So far in this series, we’ve focused on global themes from the economy to governmental upheaval, and then circled back to how they’ve affected the U.S. In this final post, we’re going to focus on a recurring theme in the U.S. energy market and how this theme could affect the global market in years to come. And that theme is none other than U.S. natural gas production.
Category: Natural Gas
Last year will be remembered in the history books as the year in which people become fed up with a whole lot of governments (mostly the dictatorship kind, while there was also this). The former was likely the largest single influence on energy markets in 2012 (at least in Europe, a little less so in the U.S.). continue
Global energy markets in 2011 were plagued by something more devastating than economic malaise: nature. With weather being in the lap of the gods, and as nature takes its course, some scenarios are impossible to predict. And 2011 had its fair share of outliers. continue
It is difficult to believe 10 years have passed since Enron filed for bankruptcy on Sunday, Dec. 2, 2001. The company was America’s darling. Like the Titanic, Enron was thought to be unsinkable. It seemed to do no wrong; it was a company that could not fail. At the height of its power in 2001, Enron ranked seventh on the Fortune 500 with revenues topping $100 billion, a status earning it the moniker of “America’s Most Innovative Company” six consecutive years by Fortune magazine. The company’s business model was heralded to be a paradigm shift in business, a poster child for the new economy and modern markets, a firm that relied more on the development of intellectual capital and technology than on the creation of brick-and-mortar, physical assets.
Welcome back to the “Summer of Policy” series! In the first post we discussed CSAPR, and its potential impact on you and me. This time around, we’ll talk about ONGAP…and…its potential impact on you and me. continue
Summer 2011 is quickly becoming known as the Summer of Policy Initiatives (trademark: me) as the EPA have recently rolled out two emissions-related policies, while President Obama has just announced a brand new set of fuel economy standards.
Although these policies initially seem straightforward, the toughest part is establishing their indirect impact. Their direct effect on the energy world is usually apparent (as we will see), while the knock-on effects are generally more difficult to predict (as we will also see). So here is a step-by-step guide to the changing world of energy policy, covering these three current and relevant policies (in separate posts, for the sake of both your and my sanity):
- Cross-State Air Pollution Ruling (CSAPR)
- Oil and Natural Gas Air Pollution Standards (ONGAP)
- The Obama Administration Fuel Economy Standards (FES) continue
What do Emily, Franklin, Gert and Harvey have in common? They each appear on the National Hurricane Center’s official 2011 list of names for storms. Dennis, Katrina, Rita, Stan and Wilma have all been retired from that list because of their association with ferocious storms in the past. I think about hurricanes every year about this time, not just because I find them fascinating, but because I have lived through the havoc they can wreak on businesses, even as far away from the coastline as Louisville, Kentucky. continue
June has been a whirlwind of activity at Summit, and I’ve had trouble keeping up with everything going on. (Not that this is different than any other month, but I digress.) In the midst of all the standard nuttiness were some speaking gigs by Summit folks who are pretty well known as experts in their fields. continue
Eight months after the San Bruno, Calif., natural gas pipeline explosion killed eight people, injured dozens and left 55 homes uninhabitable, I still run across articles nearly every day regarding the ongoing investigation of Pacific Gas & Electric (PG&E) and what could have been done to avoid this tragedy. While most of these articles place an understandable and significant amount of blame on the utility, there have been a few that turn some of that blame to the California Public Utilities Commission (CPUC). continue
Another birthday and a drawer full of v-neck undershirts signal I’m ready to embrace my inner “old man.” These days I spend a lot of time complaining and talking about the way things were “back in my day,” back before gasoline was $4.07 a gallon. One day last week unleaded gas shot up 37 cents a gallon. Summit Energy commodity analyst, Matt Smith, attributed the meteoric rise to “flooding on the Mississippi, which is impacting both production and transportation of the fuel.” Matt’s right, of course, but the grumpy old man in me would rather blame it on “kids these days” or Communism. continue