Rather than causing disparate groups to come together to recognize the importance of all forms of energy, oil prices have resulted in some pushing harder for oil and gas and others pressing harder for solar, wind and batteries. This is a false dichotomy. Both are needed.
Before instituting sweeping policies that risk creating costs and distortions worse than the supply disruptions and Chinese dependence they aim to solve, Washington needs to weigh the benefits of intervention against its costs.
Governments shouldn’t determine which forms of energy are “good” or “bad,” using subsidies and mandates to boost the good while imposing restrictions to hobble the bad. Instead, decisions about the fuel mix should be left to the market as much as possible.
ISO New England on Monday asked federal regulators to approve a plan that aims to provide increased oversight of “asset condition” transmission projects, a class of projects that are chosen and built by transmission owners mainly to replace aging infrastructure. Under the proposal — unanimously approved by ISO-NE’s stakeholders — the grid operator would review...
The Federal Energy Regulatory Commission on Friday approved a cost allocation framework for transmission projects sought by the Midcontinent Independent System Operator but built in the PJM Interconnection’s footprint. Under the approved framework, Exelon’s Commonwealth Edison is set to build one group of projects totaling about $904 million and Duke Ohio is slated to build...
One of Texas’ top grid officials warned Friday that the western part of the state could see rolling blackouts within five years if more transmission lines aren’t built. Woody Rickerson, chief operating officer of the Electric Reliability Council of Texas, or ERCOT, told the Public Utility Commission on Friday that all their demand forecast scenarios...
Oil prices were little changed Friday after the U.S. said its naval blockade of Iranian ports could continue “indefinitely,” reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international benchmark, lost 5 cents to $87.02 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at...
The Trump administration said Wednesday it would cancel three proposed federal corridors designed to speed the development of multi-state electric transmission lines that were selected during the Biden administration. The decision lands as the Trump administration battles broader affordability concerns ahead of the November midterm election amid rising electricity prices and growing energy demand. Read...
A June geothermal lease sale held in New Mexico by the Bureau of Land Management netted more than $16.5 million, making it the second-highest-grossing sale in BLM history, while the top bid set a federal record of $701 per acre. Forty-seven parcels sold at an average of $107 per acre, more than triple the $32...
The risks posed by this concentration are worth taking seriously. The problem is that these tools may force taxpayers to take on unnecessary risk—leaving them stuck with the bill if the companies fail—without addressing the underlying problem.
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