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Exxon Mobil Corp XOM

Alternate Symbol(s):  N.XOM

Exxon Mobil Corporation is an international energy and petrochemical company. Its primary businesses include exploration for, and production of, crude oil and natural gas; manufacturing, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a variety of specialty products; and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels and lithium. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products include fuels, aromatics, and catalysts and licensing. Its Chemical Products consist of olefins, polyolefins, and intermediates. Its Specialty Products include finished lubricants, synthetics, and elastomers and resins. It also focuses on net-zero greenhouse gas emissions from its operated unconventional operations in the Permian Basin.


NYSE:XOM - Post by User

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Post by bc4uon Feb 06, 2013 2:36pm
49 Views
Post# 20947819

Wind Power Breaks Records In Spain — Produces More

Wind Power Breaks Records In Spain — Produces More

Wind Power Breaks Records In Spain — Produces More Electricity Than Any Other Source For 3 Months, & Breaks 6 TWh in January

February 6, 2013 Zachary Shahan

Denmark, the US, and Germany aren’t the only countries breaking wind power records these days. Spain is also a notable leader seeing strong wind power growth. In fact, it just saw its wind farms produce more electricity than any other source for a 3-month time period, for the first time ever.


Wind turbines in Spain via Shutterstock

“Since Nov. 1, wind has been the top technology in the electrical system,” the Spanish Wind Energy Association (SWEA) was quoted as writing on its blog.

Additionally, data from grid operator Red Electrica de Espana concluded that 6 terawatt-hours (TWh) of electricity had been generated from wind in January, another first for the country. “The last time any technology exceeded 6 terawatt-hours of monthly generation was in 2010, when it was combined-cycle gas turbines,” SWEA added.

In total, SWEA noted that 6 TWh of electricity was enough to power “enough to cover the electricity consumption of the majority of Spanish households” and that it “could cover the annual electricity consumption of countries like Honduras and Bolivia.” Pretty astounding. Wind power has certainly come a long way in the past decade or so!

One more interesting fact from the SWEA blog is that the Spanish economy has gained €3 for every €1 of wind power incentives it has given. In other words, while Spain is suffering through some difficult economic times, wind power subsidies have had a positive net effect that has kept the country in a better situation than the one in which it could have landed.


While Spain hasn’t hit 30% of electricity consumption like Denmark, it’s now up to about 25%, and it aims for 40% by 2020.

Two final stats of the day: 1) on the whole, 70% of Europeans think that renewable energy sources should get priority in the coming 30 years; and 2) 81% of Spaniards think so (only behind Portugal, and tied with Germany, Denmark, and Austria).

https://s.tt/1zrdb

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