Expectations that we are on the verge of a global transition from fossil fuels to clean energy sources may be mistaken. “Humanity is not entering a period that will be dominated by renewables… investment in unconventional fossil-fuel extraction and distribution is now expected to outpace spending on renewables by a ratio of at least three-to-one in the… Keep reading →
The House passed the 2013 Nuclear Iran Prevention Act by a 400-20 vote facilitating broader economic sanctions and increased oversight for enforcing existing Iran sanctions. On July 31, 2013, the House of Representatives passed the 2013 Nuclear Iran Prevention Act (H.R. 850) aimed to impose tougher sanctions against Iran’s petroleum sector and other industries, in… Keep reading →
By Patti Domm U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile. Already running at their highest levels in six years, U.S. refineries are finding strong demand for diesel fuel, used widely in cars outside of the United… Keep reading →
The US Department of Energy announced conditional approval yeserday for 2 billion cubic feet per day of LNG exports from a proposed export project in Lake Charles, Louisiana to countries with which the US does not have a free trade agreement. This marks the third project obtain non-FTA export approval thus far. Proponents of unfettered… Keep reading →
The US Energy Information Administration’s “Today in Energy” publication, out this morning, sheds some light on the relationship between the energy sector and job growth. While the trend that it highlights is not new, especially to outfits like industry groups API and Independent Petroleum Association of America, what is different in this case is… Keep reading →
The unpredictability of renewable energy sources like wind and solar creates reliability challenges for utilities seeking to balance power supply and demand across centralized grid networks. Policies compelling energy providers to incorporate more renewable energy into their portfolios make the challenge more urgent, but also create business opportunities for companies finding solutions. Those who crack… Keep reading →
Chesapeake is giving up its leases in New York state. “The decision, expected to be finalized next week, is a sign of energy firms’ growing frustration over operating in the Empire State, where most drilling is on hold, and also an indication of how Chesapeake is reining in spending after years of aggressive acreage buying… Keep reading →
JPMorgan Chase & Co. has accepted a $410 million penalty to settle accusations of electricity market manipulations in California and the Midwest. On July 30, 2013, the Federal Energy Regulatory Commission (FERC) issued an order approving stipulation and consent agreement that requires JPMorgan Ventures Energy Corporation (JPMVEC) to settle allegations of electricity market manipulation in… Keep reading →
The closing of the American West just over a century ago was thought to be the end of a long chapter of human exploration that was as inspiring and enriching as it often was destructive and painful. New evidence that the far northern reaches of the globe are becoming increasingly passable and habitable means that… Keep reading →
In a new white paper on EVs, SoCal Edison reports that it encountered fewer grid problems than expected, though certain challenges remain. For years, we’ve heard the warnings that plug-in electric vehicles could overload power grids, disrupt utility business models, and leave their owners stranded at the side of the road with no charging… Keep reading →
