By Rachel Waldholz | – ( Clean Energy Wire) – Germany produced more than half of its electricity with renewable power in the first three months of 2020, the first full quarter in which renewables covered the majority of the country’s electricity needs. The numbers were driven by record wind and high solar production in […]
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Energy
Wind Power surges by 20 Percent! Why Gov’t Should Put Stimulus Money into it to Help Economy and the Earth
Ann Arbor (Informed Comment) – Wind power is growing by leaps and bounds, with new installations up 20 percent in 2019. A whole 60 gigawatts was installed globally last year, mainly by China and the US. So writes Jim Timmer at Ars Technica. The good news is that 20 percent growth year on year is […]
The Contango Tango: SecState Pompeo Pressures Saudis to Raise Gasoline Prices, Harming US Consumers
Ann Arbor (Informed Comment) – Secretary of State Mike Pompeo had a phone call with Saudi crown prince Mohammed Bin Salman on Tuesday. So reports Sam Meredith at CNBC. Then the State Department issued a statement on Wednesday that said, “Secretary Pompeo and the Crown Prince focused on the need to maintain stability in global […]
Why Countries should use Coronavirus Economic Stimulus to Transition to Green New Deal
By Rachel Waldholz | – ( Clean Energy Wire) – Foundations are calling on the EU to use any economic stimulus enacted in response to the coronavirus to accelerate the transition to a green economy. The global climate crisis cannot be ignored even as governments focus on the health crisis, said Laurence Tubiana of the […]
“A Seller’s Market for Bankruptcy Talent:” The Beginning of the End of Methane-Producing Fracking?
Ann Arbor (Informed Comment) – On Monday, the price of West Texas Intermediate petroleum fell below $30 a barrel for the first time in four years. Elliot Smith at CNBC reports that BP CFO Brian Gilvary is braced for petroleum demand actually to contract in 2020. This prediction is very bad news for US fracking […]
Clean Energy Produced on Navajo Land will Help Power Los Angeles
By Sarah Donahue ( Cronkite News ) – LOS ANGELES – In a city renowned for its green policies, Prius drivers and biodegradable straws, it was only a matter of time before officials would vote to move away from coal powered electricity. To transition to clean energy, the city sold its shares of a coal-powered […]
Why is it only Suspicious when Iran Does it? Energy-Rich United Arab Emirates is about to open 4 Nuclear Reactors
By Paul Dorfman | – The United Arab Emirates (UAE) is building the world’s largest concentrated solar power plant, capable of generating 700 megawatts. During daylight, solar power will provide cheap electricity, and at night the UAE will use stored solar heat to generate electricity. But at the same time, four nuclear reactors are nearing […]
Behind the Turmoil: Russia Provoked Oil Price Fall to Protect its Markets from US Frackers, which could now Collapse
Ann Arbor (Informed Comment) – Last weekend, OPEC Plus, an expanded cartel of petroleum exporters, considered a plan for members to cut back on their oil production so as to support prices in the face of a slowing world economy owing to the novel coronavirus. The Russian Federation rejected the plan put forward by OPEC, […]
“A Toothpick in a Tsunami”: US Big Oil Faces Bankruptcy as Prices Plunge 30% on Saudi Expansion
Ann Arbor (Informed Comment) – Oil prices plummeted by 30% on Monday morning in Asia on news that Saudi Arabia intended actually to cut its prices and increase its production on April 1 to more than 10 million barrels a day. As a result, Asian markets also took a huge hit. Riyadh’s move came after […]