Environmental Economics
The cromulent economics blog
recent posts
Category: Energy Resources
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From the WSJ (Oil Demand Expected to Peak This Decade as EVs Boom): Rising demand for crude oil is set to slow to a trickle within five years and peak before the end of the decade, as electric-vehicle uptake surges and developed nations rapidly transition to cleaner sources of energy, according to a prominent energy…
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From the NYTimes (In Surprise, OPEC Plus Announces Cut in Oil Production): Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 million barrels of crude a day, or more than 1 percent of world supplies, in an apparent effort to increase prices. Oil prices soared…
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From E&E News (DOE: Major LNG project ‘would not increase’ CO2) from June 2022: A proposed liquefied natural gas project in Alaska would not raise greenhouse gas emissions, according to a new federal environmental review that assumes LNG exports elsewhere will continue to meet demand even if the planned pipeline and terminal aren’t built. ……
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The decision to allow mining in Alaska is controversial (Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska): In one of its most consequential climate decisions, the Biden administration is planning to greenlight an enormous $8 billion oil drilling project in the North Slope of Alaska, according to two people familiar…
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Hotelling's Rule is a theory of nonrenewable natural resources that says that prices of such resources will rise at the rise of interest over time (all else equal). When there is a backstop fuel, think renewables like wind and solar, the "switch point" is when society switches from nonrenewables to renewables because the price of…
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From the WSJ (Investors Plow Into Renewables, but Projects Aren’t Getting Built): Even as developers plan an unprecedented number of grid-scale wind and solar installations, project construction is plummeting across the U.S. Despite billions of dollars in federal tax credits up for grabs and investors eager to fund clean energy projects, the pace of development…
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I'm just going to leave this here. I have no idea where to start… POET announced today it will idle production at its bioprocessing facility in Cloverdale, IN due to recent decisions by the Administration regarding SREs. The process to idle the plant will take several weeks, after which the plant will cease processing of…
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Ladies and gentleman, an actual press release from the Department of Energy (with EMPHASIS ADDED): “Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy. Further, more exports of U.S. LNG to the world means more…
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Warning: NSFW (Unless you work at a University and part of your job is to watch stuff like this and post it on a blog). The highlights of this have been around all week, but most of the clips are just Bill Nye the Science Guy saying "motherf***ers. But this segment on Last Week Tonight…
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CNN: The renewable energy sector is projected to generate more electricity than coal during the month of April, according to a recent report published by the Institute for Energy Economics and Financial Analysis. That's never happened before. Technological change, government policies, and changing consumer preferences have all but guaranteed the switch from fossil fuels to renewables. …
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