Keyword: energy

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  • The Energy Link: Energy Producing States and Social Mobility

    04/01/2015 2:44:15 PM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 4-1-15 | John Eick
    A couple years ago, scholars from Harvard and the University of California, Berkeley tried to determine which regions around the country offered higher rates of youth mobility for children born to parents with low-incomes. Interestingly, the greatest areas for mobility are the Midwest and Rocky Mountain regions. Many states in this region – North Dakota, Oklahoma, Texas, Wyoming and Colorado, for example – have long welcomed energy development within their borders and have embraced the recent advances in mining and drilling technologies that led to the mid-2010s nationwide energy boom. When the above map is compared to one showing the...
  • Control of southern entrance to the Red Sea the next Mid-East flashpoint

    04/01/2015 10:38:15 AM PDT · by Corky Boyd · 16 replies
    Island Turtle ^ | April 1, 2015 | Corky Boyd
    The Israeli intelligence blog Debka File reports that pro-Iranian Houthi troops have taken over control of the strategic straits (Bab el-Mandeb) at the southern entrance to the Red Sea. This choke point threatens all commercial and military maritime traffic from the oil rich nations bound for the Suez Canal and the Mediterranean. "Control of the Red Sea Bab el-Mandeb Straits passed Tuesday, March 31 to pro-Iranian Yemeni forces when the Yemeni Army’s 117th Brigade loyal to the former Yemeni President Ali Saleh handed positions guarding the waterway to two Houthi commando battalions trained by Iranian Revolutionary Guards. This is revealed...
  • Fire Reported On Bay Of Campeche Dwelling Platform

    04/01/2015 9:56:45 AM PDT · by thackney · 20 replies
    Oil Pro ^ | 4/1/2015 | Melanie Smith
    Wednesday morning, social network users reported a fire on the dwelling platform Abkatun Alfa located in Mexico's oil-rich Bay of Campeche. According to local media reports, the Abkatun Alpha is a dwelling platform purposed for housing personnel working offshore in the Bay of Campeche. Early reports also indicate it is owned by a private firm subcontracted by Pemex. Preliminary information indicates a failure in operation processes caused the fire. The incident prompted the evacuation of the platform. Some injuries were also reported. The injured were transported via helicopter from the rig to hospitals in Ciudad del Carmen. One death, 48...
  • Explained: How 76 million people were hit by Turkey’s worst blackout since 1999

    04/01/2015 8:02:37 AM PDT · by thackney · 14 replies
    Hurriyet Daily News ^ | April/01/2015 | Hurriyet
    1) What happened in Turkey on March 31? At 10:36 a.m., a massive blackout hit Turkey. Out of the 81 Turkish provinces, electricity was not totally cut only in the eastern province of Van, which receives some of its energy from Iran. In total, more than 76 million citizens were affected in one way or another. Described by the Energy Ministry as the worst national blackout since the 1999 Marmara earthquake, the outage wreaked havoc in daily life throughout the country with mass transit and traffic lights ceasing to work, hospitals sounding the alarm, factories halting production, mobile phone connections...
  • Minnesotans in oil train ‘danger zones’ urged to prepare

    04/01/2015 4:41:53 AM PDT · by BenLurkin · 17 replies
    echopress ^ | Don Davis
    people need to take some personal awareness of what’s around them,” Kevin Reed of the Minnesota Homeland Security and Emergency Management Department said. “‘How do I get out of the way before the fire department gets here?’” Minnesotans should answer in advance questions such as “what would I take with me?” he added. People living within a half mile of railroad tracks carrying North Dakota oil are in an area officials say is a “danger zone.”
  • {NYC} East Village Explosion Might Have Followed Attempt to Hide Gas Siphoning

    04/01/2015 4:46:34 AM PDT · by thackney · 51 replies
    New York Times ^ | MARCH 31, 2015 | PATRICK McGEEHAN and AL BAKER
    ...destroyed three_buildings and killed two men in the East Village last week resulted from an attempt to hide the unauthorized siphoning of natural gas for tenants in one of the buildings. Their working theory is that one or more gas lines were surreptitiously tapped over several months; then the siphoning apparatus was dismantled or hidden on Thursday before Consolidated Edison conducted an inspection. As soon as the utility inspectors left, an attempt to resume the diversion of gas went awry, setting off the explosion, according to two law enforcement sources with knowledge of this working theory. That version of events...
  • Exxon Mobil starts production at its new deepwater project in the Gulf

