Search Results for economy
22 item(s) were returned.
Expert Insight

A Strong Case for Energy Storage?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: May 25, 2012 at 7:56 AM

Last month, the National Alliance for Advanced Technology Batteries released “Distributed Energy Storage: Serving National Interests,” a white paper which outlines the benefits of distributed energy storage (DES) and its relationship to the nascent electric vehicle (EV) industry. According to the paper, DES systems can increase grid reliability, stability and security because of their “ability to provide… electric supply capacity and energy time shift, ancillary services, transmission and distribution (T&D) system support, electric utility customer energy cost management, and renewable energy integration.” These advantages may be necessary if the U.S. were to increase integration of renewable energy sources, see a… [more]

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Expert Insight

What’s the future of the State Energy Program?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: May 2, 2012 at 7:34 AM

Last week, House and Senate Appropriations Committees approved separate and distinct versions of a Fiscal Year 2013 Energy and Water Development appropriations bill. The legislation sets spending levels for DOE, among other agencies, and specific programs such as the State Energy Program (SEP). The SEP is administered by DOE, and provides funding to states for use by State Energy Offices. According to the National Association of State Energy Officers (NASEO), with “SEP funds and the resources leveraged by them, the 56 State and Territory Energy Offices develop and manage strategic programs that support the private sector in increasing energy efficiency,… [more]

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Expert Insight

Developing U.S. “Tar Sands”

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: April 30, 2012 at 10:16 AM

Eastern Utah may see tar sand production begin later this year. A private company, the Alberta-based U.S. Oil Sands, has invested $6 million since 2005 to test the oil sands at its 6,000-acre lease in eastern Utah and develop pilot projects on state land. They were granted preliminary permits to begin production in 2009, and have been raising capital and developing plans to begin production. “We would expect to hopefully to have this up and running by about September of next year,” said Cameron Todd, CEO of U.S. Oil Sands. The Bureau of Land Management estimates that the sands could… [more]

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Expert Insight

Economist: High Oil Prices Not (Necessarily) Bad for Economy

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: March 6, 2012 at 8:22 AM

In a Yardeni Research blog post highlighted by an article in the New York Times, economist Ed Yardeni argued that rising oil prices “may actually be good for the best stocks and shares ISA market, up to a point.” This is due, in part, to energy sector companies like Chevron and Exxon making up more than 12% of the S&P 500’s market capitalization. Yardeni notes that since late 2008 there has been “a strong positive correlation between energy prices and the stock market.” If prices continue to rise, however, the odds of that positive effect lasting diminishes. “At some point,”… [more]

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Expert Insight

Obama’s FY2013 Budget Heavy on Energy R&D, Renewables, Efficiency

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 16, 2012 at 8:00 AM

President Obama sent his requested FY2013 budget to Congress Monday, and requested, among other energy-related items, significant increases to energy R&D, renewable energy investments, and energy efficiency programs. From the request: “In light of the tight discretionary spending caps, this increase in funding is significant and a testament to the importance of innovation and clean energy to the country’s economic future.” Among the energy-related budget requests: $27.2 billion to the Department of Energy, a 3.2% hike over FY2012 $5 billion for DOE’s Office of Science $2.3 billion for DOE’s Energy Efficiency and Renewable Energy office – a 29% increase –… [more]

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Expert Insight

U.S. Approaching Energy Self-Sufficiency?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 8, 2012 at 8:51 AM

According to data collected and reported by Bloomberg News, the “U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency”. In the first 10 months of 2011, 81% of U.S. energy demand was met by domestic sources, up from a record low of 70% in 2005. If the 2011 numbers are accurate, this would be the highest proportion of U.S. energy demand met by domestic sources since 1992. This upward trend in energy self-sufficiency is due in large part to increased oil and natural gas development, and low natural gas prices. “Domestic oil output is… [more]

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Expert Insight

Analysts Predict High Oil Prices in 2012

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: December 30, 2011 at 8:12 AM

Oil prices are expected to average between $100 and $120/barrel in 2012. “Economists say they expect prices to remain high despite the relative weaknesses of the American and European economies because global demand for oil … is escalating and outstripping supply.” [New York Times] Due in part to consumers driving less and purchasing more fuel efficient cars, the United States economy has weathered high oil prices relatively well in 2011. Bernard Baumohl, chief global economist at the Economic Outlook Group, told the Times that “the danger is if oil starts to move toward $130 a barrel, or even higher… Then… [more]

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Expert Insight

Keystone XL Pipeline Decision Delayed

Author(s): Matthew Jordan
Program Manager
CLASP
Date: November 10, 2011 at 6:42 PM

The Wall Street Journal is reporting that the Obama Administration has decided to defer its decision on the Keystone XL pipeline until after the 2012 election. The decision came through the State Department, which in a statement said that it would be evaluating alternative routes that might avoid an environmentally sensitive region of Nebraska. The decision has been described as a “victory for environmental groups,” many of which have been highly vocal in their opposition to the proposed pipeline. The decision drew criticism from oil industry representatives and unions, who had argued that the pipeline “will create thousands of jobs… [more]

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Expert Insight

A Call to Action

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: October 20, 2011 at 5:26 PM

A Call to Action: Executive Summary by Herschel Specter President, RBR Consultants, Inc. mhspecter@verizon.net This report is a call to action, and it presents a multi-faceted national energy plan that would address the twin threats of petroleum usage and climate change that pose severe, imminent risk to the U.S. economy, environment and national security. It lays out specific goals and actionable approaches – both low-tech and high-tech – that would allow America to avert this looming crisis. By 2036, implementation of this plan should lead to over $11 trillion (2008) dollars in savings through reduced oil consumption and to the… [more]

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Expert Insight

Discussion Catalyst: Energy Work Force

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: October 17, 2011 at 4:19 PM

[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.]   There is a shortage of workers in almost every area of the energy industry. It is the result of neglect since the early eighties and of transfer of critical professions and industries overseas. This is especially critical for battery technology, nuclear and geothermal. We need the people and the talent and we simply don’t have them. Academic researchers – after the great cutbacks in energy research in the 1980’s, the… [more]

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