2018年3月21日 星期三

Morning Volt for 03/21/2018 

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Morning Volt

The Bayou Bridge Pipeline & the Global Energy Picture

Guy Caruso, RCEnergy

According to a recent report from the International Energy Agency (IEA), the United States is poised to play a major role in supplying oil demand growth around the globe. U.S. oil production growth is projected to meet more than half of global oil demand growth during the next five years. At a time of increasing international uncertainty, the United States' growing energy production capabilities could not be more opportune. U.S. energy supplies, particularly oil and natural gas, can make a preeminent contribution to global energy security.At the same time, steady investments in our nation's...

Trump Can't Derail Renewable Energy Push

Shelley Goldberg, Bloomberg View

When President Donald Trump entered office, it was clear that policies boosting energy production would take precedence over those protecting the environment.The administration's 2019 budget and its addendum proposed sweeping rollbacks to programs designed to limit environmental pollution and mitigate the effects of climate change, while slashing funds devoted to research on renewable energy.Yet despite this setback, these policies should not leave investors in renewable energy holding the short end of the stick. Instead, this sector is showing signs of a revival thanks to public-private...

Taming the Environmental Beast Meant to Be a Watchdog

James W. Coleman, IBD

What was first proposed by Congress as a modest law to assess the environmental impact of highway construction and other publicly owned projects, has grown into a bureaucratic monster, the likes of which no one ever imagined.Nearly a half-century ago, before major federal environmental laws existed, Congress wanted to ensure that all federal agencies consider the environmental impact of their actions. This well intended action led to passage of the National Environmental Policy Act (NEPA).

Climate Policy Might Be Power Companies' Only Hope

David Roberts, Vox

US power utilities are in serious trouble.Back when they were created, in the early 20th century, utilities were designed to electrify America. They would invest in the machinery needed to keep up with rising power demand; the returns on those investments would fund the next round of investments; and so on, in perpetuity.It all worked out fine as long as America's appetite for electricity kept growing, justifying round after round of new investments.But that's over now. After 100 years of robust, dependable growth, demand has leveled off. The economy is still growing, but electricity demand...

In Light of Russian Attack, Utilities Seek New Defenses

Ken Silverstein, Forbes

Now that the Department of Homeland Security and the FBI have formally accused of Russia of penetrating this nation's cyber defenses and threatening our critical infrastructure, what can be done? The simple answer is to have a common defense to prevent any cascading effect and total disruption.That's the findings of Protect Our Power, which seeks to safeguard the nation's transmission grid from cyber attacks. It would first devise a set of best practices and identify the best available technologies to guard against an invasion. And then it would push for the adoption of those same...

Tsunamis of Innovation Are Shaking the Energy Industry

David G. Victor, BI

Tsunamis of innovation, anxiety, and opportunity are now washing over the world's energy system. New technologies have transformed the global markets for oil and gas. The United States is on track to become the world's largest oil producer within a decade, as my Brookings colleague Samantha Gross has analyzed. Meanwhile, countries from Russia to Saudi Arabiathat used to have the problem of finding ways to spend huge amounts of cash earned from oil exportsare now learning to be a lot more frugal. Innovation is making some fuels, like natural gas, significantly more competitive while...

Oil Rises to Three-Week High on Middle East Tensions

Stephanie Kelly, Reuters

Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing U.S. crude production.Brent crude LCOc1 futures for May delivery rose $1.75 to $67.80 a barrel, a 2.7 percent gain by 12:09 p.m. EDT, their highest level since late February. U.S. West Texas Intermediate (WTI) crude CLc1 futures for April delivery rose $1.72 to $63.78 a barrel, a 2.8 percent gain.The more active May U.S. crude futures CLc2 rose $1.76 to $63.89 a barrel.

NY, CT Petition EPA to Force States to Reduce Their Emissions

Erin Mundahl, IS

Since taking office, President Donald Trump and his administration have made dramatic changes to federal environmental policy. At the same time, they have faced stiff resistance from state governments, who have begun to move into the environmental regulatory space on issues like carbon emissions. Oftentimes these decisions were meant to provide regulation in lieu of federal laws. In one developing case, however, New York and Connecticut are petitioning to compel the federal government to take regulatory action, in a move that has the potential to impact up to nine other states.At Governor...

Fed's Economic Outlook to Guide Weak Crude Oil Market

Navneet Damani, IT

Crude oil prices were very volatile within a range, as concerns about rising supply from the US and elsewhere threatened to undermine efforts by Opec and other producers to tighten the market.Several reports last week renewed investor focus on potential for rising supply to overwhelm the expected gains in crude demand for 2018. US crude inventories climbed for second consecutive week amid weakening oil demand as well as refinery utilisation rates and improving shale output.

Tariff Exclusion Would Free Funds to Open New Solar Facilities

Julia Pyper, GTM

Solar industry stakeholders filed applications with the Office of the U.S. Trade Representative last week seeking exclusions from the Trump administration's 30 percent tariff on importedsolarproducts.Requests were due Friday night and a total of 55 comments were ultimately received, according to the USTR docket.California-based Solaria Corporation, Korea's Hanwha Q Cells and EU ProSun, a group representing 80 percent of European solar cell and module production, were among those to submit requests. Inverter manufacturers Enphase and SolarEdge also filed comments seeking exemptions for their...

China's Gas Storage Capacity Can't Keep Up With Demand

Irina Slav, OilPrice.com

China's natural gas storage capacity currently equals just 3.3 percent of the country's demand for the commodity. This needs to changeand fastif China is to succeed in its shift away from coal and oil to gas and avoid a repeat of the gas crunch that left several million homes without heating and electricity this winter.There are plans in place to boost gas storage capacity to 4.8 percent of demand over the next three years, but this would still be below the global average, which is 11.7 percent of demand. Even the longer-term target of storage equaling 5.8 percent of China's gas demand...

Improvements to US Nuclear Power Regulation

William Murray, R St.

The current U.S. regulatory regime for nuclear power is currently misdirected, with too much attention and resources being targeted toward the current operating fleet at the expense of new generations of reactor technology that is safer. Additionally, export control rules concerning unclassified nuclear technology are so poorly administered that they are undermining U.S. participation in the global marketplace.Congress should act quickly to help improve the situation by passing legislation that does the following: Create a new regulatory infrastructure for future reactors, develop and fund...
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