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US Power Sector Needs $2.1 Trillion in Investment by 2035, Says EIA

December 22, 2014 by Jeff St. John

The US must spend $2.1 trillion for 30 years to modernize the grid and prepare for more renewable energy, according to the IEA. While the country’s “energy policy landscape has changed” since 2008, it still faces some serious barriers to reaching its carbon reduction and energy independence goals.[read more]

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Keystone XL Pipeline Project Update: The President Claims the Economic Benefits Will Be Minimal

December 22, 2014 by John Miller
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Obama and the Keystone XL Pipeline

During the President’s December 20th press conference he stated his position not to support the Keystone pipeline now includes the lack of economic benefits, claiming the benefits of the project will be minimal compared to risks and costs. Is this new claim in opposition to the Keystone XL pipeline reasonable?[read more]

Despite Lower Crude Oil Prices, U.S. Crude Oil Production Expected to Grow in 2015

December 21, 2014 by U.S. EIA: Today in Energy

Oil Prices and Future Drilling

The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA's Drilling Productivity Report includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. oil production.[read more]

Energy Quote of the Day: 'Lord, Grant Me One More Boom and I Promise Not to Screw it Up'

December 21, 2014 by Jared Anderson
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Energy Boom Opportunity

If you haven’t been near a computer, television, smartphone, or radio, benchmark oil prices are down about 40% from June. Given the ubiquitous media coverage, it can be hard to cut through the noise to find more insightful analysis and different views.[read more]

Energy Quote of the Day: Putin, the Ruble, Rosneft and Economic Crisis

December 20, 2014 by Jared Anderson

Russia, Oil, and Economics

The Russian economy is heavily dependent on oil – prices of which have been falling precipitously – and sanctions imposed by western governments in retaliation for Russia’s aggressive action in Ukraine are putting extreme pressure on the country’s currency.[read more]

Energy Quote of the Day: 'Short-Sighted and Reckless Victory for Health and Climate'

December 19, 2014 by Jared Anderson

New York Fracking Ban and Reactions

The opposite and deeply conflicted ends of the fracking spectrum that came alive when New York Governor Andrew Cuomo announced that the state would move to ban the practice of hydraulic fracturing, also known as 'fracking.' Reaction to the move has been swift.[read more]

Friday Energy Facts: OPEC Net Oil Export Revenues Expected to Fall in 2014 and 2015

December 19, 2014 by U.S. EIA: Today in Energy

OPEC Oil Export Revenue Drop

Based on market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries, excluding Iran, will earn about $700 billion from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings for the group since 2010.[read more]

Problems with $17 Trillion, Save-the-Planet Headlines

December 18, 2014 by Noah Deich
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Climate Change Mitigation and Costs

Bloomberg news recently ran an article on conventional Carbon Capture and Storage (CCS) technology titled “We Now Know How to Save the Planet. For $17.6 Trillion.” While “saving the planet” sounds great and “$17.6 trillion” sounds absurdly large, both claims are probably incorrect.[read more]

As Canada's New Energy Sheriff Shakes Things Up, Credibility is Imperative

December 18, 2014 by Jared Anderson

Canada, Regulation, and Trust

Alberta is Canada’s energy powerhouse, home to the country’s natural gas reserves and many coal mines. As the country seeks to be a global energy power it needs the steward of its abundant resources to be viewed as the world’s best, and that responsibility falls on the newly formed Alberta Energy Regulator.[read more]

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3 Climate Lessons From Lima

December 18, 2014 by Durwood Zaelke

Lessons from Lima

Climate change cannot be solved without leadership from heads of government, without immediate mitigation of near-term warming, and without cutting short-lived climate pollutants to complement the United Nations climate agreement.[read more]

Four Actions that Latin America's Cities Can Explore to Combat Climate Change

December 18, 2014 by NRDC Switchboard

Between now and 2050 global urban populations are projected to grow from 3.4 to 6.4 billion people. This type of rapid growth creates new and higher demand for resources, especially in the transport sector, a large source of greenhouse gas emissions and pollution, as well as an inescapable energy cost.[read more]

No Easy Answers When Disposing of Oil and Gas Wastewater

December 17, 2014 by EDF Energy Exchange
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Wastewater Disposal Policy

We all want easy answers. And the harder the question, the easier we want the answer to be. Increased natural gas use can help decrease emissions as it has a lower carbon content compared to coal or oil. But these benefits mean nothing if the communities where gas is produced suffer air and water pollution.[read more]

On the Meaning of Existence (and Power Plant Emissions)

December 17, 2014 by Meredith Fowlie
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Emissions and Existence

We don’t shy away from addressing the deep questions in energy and environmental economics. With this post, we tackle the very meaning of existence (with respect to power plants regulated under proposed greenhouse gas emissions standards).[read more]

Lima Call For Climate Action: The Long Road to Paris Begins

December 17, 2014 by Tom Schueneman

COP 20 and Looking Forward to Paris

Negotiations spilled into a marathon session at the COP 20 talks, finally ending Sunday morning, 31 hours after the scheduled end of the two-week conference, with what many call a “watered down” agreement. Sound familiar? It should. It has been the modus operandi for international climate negotiations for years.[read more]

Evaluating Fifteen Years of IEA Energy Forecasts

December 16, 2014 by Schalk Cloete
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Analyzing IEA Forecasts

This article takes a look at the accuracy and consistency of International Energy Agency forecasts by comparing a range of historical forecasts with actual data. The largest deviations are observed when looking at oil, coal and renewables other than hydro.[read more]