After CSIRO last week released modelling showing that large-scale nuclear is high cost and would take a long time to implement, some might conclude this puts the other nuclear option – small […]
PI News Feed
U.S. Drivers Overwhelmingly Prefer Gasoline Cars to EVs
Americans continue to be fans of gasoline-powered vehicles and prefer them to electric vehicles (EVs) and hybrids, a new study by KPMG has shown. Assuming all costs and features are the same, […]
How to Fix Carbon Offsets
The White House announced guidelines this morning to strengthen the market for carbon offsets, otherwise known as the voluntary carbon market. Offsets allow companies or individuals to buy credits tied to emissions […]
Solar Power Set to Soar in the Middle East
Renewables capacity in the Middle East is set to soar in the coming years, with green energy sources outpacing fossil fuel usage in the power sector by 2040, according to Rystad Energy’s […]
Why The Natural Gas Price Collapse May Not Last
Whenever I try to get a feel for the direction of natural gas prices, the Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report is the first place I stop. This report […]
A Tale of Two Vehicles: Exploring BEVs and Hydrogen FCEVs
As the global community intensifies its efforts to combat climate change, the transportation sector has emerged as a crucial battleground. According to the International Energy Agency (IEA), carbon dioxide (CO2) […] The […]
Is a Tipping Point Approaching for America’s Most Prolific Oil Basin?
Midstream companies are benefiting from the Permian gas problem. The Permian basin has been the driver of growth in shale output for a number of years now, adding about 4-mm BOPD and […]
IRS issues new proposals for IRA renewables tax credits
In the draft proposal, the IRS defines a “qualified facility” as “a facility owned by the taxpayer that is used for the generation of electricity, that is placed in service after December […]
US slows plans to retire coal-fired plants as power demand from AI surges
New technologies are straining power supplies and forcing a shift in plans to reduce use of the fuel source via Financial Times – Energy https://ift.tt/7aUhPGy
Our U.S. summer natural gas consumption forecast for electric power matches 2023 record
We forecast that the natural gas consumed for electricity generation this summer in the United States will reach near the record set last year. Despite a 3% increase in overall U.S. electricity […]