Energy Update
Fake news, politics and social media impact more than elections. There is no question that the credibility of American institutions and news sources has suffered in the past year, from the combined influence of continued vilification of the media, retracted news stories and the ever-growing use of social media platforms. But by how much?
The ex-head of the Obama administration’s energy department believes energy storage will remain too expensive to meet long term urban power storage needs, and believes chemical alternatives will need to be found.
(Tue, 30 Jan 2018) In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production.
The Iraqi oil ministry has revealed its intentions to construct an oil refinery with a capacity of 300,000 barrels per day (bpd) at Port Fao with the help of two Chinese companies.
Targa Resources has entered into an agreement to expand its natural gas processing joint venture with MPLX in Oklahoma.
Saudi's dream of securing a $100bn windfall from the IPO of Aramco may be clouding its judgement. It needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude.
New Jersey Governor Phil Murphy announced his state is rejoining the multi-state, bipartisan effort to reduce carbon pollution, known as the regional greenhouse gas initiative (RGGI).
The rationale for imposing tariffs is complete bunk. Most, if not all, of government support for the solar industry in China has now been withdrawn. President Trump is pretending to protect U.S. manufacturing jobs, though in reality the decision will cost nearly 23,0000 U.S. jobs in the downstream segments of the industry, according to estimates by the Solar Energy Industries Association (SEIA).
Falling costs for solar power have led to an explosive growth in residential, commercial and utility-scale solar use over the past decade. The levelized cost of solar electricity using imported solar panels — that is, the solar electricity cost measured over the life of the panels – has dropped in cost so much that it is lower than electricity from competing sources like coal in most of America.
So far in January, Duke Energy filed three renewable energy programs with the North Carolina Utilities Commission (NCUC) to expand renewable energy options for its 3.2 million customers in the state.
The Solar Rebate, N.C. Shared Solar and Green Source Advantage programs are part of a portfolio of customer offerings the company is proposing as part of the Competitive Energy Solutions for North Carolina law – sometimes referred to as HB 589.
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