    04/01/2015 4:11:54 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | March 31, 2015 | Robert Grattan
    Exxon Mobil Corp. said Monday it had begun producing from its Hadrian South Gulf of Mexico project. Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells. The well is located about 230 miles offshore and in about 7,650 feet of water. First production comes after a discovery well was drilled in 2008 and an appraisal well was completed in 2009. Exxon operates the Hadrian South project with a 46.7 percent interest while Brazil’s Petrobras and Italy’s Eni hold a 23.3 percent and 30...
  • Cheaper Than Coal? Fusion Concept Aims to Bridge Energy Gap

    03/31/2015 7:32:03 PM PDT · by ckilmer · 16 replies
    nbcnews.com ^ | October 10th 2014, 5:07 pm | Alan Boyle
              Derek Sutherland / University of WashingtonOct 10 Cheaper Than Coal? Fusion Concept Aims to Bridge Energy Gap By Alan Boyle   Researchers say they've developed a concept for a fusion reactor that could be built for less money than an equivalent coal-fired plant — but they acknowledge that they still have some questions to answer. For example, will the concept really work?The design concept, known as the "dynomak," is the subject of a detailed economic analysis as well as a presentation to be made next week in Russia at the International Atomic Energy Agency's 25th Fusion...
  • The lost nuclear fusion reactor design? Robert Bussard, claimed he'd cracked the problem

    03/31/2015 7:16:11 PM PDT · by ckilmer · 84 replies
    wattsupwiththat.com ^ | March 31, 2015
    The lost nuclear fusion reactor design? Guest Blogger / 3 hours ago March 31, 2015 Robert Bussard, one of the giants of the field, claimed to his dying day he had cracked the problemAbove: a homemade version of the Polywell nuclear fusion reactorGuest essay by Eric WorrallNot many people have heard of Robert Bussard, but he was one of the giants of nuclear fusion research. But if an engineering solution for viable small, household size nuclear fusion reactors is ever discovered, they will almost certainly be largely based on Bussard’s work.Bussard’s focus was on a field of Nuclear fusion research...
  • New EIA monthly data track crude oil movements by rail

    03/31/2015 12:48:53 PM PDT · by thackney · 8 replies
    Energy Information Administration ^ | MARCH 31, 2015 | Energy Information Administration
    For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail (CBR) movements are integrated with EIA's existing monthly petroleum supply statistics, which already include movements by pipeline, tanker, and barge. The new monthly time series of crude oil rail movements includes shipments to and from Canada and dramatically reduces the absolute level of unaccounted for volumes in EIA's monthly balances for each region. EIA is initiating the new series with monthly data from January 2010 through the current reporting month, January...
  • Venezuela Cuts Oil Subsidies To Caribbean Nations

    03/31/2015 7:31:19 AM PDT · by thackney · 6 replies
    NPR ^ | MARCH 30, 2015 | Jackie Northam
    Venezuela is Latin America's largest oil producer, and its economy depends heavily on oil exports. It's been been hit hard by the tumbling oil prices. "Venezuela is in desperate straits. The oil sector has been deteriorating, and now with the slumping oil prices, they needed cash desperately," says Michael Shifter, the president of the Inter-American Dialogue, a Washington, D.C.-based group that studies the region. Shifter says it's no surprise that Venezuela is trimming back a program that provides oil at subsidized, deferred payment rates to many of its Caribbean neighbors that are dependent on energy imports. Petrocaribe — an alliance...
  • Advanced Drillships Become Burden For Owners As Business Dries Up

    03/31/2015 5:34:51 AM PDT · by thackney · 9 replies
    Reuters via Rig Zone ^ | March 27, 2015 | Sneha Banerjee & Swetha Gopinath
    Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Now, with oil prices down by half since June, many have become a burden on their owners as drilling activity slows. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10 billion worth of state-of-the-art vessels that have been idled at sea, analysts say. Noble Corp Plc, Ensco Plc and Transocean Ltd are...
  • Nuclear talks reach dead end. Partial document to be released

