Uncategorized Archives - The American Energy News

Fossil-fuel consumption subsidies are down, but not out – IEA

Phasing out subsidies means a better allocation of resources across the energy system By Toshiyuki Shirai and Zakia Adam, International Energy Agency Getting energy prices right is critical for sound policymaking. But because of government energy subsidies prices that consumers pay in many countries are often well below their real market value, let alone the price that would […]

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CAPP: Alberta climate plan puts jobs, investment, emission goals at risk

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“This plan doesn’t – only pit companies against each other, but communities as well.” – McMillan By Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers We share Alberta’s desire to reduce emissions while protecting jobs and ensuring the competitiveness of the energy sector. However, the government’s model, as presented last week,

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Canada needs ‘energy brand’ oilfield services association tells Ottawa

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“Supplying the world with Canadian energy would help reduce global GHG emissions. The world needs more Canada.” The Petroleum Services Association of Canada has sent a message to Canadian parliamentarians: Canada needs a brand for energy that communicates the country’s strong oil and gas regulations and its commitment to lowering greenhouse gas emissions. PSAC highlighted

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Is $60 oil a new normal for the industry? – IEA

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Strong demand in oil still expected in the short term Oil Market Report, International Energy Agency The events in Saudi Arabia have added extra momentum to the rally that has driven oil prices from lows of $45/bbl (Brent) in late June to around $63/bbl recently, according to the International Energy Agency. To date, we have

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India’s GST – A boon for oil markets?

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Tax on pure electric vehicles reduced by around 9% under GST regime The introduction of India’s Goods and Services Tax (GST) has lifted oil demand in the country this year, according to Wood Mackenzie. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected

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Wind leading the renewable energy charge -GWEC

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Wind Power leading the charge to drive out fossils With over 500 GW installed worldwide, wind power has become the leading source of new power generation in Europe and in many countries around the world, according to a press release from the Global Wind Energy Council (GWEC). In 2016 alone $112.5 billion were invested in

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Trump visits Beijing championing LNG exports, Alaska signs deal with China

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Chinese LNG demand could reach 330 bcm by 2020, up from 206 bcm in 2016 The Trump administration has been championing U.S. energy exports as its preferred instrument for narrowing its trade deficit in the wake of the U.S. shale boom, according to Wood Mackenzie. A combination of rising export capacity in the U.S., LNG

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New poll suggests political risks for Conservative politicians without climate plan

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“Half of voters won’t consider politicians who don’t take the issue seriously.” By Bruce Anderson, Chairman, Abacus Data Twenty years ago, when the world’s leaders were debating the Kyoto Accord, a case could be made that politicians who chose to be early champions of action to reduce emissions were running a certain amount of political

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The environmental case for natural gas

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Reducing oil and gas methane emissions remains cost-efficient way of reducing emissions compared with others By International Energy Agency analysts Tim Gould, head of WEO Energy Supply Outlook Division, Christophe McGlade, WEO senior analyst The role that natural gas can play in the future of global energy is inextricably linked to its ability to help

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Trump Country home to newest US solar growth region

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Eight of 10 fastest growing US solar markets in states that voted for Trump The US solar market in the Western, Midwestern or Southern states is booming, thanks to falling development costs, some government subsidies and in spite of President Donald Trump’s vow to revive the coal industry. Eight of the 10 areas with the

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