Last week we looked at the potential impacts on domestic energy production and U.S. households of two approaches to energy policy described in Wood Mackenzie’s new study. Today, let’s focus on jobs. Again, here’s Wood Mackenzie’s overview chart showing, side-by-side, the effects of pro-development energy policies (green column) and regulatory-constrained policies (red column): Note the… Keep reading →
The U.S. Interior Department is out with its Economic Report for Fiscal Year 2014 – which doesn’t sound like it would be a whole lot of fun reading. But the report actually contains some pretty important bits of information. For example, you get a clear sense that Interior Department activities support jobs and economic growth,… Keep reading →
China, the world’s largest energy consumer, saw its natural gas output fall 2 percent in May from the same period a year earlier, official data showed last week. Reuters said it’s the second straight month of declines as the market expects Beijing to announce an additional price cut for the fuel in the coming months to… Keep reading →
Solid bipartisan support for important energy legislation is on display in the U.S. Senate, with members of a key committee considering a number of ways to increase access to domestic supplies of oil and natural gas – as well as bills ending 1970s-era restrictions on U.S. crude oil exports. Energy security is about having secure,… Keep reading →
Ten years ago, one could find almost all the Nike shoes labeled as “made-in-China”, but today the word “China” is replaced by “Vietnam”. China is going through immense transitions. Its competitive advantage of cheap labor is gone. Its investment is slowing down to the extent that the export sector hit a record low in the… Keep reading →
The U.S. Energy Information Administration’s (EIA) new Annual Energy Outlook for 2015 contains a number of stats, charts and projections, but you could boil them down to a couple of important points. First, oil and natural gas are and will continue to be the foundation of an all-of-the-above energy approach that’s key to continued U.S.… Keep reading →
Global carbon dioxide emissions held steady in 2014 at 32.3 billion tons even though the global economy grew by 3 percent according to the International Energy Agency (IEA). This is the first year since the IEA began tracking carbon emissions 40 years ago that emissions have decoupled from economic growth. Previous instances where CO2 emissions… Keep reading →
The International Energy announced on Friday that while the world economy grew there was no increase in CO2 emissions in 2014. “This was “the first time in 40 years in which there was a halt or reduction in emissions of the greenhouse gas that was not tied to an economic downturn,” said the agency. Indeed,… Keep reading →
By continuing to delay the Keystone XL pipeline, President Obama continues to elevate politics over the pipeline’s merits and symbolism over acting in the U.S. national interest. Instead of giving the go-ahead to a project that would create good, middle-class jobs, boost the national economy and strengthen America’s energy security, the president talks about preserving… Keep reading →
Merry go round. Credit Shutterstock According to research by the Cologne Institute for Economic Research (Institut der Deutschen Wirtschaft Koeln) energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study – “Does Dependency Equal Vulnerability? Energy Imports in Germany and Europe” commissioned… Keep reading →
