Global energy demands are at an unprecedented high and still growing. Global demand for electricity is projected to grow over 70 percent by 2035. And here in the US, the demand for electricity is projected to grow 22 percent by 2035. Finding energy sources to power our growing population and economy and meet that demand cleanly and responsibly… Keep reading →
Natural gas production gains spurred by the unconventional revolution upended long-held beliefs about resource scarcity in the US, leading to calls for exports. And the rise in US unconventional crude production has led to similar calls for exporting oil. “Federal lawmakers should overturn the ban on exporting crude oil produced in the United States,” said Blake… Keep reading →
JP Morgan may be on the verge of the largest payment ever to the Federal Energy Regulatory Commission, at close to $1 billion, related to allegations that the bank manipulated electricity markets in California and the Midwest. The deal is not yet finalized, but the conversations highlight an increasingly aggressive stance taken by a little-known… Keep reading →
The U.S. military has said time and again that moving away from a reliance on fossil fuels is in its best interest, for energy security reasons and as a matter of keeping troops safe. Despite this, such efforts – particularly on the biofuels front – have caught flak from Republicans in Congress. But President Obama isn’t backing off, or so it… Keep reading →
Extreme weather and climate change are significant business risks, but businesses are in the dark when it comes to both reliable data and appropriate tools to manage those risks, according to a report from the Center for Climate and Energy Solutions (C2ES). Of companies included in credit rating agency Standard & Poor’s Global 100 Index,… Keep reading →
The US may be at the forefront of the shale revolution, but in a list of countries where above-ground factors are most conducive to oil and gas development, the country lags behind competitors such as Canada and the UK. The Energy Information Administration’s latest report on global shale resources, conducted by Advanced Resources International and… Keep reading →
Australia’s Prime Minister has announced a plan to replace a carbon tax with an emissions-trading scheme in 2014, a year earlier than the initial 2015 timetable. “The move to bring forward the market-based system a full year earlier is expected to quickly produce a sharp drop in the cost of carbon, from a predicted $23.30… Keep reading →
Ron Wyden, Democratic Senator from Oregon and Chairman of the Senate Committee on Energy and Natural Resources, grilled oil market experts today on why US consumers are not benefiting from higher US oil production via lower gasoline prices at the pump. Those experts indicated that whether or not they are aware of it, US consumers… Keep reading →
Go ahead, be cynical. You’ve earned the right to be skeptical about the current U.S. Congress and its ability to get anything done. Even so, a pair of Democratic Congressmen have introduced new smart grid legislation. Although its prospects for passage may be dim, it does give us insight into how Congress currently views the… Keep reading →
A combination of policy and market impediments to diversification of US transportation fuels has prompted the free market-focused Fuel Freedom Foundation to team up with policy-focused environmentalist and former Sierra Club Executive Director Carl Pope to pursue coordinated efforts to wean the US off its oil dependency. Pope and Fuel Freedom Foundation co-founder Eyal Aronoff… Keep reading →
