“Markets themselves also contribute to energy security. They adjust faster than governments intervening to manage markets, which can make matters worse.” @DanielYergin in @WSJopinion https://t.co/jKWSlgyJ6J
There are lots of environmental Kuznets curves, and lots of areas with leapfrogging (i.e. developing countries developing more cleanly than we did). Let's keep making progress on these and more.
“For California, shrinking alkylate supply compounds concerns of a potential gasoline shortage. Alkylates are highly sought in California because they burn cleaner than other additives, and the state requires a unique gasoline blend to reduce smog.”
How does a shortage of cooking fuel in India worsen the pain for California's motorists? My latest for @Reuters answers that, with help from @T_Mason_H and @GasBuddyGuy#OOTT
https://t.co/rV2zylJH8a
@MattZeitlin@ArnabDatta321 3) Over what time period? If utilities build for data centers that are downsized or canceled, other customers may pay unless the tariff has minimum bills, collateral, or exit fees. Over longer periods, higher demand may induce more supply of gas, equipment, and low-cost power.
@MattZeitlin@ArnabDatta321 It’s surprising how often I hear people say things like "make the data center use less power so our rates don't rise” which is almost backward given that ratepayer protections often require the data center to pay for a minimum amount of power monthly for years.
@MattZeitlin@ArnabDatta321 Yeah, the way I’d put it is that "Do data centers raise or lower electric rates?" is an understandable question, but underspecified.
1) Compared to what? In an era of rising rates, the sensible question is whether rates are higher or lower “than they otherwise would have been.”
@MattZeitlin@ArnabDatta321 It’s surprising how often I hear people say things like "make the data center use less power so our rates don't rise” which is almost backward given that ratepayer protections often require the data center to pay for a minimum amount of power monthly for years.
@MattZeitlin@ArnabDatta321 3) Over what time period? If utilities build for data centers that are downsized or canceled, other customers may pay unless the tariff has minimum bills, collateral, or exit fees. Over longer periods, higher demand may induce more supply of gas, equipment, and low-cost power.
The US consumes over 20 million barrels of oil each day.
But it doesn't consume it directly. Oil refineries take raw crude and turn it into various products - gasoline, diesel, jet fuel - that we can use.
This week, I look at how oil refineries work. https://t.co/4hnjSmfs2d
@GK_Fellows There’s no statute requiring a Presidential Permit so it’s not clear what if any process is required to grant one. But yeah there will be NEPA challenges to the EIS.
Described as "similar to the old Keystone XL pipeline." Some notes:
1) It enters U.S. in Montana and ends in Wyoming so less state permitting, but it doesn't tie as easily into Gulf Coast markets.
Here's the government's notice of intent to prepare an Environmental Impact Statement with the schedule: "Final EIS is anticipated to be released in Spring 2027, with a Record of Decision to follow" https://t.co/QKSts69cZE
2) Aims to complete envt'l impact statement next spring. Last time, the gov't had trouble defending its environmental review in courts. But since then Supreme Court has mandated more deference to agency EISs & pooh-poohed need for upstream reviews demanded by pipeline challengers
Assuming my math is correct, based on vessel tracking, the US exported more crude and refined products last week than Saudi Arabia, Russia, Kuwait, Iraq and Iran *combined*.