We’ve all heard of Renewable Portfolio Standards (RPS) within states, directives that at least a chosen percentage of a state’s electricity be provided by renewable energy sources. Goals range from 25% renewables in NY by 2013 to 12.5% in NC by 2015. But the American Council on Renewable Energy (ACORE) presented today that Kansas would reap great benefits from a 200% RPS, giving (more…)
Posts Tagged ‘US’
Kansas Wind May Power Graceland
Monday, April 27th, 2009US Solar Industry Growing in 2009: Whole Foods and Wal-Mart Step Up
Wednesday, April 22nd, 2009
With bulging inventories of oil and a global economy set to shrink for the first time since World War II, it’s hard to imagine great short-term growth prospects for solar and other renewable energy sources. But generous governmental support, a bit of private leadership, and a backlog of demand from 2008 have kept the industry (more…)
New Report: US emissions to fall another 2.5+% in 2009
Wednesday, April 15th, 2009
In February, I shared that the US Energy Information Administration (EIA) predicted lower greenhouse gas emissions from US energy consumption in 2009. Their earlier projection of ~2% lower emissions just shifted in their April report to a much lower (more…)
Report: 2008 US Wind Growth Even Faster
Tuesday, April 14th, 2009The American Wind Energy Assocation (AWEA) reported yesterday that their initial estimate of US wind growth was too slow. It turns out wind capacity grew more than 8.5 GW rather than 8.3 GW, a white-hot 51%! And they released a projection for 2009 of (more…)
US Oil Output Down: Noise or Beginning of New Trend?
Wednesday, April 8th, 2009
The US Energy Information Administration (EIA) released its weekly petroleum report today and it continues to point to ample supplies of crude oil and related products. But domestic crude oil production fell for the first week in a long time. Is this just a blip or have we begun the downward slide in crude oil production due to (more…)
Why Does EIA Underestimate Future Wind Power Growth?
Friday, April 3rd, 2009As I shared yesterday, the US Energy Information Administration (EIA) expects wind power to grow from today’s ~25 GW to just 52 GW by 2030 in its reference scenario plus Production Tax Credit (PTC) extension. I think wind will grow more than twice as fast as the EIA projects. And here’s why… (more…)
High US Oil Supply can Handle 2009 Mexico Oil Decline
Wednesday, April 1st, 2009
Today’s EIA petroleum report shows that storage of all major petroleum products are now above average. Even the prospect of lower oil supplies from Mexico don’t threaten our situation through the summer. Higher oil prices the last few years drove a domestic drilling boom that is finally paying off through a substantial increase in US oil production. The question is, how long will (more…)
Say Hello to $2 Gas Again
Thursday, March 26th, 2009
As I projected last week, the average price of gasoline nationwide climbed above $2 again. This morning, AAA reported prices increased 2.3 cents to $2.009 per gallon. The range in prices remained wide as the state with the lowest price averaged $1.798 and the highest averaged (more…)
Gasoline and Diesel Move toward Parity Again
Wednesday, March 4th, 2009
Remember the old days when gasoline and diesel had roughly the same price? Well, it looks like things are returning toward price parity after last year when diesel often had a premium of ~75 cents. These past few weeks, US diesel production has created ample supply levels and the price has fallen toward the rising price of gasoline. (more…)
US Oil Imports Down, Supplies Ample
Wednesday, February 25th, 2009US oil imports are falling quickly in 2009, since our demand is lower and our domestic production strong. Today’s US Energy Information Agency (EIA) weekly petroleum report showed crude oil imports down more than 10% from the same week in 2008, and production up around (more…)