EOG Resources is one of the top companies in the fracking industry, and thanks to the new tax bill passed by Republicans and President Donald Trump at the end of last year, EOG had an exceptionally strong year compared to 2016. In 2017, the company reported a net income of $2.6 billion. The previous year? A loss of $1.1 billion. That financial turnaround seems very impressive until … Continue reading GOP Tax Law Bails Out Fracking Companies Buried in Debt
Photographer: Mike Wilkinson/Bloomberg </div> </div> <p>The latest predictions from the Global Wind Energy Council (GWEC) suggest that wind capacity could reach 840GW by 2022, up by 56% from the recorded 539GW at the end of 2017.</p> <p>Overall 2017 showed a fairly steady state for wind, with growth of 11% or an additional 52.2GW … Continue reading Wind Growth Powers Ahead
Electricity prices in the U.S. (in real terms) have held steady for two decades. A remarkable record achieved because of: cost cutting during the initial days of industry deregulation, the abundance of natural gas that changed the fuel picture for electric generators and the declining cost of capital spurred in part by lower interest rates. … Continue reading Expect Electricity Prices To Rise Soon
Humanity’s ecological footprint may have leveled off after decades of consistent increase, according to new data released last week by the Global Footprint Network. Mathis Wackernagel, founder and CEO of Global Footprint Network, speaking in an interview with me from Oxford University just before the launch, said, “We may have reached peak eco-footprint, after years of … Continue reading Has the World Reached Peak Ecological Footprint?
Statista Age-standardized deaths per 100,000 people attributable to air pollution in 2016. </div> </div>">The annual State of Global Air Report was published on Tuesday by the Health Effects Institute (HEI) and it found that over 95 percent of the world's population is breathing unhealthy air. Long-term exposure to air pollution contributed to the … Continue reading Air Pollution Contributed To More Than 6 Million Deaths In 2016 [Infographic]
WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, something that could help farmers by bolstering corn demand. A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City, Iowa, United States, May 18, 2015. … Continue reading Trump says he will probably allow E15 gasoline sales all year
April 20, 2018 At the end of 2016, the United States had 56 large-scale fuel cell generating units greater than 1 megawatt (MW), totaling 137 megawatts (MW) of net summer capacity. Most of this capacity (85%) has come online since 2013. Fuel cells collectively provided 810,000 megawatthours (MWh) of electricity in 2016, representing 0.02% of … Continue reading Fuel cell power plants are used in diverse ways across the United States
In 2017, the world invested more in solar power than it did in any other energy technology and installed more new solar capacity than all other energy sources combined, including fossil fuels. Those are the bright findings of a UN-backed report Global Trends in Renewable Energy Investment 2018, published Thursday. The report, a collaboration between the United Nations Environment Programme, Bloomberg … Continue reading New Solar Capacity Exceeded All Other Fuel Sources Combined in 2017, Study Finds
In a recent article, I provided a firsthand look at the booming oil production in the Permian Basin. Notably, after 100 years of production, the Permian Basin is pumping record volumes of crude oil. However, as I also noted there are some looming constraints that threaten to slow this production growth: “Oil production can expand only as quickly as infrastructure can … Continue reading Could Natural Gas Threaten Permian Oil Production?
Wind power generated a record 6.3-percent share of total U.S. electricity last year, with four states generating more than 30 percent of their electricity from wind power, the American Wind Energy Association (AWEA) said in its newly released U.S. Wind Industry Annual Market Report 2017. In 2016, wind accounted for almost 6 percent of the … Continue reading Four U.S. States Generate Over 30% Of Their Electricity From Wind