective than ever before, and electric vehicles are everywhere these days thanks to Elon Musk and Tesla making them cool.

Does that mean it’s time to give up on oil?

Not even a little bit. Even with all our progress in clean energy, the U.S. is still very much an oilcentric country. That’s not changing anytime soon. Even after demand peaks, there’s still residual demand. “Peak” simply means that it reaches its highest point, not that the demand simply vanishes and disappears.

However, given the surprising source of this extreme prediction for oil’s future, traders would be wise to start investing in the solution. Van Beurden supports the switch to cleaner power sources in order to achieve climate goals. That means Shell is already focusing on renewable energy solutions, and so should the market.

Here’s a video from Shell regarding CEO Ben van Beurden on Q2 2017 results:

Shares of Royal Dutch Shell plc (RDS-A, RDS-B) rose on the announcement, and should continue to do so. Van Beurden seems to have a plan for the future, which is critical. After all, what good is an oil company after oil isn’t being used anymore?

Chinese manufacturing company Foxconn Technology announced it will invest $10 billion in the U.S. Find out more here.

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Las Vegas Sands Once Again Recognized as World Leader for Climate Change

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Las Vegas Sands Once Again Recognized as World Leader for Climate Change
Image via Shutterstock

Las Vegas Sands has again been recognized by CDP, the international nonprofit environmental disclosure platform, on the Climate Change A List. This is the company’s fifth year in a row to attain a leadership position for Climate Change, a distinction shared by only 2% of disclosing companies.

“The CDP provides a comprehensive framework that continues to inspire us to become leaders in our industry and provide guidance for strategic direction,” Katarina Tesarova, senior vice president of global sustainability at Las Vegas Sands, said. “Among the thousands of companies that were scored this year, Sands is one of a very small number from around the world to make the A List. We’re proud to be recognized, and we will continue to work towards additional reduction of our environmental impact.”

Through Sands ECO360, the company’s award-winning global sustainability program, Sands has reached several environmental milestones, all contributing to its placement on the Climate A List. The iconic ArtScience Museum at Marina Bay Sands in Singapore is the first Asia-Pacific region museum to achieve LEED (Leadership in Energy and Environmental Design) certification, and The Parisian Macao achieved LEED Silver certification for newly constructed buildings – the first building in Macao to receive this distinction. Additionally, the implementation of 38 energy-efficient ECOTracker projects are expected save more than 48 million kilowatt hours of electricity every year, through LED lighting upgrades, energy savings campaigns focused on consuming less electricity and more.

Sands has participated in the CDP environmental disclosure platform since 2012, starting first with reporting on climate change initiatives. Achievement of the Climate Change A List highlights the company’s work towards cutting emissions, mitigating climate risks and building integrated resorts responsibly.

The company has also retained its leadership in corporate sustainability with its most recent recognitions on the Dow Jones Sustainability Indices (DJSI) and America’s Best Employers by Forbes.

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How to Keep Your Electric Bill Down This Summer

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How to Keep Your Electric Bill Down This Summer

Summer is the most fun time of the year– warm weather, beach trips, flowers in full bloom. But it also seems to be the time of year where the utilities cost the highest, especially electric bills. Electricity and cooling bills go up, sometimes an alarming amount, during the summer and it may seem impossible to get it back to normal. However, there are eight simple ways you can do to lower your bills during this warm season.

8 Easy Ways to Save on Energy

1. Turn the thermostat up or off

It may seem counterproductive to turn up the heat during the summer, but turning the thermostat up even a few degrees will help a lot with the bills. If you think you are up to the challenge, try turning your thermostat off, which is the best way to cut costs completely.

2. Open the windows

Especially if you turn your thermostat off as mentioned previously, opening the windows is another great way to get “free breeze” into the house. Opening windows will give your house airflow and fresh air to breathe while saving some money on your cooling bill.

3. Use natural light (or candle light)

It is very easy to flick on the lights and use them wherever you’re home whether during the day or night. However, really think before turning the light on to a room in the middle of the day. Is the sunlight enough light to help you do what you need to do? At night, you can try using candle light during dinner a few times to change up the setting, but also to cut down on some electricity costs.

