The fund manager will march in the Sierra Club’s first-ever act of civil disobedience against a controversial pipeline.
Jared Anderson
Posts by Jared Anderson
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The Organization of Petroleum Exporting Countries Tuesday warned that expectations of growth in non-OPEC oil supply this year–seen as essential to meeting global oil demand in the long term–were subject to a high level of risk, particularly in the U.S.
Natural-gas futures fell Thursday after the Energy Information Administration reported a decline in U.S. inventories that was smaller than expected.
Tax code reform is expected to be high on the US political agenda this year and the issue of tax breaks or subsidies for Big Oil is often tossed around as part of the discussion. However, despite receiving various tax incentives, oil companies pay more in taxes than many other US-based multinational firms.
In their dogged pursuit of sensational headlines, media companies love to make a big deal about the largest US company by market capitalization, a title that ExxonMobil and Apple have traded for the past few years. Exxon recently reported its fourth quarter and full-year 2012 financials and on net income of roughly $45 billion last year, which is slightly higher than Apple’s approximately $42 billion, the oil company paid about twice as much in income taxes. Keep reading →
It’s happening again.
It’s not even close to the summer driving season — in fact, it’s not even springtime — but as surely as February gives way to March, gas prices have begun their annual ascent. Keep reading →
Flying, although faster, still isn’t a very pleasant way to travel. First, there’s the massive amount of fuel required to hoist a jet airliner carrying over 100 people into the air. Second, there’s the fact that when inside, one gets the sensation of a sardine stuffed inside a metal tube.
It turns out that aviation scientists have known for years that the tubular fuselage and bird wind design is far from efficient, but it’s the best they could do. Now, researchers at NASA have developed a “hybrid wing” shape that could dramatically reduce fuel consumption. Keep reading →
Plants and trees have been making clean energy for billions of years using water and sunlight, so why can’t humans do the same? People have been asking this question for over 100 years and Giacomo Ciamician, an Italian scientist, has been dubbed the father of artificial photosynthesis for his research into what he called “the guarded secret of plants.”
Today, chemist and Harvard professor Daniel G. Nocera has taken up the mantle along with fellow scientists, graduate students and post-doctoral researchers. His work and grand vision has been captured in this brief video by filmmaking team Jared Scott and Kelly Nyks (PF Pictures), which recently won a $50,000 FOCUS FORWARD prize at the Sundance Film Festival. Keep reading →
Interior Secretary Appointment Seen as ‘Tipping Point in Second-Term Energy Agenda’
By Jared Anderson
When Ken Salazar announced he would step down as Secretary of the US Department of the Interior it created a difficult decision for President Obama and brought a campaign issue back to the fore. Regulating development on federally-owned lands – particularly for oil and gas drilling – is one of the most polarizing energy issues of the day and because this is a primary function at the Interior Department, the issue and the department’s role has exploded into the political arena.
The department’s mission: “The US Department of the Interior protects America’s natural resources and heritage, honors our cultures and tribal communities, and supplies the energy to power our future.” The onshore and offshore acreage managed by Interior account for 30 percent of US natural gas output, 30 percent of the country’s oil production and up to 40 percent of US coal production. Keep reading →
We already knew it was a record-breaking year for the U.S. wind power industry in 2012, as fears that the production tax credit for wind would vanish drove installations at a frenzy pace toward the end of the year. Some 8,380 megawatts of the year’s 13,124 megawatts of generating capacity went online in the fourth quarter, which means that nearly 15 percent of the total wind power capacity ever installed in the country happened in the last three months of 2012.
But which states did the most damage in the year? A new release from the American Wind Energy Association breaks it down. Keep reading →
Accounting firm Ernst & Young released its Oil & Gas Center’s quarterly outlook this week highlighting the major trends expected in various petroleum industry sectors over the near term. It’s done on a quarterly basis and provides an overall view of main themes to be watching. It is primarily generated as an internal document, “so everyone knows what’s going on and highlights are sent to clients,” Foster Mellen, Senior Analyst with Ernst &Young’s Oil & Gas Practice told Breaking Energy.
Some points of interest include the long-overdue startup of Kazakhstan’s giant Kashagan field and how companies may cope with US natural gas prices that have persistently remained below historical norms. Keep reading →
