Ok back in Oslo so hopefully can make this a more regular report again. I found it very difficult to find a few hours to put these together while on the road. But I did collect a number of older articles just in case you may have missed them over the past month. They will be sprinkled in with other news from this week.
As someone who has studied China for many years, one particular news item caught my eye this week:
The lead photo I think explains perfectly why this is a concerning issue for the energy sector in Brazil
Investors do not get that excited about an auction unless they know their bid just made them a lot of money. In particular, China’s State Power Investment Corp. aims to profit considerably from their bid for control over the 40 year old São Simão dam, which produces 1,700 MW for the Brazilian grid. It is always risky for a white American to point out the neo-colonial ambitions of China’s state owned enterprises, but recent research critical of China’s various projects in Africa tend to show that is exactly what is happening. This is true globally, particularly from the perspective of energy resources. Being aware of China’s influence over the energy market is important, but we should consider how Chinese state owned enterprises are also changing energy politics around the globe. It is important to recognize the colonial atrocities that were perpetrated against China, but there is no reason this classic cartoon should not be redrawn. China now holds their own knife over the “energy pie” if you will.
And this article just makes all this talk of Blockchain technology used for energy audits confusingly circular….we use blockchain technology to audit energy so that we can efficiently create a currency that uses blockchain technology…aaaahhhh!
This sounds like a fascinating technology but one that would desperately need a lot of study to make sure nothing goes wrong. For those who can access articles behind a paywall see this report from Nature Communications
While gasoline demand might be shrinking, it will be interesting to see if car sales decrease. There is a great deal of social capital wrapped up in cars in Asia, but even before the “bike sharing boom” it was not unusual for the car to simply be parked at one’s home and used only when necessary (to exhibit one’s social capital, naturally).
So now Iraq, Iran and Turkey are attempting to constrain Kurdistan independence by attempting to control their oil revenues. Very crucial to see how other state governments and corporations react to this.