Headline News:
- “Why The Oil Industry Can No Longer Rely On China” • US shale oil, far too heavily reliant on Cushing storage, paid the price when WTI prices went negative as Cushing hit capacity. In their way, OPEC oil and gas producers are similar. They invested heavily in China, and they are paying the price, as Chinese demand is hit by Covid-19. [OilPrice.com]
Enbridge tank farm in Cushing, Oklahoma (roy.luck, Wikimedia Commons)
- “Australian Government’s $94 Million Crude Oil Purchase Offers A Simple Economics Lesson” • Last week, Australia took advantage of record-low oil prices to buy crude oil it needed to maintain a fuel stockpile. This illustrates the difference between energy that must be stocked, such as oil, and energy that flows naturally, such as renewables. [ABC News]
- “New Research Turns Old Soda Bottles Into Battery Electrodes In Microwave” • Researchers at Purdue University have devised a way to use microwaves to convert plastic waste into battery electrode material. The process applies to PET – polyethylene terephthalate – the most commonly used plastic for single-use water and soda bottles. [CleanTechnica]
- “As Extreme Weather Spurs Billions In Utility Resilience Spending, Regulators Struggle To Value Investments” • The National Renewable Energy Laboratory tried to evaluate approaches to resilience to guide utility investing. It found there are too many factors to quantify easily. This moves regulators back to human judgment. [Utility Dive]
- “NextEra’s Earnings Portend Well For Utilities And Renewable Energy” • Heading into Q1 earnings reporting season, the big question for electric utilities was how hard COVID-19 would hit demand for power. Now we have answers from NextEra Energy, and implications are bullish, especially for companies speeding adoption of wind and solar energy. [Forbes]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
* This article was originally published here
No comments:
Post a Comment