Soon to Come, Storing Renewable Energy for Later Use

Soon to Come, Storing Renewable Energy for Later Use

energy storage typesCurrently, the amount of electricity produced is restricted according to the production capability of the power grid. During peak usage times, the grid is taxed to the max, making it more vulnerable to failure. This supply versus demand system supports the high energy costs that we as consumers are faced with. What if energy could be caged and stored for future use?
The technology is already in place for energy storage, but currently is an expensive process. The hope is that the practice will grow in efficiency and eventually be in widespread operation.
The process works by storing the unused electricity made from renewable sources such as solar energy and wind during off-peak times, and then supplementing the power grid during peak usage time. According to Lawrence Gelbien, vice president of technology at the utility company NStar “storage units could be deployed in place of installing more ‘wires and poles’ in a place that isn’t served with enough electricity to meet demand for only a few days of the year. Because storage devices are movable, they could be redeployed in other places after a few years as the need arises.” (Energy Storage Coming to a Grid Near You, CNet News.com.)
Also under the umbrella of electrical storage for household consumption is storing it and converting it to fuel for transportation. With the recent high fuel prices, the government is finally taking a closer look at alternatives such as energy storage. Hybrid electric vehicles (HEV’s) can use the high energy of stored electrical energy for fuel. In order for these vehicles to become more efficient and affordable for all Americans, energy storage must become more efficient and practical.
The encouraging aspect to our energy problems is that our government is finally forced to allocate more resources toward developing new technologies. Hopefully, this will lead to more renewable energy resources and more eco-friendly options.

Crude Oil Reserves in Italy

According to the Oil and Gas Journal (OGJ), Italy had proven crude oil reserves of 622 million barrels in 2006, the third-largest in the EU behind the UK and Denmark. The country consumed 1.8 million barrels per day (bbl/d) of oil in 2005, a 3 percent decrease from the previous year. A general slowdown in economic growth was the principle cause of the decline in oil consumption. Italys domestic oil production in 2005 (total liquids) was 155,000 barrels per day (bbl/d), sufficient to meet only 9 percent of domestic oil needs. As a result, according to Eurostat, Italy imported 1.8 million bbl/d of crude oil in 2005, with the largest sources of these imports being Libya (25 percent), Russia (23 percent), and Saudi Arabia (13 percent).
Eni is the largest oil and natural gas company in Italy. In 1992, the Italian government passed legislation to transform Eni from a wholly state-owned enterprise into a joint-stock company. The government has slowly reduced its holdings in the company since the 1990s, but it still remains the single-largest shareholder with about one-third of total shares. In 2005, Enis global hydrocarbon production (including liquids and natural gas) amounted to 1.7 million barrels of oil equivalent per day (boe/d), making it one of the largest oil and gas companies in the world. The companys hydrocarbon reserves totaled 6.8 billion boe in 2005, spread throughout the globe.

List of countries by oil consumption

List of countries by oil consumption

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Daily oil consumption by region from 1980 to 2006
This is a list of countries by oil consumption mostly based on The World Factbook [1].
Rank↓ Country/Region↓ Oil - consumption
(bbl/day)↓
Date of
information↓
-  World 85,980,000 2008 est.
1  United States of America 18,690,000 2009 est.
-  European Union 13,680,000 2007 est.
2  China 8,200,000 2009 est.
3  Japan 4,363,000 2009 est.
4  India 2,980,000 2009 est.
5  Russia 2,740,000 2009 est.
6  Brazil 2,460,000 2009 est.
7  Germany 2,437,000 2009 est.
8  Saudi Arabia 2,430,000 2009 est.
9  Korea, South 2,185,000 2009 est.
10  Canada 2,151,000 2009 est.
11  Mexico 2,078,000 2009 est.
12  France 1,875,000 2009 est.
13  Iran 1,700,000 2009 est.
14  United Kingdom 1,669,000 2009 est.
15  Italy 1,537,000 2009 est.
16  Spain 1,482,000 2009 est.
17  Indonesia 1,115,000 2009 est.
18  Australia 946,300 2009 est.
19  Netherlands 922,800 2009 est.
20  Taiwan 910,000 2009 est.
21  Singapore 878,000 2009 est.
22  Venezuela 740,000 2009 est.
23  Iraq 687,000 2009 est.
24  Egypt 683,000 2009 est.
25  Argentina 622,000 2009 est.
26  Belgium 608,200 2009 est.
27  Turkey 579,500 2009 est.
28  South Africa 579,000 2009 est.
29  Poland 545,400 2009 est.
30  Malaysia 536,000 2009 est.
31  United Arab Emirates 435,000 2009 est.
32  Greece 414,400 2009 est.
33  Pakistan 373,000 2009 est.
34  Hong Kong 359,000 2009 est.
35  Thailand 356,000 2009 est.
36  Ukraine 348,000 2009 est.
37  Sweden 328,100 2009 est.
38  Algeria 325,000 2009 est.
39  Kuwait 320,000 2009 est.
40  Philippines 313,000 2009 est.
41  Vietnam 302,000 2009 est.
42  Colombia 288,000 2009 est.
43  Libya 280,000 2009 est.
44  Nigeria 280,000 2009 est.
45  Switzerland 280,000 2009 est.
46  Chile 277,000 2009 est.
47  Austria 273,700 2009 est.
48  Portugal 272,200 2009 est.
49  Syria 252,000 2009 est.
50  Kazakhstan 241,000 2009 est.