With the right reforms, Congress and the administration can empower American energy producers to lower costs for families and businesses, diversify the world’s energy portfolio, and make progress toward climate targets.
"None of us are happy with the prices we are paying for gasoline, diesel and other petroleum products. And that is precisely why policymakers have a responsibility to look for real solutions. A refined product export ban would do more harm than good, raising domestic prices and hanging our allies out to dry."
Darrell Proctor writes for Power about coal plant closures in the United States. “China announced the new-builds during the first half of this year, despite the country’s pledge to become carbon neutral by 2060. Chinese officials have said they are looking at an emissions peak for the country before 2030.” Read the full article here.
"Restoring America’s safety means building resilient communities that are able to protect residents, so we both remain committed to prioritizing policies that will cut red tape, increase active federal forest management and hazardous fuels reduction, ensure efficient development of critical infrastructure to reduce damages from flooding, and maintain a strong energy and communication grid during times of disaster."
"And because key details remain unclear about how NRG and Exelon’s LSEO plan would assess the costs of paying generators to remain available to provide power during grid emergencies, it’s possible that the plan could drive up costs to wholesale energy market participants by as much as $30 billion in 2025, the report finds."
"LNG from the US can be available at prices much cheaper than current European hub prices, but requires additional facilities that will take 3-4 years to build. The only available current alternative is going into the market to buy when the cupboard is bare. This means buying in the spot market, which thanks to the drop in supply from Russia, means paying high retail prices."