A new report from Brookings’ Energy Security Initiative adds more scholarly weight to the analytical case for lifting America’s decades-old ban on crude oil exports. Echoing earlier studies by IHS and ICF International, the Brookings research finds that allowing the export of domestic crude would stimulate more oil production here at home, provide broad economic benefits and strengthen U.S. energy… Keep reading →
In anticipation of the UN Climate Summit, the majority of media coverage around the event has been delivered from the perspective of industrialized and relatively wealthy countries. In an attempt to offer a new perspective, let’s take a look at international climate negotiations through the lens of a country that doesn’t always expect the lights… Keep reading →
When temperatures plummeted across the Northeast last winter, spot natural gas prices along the Eastern Seaboard spiked to eye-popping levels causing many to call for additional pipeline capacity. However, as is often the case with energy issues, the situation is more complex than it may first appear and constructing expensive long-term pipeline capacity may not… Keep reading →
For months now there has been much secrecy and mystery surrounding the location of electric car revolutionary Tesla’s new $5 billion Gigafactory. The factory will supply cheaper batteries for the company’s Model 3 electric car and will be large enough to manufacture more lithium-ion batteries than the entire industry produces now. Due to its sheer… Keep reading →
Energy News Roundup: 15 Governors Against EPA Carbon Rule, Pemex Spends $5.5B on Upgrades & US Oil Product Exports UpBy Jared Anderson
Fifteen governors penned a letter sent to the White House yesterday claiming the EPA’s proposed rule to regulate emissions from existing power plants is illegal. Several of these governors also climate change deniers. “Five of the states represented by those governors — Alabama, Indiana, Oklahoma, South Carolina, and Wyoming — are also part of a lawsuit filed… Keep reading →
WASHINGTON – The Energy Department announced today that it has issued the final authorization to Cameron LNG, LLC (Cameron) and Carib Energy LLC (Carib) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. The Cameron LNG Terminal in Cameron Parish, Louisiana… Keep reading →
Recently the United States and the EU imposed additional targeted sanctions against Russia in response to the ongoing conflict in Ukraine. Although previous sanctions issued by the U.S. and EU since March 2014 affect various sectors of the Russian economy, including Russia’s military industrial complex, the most recent sanctions target Russia’s financial and energy sectors.
Since March 2014, the United States has imposed visa bans on certain government officials and blocked property and interests in property of certain persons and entities that are stated to contribute to the situation in Ukraine. The most recent sanctions imposed restrictions on exports and re-exports of oil- and gas-related items for deepwater, Arctic offshore, or shale projects in Russia. These sanctions have been imposed primarily by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”).
Customer grid defection through self-generation and storage not good from societal point of view Utilities in the US and elsewhere facing rapid rise of solar PVs are more or less unanimous on two remedies to address the revenue erosion challenge facing them: First, reducing the incentives to self-generation and Second, increasing the fixed charges customers… Keep reading →
The Brookings Institute in Washington DC has come out in favor of lifting the U.S. ban on crude oil exports. Brookings hosted an event on Sept. 9 to unveil their new report titled “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports” written by Charles Ebinger and Heather Greenley and based… Keep reading →
Four energy companies have formed a joint venture to advance the proposed 550-mile Atlantic Coast Pipeline to transport Marcellus and Utica natural gas to Virginia and North Carolina. On September 2, 2014, Dominion Resources, Duke Energy, Piedmont Natural Gas, and AGL Resources announced a joint venture to build the proposed Atlantic Coast Pipeline to… Keep reading →
Energy News Roundup: Bakken Oil Flammability, Companies Vulnerable to Internal Threats and New LNG Export ApprovalsBy Jared Anderson
Members of the House Space, Science and Technology Committee discussed Bakken crude oil properties during a subcommittee hearing held as part of the effort to craft new rail tank car regulations. “None of these other oils are shipping in volumes that this Bakken shale oil is being shipped,” he [Timothy Butters, deputy administrator for the… Keep reading →