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Month: January 2020

Category:
  • Economy
  • USA

U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion

 The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion. While Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Debt-laden energy companies are taking whatever cash they can get

Range Resources rushed to refinance its debt at the start of this year, taking advantage of a rally in oil prices and renewed investor demand for junk-rated energy bonds. Despite the Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Energy Storage

U.S. Utilities Rush To Procure Energy Storage Capacity

A growing number of U.S. utilities plan to add energy storage to their resource plans this decade, as declining renewable energy costs and investor and public pressure to curb emissions Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Hess Raises 2020 Capex To $3B To Develop Bakken, Guyana

U.S. oil producer Hess Corporation said on Tuesday it expects to allocate US$3 billion for production, development, and exploration in 2020, focusing on high-return investments in the Bakken shale play Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Electric Cars
  • USA

Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Widespread adoption of plug-in electric vehicles (PEVs) in California could confer significant economic benefits by both 2030 and 2050, resulting in increases to Gross State Product (GSP), employment, real household Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Shale Oil

After a Decade of Fracking, Billions of Dollars Lost and a Climate in Crisis

As 2020 begins, the impacts of climate change have become increasingly clear around the world. The new year started amid devastating wildfires, tied to the worst droughts Australia has experienced Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects

The national debt and sustained federal budget deficits will hit the highest levels since World War II over the next decade, the Congressional Budget Office projected on Tuesday, following multiple Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Biofuels
  • Exxon

Does Exxon Know Something About Biofuel That Its Peers Don’t?

Oilprice has been reporting on the long, drawn-out death of the dream of algal biofuel for years . A field once crowded with startups and hyperbolic promises of industry disruption Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Solar
  • USA

Florida 100% renewables bill likely to struggle, even as Duke adds solar

Duke spending $1 billion on solar through 2022 Sets aggressive ‘mid-century max-out’ target As Duke Energy Florida adds solar generation capacity, legislation that would require all of Florida’s power to Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple
Category:
  • Canada
  • Pipelines

Trudeau’s Trans Mountain Oil Pipeline Loses Support

The expansion would almost triple to 890,000 barrels a day the shipping capacity on the line. (Bloomberg) — Canadian Prime Minister Justin Trudeau is losing support for a plan to Continue Reading

Posted On : 29 Jan 2020 Published By : Tom Whipple

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