Oil Price California and parts of the Midwest are at a high risk of electricity shortages in the coming years amid the transformation of their grid from one reliant on fossil fuels to one reliant on other sources of energy such as wind and solar. The warning comes from the latest annual assessment of the grid by the North
Oil Price California legislators have tabled a bill aimed at extracting more money from oil companies who they blame for excessive gasoline prices in the state, local media report. Per the Sacramento Bee, the bill was proposed by Democratic Senate Chairwoman Nancy Skinner at the request of Governor Gavin Newsom. In essence, it involved setting a cap on oil companies’ profits,
Oil Price A fire broke out at Chevron’s El Segundo refinery in California on Tuesday evening, with no injuries reported and no immediately clear indication as to the cause of the incident. At around 6:15 p.m. on Tuesday, El Segundo Fire Department responded to an isolated fire inside the Chevron El Segundo Refinery, the city of El Segundo said. El
BOE Report Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill The sale comes after a failed bid this year to restart production at the site and as Exxon culls poor performing businesses. Santa Barbara
Oil Price California has made yet another step on its way to complete reliance on renewable energy by banning the use of gas-powered water heaters and furnaces from 2030. The proposal to ban these products was approved unilaterally by the California Air Resources Board yesterday, Bloomberg reports. “We’re really hopeful that this is the beginning of a domino effect and
NPR Citing searing summer temperatures and expected energy shortages, California lawmakers approved legislation aimed at extending the life of the state’s last-operating nuclear power plant. The Diablo Canyon plant – the state’s largest single source of electricity – had been slated to shutter by 2025. The last-minute proposal passed by the state legislature early Thursday could keep it open five years longer,
Nasdaq HOUSTON, April 8 – Negotiators from Chevron Corp CVX.N and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible end to a strike at the company’s oil refinery in Richmond, California, spokespeople for both sides said. The talks will be the first face-to-face meeting in nearly two weeks between Chevron and USW Local 12-5.
EIA Electricity routinely flows between the Lower 48 states and, to a lesser extent, between the United States and Canada and Mexico. Electricity generation exceeds electricity consumption in 25 states, and excess electricity is transmitted across state lines—almost 10% of U.S. electricity generation is traded among states. In 2019, California’s net electricity imports were the largest in the country at 70.8 million
EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,
Reuters California on Thursday approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison (SCE_pe.A) to fund the installation of nearly 40,000 chargers, the California Public Utilities Commission said in a statement. The
Reuters Power prices in the U.S. West soared to record highs for a second day during a brutal heat wave as California utilities urged consumers to keep conserving energy to avoid more rotating outages with demand expected to hit an all-time high on Tuesday. On Friday and Saturday, the California ISO, which operates the grid for most of the state,
RarePetro Oil & Gas 360 Publishers Note: Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any kind of recovery on our producers. This brings up the question: Should Donald Trump, or Congress, get involved in eliminating
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