Year End Reviews – This one is from Forbes

I’ll put a few more up. Why not start out with the Capitalist’s point of view.

https://www.forbes.com/sites/rrapier/2018/12/23/the-top-10-energy-stories-of-2018/#5f91c2c4799a

The Top 10 Energy Stories Of 2018

Energy

As 2018 comes to a close, it’s time to review the top energy stories of the year. This year there wasn’t an overwhelming choice for the top story as we have had in some previous years (e.g., the Deepwater Horizon spill), but many of the year’s biggest developments impacted oil prices.

Here are my picks for the stories that shaped the year in energy.

Oil price roller coaster

The price of West Texas Intermediate (WTI) opened the year at $60/bbl. Brent crude was just under $67/bbl. By early October, on the back of several developments that are covered in other stories below, WTI was closing in on $80/bbl and Brent was above $86/bbl. But then prices collapsed in part because the ongoing trade war with China caused them to stop importing U.S. oil, and in part because sanctions on Iranian exports were waived at the last moment — after Saudi Arabia had already increased production to compensate for Iran’s lost exports. The overall impact was a collapse in the price of oil. As we head into the last week of the year, WTI has fallen to $45/bbl and Brent crude is at $54/bbl.

U.S. shatters oil production record

Early in 2018, the Energy Information Administration (EIA) announced that the previous monthly record for U.S. crude oil production – 10.044 million BPD set in November 1970 — had been broken. U.S. oil production would continue to rise steadily throughout 2018, reaching 11.475 million BPD by September 2018 (the last month for which monthly numbers are available).

China slows solar program

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I hate that last one. Go there and read. More next week.

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COAL – The gift that keeps on giving .. death

I have a severe head cold this week and last so I will be brief. The negative effects of burning coal will be with us for at least 100 years. Maybe more if humans make it that far.

https://www.sj-r.com/news/20181128/report-groundwater-contamination-at-coal-fired-power-plants-across-illinois

Report: Groundwater contamination at coal-fired power plants across Illinois

Coal ash disposal sites throughout Illinois, including at City Water, Light and Power’s Dallman Power Station in Springfield, have contaminated surrounding groundwater supplies, according to a report released Wednesday by a consortium of environmental groups.

CWLP officials responded that the city’s ash ponds do not pose a risk to Springfield’s water supply.

The report’s results are based on data sets made public for the first time earlier this year as part of new federal regulations of coal ash, a toxic byproduct of coal-fired power generation that is commonly stored in unlined ponds or landfills near the plants. The report by the Environmental Integrity Project, Earthjustice, Prairie Rivers Network and the Sierra Club found toxic pollutants emanating from 22 of 24 coal ash dump sites for which the data became available in March.

The coalition called for new legislative standards that would protect groundwater and regulate the closure of coal ash ponds to be drafted next year.

“Illinois needs to act now to strengthen rules that protect the public from coal ash,” said Andrew Rehn, a water resources engineer from Prairie Rivers Network. “We’re reaching a turning point as Energy companies are proposing to leave coal ash in floodplains of rivers and exposed to groundwater. We need stronger rules that provide permanent protection with a financial guarantee and give the public a voice in these decisions.”

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Go there and read. More next week if I live.

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How Many Times Can I Write, Coal Is Dead – I will let you know when I get tired

This was is the way it always going to happen. The market shifts after a slow pivot.Then it was going to bust loose suddenly. Clean Energy was going to chase coal all across the globe as it fought a rear guard action. Then it would become a novelty – OH LOOK they still use that stupid stuff. Then people will marvel at all the damage it had done and it would go away.

https://www.indystar.com/story/news/environment/2018/11/02/indiana-utility-says-renewables-save-customers-4-billion-over-coal/1837469002/?fbclid=IwAR1N_p2XCFjH-OlFdVwiFlr3-lpQufzWCNqvsJuKrEvccVWfIkz6lX20VFY

This Indiana utility may have just put the final nail in coal’s coffin

The embers of the coal industry have been slowly fading in recent years, despite efforts by the Trump administration to reignite the flames.

But an announcement this week from a northern Indiana utility — in the heart of a state that ranks in the top 10 for both coal production and consumption — suggests the end may be nearer than some expect.

After having already announced plans to speed up the retirement of its coal power plants, the Northern Indiana Public Service Company said this week that it will switch to renewable energy to make its electricity instead.

Why? Because it’s cheaper. A lot cheaper, they said, to the tune of more than $4 billion over a few decades. Still, those long-term savings might come with a short-term price. The utility is asking for a raise in its rates to upgrade infrastructure.

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Go there and read. More next week.

