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IMF Study: Global Energy Subsidies Will Cost $5.3 Trillion in 2015

May 19, 2015 by Katherine Tweed
10

Global Subsidy Costs

The global post-tax subsidy for energy, which accounts for the environmental and health toll, will be an estimated $5.3 trillion in 2015, more than 6 percent of global GDP. The figure is more than double the IMF’s own post-tax subsidy analysis just a few years ago.[read more]

Lessons of the Move from Hybrids Back to SUVs

May 19, 2015 by Steven Cohen
3

The shift in consumer attitudes from the purchase of hybrid vehicles back to large and gas guzzling SUVs due to the recent drop in gas prices demonstrates that mass behaviors that lead to a sustainable and renewable economy will not come from a simple desire to protect the environment.[read more]

Nonpetroleum Share of Transportation Energy at Highest Level Since 1954

May 19, 2015 by U.S. EIA: Today in Energy

Transportation Energy Share

In the United States, petroleum is by far the most-consumed transportation fuel. But recently the share of fuels other than petroleum for U.S. transportation has increased to its highest level since 1954, a time when the use of coal-fired steam locomotives was declining and automobile use was growing rapidly.[read more]

President Obama Regrettably Approves Oil Drilling in the Arctic Ocean

May 18, 2015 by Henry Auer

President Obama granted conditional approval to Shell to begin drilling in the Arctic Ocean off of Alaska. In addition to generating grave misgivings about possible environmental damage from drilling accidents, this decision represents a major compromise with the President’s own policies on global warming.[read more]

The Energy Gang: Peak Oil in an Era of Fossil Fuel Abundance [PODCAST]

May 18, 2015 by Stephen Lacey

Peak Oil and Fuel Booms

Over the last few years, those worried about peak oil have been on the defensive. The fracking revolution has brought an abundance of oil and gas that no one thought possible. So we can declare peak oil dead, right? Chris Nelder, an energy analyst, has a simple answer: No.[read more]

Hamm vs. Powers: Bulls, Bears, Breakeven Prices, and U.S. Oil Output

May 18, 2015 by Jared Anderson

Energy Markets and Energy Booms

Widely divergent views were on display recently with Continental Resources’ CEO Harold Hamm promoting US crude oil exports, Energy Information Administration Chief Adam Sieminski discussing recent oil market lessons and author Bill Powers playing the pessimist.[read more]

First Real Debate on the EU Energy Union Reveals Top Priorities [VIDEO]

May 18, 2015 by Kasper Peters

EU Energy Union Debate

Sonja van Renssen is joined by Maroš Šefčovič (Vice-President of the European Commission in charge of Energy Union), Morten Helveg Petersen MEP and Anders Marvik (Statoil EU Affairs) to debate the question: “Where to next for the Energy Union?"[read more]

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President Obama Approves Drilling in the Arctic: Should We Be Outraged?

May 14, 2015 by Jesse Jenkins
43

On Monday, the Obama Administration gave conditional approval for Royal Dutch Shell to begin exploratory drilling for oil in the Arctic waters off the northern coast of Alaska. On environmental grounds alone, I think drilling offshore in the Arctic is a foolish risk.[read more]

The Fossil Fuel Subsidy Red Herring

May 14, 2015 by Alex Trembath
34

Fossil Fuel Policy and Subsidies

Every few months we hear another round of passionate recommendations that fossil fuel subsidies be phased out to level the playing field for clean energy. Sounds sensible, but there’s reason to think that eliminating fossil fuel subsidies wouldn’t be nearly as transformative as is often suggested.[read more]

"Pre-Pay" Carbon Policy: How Carbon Removal Enables Regulatory Alternatives

May 14, 2015 by Noah Deich

Carbon Removal and Regulatory Policy

There is growing support for governments across the world to price carbon emissions. Moving from theory to practice, however, has proven challenging, as the two leading approaches to pricing carbon, carbon taxes and cap-and-trade programs, only cover about 12% of all carbon emissions globally today.[read more]

Implications of Higher Domestic Crude Production for U.S. Refining

May 12, 2015 by U.S. EIA: Today in Energy

U.S. Oil Production Effects and Impacts

The Energy Information Administration is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.[read more]

Top 20 Risk Factors Cited by the 100 Largest U.S. Upstream Oil and Gas Players

May 11, 2015 by Jared Anderson

Oil and Gas Risk Factors

What are US oil and gas producers most concerned about in the current oil price environment and over the longer term? Financial advisory and consulting firm BDO took a stab at answering that question in their annual 'BDO Oil and Gas RiskFactor Report.'[read more]

Dismal Economics and Increased CO2 of Montpelier District Heating Plant

May 11, 2015 by Willem Post
48

The renovated City of Montpelier, Vermont district heating plant is a wood chip-fired plant that also has a capacity of 40 million Btu's per hour. The plant heats a total area of 411,000 square feet through the use of a steam loop and a hot water loop.[read more]

Why We Have an Oversupply of Almost Everything, From Oil to Labor to Capital

May 9, 2015 by Gail Tverberg

Supply and Risk

Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to Growth, a situation modeled in 1972 in a book by that name. What happens is that economic growth eventually runs into limits.[read more]

U.S. Energy Demand Slows Except for Industrial, Commercial Sectors

May 8, 2015 by U.S. EIA: Today in Energy

United States Energy Demand and Change

U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. Domestic consumption is expected to grow at a modest 0.3% per year through 2040, less than half the rate of population growth.[read more]