Insight and inspiration in turbulent times.
The number of oil and gas rigs in the United States has increased an astonishing 38 percent over the past year. That’s according to S&P Global Platts Analytics, which reported this week that the country had 1,070 rigs at the end of January, up from just 773 a year earlier.
How did the legal innovation of “advance cost recovery” allow utilities in South Carolina, Georgia, Florida and Mississippi to torch more than $40 billion on nuclear and coal plants that went way over budget or never produced a single kilowatt-hour of electricity?
Last month, the Oregon Court of Appeals upheld Portland’s ban as constitutional, affirming the city’s power to regulate the safety and welfare of its residents and sending a powerful signal to cities that they too can take the lead to limit fossil fuel use.
Less than a week after construction began on the controversial Bayou Bridge pipeline in Louisiana, a coalition of crawfishers and environmental groups took legal steps to immediately shut down the project.
For the first time, the European Union generated more electricity from wind, solar and biomass than from coal in 2017, according to new analysis from two thinktanks.
The climate system will heat well past 1.5 degrees Celsius (°C) and perhaps up to 2°C without any further fossil fuel emissions. That’s the conclusion to be drawn from new research which should also help demystify the rhetoric from the 2015 Paris climate talks of keeping warming to below 1.5°C .
Are you a fan of beheadings? Are you fond of autocratic regimes? Do you want to help those kooky, lovable Koch brothers purchase another member of Congress? Do you yearn to support Saudi Arabia, Iran, Donald Trump, and Vladimir Putin, but it seems so difficult to give them direct, individual donations? Lucky for you, there’s an easy answer! Just buy gasoline!
It looks very as much as if before “over developed” countries like Germany can hope to develop an all-renewables power system, let alone an all-renewables based energy system including non-electric energy uses, it will have to dramatically reduce its power consumption.
According to most observers, the speculative bubble-of-the-year award for 2017—had there been one—would have gone to Bitcoin, the value of which soared from under $800 in January of last year to almost $20,000 by mid-December.
Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.”
Because energy fuels both human development and environmental damage, policies that encourage energy demand reduction can run counter to policies for alleviating poverty, and the other way around. Achieving both objectives can only happen if energy use is spread more equally across societies.
During Nate Hagens’ #WEP2018 keynote, he discussed how all of our lives will be influenced by how we react to the coming era of harder to extract and more costly fossil fuels that will be combined with cleaner but more stochastic energy types.