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The Economic Civil War In America – Rich white guys face off

It turns out that it is rich white progressives verses rich white recessivesthat is politically rivening this country. This leaves all of us in the middle angry and confused. I disagree with Buffet on this one, but I see why he is fighting the fight.

https://www.afr.com/news/world/north-america/warren-buffett-and-casino-boss-sheldon-adelson-clash-in-nevada-over-electricity-20181030-h17bc5

Warren Buffett and casino boss Sheldon Adelson clash in Nevada over electricity

by Trevor Hunnicutt

New York | Casino magnate Sheldon Adelson and investor Warren Buffett are set for a desert showdown over electricity next week as the two billionaires’ interests collide on election ballots in Nevada.

At issue in the November 6 election is the cost and control of power from the neon lights shining on the Las Vegas Strip to the state’s gold mines.

A measure supported by Republican donor Adelson, who is also Las Vegas Sands Corp’s chairman, would force state legislators to break up control over much of the state’s electricity in effect held by a unit of Buffett’s Berkshire Hathaway, NV Energy. It would allow customers to choose their own power provider by 2023.

Buffett has supported liberal causes and backed Democratic presidential candidate Hillary Clinton in 2016.

Unlike previous western duels, both sides in Nevada are showing up with cash. The energy tussle is shaping up as one of the more costly of an election season in which Democrats are trying to wrest control of at least one chamber of US Congress from Republicans.

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Go there and decide for yourself. More next week.:

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Illinois Promotes Oil Train Crashes – Wham bam thank you ma’am

Following Dotards move to deregulate oil trains, Illinois bit hook ,line and sinker. Let me be clear, this deregulation will cause accidents and it will take lives. Let’s just hope a crash does not happen in Chicago or East St. Louis.

Putting On The Brakes: Transportation Department Rolls Back Oil Train Regulation

October 24, 2018
Madelyn Beck

The U.S. Department of Transportation has removed a regulation meant to force trains carrying crude oil or other flammable liquids to adopt electronic braking technology by 2020. Electronically Controlled Pneumatic brakes — or ECP brakes — are meant to stop train cars and keep them from slamming into each other when a train derails.

Illinois is both a train hub and an oil train hub, and the regulatory change will have several effects in the state.

One is cost savings to the railroad industry. According to the U.S. Department of Transportation, “the expected costs of requiring ECP brakes would be significantly higher than the expected benefits of the requirement.”

It would cost the industry between $375 and $554 million to install the braking systems in the next four to five years, hundreds of millions more than it would save in damages, according to the department. That’s an update from when this was first calculated under the Obama administration, which found that the benefits may outweigh costs. The change can partially be explained by reduced oil train traffic in general due to pipelines and lower oil prices between 2015 and 2017. Fewer trains means fewer potential accidents and damages.

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Go there and read so much more. More next week.

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Pruitt Is Gone But His Odor Still Lingers – This is what 1rst world corruption looks like

This guy needed 16 guys to guard him. DO I have to say more.

https://www.washingtonpost.com/news/energy-environment/wp/2018/05/25/scott-pruitts-security-detail-cost-nearly-3-5-million-his-first-year-agency-reports/?noredirect=on&utm_term=.d17baa31ec0b

Scott Pruitt’s security detail cost nearly $3.5 million his first year, agency reports

The round-the-clock security detail for Environmental Protection Agency Administrator Scott Pruitt cost taxpayers almost $3.5 million during his first year in office, according to figures published Friday by the agency.

The EPA spent more than $2.7 million on agents’ salaries and roughly $760,00 on travel costs as part of that coverage, records released under the Freedom of Information Act show. The amount is nearly double what taxpayers paid annually on average to provide security for Pruitt’s two immediate predecessors, Gina McCarthy and Lisa Jackson, during their tenures.

Pruitt received 24-7 protection starting on his first day, according to documents released earlier this month by the EPA’s inspector general. Then-senior White House adviser Don Benton first ordered the round-the-clock detail on Feb. 12 out of concern that President Trump’s controversial policies could make Pruitt a target, emails obtained by The Washington Post show, and then Pruitt opted to maintain that level of protection

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Go there and throw up. More next week.

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They Used Our Skies Like An Open Sewer – So they should have to pay for that

They poisoned our skies. ExxonMobile should pay for that. They poisoned our water. BP should pay for that. They poisoned our soil. Chevron should pay for that. They poisoned our our wildlife. Royal Dutch Shell should pay for that. They poisoned US! ConocoPhillips should pay for that.

https://insideclimatenews.org/news/04042018/climate-change-fossil-fuel-company-lawsuits-timeline-exxon-children-california-cities-attorney-general

Fossil Fuels on Trial: Where the Major Climate Change Lawsuits Stand Today

Some of the biggest oil and gas companies are embroiled in legal disputes with cities, states and children over the industry’s role in global warming.

Updated Aug. 14 with a judge dismissing one of the state-level children’s climate lawsuits, in Washington.

A wave of legal challenges that is washing over the oil and gas industry, demanding accountability for climate change, started as a ripple after revelations that ExxonMobil had long recognized the threat fossil fuels pose to the world.

