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Week Beginning November 7, 2022Powerball fever is taking over the country. Monday night’s drawing is expected to be $1.9 BILLION, the largest in lotto history. If you win and choose the lump sum, you’ll bring home $929 million. Petroleum Heating oil prices are up $0.137 per gallon from last week to $5.863 per gallon on the East Coast. Gasoline has gone up slightly from last week. The average price per gallon on the East Coast is $3.522,…

Week Beginning October 31, 2022Today is Halloween, which has its origins in a Celtic festival called Samhain, where people would ward off ghosts while wearing costumes around a bonfire. The festival also marked the end of the summer and harvest season, and the beginning of winter. Petroleum Heating oil prices are averaging $5.704 per gallon nationally, down $0.018 per gallon last week. Prices are up $2.307 per gallon from last year at this…

In the wake of increasing inflation and as a means of codifying several of the Biden administration’s legislative priorities, the Senate passed the $750 billion Inflation Reduction Act on August 7, 2022 (the “Act”), by a 51-50 party-line vote. The Act, which is comprised of sweeping healthcare, energy, and tax measures, was approved by the House of Representatives on August 12, 2022, and signed into law by President Biden on…

On August 16, 2022, President Joseph Biden signed into law the Inflation Reduction Act of 2022 in what many have called the largest investment in climate change countermeasures in U.S. history. The Inflation Reduction Act of 2022 is probably the most consequential climate change legislation ever enacted by the U.S. government—it certainly will be the most expensive—and accordingly, it will have a major impact on the renewable energy industry, mostly…

Week Beginning August 1, 2022Europe is facing a potential natural gas crisis this winter, due to the sanctions placed on Russia. Last week, Gazprom slashed natural gas deliveries through its pipeline to just 20% capacity, citing maintenance work. Looking for new ways to conserve energy, one city in Germany banned hot water in public buildings, like government facilities, gyms, and swimming pools. The city of Hanover will also reduce heating in public buildings, disconnect public fountains,…

Focus State considers more aggressive goals for offshore wind development  Eureka Times-Standard – July 2 Last Monday, the California Energy Commission held a workshop regarding potentially advancing higher offshore wind energy goals after setting preliminary targets of 3 GW of development by 2030 and between 10 and 15 GW by 2045. Some at the meeting suggested the goal should be raised to 5 GW by the end of this decade,…

While fuel prices skyrocket and energy supply and security concerns continue, interest in nuclear power is gaining momentum around the world. The International Energy Agency (“IEA”) released a June 2022 report entitled “Nuclear Power and Secure Energy Transitions” acknowledging the unique opportunity for nuclear in the context of today’s energy crisis and ambitious decarbonization goals. The report notes that both the challenge of net zero and the impacts of Russia’s invasion of…

Renewable natural gas (RNG) is natural gas which is produced from renewable and sustainable sources such as food/agricultural waste, landfills, and sewage treatment plants. It is also known as sustainable natural gas or biomethane. After upgrade, RNG is fully interchangeable with pipeline quality conventional natural gas due to the chemical similarities with conventional natural gas (i.e., primarily comprised of methane). RNG, unlike conventional natural gas, does not depend on non-renewable…

A. Introduction – The power generation mix for the Nigerian Electricity Supply Industry (the “NESI”) is dominated by gas with over 70% share of on-grid electricity generation, with hydro supplying the rest1 . As the technical, operational and commercial regulator of the NESI, the Nigerian Electricity Regulatory Commission (“NERC”) introduced different regulatory measures aimed at improving the Nigerian energy mix through the utilization of renewable energy sources for power generation.…

Why Natural Gas Prices Just Hit a 14-Year High – As U.S. fuel prices surge fast than crude oil over the last month, the United States is facing an energy crisis that just keeps getting worse – and as Americans suffer at the gas pump, the cost of natural gas is rising rapidly too.  Natural gas, an essential fuel for consumers who use it to heat their homes and generate electricity and industries that use it to create…