Lynne Kiesling Ron Bailey gets the quote of the day from this post about how cheap natural gas is roiling various energy markets, including renewables and nuclear: Can an energy source be all that bad if it scares the two most heavily subsidized sectors of the electric power generation industry?
Michael Giberson Speed blogging a few stories: “The ’100 mpg prize’: An idea whose time has passed?” by Ken Paulman Earlier this week, California GOP Rep. Dan Lungren introduced a bill that would offer a $1 billion prize to the first automaker than can put 60,000 cars achieving 100 mpg on the road. Only requirement …
Lynne Kiesling Ken Silverstein has a good article in Forbes on the business prospects for shale gas developers (and I’m glad to see him there, having followed his work for a very long time). Since he asks in the title whether low shale gas prices are a mirage, I think it’s useful to go through …
Shale Gas Glut, but Won’t Last? The Underlying Model Read More »
Michael Giberson The Minneapolis Star Tribune reports that low natural gas prices are putting the squeeze on biomass-based energy projects in Minnesota, in some cases including biomass projects supported by direct taxpayer or ratepayer subsidies. One example, an ethanol plant once gained about 20 percent of its heat from a $20 million biomass gasification system. …
Michael Giberson In the State of the Union address, President Obama invoked a little federal government research history and then jumped to the kind of logical non sequitur so common to those who see the world through politically-colored glasses: The development of natural gas will create jobs and power trucks and factories that are cleaner …
Was Federal Government Support Critical to the Shale Gas Breakthrough? Read More »
Michael Giberson For your convenience, the energy policy parts from last night’s State of the Union address. Be aware that I’ve dropped some non-energy words, phrases or even short sentences without indicating where such edits happened in order to make this extract relatively clean. In some cases I kept non-energy bits that seemed useful as …
Michael Giberson Robert Rapier posts this chart: Rapier noted that last week Obama observed the energy production trends: “Under my administration, domestic oil and natural gas production is up, while imports of foreign oil are down,” Obama added in his statement. “In the months ahead, we will continue to look for new ways to partner with …
Michael Giberson From the most recent (January 2012) edition of Energy Economics: “Testing the Masters Hypothesis in commodity futures markets” by Scott Irwin and Dwight Sander. The “Masters Hypothesis” refers to claims by investment manager Michael Masters (in testimony before a Senate committee -included in this collection– and on the TV program 60 minutes, among …
Michael Giberson Yesterday the Energy Information Administration released the results of its analysis of possible price effects from increased natural gas exports, and the Wall Street Journal finds the drama (“Gas Prices Could Rise With Exports”): Increased exports of U.S. natural gas could drive up domestic gas prices as much as 54% in 2018, federal officials …
Wsj Says Eia Says Natural Gas Prices Could Jump 54 Percent with Exports Read More »
Michael Giberson Michael Graetz’s The End of Energy is a fascinating run through 40 years of U.S. energy policy making. Engaging and at times even entertaining if you are at all interested in energy issues. In Graetz’s telling it is mostly a story of 40 years of failure, though he notes a few successes along …
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