IHS

Wind Rush: US Industry Hurdles Towards A Cliff Without Production Tax Credit

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If the US wind industry were a patient, any doctor would give it a clean bill of health… until the end of 2012. The prognosis for 2013 could be near-terminal as the Production Tax Credit is due to expire at the end of 2012.

“The goal of the tax credit: is the more we build the cheaper it will become. That has been borne out over time,” says Richard Caperton, a senior policy analyst with the energy opportunity team at Center for American Progress. “Wind is a very healthy industry that is viewed as a mainstream investment by utilities. It’s been very effective.” Keep reading →

 /  Published November 14, 2011 at 4:00 PM

Wind Rush: Clean Revolution Changes Global Power Industry Dynamics

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A wind rush is sweeping the world, with record installations planned for this year and next. This June, worldwide wind capacity reached 215 GW, a rise from 17.4 GW in just a decade.

“It’s come a long way in terms of installed capacity, geographic diversity, the maturity of the technology, and the size of the turbines. Growth has been dramatic, with scope for further growth on- and offshore,” says Brian Smith of the National Wind Technology Center at the National Renewable Energy Laboratory, and former chair of the International Energy Agency executive agency on wind. Keep reading →

 /  Published November 14, 2011 at 11:45 AM

Low Prices Spark Warnings Of Industry Consolidation

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Low natural gas prices are likely to persist in the US, which could prompt a new wave of oil and gas asset deals, and potentially industry consolidation.

Robust drilling activity, ongoing productivity gains, a backlog of wells awaiting completion, continued joint venture capital infusions, and hedging activities are all helping to sustain an oversupply of natural gas in the US, said R. Dean Foreman, chief economist, planning and commercial for independent Talisman Energy at the IHS Herold Pacesetters Energy Conference. Read more on the conference: Drilling Advances Trigger Tight Oil Renaissance. Keep reading →

 /  Published September 28, 2011 at 6:00 AM

Drilling Advances Trigger Tight Oil Renaissance

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Technological advancements in oil and gas drilling have rejuvenated the US and Canadian onshore oil and gas sectors, but above-ground risks may impede rapid production growth.

Widespread use of drilling techniques such as horizontal drilling and hydraulic fracturing in shales and other geologic formations have shifted the outlook for North American natural gas supply, and proved more applicable to onshore oil production, as well. Keep reading →

 /  Published September 27, 2011 at 8:00 AM
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