Saudi Arabia stood accused on Tuesday of trying to wreck the Paris climate summit in order to protect its future as one of the world’s largest oil producers. [The Guardian] The American Legislative Exchange Council has suffered the loss of another major corporate sponsor with American Electric Power announcing it will no longer provide the… Keep reading →
The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →
The Price Picture: The global oil market has seen a continued growth of production while demand has remained stagnant over past year, leading to a steady drop in prices over the past 15 months, aside from a short-lived upward tick in the second quarter of 2015. As prices have fallen from above $100/barrel in July… Keep reading →
BP’s application to drill in the Great Australian Bight has been rejected after it fell short of environmental standards. [The Guardian] The sixty percent decline in oil prices in the past year has put a damper on energy sector mergers-and-acquisitions, except in a couple of cases within the sector. [Forbes] Energy Transfer Partners LP has… Keep reading →
Hillary Clinton’s campaign on Thursday unveiled a $30 billion plan to help coal communities rebound as the clean energy economy develops. [Fox News] Energy companies from Australia to China tumbled Friday as falling commodities prices stoked fears over the global outlook. [Yahoo News] AutoGrid Systems, a demand response software company based in Redwood City, said… Keep reading →
Hilary Clinton has outlined her proposed create climate change agenda with Canada and Mexico centered around clean energy investment. [The Guardian] Scientists have estimated that breaking Arctic permafrost could contain 1,700 gigatons (which is equal to 1.7 trillion tons) of carbon, accelerating climate change. [The Washington Post] Oil prices fell back into the red on… Keep reading →
Home energy storage is entering a new era as advanced lithium-ion chemistries are offering longer life-spans that could soon flood the market. [MIT Technology Review] The default rate among U.S. energy companies has accelerated in recent months to 4.8%, the highest level since 1999 and up from 3.3% in August, according to Fitch Ratings. [WSJ]… Keep reading →
There has been plenty of volatility in the oil price this year, but the general direction of travel has been only one way – down. After a close to 6 percent rise in the WTI oil price to $47.15 on Wednesday, traders are increasingly optimistic that oil may have hit its lowest level of the… Keep reading →
The impending end to the four-decade long Crude Oil Export Ban took on another layer of inevitability last week when the proposal passed through the House’s Energy and Commerce subcommittee on energy and power. These significant victories for supporters of lifting the ban bring the vote closer to the House floor where it will presumably… Keep reading →
State Governments have revealed renewable energy’s potential may be understated as utilities look at batteries and new pricing strategies to prevent overloads from wind and solar power. [WSJ] Duke Energy, Gov. Pat McCrory’s administration and a group of environmental organizations have agreed to resolve lawsuits state environmental regulators brought against the company over leaking ponds… Keep reading →
