WASHINGTON (AP) – Former Texas Gov. Rick Perry, who famously forgot the Energy Department was one of the agencies he pledged to eliminate, is President-elect Donald Trump’s choice to become energy secretary, two people with knowledge of the decision say. Perry is likely to shift the department away from renewable energy and toward oil and other fossil fuels that he championed as Texas governor. Perry, 66, left office in January 2015 after a record 14 years as governor and then launched his second ill-fated bid for the Republican presidential nomination. He was a harsh critic of Trump, even calling the billionaire businessman a […]
A new strategic axis is forming in the Middle East, and this axis could play a transformative role in the region, upsetting the longstanding balance of power. Ankara has apologized to Moscow for the shooting down of a fighter plane last year. Iran and Russia have both condemned the July coup attempt in Turkey. The three countries are now negotiating a joint involvement in Syria. That’s a powerful alliance of two major oil nations, and one country that sees itself as a major energy hub. Turkey’s turn to Moscow in the wake of the 15 July coup […]
The U.S. Energy Information Administration’s EIA International Energy Outlook 2016 (IEO2016) projects world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from countries that are not in the Organization for Economic Cooperation and Development (OECD), including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for over half the world’s increase in energy consumption over the projection period. Concerns about energy security, effects of fossil fuel emissions on the environment and sustained, long-term high world oil prices...
Alberta has a glut of oil and natural gas hanging over the energy markets these days, but there’s another commodity piling up in the province, waiting to burst out: frustration. According to the Calgary Herald, frustration was a prevailing theme for the province’s energy minister – and many industry players – at the recent Canadian Energy Research Institute’s 2016 Oil and Gas Symposium when the discussion turned to the need for new pipelines. While the sector can’t escape the brutal reality of low oil and natural gas prices, economic issues are compounded by Alberta being […]
Pittsburgh is repackaging itself as an energy innovation city, with new research facilities ramping up at the University of Pittsburgh. The new Energy Innovation Center will be a place where private industry, universities and foundations come together to work on research in a space that hosts job training programs sponsored by the center. “It’s all market-driven. We’re satisfying a need,” Bill Miller, the center’s chief operating officer and vice president, told Triblive.com. Miller is part of a private venture company that saw the need for the center and began converting older space on the university’s […]
After years of isolation, Iran has emerged from the economic shackles of sanctions and is rapidly trying to lock in energy alliances in the Gulf, Europe and Asia. The Islamic Republic’s ailing energy industry is expected to thrive in 2016, with up to 500,000 bpd of additional crude oil entering the market and a swathe of oil gas memorandums of understandings (MOUs) signed with both historic and emerging trade partners; China, Oman, Turkey and European clients. But, Iran’s reemergence comes against a backdrop of deepening political and economic discord; neither helped by oil prices sinking...
Williams’ second off-gas liquids extraction plant, a key asset in the company’s Canadian midstream and petrochemical complex is up and running. The new plant boosts domestic production of feedstocks and significantly reduces emissions in the oil sands production process, while recovering valuable natural gas liquids (NGLs) and olefins. Serving an upgrader facility north of Fort McMurray, Alberta, the plant is designed to reduce emissions of CO2 – a greenhouse gas – by an average of 200,000 tons per year and reduce emissions of SO2 – a contributor to acid rain – by an average of...
World energy consumption is projected to increase by 48% over the next three decades, led by strong increases in the developing world—especially in Asia, according to International Energy Outlook 2016(IEO2016), released today by the U.S. Energy Information Administration (EIA). Rising incomes in China, India, and other emerging Asia economies are a key driver of the global energy outlook. “Developing Asia accounts for more than half of the projected increase in global energy use through 2040.” said EIA Administrator Adam Sieminski. “This increase will have a profound effect on the development of world energy markets.” Clean energy […]
When it comes to satisfaction among business customers of gas utilities, one-in-four considers “safety and reliability” to be the most significant factor, according to a new study by marketing information firm J.D. Power. Other categories gaining responses as top priorities by respondents to the 11th annual Gas Utility Business Satisfaction Study were billing and payment (17%), corporate citizenship (15%), price (15%), customer service (15%) and communications (13%.) John Hazen, senior director in Energy Practice at J.D. Power, said one of the most important areas driving high satisfaction levels, particularly in the business sector, has been […]
A recent report by the Department of Economics and the Institute of Political Economy at Utah State University explored often overlooked factors that affect the cost of generating electricity from wind, solar, coal and natural gas. While most cost estimates include face-value or seen costs, such as capital, operations and maintenance, and transmission, many estimates overlook the unseen costs that result from government intervention in the energy market. Wind and solar power receive the lion’s share of modern energy subsidies in the United States. In 2013, wind power received 37% of federal subsidies for electricity […]
The best advice that I offer about energy is to be skeptical of what anyone tells you. No matter what side of the political or social spectrum you fall into, everyone has got an angle they want to sell. Don’t believe any of them without checking the facts and understanding where the message is coming from. This time I’m not even talking about our energy-clueless president and his pandering to his base as he searches for a legacy issue or the API’s rabid distaste for the administration since Day One. What has me roiled are […]
The American Gas Association (AGA) today praised the U.S. Senate for passing the Energy Policy Modernization Act (S. 2012) which contains several provisions that would benefit natural gas customers throughout the nation, including a provision to increase energy efficiency in federal buildings. “The bipartisan energy legislation passed by the Senate contains provisions that promote strategic use of our nation’s natural resources,” said AGA President and CEO Dave McCurdy. “Natural gas utilities have been supportive of this legislation through its many stages and worked with the energy efficiency community and other allies to strengthen the bill […]