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Oil Falls to Three-Month Low as Virus Spread Raises Demand Fear
Oil tumbled to the lowest in more than three months as China’s deadly coronavirus crippled the world’s second-largest economy and threatened worldwide energy demand. Futures pared losses on Monday in New York after earlier dropping close to $52a barrel. Traders spooked by the worsening viral outbreak took some comfort from the Saudi Arabian assurances that the world’s biggest crude exporter is closely monitoring the situation and its impact on oil markets. [ read more … ]
Wind Energy
Maine has the potential to power itself through wind
Maine currently uses more fossil-fuel produced energy than any of the other New England States. The solution to reducing, and even eliminating, that dependency could lay in state’s potential to produce much of the energy it needs through wind generated power. Maine currently uses more fossil-fuel produced energy than any of the other New England States. The solution to reducing, and even eliminating, that dependency could lay in state’s potential to produce much of the energy it needs through wind generated power. [ read more … ]
Solar Energy
Solar Scammers Plead Guilty After Bilking Berkshire, Others
The co-owners of a California-based solar company pleaded guilty in connection with an alleged $1 billionPonzi scheme whose victims include Berkshire Hathaway Inc. Jeff Carpoff pleaded guilty Friday in federal court in Sacramento to conspiracy to commit wire fraud and money laundering, according to court records. His wife, Paulette Carpoff, admitted to money laundering and conspiracy to commit an offense against the U.S. Four others with ties to their company, DC Solar, have already pleaded guilty in the case. [ read more … ]
Grid
Wind-power surge in Kansas puts heat on limited transmission system
Kansas’ position as the nation’s top wind energy producer in terms of electricity generation adds pressure to expand transmission infrastructure to reduce in-state congestion and push power to urban centers to the east, a wind industry analyst said Monday. Kimberly Svaty, who represents the 35-member Kansas Power Alliance, said updated statistics would likely show the state reached 50% wind energy integration by the end of 2019. [ read more … ]
Grid congestion costs billions, stymies renewables
Imagine cars traveling along Interstate 95, spaced far apart, creeping along as if in the midst of a snowstorm. But it’s not snowing. It’s sunny and 70 degrees on a busy Memorial Day weekend. The road should be packed with fast-moving traffic. This is today’s bulk power grid. [ read more … ]
Climate
Wyo. governor: Carbon capture technology can help coal
Wyoming is setting the stage for being part of the solution, Gordon said. The School of Energy Resources at the University of Wyoming has been researching carbon capture technologies that could reduce pollution from burning coal to make electricity in an effort to sustain the demand for Wyoming coal. Wyoming has passed legislation to govern carbon sequestration and received grants to study the feasibility of carbon capture and sequestration and different ways of burning coal, Gordon said. [ read more … ]
Note: News clips provided do not necessarily reflect the views of coalition or its member governors.