Rapidly

Wind and solar power are growing rapidly and are forecast to supply about 1% of global energy demand by 2030, but fossil fuels will continue to dominate until then and beyond, executives with ExxonMobil International Ltd. and Royal Dutch Shell plc said last week.

Wind and solar power are growing rapidly and will supply about 1% of global energy demand by 2030, but fossil fuels will continue to dominate until then and beyond, executives with ExxonMobil International Ltd. and Royal Dutch Shell plc said Tuesday.

With June rapidly coming to a close minus excessive heat in most regions of the country, WSI Corp. warned last week that the July through September time frame might require a little more air conditioning for most parts of the country.

With June rapidly coming to a close minus excessive heat in most regions of the country, WSI Corp. warned Monday that the July through September time frame might require a little more air conditioning for most parts of the country, Referencing a 30-year normal standard from 1971 to 2000, the Andover, MA-based forecaster said it expects the period to average warmer than normal in all locations except for the Pacific coastal cities, parts of Texas, and the extreme northern tier of states.

The role of national oil companies (NOC) is changing rapidly and the collaboration that takes place among NOCs, international oil companies (IOC) and service companies is “in flux,” said Amy Myers Jaffe, who leads the Baker Institute Energy Forum at Rice University in Houston.

The role of national oil companies (NOC) is changing rapidly and the collaboration that takes place among NOCs, international oil companies (IOC) and service companies is “in flux,” said Amy Myers Jaffe, who leads the Baker Institute Energy Forum at Rice University in Houston.

With prospects rapidly improving to produce and transport oil and natural gas from the deepwater, energy companies are expected to spend between $3.4-5 billion on subsea processing systems worldwide between now and 2015, according to a joint study conducted by energy analysts Douglas-Westwood Ltd. and technology specialists OTM Consulting.

The healthy year-over-year natural gas storage surplus could be slimmed down rapidly this winter — putting upward pressure on natural gas prices — if the 2007 Farmers’ Almanac weather forecast holds up. “Shivery is not dead,” editor Peter Geiger said, alluding to the winter weather forecast in the latest edition of the 188-year-old publication.

The healthy year-over-year natural gas storage surplus could be slimmed down rapidly this winter — putting upward pressure on natural gas prices — if the 2007 Farmers’ Almanac weather forecast holds up. “Shivery is not dead,” editor Peter Geiger said, alluding to the winter weather forecast in the latest edition of the 188-year-old publication.