Choice! Energy Services firmly believes in Harry Truman’s quote “Not all readers are leaders, but all leaders are readers.” Choice!’s energy analysts are always staying on top of the market by reading the latest industry news articles. If Choice! finds an interesting one, it makes sure to post here to share with its clients.
Why Do Federal Subsidies Make Renewable Energy So Costly?
On a total dollar basis, wind has received the greatest amount of federal subsidies. Solar is second. Wind and solar together get more than all other energy sources combined. However, based on production (subsidies per kWh of electricity produced), solar energy, has gotten over ten times the subsidies of all other forms of energy sources […]
The Oil Play That Could Flood the Natural-Gas Market
The oil-rich Permian Basin is emerging as a major source of new natural gas, a development that could deepen an existing glut and pressure gas prices for years. The West Texas region has become the most prolific spot for horizontal oil drilling and fracking. The new oil wells also produce natural gas, making it a […]
Coal Mines Are Reimagined as a New Power Source
BERLIN—Deserted coal mines, once left to gather dust, are glimpsing a new life in the age of solar panels and wind turbines. The expanding fleet of renewable power sources world-wide means electricity is increasingly being produced when the weather allows rather than when it is needed most, creating the need to store power ahead of […]
Fracking Crew Shortage May Push Oil’s Biggest Bubble to 2018
Shale explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout. Independent U.S. drillers underspent their first-quarter budgets by as much as $2.5 billion collectively, largely because they couldn’t find enough fracking crews to handle all the planned work, according to Infill […]
Cheniere Circles China After Trade Deal Portends Gas Export Boost
A new U.S.-China trade plan could be a boon for companies looking to export U.S. natural gas, and is already lifting Cheniere Energy Inc., the early mover in the nascent industry. Shares of the Texas-based company, the only one to date to export liquefied natural gas from the lower 48 states, were up 3.2% in […]
2 Tennessee Cases Bring Coal’s Hidden Hazard to Light
GALLATIN, Tenn. – The hulking Gallatin Fossil Plant sits on a scenic bend of the Cumberland River about 30 miles upstream from Nashville. In addition to generating electricity, the plant, built in the early 1950s by the Tennessee Valley Authority, produces more than 200,000 tons of coal residue a year. That coal ash, mixed with […]
California is shattering solar records. This bill could take renewable energy to the next level.
A month ago, California broke its all-time solar record, with nearly 8,800 megawatts of solar power flooding the state’s main electric grid on a Friday afternoon. The record stood until the following Wednesday, when more than 9,000 megawatts of solar powered the Golden State, according to the California Independent System Operator, which runs the grid. That record didn’t […]
Trump signs executive order rolling back Obama-era energy regs
President Trump moved Tuesday to unravel a host of energy regulations imposed by his predecessor, targeting in particular the Obama administration’s signature program which was intended to curb carbon emissions – but blasted by Republicans for hurting the already-struggling coal industry. With a sweeping executive order signed at EPA headquarters, Trump initiated an immediate review […]
Why natural gas is the future – not coal
King Coal is dead, long live the king — in this case, natural gas. President Donald Trump has vowed to reverse coal’s dwindling hold as the fuel of choice. But the trend toward gas is undermining his coal boosterism. The president recently repealed a regulation, enacted under the Obama administration, that prevented the dumping of coal […]
Energy Market Outlook – February 21, 2017
Energy News and Market Information for the week of 2/21/2017 Author: Jason Scarbrough NYMEX Natural Gas Pricing Slammed Today “Current View of the NYMEX Natural Gas Market” Today the NYMEX natural gas market closed down 9.53% in the front month. It did this while breaking through the technical support that the bulls had built over the […]