On Tuesday, EPA issued a Notice of Data Availability, requesting further comment on some specific issues that have been raised since it published its draft Clean Power Plan in June. My immediate reaction? My head hurts.
The movement to natural gas-fired and renewable energy solutions for U.S. power generators is continuing its rapid march. Utilities are aligning their generation portfolio assets to address increased federal regulations concerning cross-state air emissions, proposed carbon emissions rules and surface water regulations, as well as renewable portfolio standards. These trends were evident from the results of the 2014… Keep reading →
Energy Quote of the Day: ‘Highly Unlikely that Global Carbon-dioxide Emissions Will Fall Anytime Soon’By Jared Anderson
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 →
Energy News Roundup: Railroads Benefiting From Frack Sand, EPA Sued Over RFS and Masdar to Build GCC Wind FarmBy Jared Anderson
Union Pacific Railroad just announced handsome Q3 profits driven in large part by the US energy boom. Although crude oil shipments were down from the corresponding period last year, shipments of sand for hydraulic fracturing operations have been strong. Less expensive diesel fuel also helped the rail company’s bottom line. “Today you’re seeing lots of… Keep reading →
Energy Quote of the Day: ‘Consumers, Not the Federal Government, Should Determine What Goes in their Cars’By Jared Anderson
The always-ugly battle between US oil refiners and the biofuels industry over EPA’s renewable fuel standards heated up again today when 31 oil executives sent a letter to President Obama urging EPA to stick with fuel blending volumes proposed last November. The proposal aims to find a balance between encouraging the continued growth of the… Keep reading →
On September 17, 2014, the Senate Committee on Finance held a hearing titled “Reforming America’s Outdated Energy Tax Code” to discuss possible reforms to the U.S. energy tax policy. Senate Finance Committee Chairman Sen. Ron Wyden (D-OR) underscored the need for predictable, level playing-field tax policy that puts renewables on the same footing as other… Keep reading →
Energy, Petrochemical & Natural Resources
Action item: To avoid and discourage duplicative and unnecessary federal oil and gas regulations, oil and gas operators should resist federal efforts to federalize hydraulic fracturing regulations and should actively engage with state regulators to craft innovative and practical regulations at the state level.
Historically, states have taken the lead in regulating oil and gas development given the states’ primary interest in securing rational oil and gas development in their own boundaries. Hydraulic fracturing—a 60-year-old technology used for oil and gas development—is a temporary process of pumping fluids underground for the purpose of extraction of natural gas or oil from deep formations lying 5,000 to 8,000 feet or more below the surface. Fresh groundwater is located from about less than 600 feet below the surface. Hydraulic fracturing has been practiced routinely for decades by operators in many states, including New York.
Energy News Roundup: EPA Pressured to Regulate Aircraft Emissions, BP Ruled Grossly Negligent and Saudi Oil Sales to US DownBy Jared Anderson
Citing pressure from stakeholders and legal proceedings, the EPA said Thursday it’s moving forward with an endangerment finding regarding aircraft emissions that account for an estimated 11% of US greenhouse gas emissions. Proving pollutants from aircraft engines are a danger to the public is the first step in crafting enforceable limits to regulate those emissions.… Keep reading →
Cleaner air, more American jobs: that’s a potential reality for the U.S. if it acts to curb emissions of methane, a powerful greenhouse gas emitted from oil and gas systems around the country. It’s a significant opportunity, and it’s one California Congresswoman Linda Sánchez encountered first-hand when she toured a Cerritos manufacturing plant last week. “I am… Keep reading →
Louisiana is an important energy-producing state – the country’s No. 2 crude oil producer at nearly 1.45 million barrels per day when federal offshore output is included. The state also is No. 2 in petroleum refining capacity. Energy development is boosting Louisiana’s economy. Oil and natural gas extraction, refining and the pipeline industries support 287,000 state… Keep reading →