The decision by the Trump Administration to launch missile strikes against Syria may affect oil markets. The Middle Eastern country broke international law established by the United Nations and the Geneva Conventions when it decided to use chemical weapons on rebels in the country – a banned form of artillery. The true outcome hinges on… Keep reading →
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Trump Roll Back of Clean Power Plan may not Affect Coal as Expected
By Michael VinciWhen President Trump signed the executive order rolling back the Obama-era Clean Power Plan, many people expected coal to rally – the intent of the executive order was to end the war on coal. However, some industry experts do not foresee a rally in the coal sector at all. This data comes from a survey… Keep reading →
The Demand for a New Atlantic Coast Pipeline
By Michael VinciA new pipeline may be in the works in the United States. Three states boast lawmakers who are pushing the Federal Energy Regulatory Commission (FERC) to approve the $5.1 billion Atlantic Coast Pipeline proposal, as put forth by Dominion. Environmentalists, of course, have said this pipeline is simply not necessary. Sixteen lawmakers from Virginia, West … Keep reading →
Congress Must Rein in the Regulatory State
By H. Sterling Burnett, Ph.D. - The Heartland InstituteBecause President Barack Obama was so prolific in using “a stroke of a pen” to create law through executive orders, thereby going around Congress to enact his policy preferences, President Donald Trump can undo many of those costly, harmful policies with his own signature, and he is doing so. Simultaneously, Congress has discovered its power… Keep reading →
Last week, President Trump signed an executive order effectively terminating the Obama-era Clean Power Plan, in keeping with a campaign promise to undo overburdening regulations slowly killing carbon-based jobs across the country. This rule was not without contention, however. Even the Supreme Court blocked the rule from implementation in 2016 after dozens of states voiced… Keep reading →
Controversial Keystone XL Pipeline Approved by President Trump
By Danielle IzzoFor years TransCanada has tried to have their Keystone XL Pipeline project approved by the U.S. government. Originally the proposal was denied by former President Obama, but after the election this year President Trump enacted an executive order bringing the proposal back to the surface. Since the projects reintroduction to the forefront of climate and… Keep reading →
How Political Landscapes are Shaping the Future of Renewable Energy
By Danielle IzzoBrexit, Donald Trump’s presidency, and fast approaching legislation expiration dates are leaving the EU, UK, and US wondering where the future of renewable energy technology is heading. In the US, a major player for renewable energy research and development, President Trump has expressed opposition towards research for climate change. Many fear that these feelings of… Keep reading →
Oklahoma’s former Attorney General has been confirmed by the U.S. Senate to lead the EPA in the face of heated debate, divisive controversy, and questionable loyalty. This week Senate confirmation hearings approved Scott Pruitt to serve as the chief of the EPA and left many disgruntled Democrats and environmentalists. Pruitt’s confirmation did not pass easily… Keep reading →
Danielle Izzo, Breaking Energy Staff
For the past two years oil prices have suffered because of excess supply. To respond to this slump, OPEC, in conjunction with other oil producing countries, came to an agreement that would ensure a reduction in the production of crude oil. As of January 2017, the agreement has gone into effect with strong support from participating countries.
According to the International Energy Agency reported that 90% of the countries in accord with the agreement have maintained support and participation. The price of the OPEC Reference Basket rose from $25 per barrel in 2016, to $52.40 per barrel in 2017 largely thanks to OPEC’s supply cut.
A new website is drawing attention to the fracking issue in a way that has never been done before. FrackFeed.com was recently launched by North Texans for Natural Gas, a grassroots program of over 110,000 people who support drilling in the Barnett Shale. It’s about educating the public on fracking, as well as exposing how… Keep reading →
