The energy industry is a source of technological innovation and remarkable engineering. From the use of advanced machinery to extract previously inaccessible volumes of natural gas and shale oil to the management of global projects and the benefits of real-time intelligence, pioneers abound in one of the world’s most important areas of commerce and economic… Keep reading →
With gasoline prices lower than they’ve been in years, it’s easy to get complacent about weaning ourselves from petroleum. Sure, you might be spending less at the pump. But don’t forget the high cost our country pays for its over-dependence on oil – not just in terms of dollars, but in terms of national security, our economy… Keep reading →
Many people believe fossil fuels cause climate change. The science of that issue is not settled and, as an economist, I am not qualified to address multi-decade climatology. However, for those who believe public policy should address the matter, the strategy of attacking fossil fuel companies is profoundly wrong. As a part of the campaign,… Keep reading →
The electricity grid is set for a major transformation – arguably one of its biggest since the inception of the grid – and energy storage is going to play a center stage role. The radical pace of innovation is driven by governments, utilities and energy companies whose understanding and acceptance that the way energy is… Keep reading →
Hydraulic fracturing, or “fracking,” is a dynamic source of power – for oil and gas development, job creation and domestic energy independence. Its reach goes far beyond any physical depths in which advanced machinery and innovative means of extraction penetrate thick layers of rock. Its proliferation is a matter of fact, which depends on sophisticated… Keep reading →
Recently, the Australian Prime Minister Tony Abbott warned at the opening of the Caval Ridge coal mine in Queensland against the “demonization of coal.” According to the Sydney Morning Herald, PM Abbott stressed that “coal is good for humanity, coal is good for prosperity, coal is an essential part of our economic future, here in… Keep reading →
Seven billion people will live and work in urban areas by 2050 and the demand for energy for all these people will be huge. Local production of energy will be needed with building-integrated photovoltaics (BIPV) key to make cities at least partially self-sufficient with energy. Rapid development in thin film solar cell efficiency strengthens the… Keep reading →
Congress is currently involved in a highly polarizing and critical topic regarding America’s future: energy sources and the economic and environmental costs of our current regulations and policies. Several Senate and House committee hearings reflect this: hearing on “Laboratories of Democracy: The Economic Impacts of State Energy Policies,” “Modernizing the Business of Environmental Regulation and… Keep reading →
The US EPA recently unveiled its Clean Power Plan. This time it proposes carbon pollution emission guidelines for existing stationary sources; namely, electric utility generating units (EGUs). Owners or operators of fossil fuel-fired EGUs will be subject to carbon emission limits if the rule is implemented as currently proposed. It appears this plan constitutes the centerpiece of… Keep reading →
Environmentalists are Wrong about Port Ambrose LNG
By Edward DodgeThe proposed Port Ambrose deepwater LNG terminal near New York City has been denounced by environmentalists as a dirty and dangerous export terminal in disguise. The reality is that LNG is the safest and cleanest fuel available and natural gas is critical in efforts to eliminate air pollution and save lives in New York City.… Keep reading →