09202018Thu
Last updateThu, 20 Sep 2018 3pm

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Obama Administration Readies $3 Billion for Renewable Energy

When Congress was debating an extension of the renewable energy tax credits set to expire at the end of 2008, the loudest argument from the wind and solar industries was that letting the tax credits expire would have a deleterious affect on renewable energy development in the United States. And before the credits expired, Congress passed a short term extension of the renewable energy production and investment tax credits.

 

Source: Red, Green & Blue

 

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Baker Hughes: US Oil, Gas Rig Count Down

The number of rigs drilling for oil and natural gas in the U.S. fell this week as producers continued to rein in drilling activity in response to sliding energy prices.

 

The number of oil and gas rigs fell to 916, down 12 from the previous week, according to rig data from oil-field services company Baker Hughes Inc. The number of gas rigs was 672, a drop of 16 rigs from last week, while the oil rig count rose to 234, an increase of five rigs. The number of miscellaneous rigs fell by one, to 10 rigs.

 

Source: Dow Jones

 

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Deloitte Foresees Trouble for Refining Industry

Refining margins in the US are likely to shrink in coming years because stricter fuel economy standards and rising mandates for blending ethanol and other biofuels will reduce gasoline demand, Deloitte LLP said in a recent study.

 

Roger Ihne, a principal with Deloitte in Houston, wrote a study entitled “A Tsunami of Change Bearing Down on the Refining Industry.” He spoke with reporters about his findings during a news briefing on July 9.

 

Source: Oil & Gas Journal

 

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Dow and Other U.S. Petrochemical Companies Continue Their Long Term Move Offshore

Dow's closing of their ethylene and derivatives plants in Hahnville, Louisiana is simply another move in the long term flight from domestic production which began in the early 1980s.  What the article implies is that Dow's move is the result of competition from foreign producers, but fails to mention that Dow (and all of the other major domestic petrochemical producers) are joint venture partners in these new ethylene complexes in the Middle East and Asia. 

 

Source: GKG Group

 

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US Supreme Court Rejects Against Using Recycled Wastewater to Make Snow Arizona Snowbowl

The Supreme Court in the US has rejected an appeal by a number of native American tribes that want to stop Arizona Snowbowl ski area from making snow from recycled and purified waste water to use on the ski slopes which the tribes say are sacred lands.

 

The plans have been mooted for the best part of a decade and have been considered by various lower courts which have alternately decided in favor of the ski area and of the tribes. Last summer the Federal courts came down in favor of the ski resort, leading to the attempt to bring the case to the supreme court.

 

Source: Ski Rebel

 

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