    03/31/2015 5:19:59 AM PDT · by Dave346 · 11 replies
    DEBKAfile ^ | March 31, 2015, 3:16 PM (IDT)
    Officials close to the nuclear talks in Lausanne between the six power and Iran confirm that this round has come to a dead end, having failed to reach agreement on fundamental questions by the March 31 deadline.. DEBKAfile has reported consistently that supreme leader Ayatollah Ali Khamenei, Iran’s radical clergy and Revolutionary Guards had set their faces firmly against this deal, preferring to leave a diplomatic void for Tehran to continue to develop a nuclear weapon, without US interference. Sources in Lausanne report that the diplomats gathered there are working on a joint partial communiqué to mask the fiasco and...
  • Microseismic Plus Refrack Could Equal More Production

    03/31/2015 5:22:10 AM PDT · by thackney
    E&P Hart Energy ^ | March 23, 2015 | Velda Addison
    Production from U.S. unconventional plays—boosted by advances in completion technology and techniques—has undoubtedly transformed the oil and gas scene both in the U.S. and abroad. However, low recovery rates for shale oil and gas plus steep declines for wells show there is still room for improvement. Some are turning to microseismic and refracks to better results given today’s market conditions. “Beating the decline curve in unconventional reservoirs requires continuous drilling and completion of new wells. This can be costly and time consuming,” Sudhendu Kashikar, vice president of completions evaluation for MicroSeismic Inc., explained in a webcast this week. “Refracking provides...
  • CME Group launches unprecedented oil-storage futures contract

    03/31/2015 5:11:30 AM PDT · by thackney
    The Globe and Mail ^ | Mar. 30 2015 | LUKE KAWA
    As U.S. crude oil stockpiles soar, CME Group Inc. has come up with an innovative way for energy producers to reserve space in storage facilities. The ability to trade oil futures contracts has been around since 1983, but on Monday, the first ever oil-storage futures contract goes live. One contract bestows upon its holder the right, but not the obligation, to store 1,000 barrels of crude oil in caverns or above-ground tanks in Louisiana. Three grades of sour crude are eligible to be held at these facilities, which are connected to 50 per cent of the United States’ refining capacity...
  • Canada Pushes Ahead with Keystone XL Alternatives

    03/31/2015 5:04:39 AM PDT · by thackney · 8 replies
    Scientific American ^ | March 30, 2015 | Bobby Magill
    A decision on whether to allow the Keystone XL Pipeline to be built in the U.S. could come at any time, but there are myriad other projects on the table designed to do exactly what Keystone XL was designed to do: transport Canadian tar sands oil to refineries. Those pipelines, both in the U.S. and Canada, are being designed to move the oily bitumen produced from the tar sands to refineries in Texas and eastern Canada, and to ports on the Pacific Coast where the oil could be shipped to Asia. Combined, the pipelines would be able to carry more...
  • Oil industry to Obama: Stop excluding Atlantic drilling leases

    03/31/2015 4:58:56 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 30, 2015 | Jennifer A. Dlouhy
    As the Obama administration weighs where to sell offshore drilling leases from 2017 to 2022, the oil industry has a single plea: Stop ruling out potential prospects. Eight industry trade groups are delivering that message in comments set to be filed with the administration on Monday, ahead of a midnight deadline for the public to weigh in on the Interior Department’s draft proposed offshore leasing program for 2017 to 2022. “Considerable acreage has already been excluded at this early stage of the planning process, especially in the Atlantic, eastern Gulf of Mexico and Alaska outer continental shelf,” said the groups,...
  • BNSF adds new safety rules for crude oil trains

    03/31/2015 4:55:40 AM PDT · by thackney · 12 replies
    Fuel Fix ^ | March 30, 2015 | Associated Press
    <p>BNSF has started taking additional safety measures for crude oil shipments because of four recent high-profile derailments in the U.S. and Canada, the railroad said Monday.</p> <p>Under the changes, BNSF is slowing down crude oil trains to 35 mph in cities with more than 100,000 people and increasing track inspections near waterways. The Fort Worth-based railroad also is stepping up efforts to find and repair defective wheels before they can cause derailments.</p>
  • ( WV ) Congressman’s STREAM Act Seeks to Reign in Anti-Coal Mining Agency

