Lifted by higher refining margins and stronger prices, energy titan ExxonMobil (XOM) narrowly beat the Street on Thursday with a 41% leap in third-quarter earnings.
The Irving, Tex.-based blue-chip company said it earned $10.33 billion, or $2.13 a share, last quarter, compared with a profit of $7.35 billion, or $1.44 a share, a year earlier. Analysts had been calling for EPS of $2.12. Keep reading →
“We’re headed for what could be a California power crisis on a national scale” says Napolitano at #platts conf @petergardett
As consumers buy more stuff, they also throw more things away. And as the world faces an energy crisis, developers are increasingly looking to that garbage for power.
A group of scientists from the Earth Engineering Center (EEC) at Columbia University found that non-recycled plastics and municipal sold wastes could be significant American sources of power. In a study–funded by the American Chemistry Council (ACC)–published on Wednesday, the group found that waste energy was significant enough to wean America off foreign imported oil. Keep reading →
DOE-FERC Grid Coordination Effort Positive, States Say http://bit.ly/pSLVMJ @NARUC
Hundreds of thousands of people in darkness, hospitals in chaos, a banking system under siege – a cyberattack on the US electricity grid could have catastrophic consequences.
When federal researchers discovered that outside hackers could take control of the generators used to produce electricity in the US and destroy them, analysts warned that a co-ordinated assault on the grid could blackout large regions and cause devastation akin to scores of hurricanes striking at once. Keep reading →
Just spoke with @ANGAus about the #economic benefits of #natgas at #usaeedc MT @boonepickens US has more natgas than any country @petergardett
USAEE hears China, India taking steps to grow clean energy, but won’t admit it, insist global treaty means West must cut carbon first #usaeedc @energyrider6
This year, Breaking Energy is covering the USAEE conference in full force.
Hosted by the United States Association for Energy Economics, the conference is taking place in Washington DC this year from October 9 – 12. In this video, Breaking Energy Managing Editor Peter Gardett kicks of the conference with a video introduction. Read his in-depth analysis of the conference: Making The Numbers Sing In DC. Keep reading →
In some parts of the world, refrigeration is a luxury and children do their homework by candle light.
That reality is unacceptable, the International Energy Agency said in its recent “Energy for All: Financing Access For The Poor” report published on Monday. With increased investment over the next five years, the report claims the world’s energy needs can be fully met by 2030. Keep reading →
Jobs and energy prices will ultimately push the Obama administration to approve the controversial Keystone pipeline, analysts say, despite the protests and environmental concerns over expanding production from Canada’s oil sands.
Stretching 1,600 miles from Alberta, Canada, to US refineries on the Gulf Coast, the Keystone pipeline project would boost U.S. consumption from the Canadian oil sands, now more than 1 million barrels a day, by about 50%. Keep reading →
