Whether or not the price of crude has hit bottom, oil stocks are still likely to appreciate over the next few months, Wolfe Research Managing Director Paul Sankey said Tuesday. West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could head toward $70 in next year due to oversupply.… Keep reading →
Surging US natural gas production is increasingly bumping up against infrastructure constraints, and while billions of dollars of investment in incremental pipeline capacity has been announced, numerous challenges remain. Environmental concerns, pipeline opposition, regulatory uncertainty and financial challenges represent short-term headwinds to an industry with an optimistic long-term outlook. These are some of the findings… Keep reading →
Germany has put itself on the world map in the past decade as an early adopter of energy generation from renewable sources. In 2013, 25% of the country’s energy came from renewable sources – the highest percentage in the world. By 2050, as part of the country’s Energiewende (or “energy transition”), Germany expects this number… Keep reading →
As prices drop to around $80 per barrel, more attention is being focused on the mindset of Saudi Arabia, the world’s largest oil exporter. The 20 percent decline in oil prices over the past three months has been attributed to a wide range of factors, including declining growth in China, poor growth in Europe, and… Keep reading →
Whether scorched birds are a major issue at the Ivanpah Solar Electric Generating System in California is a matter of dispute. But the “power tower” solar plant and its owners – NRG Energy, Google and BrightSource Energy – might have an even more fundamental problem on their hands: generating adequate electricity. The Mojave Desert plant,… Keep reading →
In one of the more honest assessments of current Saudi Arabian oil policy, Rice University’s Jim Krane said there are several plausible reasons behind the Saudis’ apparently sanguine approach to falling global oil prices, but only a few within the Kingdom really know. “If you’re somebody who looks at geopolitics and energy, you could come… Keep reading →
From oil and natural gas to renewable energy, like wind and solar, the energy sector continues to expand, creating good-paying American jobs and helping to grow the U.S. economy. Yet beyond traditional energy jobs, many Americans are contributing to the energy economy by helping the U.S. build a cleaner, safer energy future. Energy.gov’s #EnergyJobs series… Keep reading →
You might recall previous entries (here is one) discussing the $2.9 million Dallas County verdict and judgment in Parr v. Aruba. Not all similar suits have the same result.
Michael and Myra Cerny sued Marathon Oil Corp. and Plains Exploration & Production Company, alleging, as in Parr, private nuisance, negligence, and negligence per se. As in Parr, among the allegations were:
continuous release of “ … strong odors and noxious chemicals into the environment, including the plaintiffs’ property, causing injury and harm to the plaintiffs’ property and to their persons;” and
health problems, including headaches, rashes, chest pain, “strange nerve sensations,” high blood pressure, nausea, difficulty breathing, and nosebleeds.
The main reason carbon emissions are unlikely to decrease in the short term? Coal. Leave it to Manhattan Institute Senior Fellow Robert Bryce to rain on the renewable energy parade. It’s not that he is anti-renewable energy, or even pro coal, but his analysis starkly demonstrates current energy fundamentals and projected trends, which are heavily… Keep reading →
Ever heard of the broken window fallacy? In economic circles, it’s a common parable used to dismiss arguments that damage – like the breaking of a window – has a silver lining: spending to fix the window boosts the window repairman, which boosts the folks who make panes of glass and so forth. In this video below,… Keep reading →
