The New York Times reports on another Department of Energy green energy loan going bad. This one involves Nevada Geothermal Power, which generates electrical power using near-surface geothermal heat. After $79 million in loans and $66 million in outright grants, the company’s auditor has concluded that there is significant doubts about its ability to continue as a going concern. In this case, Nevada Geothermal was | Read More »
Your President has been telling you things that simply aren’t true. Things like “We can’t drill our way out of our energy problems.” Or “Oil and gas are the fuels of the past.” Or, perhaps worst of all, “The U.S. consumes 25% of the world’s oil, but controls only 2% of the world’s reserves.” Well, that last one may be technically true, but it is | Read More »
It’s a familiar-sounding story. Sometime in the past, the Executive Branch surreptitiously met with Energy Industry interests to craft policy on energy issues. Specifically, officials of the Department of Energy met with energy lobbyists and friendly think-tankers to rebut a university study that cast the industry in a bad light. When the ranking member of the congressional committee charged with oversight in this area asked | Read More »
The Energy Information Administration of the Department of Energy compiles and analyzes energy-related statistics. One of their key reports is the Annual Energy Outlook. On December 14, EIA released its look at the next 25 years, the Annual Energy Outlook 2010 (AEO2010). This Early Release details only the Outlook’s “Reference Case” (assumptions here and here); the full report, due out in March, will cover a | Read More »
H/T Artie Nobel-laureate Energy Secretary Dr. Steven Chu apparently did not realize that lobbying OPEC on matters like price and production levels falls under his purview: Chu Retracts Comment That OPEC Isn’t His Domain, Cites Naivete U.S. Energy Secretary Steven Chu said today that lobbying OPEC on oil production is “not in my domain,” only to retract the statement hours later, citing his “naivete.” Chu, | Read More »
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