China sees the atomic energy boom with the number of nuclear power stations in the mainland soaring. However, the Celestial Empire harbors a more ambitious goal seeking to boost the construction of China-made atomic stations abroad, commentators told Sputnik, shedding light on Beijing’s competitive advantages. Continue reading What’s Behind China’s Breakthrough in Atomic Energy Production
Nuclear power is making a debut in Saudi Arabia as it is entertaining bids for building 16 nuclear reactors over the next decade, at a projected cost of $60 billion. As everyone knows already, the fiat dollar derives its perceived value from the fact that OPEC cartel members, including Saudi Arabia, committed themselves to accepting only the dollar and nothing else. Continue reading Saudi Arabia Divesting from Petrodollar to Nuclear Energy Based Economy
Fully loaded oil tankers are anchored in ports worldwide, while solar panels are getting cheaper by the day as global competition heats up.
The global energy reset has begun.
To underscore the BRICS’s fundamental goals of establishing three development banks to support its “One Belt, One Road” intercontinental economic initiatives, one of its banks, i.e.
the New Development Bank, approves loans for the first time, and these are for renewable energy projects in South Africa, Brazil, India and China.
We have been following how the BRICS would implement their ambitious free energy transition from fossil fuels, and over the last weekend, March 31 to be exact,
China announced that it is planning to interconnect all existing and soon to be constructed solar farms for continuous power supply throughout the globe.
Royal Dutch Shell, the UK’s largest oil company, only scraped in $3.2 billion profit in the first three months of 2015, a near 60 percent drop from $7.3 billion the oil behemoth earned during the same period last year.