It was a record year for solar installations in the United States in 2012, boosting an industry still struggling with consolidation and bankruptcies.
Over 3.3 gigawatts of solar power were installed last year, according to a report Thursday from the Solar Energy Industries Association, a trade group. That’s enough to power about 500,000 homes, and it was a 76% increase from 2011. Keep reading →
Crude oil production in Alaska has been steadily declining for years with potentially dire consequences for the Trans Alaska Pipeline System and the state’s tax revenue base.
“Alyeska today is working to respond to the challenges posed by declining throughput. Throughput peaked at 2.1 million barrels a day in 1988. It has only steadily decreased since. In 2011, Alyeska on average moved about 600,000 barrels per day. With the lower flow levels, the crude oil takes longer to reach the Valdez Terminal – about 2 weeks, on average – and the oil is colder on arrival. The slower, colder oil has more potential for water and wax to settle and drop out, and as throughput declines further, the potential for ice to form during shutdown or flowing conditions increases,” according to operator Alyeska Pipeline Service Company’s website. Keep reading →
It’s been a long road, but the government-backed ZeaChem cellulosic ethanol demonstration plant in Oregon is finally turning out fuel.
The company announced the step this week, calling the Boardman plant “among the first operational cellulosic biorefineries in the world.” It’s a bit of good news in the seemingly illusory realm of ethanol made from non-food feedstocks, which have been slow to fulfill their promise of extricating the industry from the food vs. fuels debate. Keep reading →
China recently surpassed the US as the world’s largest net oil importer, as the US produces more and consumes less while Chinese demand steadily increases. US net oil imports have fallen from a peak of 13 million barrels per day in October 2006 to under 6 mmb/d in December 2012, according to a Citi research note issued February 28, titled “Milestones Toward US Energy Independence – Alert: US net Oil Imports Plummet to Second Place Behind China.”
“Meanwhile, since China flipped from a net exporter to a net importer of oil in 1993, its net oil imports have risen steadily to 6.3 mmb/d in January 2013, just under last May’s peak,” the Citi analysts said in the note. Keep reading →
The Keystone oil pipeline may have won approval from Nebraska’s governor Tuesday, but the final decision rests with President Obama.
And after the heavy emphasis on climate change in his inaugural speech Monday, analysts say Obama is likely to feel even more pressure to reject the pipeline. Keep reading →
With Secretary of Energy Steven Chu set to depart his post in the coming weeks, many are watching for clues as to who President Obama will pick to be his successor. Some hope for a more industry-friendly pick, such as Duke Energy’s CEO Jim Rogers. Environmentalists have been pulling for names like Tom Steyer, billionaire investor and cleantech enthusiast, or John Podesta, head of the Center for American Progress. Considering Secretary Chu’s struggles with Congress, many want a more politically-adept pick like former Senator Byron Dorgan (D-ND).
Whomever President Obama chooses, the nominee will be critical in laying out the energy agenda for the next four years. Keep reading →
Last October, Lux Research analyst Edward Cahill wrote: “As hype for [high concentration photovoltaics] dwindles, companies are starting to look into low concentrating PV (LCPV) as an intermediate technology between expensive, highly efficiency HCPV and cheap, less efficient flat panel PV.”
Just a few months later, low concentration photovoltaics has a big new project to hang its hat on, the world’s largest LCPV project in the world, in fact: A 4.1-megawatt ground-mounted array with tracking at the U.S. Army’s White Sands Missile Range in New Mexico. Keep reading →
Last year was significant for the sustainable industries, marked by the rise of natural gas, the decline in renewables, and debates on energy policy issues surrounding the election. Despite the uncertainties of where the market is headed, we expect to see an uptick in investments and deals across the natural gas, energy efficiency, and smart grid sectors over the next year. In 2013, we predict that the energy efficiency will be active with the continued growth of IT, but the natural gas sector will be the center of major investor attention. In the coming months, we also believe that our country will move towards a formal, comprehensive energy policy.
2013 predictions for the Energy, Environment, and Applied Technology Sectors: Keep reading →
It is an urban myth that if the oil industry drilled more, gasoline prices would decrease. The myth relies on the premise that as more oil supplies are introduced, market forces would take over and domestic prices would fall. But it turns out that increasing domestic production has virtually no effect on gasoline prices.
The US already increased production. According to the Energy Information Administration (EIA), US oil production reached 310,403,000 barrels per month in October 1970 that became the historic peak. Ever since that time, production changed course and it has been in a steady decline. By 2005, production sank more than 50 percent to approximately 150,000,000 barrels per month. The bottom was reached in September 2008 when production sank to 119,477,000 barrels per month. Since then, for the first time since the 1980’s, monthly production changed direction and it has been trending upward. Last July, the US touched a new record of 196,405,000 barrels per month, a production level the US has not witnessed for over a decade. Keep reading →
Does the US actually need more natural gas storage to accommodate rising production, or can it ‘finesse’ the storage it has to better balance shifting supply and demand fundamentals? The recent head of Ranger Midstream describes a revolutionary approach for a key sector in this video from a recent US Association for Energy Economics summit.
Storage is an essential but often unglamorous portion of what makes up a commodities market, and the history of the energy business – as is noted in this video – proves that storage access and storage infrastructure can impact outcomes for the more visible production and demand parts of the business. Keep reading →
