Tag: "energy"

Wind Subsides Cost Taxpayers Big

Appears on Newsmax: A draft package released by the Senate Finance Committee proposes to revive a 2.3 cent per kilowatt-hour production tax credit (PTC) incentive for wind energy, which lapsed last December. Congress had voted to terminate the PTC along with other tax breaks for wind projects at the end of 2013, only to have […]

Natural Gas Production by State

From the American Legislative Exchange Council (ALEC): One of the greatest achievements of the American 21st Century has been the advances made in hydraulic fracturing and horizontal drilling technologies. These innovative well stimulation and extraction techniques have made enormous quantities of hydrocarbons that have been locked away in shale rock accessible now for the first […]

A Bland but Workable Energy Plan

House Energy and Commerce Committee Chairman Fred Upton and Senate Energy and Natural Resources Committee Chairwoman Lisa Murkowski have been working jointly on a passable energy bill. The Congressmen have also been coordinating with Energy Secretary Ernest Moniz to ensure the bill will not get vetoed at the President’s desk. On infrastructure, the Energy Policy […]

Senate Energy Policy Leaves Out Oil and Highway Funding

The focus of the Energy Policy Modernization Act of 2015 includes energy efficiency and conservation, protecting the electric grid and speeding up the application process for liquid natural gas refineries. The bill includes: The secretary of the Energy Department to issue a final decision on applications to export liquefied natural gas within 45 days after […]

The Arctic — Our Last Energy Frontier

As the Arctic Ocean ice thaws, countries prepare to tap into the vast energy resources currently trapped beneath the Arctic Ocean. The U.S. Geological Survey (USGS) estimates that the Arctic could hold as much as 12 percent of the world’s undiscovered oil and 30 percent of its undiscovered gas, not including unconventional oil and gas […]

Mexico Opens to Big Energy

For the past 55 years, Mexico has prohibited private companies from owning any of its oil and natural gas production. The national oil and gas company PEMEX, once a major international energy player, has been reduced to an irrelevant player due to the government’s ever increasing and frequent siphoning of funds from PEMEX. The demise […]

Economic Repercussions of the Renewable Fuel Standard

American Petroleum Institute’s Renewable Fuel Standard Facts: The Energy Independence and Security Act of 2007 included an expanded Renewable Fuel Standard (RFS), which the EPA used to develop a final rule effective July 1, 2010. To comply with the Standard, biofuel producers and importers must blend increasing amounts of biofuels into gasoline and diesel. However, […]

Oklahoma Fracking Companies Could Face Earthquake Lawsuits

Last week, the Oklahoma Supreme Court ruled that earthquake injury lawsuits against oil and gas companies could now be heard in district courts. Previously, the oil industry had been trying to avoid such court cases and asked for them to be heard only through the Oklahoma Corporation Commission. The State’s highest court rejected the request, […]

Study’s Conclusion Does Not Make New York Hydraulic Fracturing Ban Permanent

A conclusion of a seven year long review of hydraulic fracturing in the state of New York does not mean that a state wide hydraulic fracturing ban is permanent. The findings of the study might be the only thing that is official from Department of Environmental Conservation other than a speech made by the governor. […]

Private-Public Partnerships Move to Improve Texas Energy and Environment

Apart from obvious biological costs of the Deepwater Horizon oil spill in 2010, there were heavy indirect costs associated with the spill which most economists will likely never be able to calculate accurately. These intangible costs include the heavy blow dealt on the Gulf’s tourism sector that year. The mere cleanup costs of similar spills […]