Top 10 energy stories/ideas 2022 - BusinessWorld Online

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Top 10 energy stories/ideas 2022 - BusinessWorld Online
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OPINION | Top 10 energy stories/ideas 2022 By Bienvenido S. Oplas, Jr. READ:

Germany, the UK, France, Italy, etc. are not parties to the Russia-Ukraine war, they have no territorial dispute with Russia unlike Ukraine whose Crimea and Donbas regions are being claimed by both countries. But these European countries opted to cut their importation of cheap gas, oil, and coal from Russia and bought them elsewhere where prices are high, and transportation takes longer and is more costly.

As more countries push electric vehicles and plan to phase out gasoline and diesel engines in the future, the price of lithium, the main component for EV batteries, started rising much much faster than prices of oil 2022 was released last July. I computed the combined consumption of oil, natural gas, and coal in Petajoules by country and derived the PJ per million population, then the kilowatt-hours per capita.

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