    03/30/2015 2:55:19 PM PDT · by george76 · 2 replies
    Townhall ^ | Mar 30, 2015 | Cortney O'Brien
    Coal is pretty important to West Virginia. Coal-fired electric power plants accounted for 95 percent of West Virginia's net electricity generation in 2013 and the state produces about 15 percent of all fossil fuel energy in the US. What’s more, the Mountain State leads the nation in underground coal mine production. One government agency seems poised to slow these miners down, but not if Rep. Alex Mooney (R-WV) can help it. “West Virginia is blessed to be abundant in natural resources," Mooney said. "Unfortunately, the President is intent on destroying coal as a domestic energy source.” Rep. Mooney introduced the...
  • West Virginia and Arkansas Engage on EPA’s Clean Power Plan

    03/30/2015 2:08:47 PM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 3-30-15 | John Eick
    The Clean Air Act notably identifies states as being first among equals to the federal government when implementing environmental regulations. Indeed, the preamble of the Clean Air Act states that “air pollution…at its source is the primary responsibility of States and local governments.” Since state legislatures gaveled into session earlier this year, many have explored ways in which they may be able to mitigate some of the burdens of EPA’s proposed Clean Power Plan. After much discussion and debate, members of the Energy, Environment and Agriculture Task Force adopted the model Act Requiring Approval of State Plan to Implement EPA’s...
  • Fact Check.org Rushes to Defend Federal Fracking Regulations, Steps on a Rake

    03/30/2015 1:26:09 PM PDT · by george76 · 8 replies
    Energy in Depth ^ | March 27, 2015 | Katie Brown
    This afternoon, Fact Check.org produced a fact-check that ostensibly criticizes U.S. Senator Jim Inhofe (R-OK) for his contention that there has never been an instance of ground water contamination caused by hydraulic fracturing. Of course, this piece isn’t really about Inhofe at all; but before we get into that, we can’t help but wonder why they are fact-checking Inhofe and not former EPA Administrator Lisa Jackson … or Energy Secretary Ernest Moniz … or Secretary of the Interior Sally Jewell — all of whom have said exactly the same thing. Rather than a “fact-check,” it reads more like an advocacy...
  • Texas Hasn't Been This Bad In Two Years

    03/30/2015 10:10:07 AM PDT · by blam · 9 replies
    BI ^ | 3-30-2015 | Myles Udland
    Myles Udland March 30, 2015The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the index to show a reading of -9. But the most important part of this report is the commentary from Texas business leaders, who have given an on-the-ground picture of how the decline in oil prices is affecting one of the country's economies most driven by oil. In March the tune didn't change, as it sounds as...
  • Pulling the plug on renewable energy:States with mandates suffer exploding electricity prices

    03/30/2015 6:03:13 AM PDT · by bestintxas · 7 replies
    was times ^ | 3/29/15 | H. Sterling Burnett
    There is never a good time for bad public policy. For few policies is this more evident than renewable energy mandates (REM), variously known as renewable portfolio standards, alternative energy standards and renewable energy standards. The first renewable energy mandate was adopted in 1983, but most states did not impose these mandates until the 2000s. Though the details vary from state to state, in general, renewable energy mandates require utilities to provide a certain percentage of the electric power they supply from “renewable” sources, notably wind and solar, with the required percentages rising over time. At the height of the...
  • Angola joins Venezuela among biggest losers of oil's tumble

    03/30/2015 8:13:03 AM PDT · by Lorianne · 8 replies
    CNBC ^ | 28 March 2015 | Will Duke
    Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less beneficial. Social and economic turmoil in countries like Venezuela and Russia—largely because of the swoon in global oil prices—has drawn attention away from Angola, an OPEC member that is Africa's second-largest oil producer. The country churns out 1.75 million barrels of oil per day, according to the Energy Information Agency (EIA). The sub-Saharan country is hugely dependent on oil production to generate revenue for its economy, which...
  • Texas economy hasn't been this bad in two years