4. Unplug electronics

Your electronics can use up electricity even when they aren’t turned on! Some electronics are energy suckers and just being plugged into the wall can be enough for them to “use electricity” even if they aren’t being used at that moment. Consider unplugging things such as a TV’s and game consoles before leaving the house or before going on trips. You would be surprised how much you will save doing this small tip.

5. Fully load your washing machine

Really use your washing machine to its fullest potential and fill it to the brim when washing clothes during the summer. Washing machines can hold a lot more clothes than we think they can and this also saves on your water bill since you will be using the washing machine less.

6. Consider blackout curtains

If you are trying to shut out the heat from the sun coming in through your windows during the summer, consider investing in some blackout curtains. These curtains will make a room much darker, but you will also save energy trying to cool a house this way.

7. Consider cutting back on TV time

Watching TV is a common summer pastime, but consider turning off the TV for a little while and enjoy the outdoors! Try going on a walk, playing ball, or doing things around the house outside. Entertaining yourself outside during the warm summer months is a great way to change up your routine while also saving electricity.

8. Get your AC checked

Getting your AC checked will help prevent the AC going out during the summer, but it will also help your bills as well. If the AC filter isn’t cleaned, the AC unit will need to use more energy to cool your house, which results in a higher bill. Having a professional clean and provide maintenance for your unit will help cut on bills and help your AC run more efficiently.

Every Little Bit Helps

If you are able to do everything in this list or just a few, great! Remember, even the little things that you do around the house matter. Try out any of these tips to help you cuts costs and trim your bill so you can have an enjoyable summer this season.

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Dakota Access Pipeline Just the First Step in Trump’s Energy Plan

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After months of standoffs between police and protesters, the Dakota Access Pipeline (DAPL) has been given the green light to finish its final phase. The U.S. Army Corps of Engineers has granted an easement allowing DAPL to cross under the Missouri River Reservoir, which the Obama administration denied. This comes after President Trump’s executive order for the army to speed up its easement decision. What’s next for Trump?

What’s Next for Dakota Access Pipeline?

The Army is abandoning its environmental study of the Dakota Access Pipeline and grant a permit for completion following Trump’s executive order to complete the pipeline. Republicans and the oil industry are thrilled as DAPL is now ready to move forward with construction of the 1,172 mile oil pipeline which will pump as many as 570,000 barrels of oil daily from North Dakota to Illinois. The status of the pipeline was in doubt for months as President Obama stopped the project in its track. Now, however, the project’s completion looks to be imminent.

The company behind the pipeline, Energy Transfer Partners, says the pipeline will be ready for commercial service by June 1st, needing only 83 days to complete the final section of the pipeline from the time it’s granted the easement.

But the real significance of this is that Trump is holding true to his America First Energy Plan. That means that more oil projects are soon to be under way for the U.S., including the Keystone XL Pipeline. Energy has been one of Trump’s promises since he announced his intention to run for president. Now, he’s seeing it through.

Watch the news from ABC News regarding as President Trump signs to move forward Dakota Access Pipeline:

From here on in, the country should expect more fracking, drilling, and oil, as Trump looks to reestablish America as an independent leader in the energy sector. The thought process here follows Trump’s isolationist policies, freeing the U.S. from foreign energy influences. Investors would be wise to continue trading energy and oil companies, especially shares of Energy Transfer Partners, L.P. (ETP), which ticked up on the day.

JPMorgan Chase just sealed a deal with China, find out more here!

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The statements, views, and opinions of any article, contribution, editorial, or advertisement in this publication are not necessarily those of The Capitalist or its editorial staff, and are not considered an endorsement, sponsorship, or recommendation of any referenced product, service, issuer, or groups of issuers.

This publication provides general information about certain subjects, and should not be construed or taken as advice (legal, financial, investment, tax, or otherwise). Do not construe or take any information in this publication as a solicitation, offer, opinion, or recommendation to buy or sell any securities, bonds, or other financial instruments or to provide any legal, financial, investment, tax, or other advice or service about the suitability or profitability of any financial instruments or investments.

The Capitalist disclaims any liability for the accuracy of or your reliance on any statements, views, opinions, or information in this publication.

 

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