News 

The Energy 202: Solar power is forging ahead, even if Trump doesn’t talk about it

“You may have missed the fact that exactly one week ago two major solar power plants, with a combined generating capacity of 179 megawatts, shifted into commercial operation on Bureau of Land Management property in southern Nevada” writes Energy Environmental Reporter for washingtonpost.com. It boasts 1,980,840 solar panels and generates enough energy to meet the demand of 46,000 homes. Source: washingtonpost.com Share This:

Read More
News Oil 

Oil gains as Forties outage, Nigeria strike threaten supply

“Oil rose on Monday, supported by a North Sea pipeline outage and a Nigerian oil worker strike” reports foxbusiness.com. While a fall in the number of U.S. rigs drilling for oil also underpinned prices, growth in U.S. crude output cast a shadow over the market.The strike by Nigerian oil workers created concerns over exports from Africa’s largest crude producer. Source: foxbusiness.com Share This:

Read More
News Oil 

Oil rises on North Sea pipeline outage, lower U.S. rig count

“North Sea operator Ineos declared force majeure on all oil and gas shipments through its Forties pipeline system last week after cracks were found” reports foxbusiness.com. Traders said the slightly higher prices came on the back of the North Sea Forties pipeline system outage, which provides crude that underpins the Brent benchmark, as well as indicators that U.S. oil production growth may be slowing.Brent crude futures , the international benchmark for oil prices, were at $63.67 a barrel, up 44 cents, or 0.7 percent, from their last close.”The force majeure…

Read More
News 

Global coal consumption forecast to slow

“There are eight coal power stations left in the UK, and ministers have promised to phase the fuel out entirely by 2025” writes Adam Vaughan for theguardian.com. Global consumption of coal will stagnate over the next half decade, the IEA forecasts, confirming the last two years’ record falls for the fossil fuel were not a blip.Sadamori said that declining electricity demand, an ageing coal fleet, EU pollution directives, renewables incentives and the government’s carbon tax had created a “perfect storm” to force the closure of British coal power stations.Every major…

Read More
Crypto News 

Bitcoin points the way to major changes for food and energy industries

“Companies including BP, ABN Amro Group and Mercuria Energy Group said last month they will adapt blockchain to streamline physical energy transactions” writes Bloomberg News for seattletimes.com. Vemanti Group said Dec. 12 it will invest in a Singapore-based company developing a blockchain-based platform for energy trading.While the bitcoin market relies on blockchain to transmit and store the value of each token, the transparent tracking technology might have even greater potential in tracking food and energy transactions.Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the…

Read More
News 

Concerned about radiation exposure? No more smartphone pillow talk

“For many people, the smartphone is ubiquitous, practically an appendage, playing a part in nearly every aspect of life” reports marketwatch.com. This is a problem, according to state health authorities in California, who issued a warning this week about exposure to radio-frequency energy emitted by cellphones and any deleterious impacts that RF energy may have on human health.The warning, according to TechCrunch, came on the heels of the court-ordered release of a 2009 document that discussed theorized but unproven links between RF energy and such serious health concerns as brain…

Read More
News 

Tax Bill Preserves Incentives for Wind and Solar Power

“The tax bill originally passed by the House had included an additional extension of tax credits for technologies like nuclear power, fuel cells and carbon capture” writes Brad Plumer for nytimes.com. Roughly two-thirds of wind projects and three-fourths of solar projects in the United States are supported by such tax-equity financing.In its original form in the Senate tax bill, that provision could have derailed the financing of new renewable projects.Many companies building wind and solar farms sell their tax credits to multinational banks and other investors who can use them…

Read More
News Oil 

Oil executives are panicking over the threat of electric cars

“Refiners and oil executives are beginning to look at the threat that electric cars pose to the future of diesel and gasoline as the vehicles gain staying power” writes John Siciliano for businessinsider.com. Electric cars are one way to get to that goal by relying on electricity instead of oil for fuel.He believes that most news outlets miss the significance of the electric car on refiners and oil producers.While the oil giant expects fuel-efficiency regulations and the growth of electric cars to push down oil demand significantly by 2035, BP…

Read More
Crypto News 

How virtual bitcoin production is ‘killing the planet’

“However, it has emerged that the production of bitcoins uses so much energy it threatens to seriously harm the planet” writes Patrick Sawer for telegraph.co.uk. Existing only in the digital sphere but currently worth a fortune, it is the virtual currency that has gone mainstream in recent weeks. Total electricity use in bitcoin mining has increased by 30 percent in the past month, according to accounting firm PwC.In recent months investors have flocked to the currency that exists only in cyberspace and is traded directly from person to person. Source: telegraph.co.uk…

Read More
News 

Tax bill keeps renewable energy tax credits alive, but hits banks that finance green projects

“The measure also captured wind and solar energy tax credits that developers sell to investors such as Goldman Sachs and JPMorgan Chase” writes John Siciliano for washingtonexaminer.com. It would reduce the tax deductibility enjoyed by financial institutions that help finance offshore renewable energy projects.The BEAT provision was included in the Senate’s tax bill, inserted to discourage large multinational companies from keeping money offshore.Banks that control the tax equity market allow wind and solar firms to use the guaranteed subsidy from the government to back loans to build projects.”Many tax equity…

Read More