    03/30/2015 8:04:10 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 03/29/2015 | Myles Udland
    The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the index to show a reading of -9. But the big most important part of this report is the commentary from Texas business leaders, who have given an on-the-ground picture of how the decline in oil prices is impacting one of the country's most oil-related economies. In March, the tune didn't change, as it sounds like things are still tough in...
  • Wisconsinites sue over rail expansion for crude oil

    03/30/2015 1:45:40 AM PDT · by Cincinatus' Wife · 14 replies
    Wisconsin Gazette ^ | March 26, 2015 | Lisa Neff, Staff writer
    Still, Margolis said, “the reality is there’s no way to safely transport the highly volatile crude from the Bakken oil field in North Dakota or the heavy crudes from the Alberta tar sands. Instead, these extreme fossil fuels should be left in the ground.”Days after the fiery derailment of an oil train near Galena, Illinois, nine Wisconsin citizens went to court to challenge an expansion of a rail system for oil trains in their community. The train had just passed through Wisconsin before the derailment. Their focus was on the Wisconsin Department of Natural Resources’ decision to permit the filling...
  • Price decline hits oil patch

    03/29/2015 10:19:40 AM PDT · by Perkinsbob54 · 4 replies
    Albuquerque Journal ^ | 3/25/15 | Kevin Robinson-Avila
    At least 2,000 jobs will likely be lost in New Mexico’s oil and gas industry in the coming months because of sharp declines in the price of crude oil, according to estimates by the New Mexico Energy, Minerals and Natural Resources Department.
  • Utility found 'hazardous situation' months before NYC blast [someone illegally tapped gas line]

    03/29/2015 7:09:19 AM PDT · by grundle · 23 replies
    yahoo.com ^ | March 29, 2015 | Jennifer Peltz
    NEW YORK (AP) — More than seven months before an explosion and fire leveled three apartment buildings in Manhattan's East Village, utility workers discovered that the gas line to a restaurant in one of them had been illegally tapped, creating a hazardous situation, according to the company. On Aug. 6, a meter reader at the restaurant detected the smell of gas and reported it, said Consolidated Edison spokesman Allan Drury. A gas crew dispatched to the site found multiple leaks in a gas line that had been tapped, Drury said, adding that the restaurant was the only customer in the...
  • Why Does Yemen Matter to the World’s Oil Market?

    03/29/2015 4:24:06 AM PDT · by thackney · 12 replies
    Wall Street Journal ^ | MAR 26, 2015 | Summer Said
    Q: Why is Yemen important to the world oil market? Yemen is only a small oil producer, but it lies at the heart of some of the most important energy routes. It shares a long border with southwest Saudi Arabia, world’s top oil exporter, and is adjacent to the Bab el-Mandeb strait, the fourth-biggest shipping chokepoint in the world by volume. About 3.8 million barrels a day of petroleum passed through the strait in 2013, according to the U.S. Energy Information Administration. Closing the strait could keep tankers in the Persian Gulf from reaching the Suez Canal and the SUMED...
  • Senate passes energy measure by voice vote after budget marathon

    03/28/2015 3:43:31 PM PDT · by Tolerance Sucks Rocks · 7 replies
    The Washington Times ^ | March 27, 2015 | David Sherfinski
    After the Senate gave approval to its budget plan early Friday morning, Sens. Rob Portman, Ohio Republican, and Jeanne Shaheen, New Hampshire Democrat, got a version of their energy efficiency legislation passed by voice vote. The measure, passed when only Mr. Portman and Ms. Shaheen were on the floor, includes provisions exempting certain water heaters from pending Department of Energy regulations, and requires federal agencies to develop an implementation strategy for employing more energy-efficient technology, among other items. Mr. Portman said the bill has garnered widespread support and is part of an energy plan for the country “that can help...
  • Earth Hour Tonight TURN ON THOSE POWER SOURCES. (Vanity)

    03/28/2015 2:38:30 PM PDT · by Vaquero · 40 replies
    Self | 3-28-15 | Self
    Turn it up bright. Fire up that lawn mower and snow blower. Test your outboard for the upcoming season Come on FReepers!
  • New Jersey's Six Flags Great Adventure To Cut 18,000 Trees To Go Solar

    03/28/2015 1:36:07 AM PDT · by grundle · 59 replies
    Huffington Post ^ | March 27, 2015
    JACKSON, N.J. (AP) — A theme park plans to cut down more than 18,000 trees for the construction of what it says will be the largest solar farm in New Jersey. Six Flags Great Adventure says the facility will generate 21.9 megawatts, or enough to power about 3,100 homes, and capable of meeting all of the park's needs.
  • Did Yucca Mountain Bring Down Harry Reid?

