The OurEnergyLibrary aggregates and indexes publicly available fact sheets, journal articles, reports, studies, and other publications on U.S. energy topics. It is updated every week to include the most recent energy resources from academia, government, industry, non-profits, think tanks, and trade associations. Suggest a resource by emailing us at firstname.lastname@example.org.
The Green New Deal (GND) is a sweeping policy plan setting out ambitious objectives for energy and economic policy. The breadth of its proposals makes it daunting to assess the GND using the standard tools of policy analysis. Nevertheless, this short paper is an initial foray. We have three broad conclusions:
The GND’s proposed goals, “mobilization,” and specific policy projects encompass social and institutional changes far exceeding the narrow policy goals, but these changes are impossible to quantify at this point;
Many of the policies proposed in the GND are redundant with other aspects in it, which also complicates a …
Strong U.S. crude oil production and global demand implies a 3 mmbpd export infrastructure deficit by 2023. Infrastructure investments must keep pace to avoid market disruptions.
By 2023, we project that combined Permian and Eagle Ford production will rise 4.4 million barrels per day (bpd) to 8.5 mmpbd by 2023, but domestic refining capacity is expected to grow by just 453 barrels per calendar day (bcd). As a result, U.S. crude exports would need to rise to 6.5 mmpbd in 2023. This growth is essential to help meet our expectation for global demand rising to 108.5 mmbpd by 2023. Infrastructure …View Full Resource
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Growth in energy sector activity slowed significantly in fourth quarter 2018, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—remained positive, but barely so, plunging from 43.3 in the third quarter to 2.3 in the fourth. Readings near zero indicate activity was largely unchanged from the prior quarter, a break from the 10-quarter-long trend of rising activity. The decrease in the fourth-quarter index was driven by both exploration and production (E&P) and oilfield services firms.
Positive readings in the survey generally indicate …View Full Resource
As energy markets and technologies rapidly change, international oil companies (IOCs) are facing a set of interconnected challenges that will fundamentally affect their business models. From changes in the supply and demand picture, to shifts in how energy is produced and consumed, to public pressure to decrease greenhouse gas footprints, companies have a wide range of issues to consider as they decide how to prepare for an unpredictable future. In a new issue brief, “Navigating the Energy Transition: International Oil Company Diversification Strategies,” Global Energy Center Senior Fellow David Koranyi provides a macro picture of select IOC’s strategic (re)thinking and …View Full Resource
The Paris Agreement, adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015, has now been signed by 197 countries. It entered into force in 2016. The agreement established a process for moving the world toward stabilizing greenhouse gas (GHG) concentrations at a level that would avoid dangerous climate change. The centerpiece of the agreement is a set of pledges made by participating countries, known as Nationally Determined Contributions (NDCs), to near-term GHG targets they plan to achieve.
In “Global Economic and Environmental Outcomes of the Paris Agreement” (PDF), Weifeng Liu, Warwick McKibbin, Adele …View Full Resource
Crude Oil Prices: On December 28,
Brent and West Texas Intermediate
(WTI) crude prices closed at $54.06
and $46.31, respectively (page 2).
• California Retail Gasoline Prices:
On December 31, prices reached
$3.22, a decrease of $0.26 since the
end of November. Through December,
California prices averaged $0.93 higher
than the national average (page 4).
• California Retail Diesel Prices: On
December 31, prices reached $3.81.
This was a decrease of $0.15 from the
end of November. Through December,
California prices averaged $0.73 higher
than the national average (page 5).…
The 40 percent decline in U.S. coal-fired power generation over the last decade accounted for 75 percent of the total reduction of 800 million metric tons in U.S. energy-related carbon dioxide (CO2) emissions between 2005 and 2017. The shift away from coal was mainly driven by lower natural gas prices due to the shale revolution and stagnant U.S. electricity demand, and to a lesser extent by policy-supported growth in wind and solar generation. With power generation accounting for over 90 percent of U.S. coal use, there was a comparable reduction in U.S. coal production over the last decade.…View Full Resource
Committed warming describes how much future warming can be expected from historical emissions due to inertia in the climate system. It is usually defined in terms of the level of warming above the present for an abrupt halt of emissions. Owing to socioeconomic constraints, this situation is unlikely, so we focus on the committed warming from present-day fossil fuel assets. Here we show that if carbon-intensive infrastructure is phased out at the end of its design lifetime from the end of 2018, there is a 64% chance that peak global mean temperature rise remains below 1.5 °C. Delaying mitigation until …View Full Resource
The Affordable Clean Energy (ACE) rule, the U.S. Environmental Protection Agency’s (EPA) proposed
replacement of the Clean Power Plan (CPP), targets heat rate improvements at individual coal plants in
the U.S. Due to greater plant efficiency, such heat rate improvements could lead to increased generation
and emissions, known as an emissions rebound effect. The EPA Regulatory Impact Analysis (RIA) for ACE
and other analyses to date have not quantified the magnitude and extent of an emissions rebound. We
analyze the estimated emissions rebound of carbon dioxide (CO2) and criteria pollutants sulfur dioxide
(SO2) and nitrogen oxides (NOX), using results from …