Wave energy recently reached a new milestone in the United States: The first testing site for large-scale electricity production has been approved in the country. The site, called PacWave South, is located off the Oregon coast and will be used by various companies to determine the viability of their wave energy converters (WEC). The goal of the site is to determine which wave energy technologies can be adapted for full-scale commercial use.
The Middle Eastern kingdom of Saudi Arabia owns around 16 percent of the world’s proven petroleum reserves and is the second-largest member of the Organization of the Petroleum Exporting Countries. On Jan. 5, Saudi Arabia announced that it would unilaterally cut 1 million barrels of crude oil production a day starting in February. The decision was made to benefit Saudi Arabia’s economy and that of its partnering countries by increasing oil prices as a response to the weakened global economies caused by the COVID-19 pandemic.