    03/27/2015 9:38:01 AM PDT · by E. Pluribus Unum · 33 replies
    The Daily Caller ^ | 03/27/2015 | Michael Bastasch
    Nevada Sen. Harry Reid announced his retirement Friday after serving nearly three decades. But was Reid’s retirement precipitated by fears he was losing one of Nevada’s longest political battles: preventing the nuclear waste storage at Yucca Mountain?The use of Yucca Mountain as a nuclear waste repository has been hotly debated for the last 25 years or so, with Sen. Reid promising Nevada residents he would never allow waste to be stored at the site.For years, Reid has been able to successfully keep the federal government from storing nuclear waste at Yucca. Nuclear waste storage at Yucca was first approved...
  • Six Flags to cut 18,000 trees to go solar

    03/27/2015 4:22:26 PM PDT · by CedarDave · 43 replies
    My Fox NY.com ^ | March 27, 2015 | AP
    JACKSON, N.J. (AP) - A theme park plans to cut down more than 18,000 trees for the construction of what it says will be the largest solar farm in New Jersey. Park President John Fitzgerald said in a statement that solar power will significantly reduce the park's reliance on fossil fuels.
  • Energy Department says it’s time to start drilling in the Arctic

    03/27/2015 9:08:54 AM PDT · by rktman · 2 replies
    hotair.com ^ | 3/27/2015 | Jazz Shaw
    Get ready for the White House to ignore their own science experts again. The Department of Energy commissioned a study by the National Petroleum Council which was meant to help determine our long range energy strategy. Their conclusion? We need to head on up to the Arctic basin and drill baby drill.
  • Oil council: Shale won't last, Arctic drilling needed now

    03/27/2015 6:31:32 AM PDT · by Citizen Zed · 11 replies
    Cache Valley Daily ^ | 3-27-2015 | AP
    The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S. has drastically cut imports and transformed itself into the world's biggest producer of oil and natural gas by tapping huge reserves in shale rock formations. But the government predicts that the shale boom won't last much beyond the next decade. In order for the U.S. to keep domestic production high and imports low,...
  • Canada gov't asks pipeline regulator for safety guidelines by 2016

    03/27/2015 6:29:39 AM PDT · by shove_it · 4 replies
    Reuters ^ | 26 Mar 2015 | MIKE DE SOUZA
    (Reuters) - Canada's Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment. Natural Resources Minister Greg Rickford instructed the National Energy Board to study the issue and report its findings with new safety guidelines by next year, according to a Feb. 5 letter released to Reuters through an access to information request. The instructions coincide with several major crude oil pipeline expansion projects proposed in Canada by companies such as Kinder Morgan, Enbridge and TransCanada Corp . The projects face strong opposition from many landowner...
  • Republican Bill Package Would Eliminate Energy Choice

    03/27/2015 5:15:33 AM PDT · by MichCapCon · 10 replies
    Michigan Capitol Confidential ^ | 3/23/2015 | Jack Spencer
    A legislative package sponsored by House Majority Floor Leader Aric Nesbitt, R-Lawton, would bring significant changes to Michigan’s electricity market. The provision drawing the most attention repeals the only remaining piece of a 2000 reform led by then-Gov. John Engler, which ended the monopoly status of Michigan's largest electric utilities. Under that reform, known as “Energy Choice,” customers could buy their power from an alternative generator, while the power lines through which the juice flows remained a regulated monopoly. Not surprisingly, the state’s two large utilities, Consumers Energy and Detroit Edison, were not pleased, and never stopped pressuring lawmakers to...
  • The Shale Debt Redux

