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Europe: +44 (0) 207 198 1634 Full rail cars outside Cloud Peak Energy’s Antelope Coal loading terminal in Rawlins, Wyo. About 40 percent of the nation’s coal is mined on public land in the state. Credit Jim Wilson/The New York Times WASHINGTON — The Obama administration will announce on Friday a halt to new coal mining leases on public lands as […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last […]
Source: U.S. Energy Information Administration, based on SNL Energy Wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, driven largely by lower natural gas prices. Because natural gas-fired generation sets the marginal price in many markets, wholesale electricity […]
Reliable electricity is the expectation of Texas consumers. The strength and reliability of the electrical grid are the lifeblood of our strong Texas economy. As the Public Utility Commission (PUC) considers a bid by Hunt Consolidated Energy to purchase the state’s largest electric transmission and distribution company, Oncor, I am very concerned the Hunt proposal, […]
Getting to 100% renewable energy in the US by 2050 is a goal that is gaining traction among the US public. Reports from many environmental organizations have been written on how to get to this target, including from Greenpeace and the World Wildlife Foundation. After last year’s COP21 conference, the momentum has gotten stronger in […]
Source: U.S. Energy Information Administration, based on Natural Gas Intelligence Natural gas spot prices in 2015 at the Henry Hub in Louisiana, a national benchmark, averaged $2.61 per million British thermal unit (MMBtu), the lowest annual average level since 1999. Daily prices fell below $2/MMBtu this year for the first time since 2012. Henry Hub […]
People bathe in the ‘Blue lagoon ‘ geothermal spa, one of the most visited attractions in Iceland in the Reykjanes peninsula, southwestern Iceland. (JOEL SAGET/AFP/Getty Images) PARIS—The president of Iceland credits renewable energy for reviving the tiny island nation’s economy after financial collapse. Geothermal energy provided the baseload Iceland needed to recover, said President Ólafur […]
Source: Bloomberg L.P. The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015. Weakness in global economic growth contributed to the overall decline in […]
HOUSTON — Investment research group Morningstar said Tuesday that the oil glut and low prices are likely to last at least through next year. “Declining U.S. oil production over the next several quarters will help reduce global oversupply, but in our opinion, that alone cannot quickly fix the current global imbalances, signaling an extended downturn […]
In the spring of 2009, in the depths of the Great Recession, the commercial photographer Jamey Stillings was having a hard time. The work had dried up at his Santa Fe, N.M., studio, so he decided to shift gears and put his energies in a different direction. Mr. Stillings had survived recessions before, so he […]
