Perambulating the Energy Grounds

By May 13, 2008Energy
  • Good News from the Rockies. From The Associated Press: “SALT LAKE CITY — Rocky Mountain natural-gas production is soaring as new pipelines take away the region’s bounty…Utah, Wyoming and Colorado together are producing 8.2 billion cubic feet of gas a day — an increase of 1 billion cubic feet from a year ago, said Porter Bennett, president and chief executive for energy analysts Bentek Energy LLC.”
  • Yes, We’ll Buy It. We’ll Have To. National Energy Board (Canada): “CALGARY, May 12 /CNW/ – Record-high oil prices fuelled a seven per cent rise in Canadian crude production last year said the National Energy Board in its Canadian Energy Overview 2007 report. The report, released today, said Canada pumped an average of 441,128 cubic metres (2.8 million barrels) of crude oil per day last year, with almost half coming from Alberta’s oil sands. Oil sands investment jumped 17 per cent from 2006 to $18 billion in 2007.”
  • Wind, But With Assumptions. Associated Press: “WASHINGTON (AP) — Two decades from now Americans could get as much electricity from windmills as from nuclear power plants, according to a government report that lays out a possible plan for wind energy growth. The report, a collaboration between the Energy Department research labs and industry, concludes wind energy could generate 20 percent of the nation’s electricity by 2030, about the same share now produced by nuclear reactors.”
  • Wind ($23.37) v. Gas (25 Cents) Wall Street Journal editorial: “Congress seems ready to spend billions on a new “Manhattan Project” for green energy, or at least the political class really, really likes talking about one. But maybe we should look at what our energy subsidy dollars are buying now…[snip]For electricity generation, the EIA concludes that solar energy is subsidized to the tune of $24.34 per megawatt hour, wind $23.37 and “clean coal” $29.81. By contrast, normal coal receives 44 cents, natural gas a mere quarter, hydroelectric about 67 cents and nuclear power $1.59.”
  • Something Positive About ‘Big Oil.’ Cal Thomas column: “Peter Robertson, vice chairman of Chevron, told me it’s a myth that oil companies are not investing in new energy sources. He says last year alone, Chevron spent $20 billion exploring new sources of energy. Robertson said President Bush’s trip this week to Saudi Arabia is ‘highly embarrassing’ because he is “calling on the Saudis to produce more oil when we are not doing it ourselves.” The last refinery built in America was in 1976. Tighter government regulations are the main reason. That’s how unserious we are about our energy ‘crisis.'”
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