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According to RBC’s Head of Global Commodity Strategy, Helima Croft (subscription required), “Joe Biden’s energy agenda would likely be pragmatic, by Democratic Party standards, with no wholesale assault on the traditional fossil fuel sector.” She notes that a Biden presidency would be a sharp departure from the Trump presidency on energy policy, but the shift away from fossil […]
California prides itself on being at the forefront of the so-called energy transition, having set its first renewable portfolio standard in 2002, requiring 20 percent of its electricity to come from renewables by 2010. In 2008, California increased the state’s renewable portfolio standard to 33 percent by 2020, followed by SB 350, which in 2015 […]
While Democratic Party presidential candidate Joe Biden is touting his $2 trillion climate plan as a way to stimulate the U.S. economy from the lockdown caused by the coronavirus, China is building coal-fired plants and is using record amounts of diesel in its construction program. China is currently planning to build over 200 gigawatts of […]
Democratic Party presidential candidate Joe Biden’s $2 trillion energy plan includes Senate Minority Leader Chuck Schumer’s Clean Cars for America proposal. To enable the proposal, Biden will provide consumers rebates to swap old, less-efficient vehicles for newer American vehicles along with targeted incentives for manufacturers to build or retool factories to assemble zero-emission vehicles, parts, […]
California does it again. In 2001, California experienced rolling blackouts due to energy market manipulation by energy wholesalers and a shortage of pipelines. Now, Californians are again facing rolling blackouts, and this time it is due to California’s forced reliance on solar and wind power. Due to a severe heatwave and without the wind blowing and the […]
A U.S. Department of Energy study has found tremendous opportunities for the Appalachian Basin because of the shale gas revolution and the region’s abundant coal reserves. According to the report, a petrochemical hub and a next-generation manufacturing center could develop in Appalachia, a region including West Virginia and parts of Kentucky, Ohio, and Pennsylvania, because […]
Joe Biden’s $2 trillion climate plan is supposed to eliminate carbon dioxide emissions from the electric sector by 2035. In 2019, 62 percent of U.S. electricity generation was produced from natural gas, coal, and petroleum products—the energy sources that will need to be replaced if Biden’s plan goes into effect. Assuming that Biden’s plan allows […]
From the Permian Basin on July 29, President Trump proudly recounted his best energy decisions and the achievements of industry that have followed. His highlights included: Withdrawal from the Paris Agreement Cancellation of the Clean Power Plan Approval of Keystone XL and Dakota Access pipelines Opening up of ANWR Ending the moratorium on coal leasing […]
Along with other topics in his bunker reports, Joe Biden weighed in on President Trump’s prophylactic use of hydroxychloroquine. “It’s like saying maybe if you inject Clorox into your blood it may cure you.” “Hydroxychloroquine” does contain all the letters in “Clorox,” but no serious medical person would equate the two. And though there are studies that […]
While pipelines in the United States face increasingly hostile legal challenges, China is seeing the importance of a national oil and natural gas pipeline network and is buying pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion). PipeChina was created in December 2019 to consolidate pipeline assets from the country’s state-owned oil and […]