Adam Czyzewski

Archives for Energy

The summer of 2008 saw the price of Brent crude rise to its record high, reaching more than $144 per barrel on July 3rd, and some speculated it would continue growing. However, the price fell to below $40 in late 2008, having shrank 77 per cent over just six months. Last year on June 19th,… » read more

Posted by adamczyzewski

How is coal converted to electricity? Coal is first milled to a fine powder, which increases the surface area and allows it to burn more quickly. In these pulverised coal combustion (PCC) systems, the powdered coal is blown into the combustion chamber of a boiler where it is burnt at high temperature (see diagram below).… » read more

Posted by adamczyzewski

Last Thursday, I took part in the Energy Conference in Ústí nad Labem in the Czech Republic. During the debate, the panel discussion moderator asked me why Poland contested the EU climate policy for such a long time only to agree to the elevated emission reduction target. My answer was that I believed that it… » read more

Posted by adamczyzewski

Although the share of renewable energy sources is growing, fossil fuels, supplying more than 80% of global primary energy demand, play the dominant role. In 2011, fossil fuels, which include crude oil, coal and natural gas, met respectively 32%, 27% and 22% of global energy demand. In the power sector, proportions are different, with coal… » read more

Posted by adamczyzewski

The European Union has opened a debate on how to stimulate the European economy. In the meantime, preparations are under way for negotiations over the European climate and energy policy. In both cases, the debate is about how to encourage entrepreneurs to invest. The European Commission is working on a way to compel unwilling businesses… » read more

Posted by adamczyzewski

Uncertain times

Oil prices surprise us again as Brent falls to below USD 90 on Thursday (9/10). What is going to happen next? Will the downward trend continue? Or should we rather expect the prices to hit USD 100 and above again? The answer depends on the time frame of expectations. In the short-term perspective, three sources… » read more

Posted by adamczyzewski

After discussing the crude oil and fuel market mechanisms in our ‘ABC of the crude oil and fuel prices’ series, it is now time to have a closer look at another key business segment. I have chosen to focus on the power segment, which lies at the very centre of the energy sector both in… » read more

Posted by adamczyzewski