By Kennedy Maize Global demand for oil will peak in about the next four years and then start declining, leaving 20% of the world’s oil refineries starved and facing closure, according to a new study from the energy consulting firm Wood Mackenzie. “For the refining industry,” Woodmac advises, “hope is not a strategy.” Analyst Alan … More Woodmac: world oil shakeout coming with peak oil demand
By Kennedy Maize In a bid to save their controversial $67 billion merger, Virginia-based Dominion Energy, the seller, and Florida’s NextEra Energy, the buyer, have agreed to accept many of the conditions the staff of the Virginia State Corporation Commission laid out last month as needed to protect consumers. The merger would create a mammoth company, … More Dominion-NextEra merger parties offer Virginia a deal
By Kennedy Maize After years of wobbling uncertainty, a $1 billion, 625-MW natural gas combined-cycle power plant planned for far northwestern Wisconsin near the city of Superior, not far from Duluth, Minn., has been officially pronounced dead. The death notice for the Nemadji Trail Energy Center (NTEC) came in a letter Oct. 28 to the … More Wisconsin gas power plant project dies a lingering death
By Kennedy Maize Although still in its infancy, quantum computing has arrived and is making an impact on energy, according to a new report from energy research company Wood Mackenzie. The report — “The Quantum Disruption of Energy” – says that “Quantum computing has moved from the lab into live energy infrastructure, and the global race … More Is quantum computing a key to modern energy?
By Kennedy Maize Trump administration policies repealing previous U.S. initiatives designed to combat global warming and climate change, which the White House has billed as a benefit to society, will actually cost the nation dearly. That’s the finding of an upcoming study from Resources for the Future (RFF), a respected Washington economic and environmental non-profit … More Scoping the high costs of Trump’s climate policies
By Kennedy Maize New research by a team led by the Interior Department’s U.S. Geological Survey has found that humans inhabited an area now part of the White Sands National Park in New Mexico more than 20 thousand years ago during what is known as the “Last Glacial Maximum,” (LGM) the planet’s last ice age. … More New research: rapid climate change bedeviled mankind millennia ago
By Yoel Guzansky and Henry Sokolski Saudi Crown Prince Mohammed bin Salman (MBS) has built his rule on two central pillars: security and prosperity. At the core is the simple concept that a modernized Saudi Arabia would also be a safer and more prosperous one. However, that promise is now under unprecedented strain. Repeated missile … More Guest commentary: Saudi nuclear program could outlive its government, plan accordingly
By Kennedy Maize Local Virginia opposition to the $67 billion merger of Richmond-based Dominion Energy and Florida’s NextEra Energy is coalescing as the Virginia State Corporation Commission (SCC), the Old Dominion’s utility regulator, nears a Nov. 5 “public comment session” on the deal. The SCC has scheduled a Nov. 17 “evidentiary hearing.” Perhaps most significant, … More Dominion, NextEra merger generates heated opposition in the Old Dominion
By Kennedy Maize Michigan’s Consumers Energy and Detroit Edison have won a $383 million judgment against Toshiba in a long-running dispute over botched repairs to the 57-year-old, 2,292-MW, six water turbine Ludington Pumped Storage project on the banks of Lake Michigan. The massive generating project cost $327 million (in 1973 dollars) and four years to … More Michigan utilities win $383 million in pumped storage legal wrangle
By Kennedy Maize Four-hour battery storage is now kicking gas off the worldwide market for peaking power, according to a new study by the Wood Mackenzie international energy consulting firm. “This economic shift is decisive and widening,” said WoodMac principal analyst Ahmed Jameel Abdullah. “Gas turbine shortages and rising fuel volatility are driving up … More Battery revolution is humbling natural gas worldwide