U.S. stocks were down on Monday following concerns from investors about Greek debt negotiations and unsatisfactory Chinese economic data on top of uncertainty about U.S. interest rates. “After the market’s strong week last week, nine out of ten S&P sectors finished down Monday, with healthcare and utilities the worst performers. Only energy finished up slightly,… Keep reading →
In January 2015, the U.S. Congress passed a bill that authorizes the construction of the Keystone XL Pipeline, and the Nebraska Supreme Court issued a decision that will allow the proposed route of the pipeline to proceed through Nebraska.
Industry stakeholders call for streamlined rail and pipeline permitting to sustain market impacts from oil and gas production when prices are low. Enhanced oil and natural gas transportation and storage infrastructure is needed to ensure the domestic energy revolution is sustained in the current period of low prices. Streamlining infrastructure permitting processes would aid investor… Keep reading →
A blockbuster of an article is out today describing some highly questionable associations and dealings around Adana’s long-running scheme to turn the Galilee Basin of northern Queensland into a coal mine. The article, published this morning in the Sydney Morning Herald and reprinted in more than 100 papers across Australia, describes a “complex corporate structure”… Keep reading →
In 2015, the Federal Energy Regulatory Commission (FERC) will address many of the most serious challenges the electric industry faces in multiple proceedings that will be closely followed by industry participants. Those challenges include the retirement of substantial portions of the nation’s generation fleet and the changing composition of that fleet due to the increased use of natural gas and renewable resources.
Illicit oil sales are no longer the main source of revenue for the Islamic State, according to a Pentagon statement earlier this week. “Oil smuggling had become a crucial source of revenue for the group, which holds a handful of oil fields in Iraq and Syria. Oil profits set the extremist organization apart from other… Keep reading →
Following the U.S. Environmental Protection Agency’s 2014 proposal to regulate carbon emissions from electric power plants and other major sources, federal energy regulators have scheduled a series of public technical conferences on how the Clean Power Plan may affect electric reliability, wholesale electric markets and operations, and energy infrastructure.
President Obama’s proposed budget for 2016 invests heavily in his agenda to combat climate change. “The failure to invest in climate solutions and climate preparedness does not just fly in the face of the overwhelming judgment of science — it is fiscally unwise.” – The White House, as reported by the National Journal The proposal… Keep reading →
The latest shakeup among Saudi decisionmakers will require Washington to work on new relationships in Riyadh and perhaps reconfirm understandings reached at last Tuesday’s summit. Just two days after President Obama’s visit to Riyadh, King Salman has sacked several of the princes who met with the U.S. delegation. According to U.S. and Saudi reporting of… Keep reading →
President Obama and his administration are bracing themselves from a Republican controlled Congress in wake of his FY 2016 budget which will see heavy investment in clean energy industries. “In addition to some $7.4 billion in research and development funding for clean energy and climate science, President Obama’s fiscal year 2016 budget — a nearly $4 trillion… Keep reading →
