California’s cap and trade law has been reality for a wide variety of CO2 emitters for several years. But they are all stationary sources. In January, it moves to a moving kind of source: motor vehicles. In this week’s Oilgram News column, Regulation & Environment, John Kingston, fresh off a trip to the state’s capital city of Sacramento, discusses the implementation of the law in the fuels business.
Archive for the ‘renewable energy’ Category
By John Kingston | July 7, 2014 12:01 AM Comments (2)
By Ross McCracken | June 18, 2014 03:53 PM Comments (1)
To visit an energy conference in New York, or perhaps anywhere in the United States, is to feel the full force of the shale gale that has swept across the US oil and gas industry, transforming the country’s domestic and foreign perspectives. Its founding fathers have achieved legendary status and are provided the veneration that only America appears capable of giving business leaders.
Shale is variously described as a “revolution,” even a “miracle.” Benjamin Schlesinger, president of Benjamin Schlesinger and Associates, went that one step further to state that “natural gas is a renewable fuel.”
This was the international conference of the International Association for Energy Economics held in New York from June 15-18, where it was clear that America is the cat that has got the cream. It is the crucible of the revolution in drilling technology that has reduced the cost of previously unrecoverable oil and gas resources to affordable levels, and it is beginning to export those technologies to the rest of the world. It no longer has to concern itself with existing and emerging import dependencies. Instead it is discussing the possibility that it may soon be a net exporter of oil.
By Alex Froley | June 12, 2014 08:03 AM Comments (1)
Last year Greenpeace campaigners in the UK paraded a giant polar bear puppet the size of a double-decker bus through the streets of Westminster to protest against planned drilling in the Arctic. This year the polar bears made it into the Houses of Parliament, as a Canadian professor told a meeting there Wednesday night that the animals are not as endangered as many think.
By John Kingston | May 30, 2014 02:49 PM Comments (2)
All along, the backers of the California Low Carbon Fuel Standard have claimed that the standard, by not being top-down, is going to spur innovation in helping sellers of transportation fuels reach the state’s goals.
And sometimes, they’re proven right. For example, we blogged awhile ago about a plan to turn landfill gas produced somewhere other than in California into two things: natural gas vehicle fuel, and LCFS credits.
It’s hard to imagine how these little things are going to add up enough to help the state’s fuels industry reach its ambitious goal of a 10% cut in the carbon intensity of its transportation fuels. But it does support the suggestion that some companies or individuals will get creative and capitalize on LCFS processes in various ways.
By Ross McCracken | May 28, 2014 09:23 AM Comments (0)
A butterfly flapping its wings in the Andes may or may not have some unforeseen global consequence, but the falling of a raindrop will. South America has a natural gas deficit and a highly variable demand load, owing to its over-dependence on hydroelectricity and the variations in electricity generation that produces. Countries in the region have turned to LNG as a backstop, passing the volatility of hydro generation through to the spot market for LNG. Ross McCracken discusses the issue in this month’s excerpt from Platts Energy Economist.
By John Kingston | May 23, 2014 12:01 AM Comments (2)
Robert Bryce is no easy-to-pigeonhole right-winger. “The Second Iraq War, costing more than $800 billion, will be remembered as one of the biggest strategic errors in modern US history,” he writes in his new book, Smaller Faster Lighter Denser Cheaper. That comes soon after he says “I’ve never believed in American ‘exceptionalism,’ whatever that dubious term might mean.”
The main premise of Bryce’s new book is that lots and lots of things are getting SmallerFasterLighterDenserCheaper, and he strings together those five words into one word frequently in his book.
By John Kingston | April 17, 2014 03:17 PM Comments (5)
When commentators talk about the US cutting its oil consumption, they often cite the reductions in usage that were spurred by the first oil shock in 1973-1974. “See,” they say. “We did it back then, and we can do it again!”
What they often fail to note is that one of the ways in which the US did dial back on its oil consumption is by drastically changing over its use of fuel oil for electricity generation to lots of other things: coal, natural gas, nuclear, alternatives. In 40 years, there have been plenty of things.
But the fact is if you’ve all but zeroed out your consumption of fuel oil, you can only do that once. That’s why the whole “we can do it again!” comes up short.
By John Kingston | March 25, 2014 11:06 AM Comments (6)
Anna Temple of WoodMac tried at the annual AFPM meeting to put one aspect of the ethanol issue into a highly consumable number: eight.
The Houston-based downstream consultant, in one part of her presentation, said the Renewable Fuel Standard going forward could still trip up refiners, but she also addressed whether E85 has a part to play in meeting the ever-rising mandates set under RFS2.
By Tim Worledge | February 27, 2014 02:49 PM Comments (0)
That the CEO of the Renewable Fuels Association would come out fighting after the 2013 annus horribilis was to be expected. When Bob Dinneen, a man they’ve come to call the Reverend in these parts because of his full throttle evangelisin’ on the blendstock’s position in the USA, took the stage to deliver the keynote opening address to the 2014 National Ethanol Conference last week, the packed auditorium knew broadly what to expect.
By Ross McCracken | February 27, 2014 12:01 PM Comments (2)