Introduction to the 2011 Edition

Chinese Grid Operators Resist Plans To Boost Renewables To Power AI Authored by Charles Kennedy via OilPrice.com, Grid operators are concerned that the Chinese drive to hike the share of renewable electricity powering AI would raise the risks for power firms as peak demand at data centers is difficult to forecast. Industry analysts and officials have told Reuters that the Chinese strategic priority of having renewables power the majority of electricity demand at data centers by 2030 may not be feasible. “From what we understand, they (data centers) cannot really adjust power consumption load much,”...

Oil Slides As Qatar Touts 'Talks' Again; Iran Struck Large Crude Tanker Overnight Iran is said to have struck a Very Large Crude Carrier in the Strait of Hormuz late on Monday, signaling what will likely be the resumption of strikes on foreign vessels seeking to navigate the Strait of Hormuz, after last week's diplomatic talks at the UN failed to produce a breakthrough. Still, for the time being more oil is being shipped through the strait compared to where the situation was for the past many months of war. Maritime...

Prime Minister Benjamin Netanyahu said that Israel warned the UK that Iran was plotting an attack inside the country, appearing to link the warning to the arrest of five men outside RAF Fairford earlier this week.  Netanyahu was asked about the “recent scare” during an interview with Fox News on Wednesday. “We gave the Brits […]