As I wrote last month would probably happen, the Energy Information Administration (EIA) lowered its estimate for fossil fuel energy demand in 2009, translating into a huge drop in greenhouse gas emissions. Emissions projections for coal, oil, and natural gas were all lowered in its July Short Term Energy Outlook — meaning, by my calculations, that US emissions are expected to fall (more…)
Archive for the ‘Oil’ Category
EIA: US emissions diving more than 4% in 2009
Tuesday, July 7th, 2009Solar quickly approaching grid parity
Monday, July 6th, 2009
Solar module prices are falling so fast that solar may be able to cost-effectively compete with fossil fuels within a matter of months. The latest bit of news confirming astounding price drops was from China’s LDK Solar. LDK is a producer of the main component of solar modules (wafers). While their second quarter guidance showed a boost in shipments, it also lowered their revenue expectations, translating into a cost per watt of (more…)
Recession keeps a lid on fuel prices
Thursday, July 2nd, 2009
The recent oil price rally has taken a break due to the persistence of recessionary low demand. While lower prices may finally translate into lower crude oil and natural gas output in July 2009 than in 2008, US demand numbers show little sign of recovery. This reality makes it tough for renewable energy to compete currently, but is a relief to (more…)
The Human Toll of Fossil Fuel Use
Tuesday, June 30th, 2009
Most of my posts have focused on the environmental and public health impacts of burning fossil fuels due to their greenhouse gas emissions. But the 16 deaths from a liquefied petroleum gas explosion on an Italian train today are an important reminder that reduced emissions are not the only benefit from efficiency and (more…)
Oil prices rise, but supply still high
Thursday, June 18th, 2009
Pump prices are about to hit $2.70 per gallon nationwide, and oil has remained above $70 per barrel for several days. Most of the increase has come on expectations of economic recovery – like today’s increase in projection for China’s 2009 growth to 7.2% rather than 6.5% by the World Bank. But even more positive economic news will struggle to increase prices much more unless fuel inventories fall from (more…)
EIA Report: US emissions to tank ~3.5% in ’09
Wednesday, June 10th, 2009
The US Energy Information Agency (EIA) has further lowered its emissions projection for 2009 this month, as I said in May was likely. Lower coal consumption drives the reduction, based on the drop in industrial demand for fuel and the substitution by natural gas for coal for (more…)
Gas price passes $2.50 at the pump
Monday, June 1st, 2009As I wrote a couple weeks back was likely, gasoline prices just rose above $2.50 per gallon nationwide. And since oil prices have kept increasing, the gasoline price has a bit further to rise. This has huge implications for our whole energy (more…)
US bike sales higher than car sales in 2009
Tuesday, May 26th, 2009
2006 Chapel Hill/Carrboro Blue Bikes Launch
During the first quarter of 2009, more bicycles were sold in the US than cars and trucks. While the Great Recession is hurting bike sales, they didn’t fall as fast as automobiles. Over 2.55 million bicycle purchases were made, compared to less than 2.4 million cars and trucks that left (more…)
House committee passes climate bill as electricity emissions plunge
Friday, May 22nd, 2009
Yesterday, the House Energy & Commerce Committee passed Waxman-Markey’s American Clean Energy & Security (ACES) Act by a 33-25 vote. This passage does not guarantee ultimate passage in the full House or Senate, but gets some positive political momentum behind necessary federal (more…)
Oil price passes $60 on weaker dollar: Gas may hit $2.50
Wednesday, May 20th, 2009
The price of oil is retracing its 2004-05 climb rather quickly of late. While some of the rise in oil prices relates to supply concerns from Nigeria and a perceived stabilization in the economy, it is also linked to (more…)