FERC Set to Announce Fines on Barclay’s Bank for Energy Trading Manipulation Today

By: Wednesday October 31, 2012 8:30 am

Barclays Bank, the only bank to date to settle in the Libor scandal, could face more regulatory probes down the line on a number of other issues, including an energy trading scandal in the US.

Republicans Raise Concept of Extending Wind Power Tax Credit, With Eventual Phase-Out

By: Monday October 29, 2012 8:30 am

There’s an election to win, particularly in wind-rich states like Iowa and Colorado, and so now the Republican standard-bearer has changed his position on allowing the wind energy production tax credit to phase out. The tax break subsidizes wind power by 2.2 cents a kilowatt hour to bring its cost closer to that of conventional [...]

The US: The Saudi Arabia of Oil

By: Wednesday October 24, 2012 7:01 am

I recall hearing quite a bit from various governors that the US is the “Saudi Arabia of coal” or the “Saudi Arabia of wind,” or whatever natural resource they had in abundance. Now, according to AP energy writer Jonathan Fahey, the US verges on becoming the Saudi Arabia… of oil. U.S. oil output is surging [...]

The Surging Coal Export Industry

By: Tuesday October 23, 2012 12:27 pm

Matt Stoller has an interesting set of charts showing the recent run up in investment in resource extraction, particularly from the oil and gas industry. Matt explains this mostly through the run-up of shale oil and natural gas extraction, which have both advanced significantly in the US. Renewables are increasing as well, but from an [...]

Wind Energy’s Boom and Bust Cycles

By: Thursday October 18, 2012 11:36 am

Tim McDonnell has a good, depressing piece on the wind power industry scrambling to extend the production tax credit, and the carnage that will face the industry if they fail. This has been turned into an electoral issue because of the prominence of the industry in swing states like Iowa and Colorado, and because Mitt [...]

Administration Wrestles With Granting Natural Gas Export Permits

By: Wednesday October 17, 2012 10:00 am

For all the influence and power in fracking today, if the US were to export natural gas that would magnify a hundred fold. Think about the difference between Saudi Arabia only supplying their domestic industries with oil fuel and supplying the world. There’s no comparison. Natural gas has traditionally been very difficult to export, but [...]

The Depressing Energy Debate in America

By: Wednesday October 17, 2012 7:39 am

Anyone hoping to see an end to our policies of encouraging the burning of fossil fuels certainly winced at the energy section of last night’s debate, which did not mention climate change but did feature both candidates trying to convince the country that they would deliver more coal and oil-based domestic energy.

A123 Systems Bankruptcy a Consequence of Consolidation Rather Than “Stimulus Bust”

By: Tuesday October 16, 2012 12:14 pm

In a bit of bad timing, A123 Systems, the advanced battery manufacturer which received one of the Energy Department’s stimulus grants to fund its operations, filed for Chapter 11 bankruptcy protection today, and will in all likelihood default on some debt. The battery maker did say that it would sell its automative facilities in Michigan [...]

Why California’s Gas Prices Have Skyrocketed

By: Monday October 8, 2012 12:07 pm

Brad Plumer has a decent enough explanation of why gas prices have soared in California over the past week or so. Being a California resident, perhaps I can provide a bit more insight into how this has played out on the ground. Professor James Hamilton explains that a series of refinery and pipeline shutdowns, and [...]

Andrew Cuomo Pressured Into Delaying Approval on Fracking

By: Monday October 1, 2012 9:45 am

Here’s a story about the power of independent, outside movements to advance policy arguments. The story about fracking in New York was that it would simply happen, without much resistance from the state government. The special interests were too powerful, there was too much money at stake. In fact, nationally, the fracking boom is key [...]

Climate Change Already Causing $1.2 Trillion in Lost Economic Output, 4.5 Million Deaths Annually

By: Wednesday September 26, 2012 12:58 pm

Every time I write about climate change, it’s all I can do not to sigh and think about how doomed we are. Climate change represents one of the most impossible problems to solve purely for political reasons. It’s not a technological deficiency; even if it were, we can clear that hurdle. But this is an [...]

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