The U.S. portfolio of electric power plants will continue to shift in 2015, according to a federal assessment projecting that nearly 16 gigawatts (GW) of generating capacity will retire in 2015. Most of the capacity to be retired this year is coal-fired generation.
Consumers have felt some of the fruits of America’s energy revolution, API Chief Economist John Felmy told reporters in a pre-Memorial Day conference call. Felmy noted: Drivers are paying about $1 less per gallon of gasoline on average nationwide than they did at this time a year ago, according to AAA. Thanks to advanced hydraulic… Keep reading →
Insight for Industry – Energy Efficiency Improvement Act Will Reduce Energy Demand The Energy Efficiency Improvement Act of 2015, which President Obama signed into law on April 30, will add momentum to falling energy consumption per capita in the United States by reducing energy demand from commercial buildings, manufacturing plants, and homes. The relatively uncontroversial… Keep reading →
Just when it looked like Sino-American relations were finally starting to improve, new satellite images last week showed troubling developments. China has been building artificial islands on reefs in the Spratly islands in the South China Sea at an alarming pace. Not that this would be alarming news per se, but the reefs have been,… Keep reading →
On May 7, 2015, the US Senate voted 98-1 to adopt the Iran Nuclear Agreement Review Act of 2015 (the “Act”).1 The Act is the culmination of months of legislative maneuvering and a debate over foreign policy and separation of powers issues that has cut across ordinary political and partisan lines—notwithstanding the final vote.
Energy News Roundup: Obama Criticized Over Arctic, Antarctic Ice Shelf Collapse & Russia-Turkey Gas DealBy Conor O'Sullivan
President Obama has come under criticism over his plans to open up vast, untouched Arctic waters to oil and gas production while pursuing an ambitious plan to fight climate change. “As the first president to seriously tackle climate change, Mr. Obama has proposed aggressive new rules to cut planet-warming carbon emissions from the nation’s power plants… Keep reading →