Posted September 12, 2016
Last month we noted new research showing that because the sun doesn’t always shine and the wind doesn’t always blow, the use of renewables by utilities in generating electricity needs a big assist from natural gas. We also pointed out how a rise in electricity generation from renewables this year has been accompanied by record-setting use of natural gas in the power sector. There’s an essential relationship between the two – one that fits with our view that an all-of-the-above approach is the best way to ensure the U.S. economy and American households are well-supplied with energy. A new analysis from the U.S. Energy Information Administration (EIA) shows how this is working in California, a big state with big electricity needs.
Posted September 1, 2016
California is the country’s third-largest oil producer, delivering more than 201 million barrels of oil in 2015, behind only Texas and North Dakota. At the same time, the state ranks third in oil refining capacity from its 18 operating refineries. Bottom line: California plays a major role in meeting its own energy and fuel needs, as well as those of the West Coast and beyond.
Posted July 10, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with California. We started our focus on the state level with Virginia on June 29 and continued this week with Missouri, Indiana, North Carolina and West Virginia. The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.
Information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information will be populated on this map as the series continues.
Posted June 3, 2015
The Hill: House Republicans have found reasons to agree with some parts of the Obama administration’s energy infrastructure proposal.
GOP leaders in the House Energy and Commerce Committee told Energy Secretary Ernest Moniz that they are largely in agreement on the need to improve pipelines, electric transmission lines, energy storage and other pieces of infrastructure.
Moniz testified at the hearing to promote the Quadrennial Energy Review, which the administration released in April to call for comprehensive infrastructure improvements worth billions of dollars.
“Many people are even asking — not surprisingly — is there enough common ground between our efforts and the Obama administration to enact meaningful energy legislation,” Rep. Ed Whitfield (R-Ky.), chairman of the energy and power subcommittee, said at the Tuesday hearing.
Posted May 19, 2015
Oil and Gas Investor: The technology that fueled the U.S. shale revolution could breathe new life into old oil fields outside of North America.
More than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels (Bbbl) of oil, according to an IHS report on May 13.
Of the estimated 141 Bbbl of potentially recoverable oil using unconventional techniques, 135 Bbbl exist in plays that would likely require hydraulic fracture stimulation to produce. Roughly 6 Bbbl sit in plays that may not require hydraulic fracturing.
Posted October 23, 2014
On Jan. 1, California is scheduled to include gasoline, diesel and propane in its three-year-old, first-in-the-nation program that requires companies to buy carbon permits to cover their emissions of greenhouse gases. Yet a new report warns that design flaws in the cap-and-trade program could negatively impact markets that serve consumers.
Authored by Jean-Philippe Brisson, a carbon markets expert with the Latham and Watkins law firm in New York, the report commissioned by the Western States Petroleum Association (WSPA) cautions that design flaws “can result – and have resulted – in catastrophic implications for environmental markets around the globe.”
Posted July 18, 2014
Washington Examiner: The Obama administration announced Friday that it would allow exploration for oil and gas off some portions of the Atlantic Coast using sonic testing devices that environmentalists say harm marine life.
The Interior Department's Bureau of Ocean Energy Management gave the OK for seismic airgun testing, which are boat-towed cannons that shoot sonar blasts off the ocean floor to scan for oil-and-gas deposits, in the mid- and south-Atlantic areas that stretch from the Delaware Bay to just south of Cape Canaveral, Fla. The approval is a prelude to potential offshore drilling there, though that is blocked through 2017 under President Obama's five-year offshore drilling plan.
"The bureau has identified a path forward that addresses the need to update the nearly four-decade-old data in the region while protecting marine life and cultural sites,” said Acting BOEM Director Walter D. Cruickshank, who noted the agency has several permits on hand to conduct the seismic tests. “The bureau's decision reflects a carefully analyzed and balanced approach that will allow us to increase our understanding of potential offshore resources while protecting the human, marine and coastal environments.”
Posted April 24, 2014
Washington Post: If foot-dragging were a competitive sport, President Obama and his administration would be world champions for their performance in delaying the approval of the Keystone XL pipeline.
Last Friday afternoon, the time when officials make announcements they hope no one will notice, the State Department declared that it is putting off a decision on Keystone XL indefinitely — or at least, it seems, well past November’s midterm elections. This time, the excuse is litigation in Nebraska over the proposed route, because that might lead to a change in the project that various federal agencies will want to consider. The State Department might even decide to substantially restart the environmental review process. This is yet another laughable reason to delay a project that the federal government has been scrutinizing for more than five years.
Posted April 23, 2014
Posted October 9, 2013
Fracking the U.S. Trade Deficit
Christian Science Monitor: The US is slowly chipping away at its trade deficit, which should create more jobs, more economic growth, less unemployment, and a smaller federal deficit.
And the boom in domestic energy production is a key factor behind that narrowing trade deficit Over the past decade, oil and gas production has surged at vast shale formations in Texas, North Dakota, Pennsylvania, and elsewhere across the US. That has led to a rise in exports of petroleum products and a reduction in the amount of oil and gas the US imports from abroad.
It's one benefit of the domestic hydraulic fracturing and horizontal drilling revolution that has stirred passion on all sides of the debate over America's energy future.
Read more: http://bit.ly/17XiSnK