    03/27/2015 5:06:49 AM PDT · by thackney · 8 replies
    The Energy Collective ^ | March 26, 2015 | Deborah Lawrence
    Shale debt, falling prices and slack demand has tight oil producers in trouble. And yet, there is still burgeoning production. Why? Well, we’ve seen this before. It’s the shale debt redux. Operators did it a few years ago in natural gas and prices have yet to recover. Unfortunately cheap money in the form of debt can mean poor investment choices for businesses and for investors. But it can also lead to an aberrant market because operators deep in debt won’t curtail production even though it is glutted. Debt coupons simply have to be met. The shale revolution has always been...
  • Senate leader urges all 50 governors to not comply with EPA's Clean Power Plan

    03/27/2015 4:21:36 AM PDT · by thackney · 12 replies
    Power Engineering ^ | 03/23/2015 | Barry Cassell
    U.S. Senate Majority Leader Mitch McConnell, R-Ky., in a March 19 letter, called on the nation’s governors to reject the U.S. Environmental Protection Agency’s proposed regulation that requires states to dramatically restructure their electricity systems based on how the agency thinks electricity should be produced and used in each state. The EPA’s demands under the proposed Clean Power Plan, McConnell noted, are “far beyond its legal authority.” In a letter to all 50 governors, McConnell wrote that he has “serious legal and policy concerns regarding the proposal.” McConnell asked the governors to “carefully review the consequences before signing up for...
  • Mexico expects U.S. oil swap, another crack in crude export ban

    03/26/2015 6:42:44 AM PDT · by shove_it · 5 replies
    Reuters ^ | 25 Mar 2015 | DAVID ALIRE GARCIA AND VALERIE VOLCOVICI
    (Reuters) - Mexican state oil firm Pemex expects imminent approval from the U.S. Commerce Department to allow it to swap up to 100,000 barrels of heavy crude for a similar amount of lighter U.S. oil, what could be the latest milestone toward loosening the four-decades old ban on exporting U.S. oil. "Our expectation is that it happens soon," Jose Manuel Carrera, CEO of Pemex's commercial arm P.M.I. Comercio Internacional, said in an interview Friday. "I would like to see the approval tomorrow, or I would have liked to see it yesterday, but the truth is that this is a permit...
  • UKRAINE: The OSCE caught Russia on theft: illegal charcoal exports from Ukraine

    03/26/2015 2:38:35 AM PDT · by UMCRevMom@aol.com · 1 replies
    Glavred ^ | March 26, 08:25
    Dumpers with black gold pass through the checkpoint "Butane" and Donetsk. Russia steals a Ukrainian coal ukrainepress.ru Observation mission of the Organization for security and cooperation in Europe, which is based on the Russian border crossings "Gukovo" and Donetsk in the Rostov region, said that continues to record the facts export to Russia of coal of Donbass. The weekly report of the Mission for the period from 18 to 25 March, UNIAN reports. "The Observer Mission has continued to monitor the dump trucks that transport coal from Luhansk oblast in the Russian Federation through the border pass" Gukovo, "the statement...
  • Environmental review of Gateway Pacific Terminal coal terminal delayed a year

    03/26/2015 5:31:15 AM PDT · by thackney
    Casper Star-Tribune ^ | 3/25/2015 | BENJAMIN STORROW
    An environmental review of a proposed Washington coal port will be delayed until 2017, one year after the analysis was scheduled to be completed. The delay comes after the project's developer, SSA Marine, submitted an updated plan for the Gateway Pacific Terminal to the U.S. Corps of Army Engineers. SSA Marine acquired more land in the area of the proposed dock and reconfigured its site plan, said Bob Watters, a company executive. The move will reduce the project's overall footprint by 17 percent and its impact on wetlands by 49 percent, he said. "From an environmental standpoint, we thought it...
  • Japan uses climate cash for coal plants in India, Bangladesh

    03/26/2015 5:27:15 AM PDT · by thackney · 10 replies
    AP via UT San Diego ^ | MARCH 25, 2015 | KARL RITTER and AIJAZ RAHI
    Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh, The Associated Press has found. The AP reported in December that Japan had counted $1 billion in loans for coal plants in Indonesia as climate finance, angering critics who say such financing should be going to clean energy like solar and wind power. Japanese officials now say they are also counting $630 million in loans for coal plants in Kudgi, India, and Matarbari, Bangladesh, as climate finance. The Kudgi project has...
  • Futures Tumble As Yemen War Starts; Oil, Gold Surges

