The Consequences Of Rising Inflation & Crude Oil Prices
Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration. In “Domestic Oil Production in U.S Reached...more
Record U.S. Oil Production and the Potential Impacts - Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information...more
The Virginia Clean Energy Act, the Botetourt County Battery Power Facility and the Impact on the Commonwealth - The Virginia Clean Energy Act (“VCEA”) mandates that Dominion Energy Virginia and Appalachian Power, the two...more
Cap and Trade Gets a Big Win in Pennsylvania. Will It Last? "Pennsylvania Gov. Tom Wolf (D) announced that his administration had finalized a regulation to join the Regional Greenhouse Gas Initiative, a cap-and-trade...more
FERC Warned Renewables Planning Can Strand Grid Assets - "But at a FERC technical conference, others highlighted a potential risk for overbuilding and the cost it could incur for consumers." Why this is important: It's...more
Russia Chooses Not to Raise Natural Gas Supplies to Europe Despite Putin’s Pledge to Help - "Highly anticipated auction results showed Russia’s state gas giant Gazprom had not booked additional gas transit capacity for...more
Coal Power to Increase for First Time Since 2014, US Says - "The amount of electricity produced by coal plants is expected to tick up 22% in 2021, reversing coal’s six-year downward trend." Why this is important: For...more
Ford Building Massive Electric Vehicle and Battery Plants with $11.4 Billion Investment "Automaker says production hubs will bring 11,000 jobs to Tennessee and Kentucky." Why this is important: Ford Motor Company and...more
China Risks Winter Energy Crunch - "China is at risk of the same energy-crunch chaos seen in Europe, with a state-run newspaper warning that coal-fired power plants will struggle to keep the lights on this winter." ...more
Gas Stations Run Dry as Pipeline Races to Recover From Hacking - "Gas stations along the U.S. East Coast are beginning to run out of fuel as North America’s biggest petroleum pipeline races to recover from a paralyzing...more
Welcome to Volume 5, Issue 11 of Currents. As we begin a new month. I'll remind everyone that we are continually looking to write about different topics... In Shift, Oil Industry Group Backs Federal Price on Carbon - ...more
Welcome to our 46th issue of Currents for 2020. Our Energy Practice Group looked at current energy articles, and we also explain the significance of every article. These issues peaked our interest this week, and we have...more
Overview of the current energy mix, and the place in the market of different energy sources - Due in large part to the COVID-19 pandemic, U.S. total energy consumption in 2020 is on pace to decline for a second straight...more
U.S. Court Suspends Key Permits for Equitrans Mountain Valley Pipeline - "A U.S. federal appeals court issued a stay of key water crossing permits needed to complete construction of Equitrans Midstream Corp’s 300-mile...more
West Virginia Supreme Court Hears Arguments in Horizontal Drilling Taxation Case Involving Antero - "At issue is a consumer sales tax assessment of around $1 million the West Virginia State Tax Department has levied on...more
The Government of Alberta is laying out its plans to diversify and grow the province’s energy industry. The goal is to position the sector for responsible energy development in a post-pandemic world. Major announcements have...more
Mountain Valley Says Natural Gas Pipeline Timing Depends on Litigation, U.S. Approvals - “'As the litigation process progresses and as we receive additional information from FERC regarding potentially releasing the...more
Noble Energy Shareholders OK $4.1B Sale to Chevron - "The addition of Noble will boost Chevron's U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy." Why this is...more
Corona-Induced CO2 Emission Reductions are Not Yet Detectable in the Atmosphere - "Based on current data measured in the energy, industry, and mobility sectors, restrictions of social life during the corona pandemic can be...more
Spain Shuts Down Half of Its Coal Power Stations - "The move away from coal is driven predominantly by fundamental economics, although these are amplified by emissions trading schemes and other measures." Why this is...more
Environmental, Tribal Groups Sue to Block Alaska Refuge Drilling - "More than a dozen environmental groups and one representing northeast Alaskan tribal villages sued the Trump administration over a plan to open the...more
Trump Administration Approves Arctic National Wildlife Refuge for Land Leasing, Oil Drilling - "The Trump administration continues to roll back environmental protections and opening doors for the fossil fuel industry in...more
Exxon Mobil: Doubling Down While Facing Peak Oil Demand - "With most competitors pivoting away from upstream growth, Exxon continues to press ahead with investments despite very challenging current price environment for...more
China's New Coal Projects Make Up 90% of Global Total for First Half of 2020: Study - "Global coal-fired generation capacity saw a net decline of 2.9 gigawatts from January to June, the first drop on record for a six-month...more
Chevron’s Patience Pays Off with Bargain Deal for Noble Energy - "Like Anadarko, Noble is also a major player in the oil-rich DJ Basin of Colorado, as well as the oil-rich southwestern piece of the Eagle Ford Shale region." ...more