Over the past few years: Two states have launched fraud investigations into Exxon over climate change. Nine cities and counties, from New York to San Francisco, have sued major fossil fuel companies, seeking compensation for climate change damages. And determined children have filed lawsuits against the federal government and various state governments, claiming the governments have an obligation to safeguard the environment.

The litigation, reinforced by science, has the potential to reshape the way the world thinks about energy production and the consequences of global warming. It advocates a shift from fossil fuels to sustainable energy and draws attention to the vulnerability of coastal communities and infrastructure to extreme weather and sea level rise.

From a trove of internal Exxon documents, a narrative emerged in 2015 that put a spotlight on the conduct of the fossil fuel industry. An investigative series of stories by InsideClimate News, and later the Los Angeles Times, disclosed that the oil company understood the science of global warming, predicted its catastrophic consequences, and then spent millions to promote misinformation.

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Go there and read all night. Really good article. More next week

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Donald Trump Is The Environmental AntiChrist

First he hired Scott Pruitt to essentially undo everything that Bush and Obama had done. From Arsenic levels in your drinking water to the size and numbers of National Monuments. Then he signed an Executive Order approving Pipelines. Then he tried to roll back Auto Emissions. But it is in his public speeches that you get the true flavor of his derangement.

https://www.yahoo.com/entertainment/president-ranting-windmills-birds-while-162100207.html

 

The President Is Ranting About Windmills and Birds While the Planet Slides Towards Calamity

Jack Holmes
Esquire

“The oldest and thickest sea ice in the Arctic has started to break up, opening waters north of Greenland that are normally frozen, even in summer. This phenomenon – which has never been recorded before – has occurred twice this year due to warm winds and a climate-change driven heatwave in the northern hemisphere … The sea off the north coast of Greenland is normally so frozen that it was referred to, until recently, as “the last ice area” because it was assumed that this would be the final northern holdout against the melting effects of a hotter planet.”

And then the Dotard says this:

Daniel Dale

? @ddale8

Here’s the transcript of Trump’s remarks at a New York fundraiser last week about coal and windmills.

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Go there and read the rest. More next week.

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We Waste 2/3rds Of The Energy We Generate – This is Tragic

America is in a double bind. We have some of the best energy research and technology in the world. But when we try to talk to the rest of the world about Climate Change. We look like FOOLS.

 

 

Op-Ed Contributors

Why Is America Wasting So Much Energy?

By Terry Sobolewski and Ralph Cavanagh

Partisan fights in Washington can leave the impression that we’re hopelessly divided. The truth is there are plenty of bipartisan solutions to the energy and environmental challenges we face, and energy efficiency is near the top of the list.

America fails to capture some two-thirds of the power it generates, much of it through simple waste, according to federal data. In a recent survey, the United States was ranked eighth among 23 of the world’s top energy-consuming countries in efficiency, behind several European nations, China and Japan.

We shouldn’t accept that.

Energy efficiency is one of the most powerful resources we have for meeting our energy and environmental goals. It is also an enormous economic opportunity.

Setting aside the significant environmental impact, this energy waste costs American businesses and households billions of dollars every year. In commercial buildings alone, where annual electricity costs are roughly $190 billion, about 30 percent of this energy goes to waste.

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So SAD. Go there and read. More next week.

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Investing In Nuclear Power and Coal – What happens next is SAD

I have never been a fan of Southern Company. I ain’t gonna cry crocodile tears for them either. I mean this is some of the dumbest shit I have ever seen.  I mean it has already bankrupted a GE unit. Heh lets throw good money after bad, and more bad, and more bad.

https://www.eenews.net/stories/1060093003

NUCLEAR

Southern Co. to absorb $1.1B in added Vogtle costs

Southern Co. will absorb $1.1 billion in additional pre-tax costs for its Plant Vogtle nuclear expansion project, the company said in financial disclosures early today.

The costs include $700 million in additional subcontractor costs and an additional construction contingency estimate for nuclear reactors, which Southern’s Georgia Power Co. unit is building with a group of public power companies.

Georgia Power recorded the pre-tax charge of $1.1 billion, or $800 million after taxes, for the quarter, ending June 30.

Atlanta-based Southern released the information shortly after 6 a.m. as part of its quarterly report filed with the Securities and Exchange Commission.

The company’s decision to eat millions of dollars in costs associated with a large power plant is a bitter reminder to investors of its next-generation coal project in Mississippi. Southern took back-to-back quarterly losses amounting to billions of dollars with the Kemper County energy facility because of a settlement with Mississippi utility regulators.

Unlike Kemper, Southern does not own the technology associated with Vogtle. This is also the first year that the company’s nuclear unit and Georgia Power are fully in control of the project.

This means the utilities can no longer point fingers at others if there are problems.

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Go there and read a really long articel. More next week.

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