    03/26/2015 4:23:04 AM PDT · by sheikdetailfeather · 5 replies
    Zero Hedge ^ | 3-26-2015 | Tyler Durden
    In a somewhat surprising turn of events, this morning's futures reaction to last night's shocking start of a completely unexpected Yemen proxy war, which has seen an alliance of Gulf State launch an air, and soon land, war against Yemen's Houthi rebels, is what one would expect: down, and down big. This is surprising, because on previous occasions one would expect the NY Fed, or its pet hedge fund, Citadel, or the BOJ or ECB (via the CME's "Central Bank Incentive Program") to aggressively buy ES to prevent a slide, something has changed, and for the BTFDers, that something may...
  • Things that will happen if Venezuela implodes

    03/25/2015 2:33:39 PM PDT · by Citizen Zed · 45 replies
    cnbc ^ | 3-25-2015
    An economic implosion is becoming increasingly likely in Venezuela , and the country's debtholders, trade partners and neighbors are bracing for the fallout. The country's energy-dependent economy requires oil prices above $100 per barrel in order to sustain itself. Oil accounts for 95 percent of the country's export earnings, and combined with gas, it's 25 percent of the country's gross domestic product. Internationally traded Brent crude prices have fallen more than 48 percent in the past year. Meanwhile, a combination of inflation and currency controls have generated scarcity of basic needs such as flour, toilet paper and medicine. Venezuelans stand...
  • HOW MANY SHALE OIL PLAYS MAKE MONEY AT $37 PER BARREL?

    03/24/2015 5:56:02 PM PDT · by Lorianne · 35 replies
    Burning Platform ^ | 18 March 2015
    I’m tossing you a softball. Now think carefully. The choices are: A. Zero B. Zero C. Zero D. Zero I know Americans are math challenged and need a calculator to subtract 10 from 20, but I think even a CNBC bimbo or Princeton economic professor could get this one right. Last year there was much banter from the Wall Street shysters and Bakkan shale oil experts about the true breakeven price for shale oil not being $80 (which is the truth) but actually being as low as $58 a barrel. They were spreading this lie in order to keep idiot...
  • Loyola-Chicago climate conference discusses 'nuts and bolts' of fossil fuel divestment

    03/25/2015 10:16:57 AM PDT · by Citizen Zed · 5 replies
    National Catholic Reporter ^ | 3-25-2015 | James Hug
    The second day of the three-day Loyola University Chicago Climate Change Conference began with a panel discussion on divestment from fossil fuels. The Friday morning panel, titled “The Risks, Nuts, and Bolts of Divestment,” was chaired by Bruce Boyd, principal and senior managing director of Arabella Advisors, a company that works with foundations to improve planetary health and is now measuring global commitment to divestment from fossil fuels and reinvestment in alternative, clean energy sources.  In his opening remarks, Boyd noted that divestments are currently at $50 billion and are expected to reach $150 billion by the start of the...
  • New Federal HVAC Regulations 2015

    03/25/2015 9:24:41 AM PDT · by virgil283 · 19 replies
    "But the new federal HVAC regulations 2015 are a big deal! For the first time, the DOE is implementing minimum federal efficiency standards – by region. And NEW water heater energy requirements, effective 4/16/2015!"...Seer ratings increased by region and a 1-800 hotline to Feds to report your contractor....
  • Are we ready for an attack on the power grid?

    03/25/2015 8:34:09 AM PDT · by SeekAndFind · 53 replies
    Hotair ^ | 03/25/2015 | Jazz Shaw
    This is a disturbing statistic. Federal energy records indicate that there is an attack – either physical or cyber – on the United States power grid, on average, every three to four days. But before we get into too much of a panic, this doesn’t sound like some sort of concerted terrorist strategy. Still, a definite cause for concern. About once every four days, part of the nation’s power grid — a system whose failure could leave millions in the dark — is struck by a cyber or physical attack, a USA TODAY analysis of federal energy records finds.Although...