The desolate stretch of West Texas desert known as the Permian Basin is still the lonely domain of scurrying roadrunners by day and howling coyotes by night. But the roar of scores of new oil rigs and the distinctive acrid fumes of drilling equipment are unmistakable signs that crude is gushing again. And not just here. Across the country, the oil and gas industry is vastly increasing production, reversing two decades of decline. Using new technology and spurred by rising oil prices since the mid-2000s, the industry is extracting millions of barrels more a week, from the deepest waters of the Gulf of Mexico to the prairies of North Dakota.
While the legislative year is less than half over, some House Republicans already are looking ahead to the post-election “lame duck” session during which Congress will have to quickly decide whether to extend key tax breaks for renewable energy and how to address expiring George W. Bush-era income tax rates. “Some of us have already started thinking about it, and I think you’ll see a proposal next week during the budget debate that accommodates all of the things that would be on our plate in December,” Rep. Steven LaTourette (R-Ohio) told reporters today.
n a perfect world, greenhouse gas emissions would be on the decline in the near future, with fossil fuels replaced by clean sources of energy like wind and solar. But current emissions are so daunting that the chances of the planet cleaning up its act in a timely manner are slim. “It’s such a big number that it’s sort of hard to grasp what it means,” said Ruben Juanes, a geoscientist at the Massachusetts Institute of Technology. “With emissions as enormous as they are right now, even if we try to deploy alternate energy technologies as quickly as possible, there’s still going to be a huge source of emissions from fossil fuels that we’d better address.”
Deputy U.S. Secretary of Energy Daniel Poneman toured the TPI Composites plant that makes wind turbine blades Wednesday, and talked up the need for Congress to extend tax credits for wind projects that will expire at the end of the year. Probably nobody among the 700-plus TPI employees at the plant would disagree with Poneman’s stance on the tax credit. Their jobs may depend on it.
A new study mapping out habitats in and around the waters off New York was released on Tuesday, bringing the state a step closer to determining the potential for wind energy projects offshore. The study is the product of a two-year joint effort by New York’s Department of State and the National Oceanic and Atmospheric Administration to identify critical bird and fish habitats to ensure that they are not harmed by future wind farms. Environmental groups say the prescreening will help save time and red tape and could attract developers and investors to wind projects by removing uncertainties about the environmental impacts at a given site.
Iowa landowners have reaped the most from a federal rural energy program, collecting $38 million in grants and $46 million in loans over the past three years, according to a report released today by the U.S. Department of Agriculture.
The funding has been distributed among 1,128 projects for installing solar panels, flex-fuel pumps and wind turbines and improving energy efficiency.
House Republicans and the Obama administration are at odds over whether investments into the electric grid to bolster reliability, renewables and security are necessary for the public or an unnecessary burden for ratepayers. At issue is Energy Secretary Steven Chu’s ordering Friday of four power marketing administrations to use a mixture of financial mechanisms, partnerships and existing regulatory authority to build up the grid and support clean energy and electric vehicles.
Even with a recent Ohio Supreme Court ruling in its favor, a large southwest Ohio wind project is still facing hurdles.
An industry executive said plainly that losing the subsidy will kill almost all new construction because it makes the power too expensive. One wind energy manufacturer in Colorado is promising large layoffs if the subsidy isn’t renewed.
The partisan battle over the cause of the increase in gasoline prices has escalated as the average price of a gallon has crept closer to $4, with Republicans accusing President Obama for investing too much in alternative sources of energy at the expense of conventional fuels and Democrats blaming geopolitics and instability around the Persian Gulf. Now comes a survey from the Pew Research Center for the People and the Press suggesting that more Americans may be moving toward the Republican way of thinking on conventional energy.