Energy
Electric Vehicles Still Charging Ahead

Electric Vehicles Still Charging Ahead

Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.  According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.

Why This Matters:  Former Vice President Biden’s new clean energy jobs proposal revives the “cash for clunkers” program but in a way that would juice this market.

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China’s Purchases and Investments In US Energy Are On Their Terms

China’s Purchases and Investments In US Energy Are On Their Terms

President Trump trumpeted his trade deal with China, but so far it has been a bust, according to The Wall Street Journal — the Chinese have not purchased nearly the amount of energy (in terms of total dollars) as they promised — only $2B in oil and gas purchases against a commitment of $25B for this year.

Why This Matters:  Trump’s energy policy is a colossal failure, especially when measured against his outlandish campaign promise of complete energy independence.

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Dakota Access and Keystone XL Pipelines Stymied, BUT SCOTUS Gives Other Projects a Pass

Dakota Access and Keystone XL Pipelines Stymied, BUT SCOTUS Gives Other Projects a Pass

A federal judge in Washington, DC ruled yesterday that the Dakota Access Pipeline must shut down and empty all its oil until the government completes an environmental review of the pipeline’s impacts, giving the Standing Rock Sioux Tribe, whose reservation lies downstream, a huge victory.  Similarly, late in the day, the Supreme Court refused to overturn the order of a district judge that shut down construction of parts of the Keystone XL pipeline so it is also blocked for now.

Why It Matters:  The Dakota and Keystone XL news is greatly tempered by the fact that numerous other pipeline projects can go ahead despite their inadequate permit unless they are individually challenged in court and blocked.

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Atlantic Coast Pipeline Officially No More

Atlantic Coast Pipeline Officially No More

Yesterday, Dominion Energy and its partner, Duke Energy, announced they were ending a 600-mile natural gas project that would have cost at least $8 billion to complete. As the Richmond Times-Dispatch wrote, Dominion and Duke canceled the construction of the Atlantic Coast Pipeline in the face of mounting regulatory uncertainty caused by a federal court […]

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Chesapeake Energy Files For Bankruptcy Protection Due to Debts and Slumping Gas Prices

Chesapeake Energy Files For Bankruptcy Protection Due to Debts and Slumping Gas Prices

Chesapeake Energy, one of the first companies to take advantage of directional drilling and push fracking, filed for Chapter 11 bankruptcy protection in Houston on Sunday, the latest victim of the oil and gas price plunge caused by the COVID-19 pandemic. 

Why This Matters:  This is one of the most high profile firms to fall apart during the pandemic, but due to the long term economics of oil and gas, it won’t be the last.

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Dept. of Energy Announces $122M In Funding For “Coal Innovation” Centers

Dept. of Energy Announces $122M In Funding For “Coal Innovation” Centers

On Friday, the Energy Department announced it will provide more than $120m in funding to create “coal products innovation centers… [that] …will focus on manufacturing value-added, carbon-based products from coal, as well as developing new methods to extract and process rare earth elements and critical minerals from coal.” 

Why This Matters: Coal innovation is an oxymoron or maybe just moronic – and certainly a dubious investment.

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