The Latest Crude oil prices rose last week and continued to gain on Monday, trading around $42.50 a barrel. Investors were optimistic after reports showed coronavirus infections had decreased to their lowest level in two months on Sunday. Fears of an extended shortage in supply due to the coming hurricane season also offered some support to prices. Over the weekend, crude producers in the Gulf of Mexico shut down over…
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Renewable Energy Update – August 2020
FocusCCAs eye PPAs for 1 TWh of renewable power Renewables Now – August 3California community choice aggregators (CCAs) San Jose Clean Energy and Peninsula Clean Energy are jointly seeking proposals to buy 1 million megawatt-hours of renewable power annually. The CCAs have issued a joint request for offers and announced their readiness to sign power purchase agreements (PPAs) for at least 10 years, they said this Tuesday. The contracted power, which…
Renewable Energy Update – July 2020
FocusHouse Democrats pass major clean energy bill as Senate GOP mulls timeline for economic stimulus Utility Dive – July 2The House this Wednesday passed a $1.5 trillion green recovery package, the Moving Forward Act, which includes the GREEN Act, a comprehensive bill that would boost federal tax incentives for solar, storage, offshore wind, electric vehicles, and more. The GREEN Act is the latest attempt by Democrats to include clean energy aid…
Your Weekly Jolt ? 4th of July
YOUR WEEKLY JOLT Most of us have a short work week as we celebrate the fourth of July holiday with a welcomed three-day weekend. Some firework displays have been canceled this year, but the Macy’s 4th of July Fireworks show in NYC will go on, beginning tonight. Cheers to a sparkling 4th of July holiday weekend from our crew to yours. Now for this week’s Jolt. HEATING OIL Prompt-month heating oil futures decreased 6.20% for the…
Your Weekly Jolt ? Drive-In Movies
YOUR WEEKLY JOLT Thanks to continued COVID-19 social distancing rules, many of the nation’s biggest theater chains remain closed by the governmental advisory. On the flip-side, from coast to coast, the popularity of the nation’s 305 drive-in movie theaters—many of which were built when Eisenhower and Elvis were popular—is on the rise. Even Governor Cuomo wants to fast-track the reopening of New York’s 30 or so drive-in theaters, citing the implied safety of…
Your Weekly Jolt ? Crew Dragon
YOUR WEEKLY JOLT It’s clearly the right time to head into outer space. Saturday, SpaceX’s Crew Dragon lifted off from Cape Canaveral in Florida. Talk about social distance. The two astronauts are now sitting 400 kilometers above Earth, on the International Space Station, where they will remain for 4 months. Give us a little time to try and turn things around down here. Now for this week’s Jolt. HEATING OIL Prompt-month heating oil futures decreased 1.67%…
Our Current Energy Environment with Coronavirus
The worldwide economy and energy markets have predictably been shaken by the COVID-19, widely known as the coronavirus. One with a pessimistic view would consider the energy market as yet another victim of this economic plunge; urging anyone from business owners to consumers into hoarding cash until the situation stabilizes enough that any next step isn’t too much of a risk. While this advice may be sound for many markets,…
Your Weekly Jolt ⚡ OPEC & Russia
YOUR WEEKLY JOLT The implosion of an alliance between OPEC and Russia has led to the worst one-day crash in crude prices in nearly 30 years. U.S. oil prices and global benchmark Brent Crude could have their worst day since 1991. Saudi Arabia shocked oil markets by launching a price war, trying to retake global market share after Russia refused to go along with OPEC’s efforts to rescue the oil market from a plunge in…
The Utility Deregulation Amendment: Why did it fail to get on the ballot for the 2020 election?
The 2020 elections are upon us and this year, our country will make important decisions regarding our future. One of the biggest questions supporters of energy deregulation had was: would there be an amendment on the Florida ballot that allowed for voters to approve energy choice? The drama has resolved itself in the hallowed halls of the Florida Supreme Court, recently ruling that an amendment regarding energy deregulation would not…
Which U.S. States And Cities Use The Most Electricity?
There are many who question how we can better save electricity through renewable methods, decreased consumption, or any other strategy to keep costs down. However, who the top energy-draining culprit is among the United States is often up for debate, as there is a size vs. energy efficiency debate. We’ve compiled a list of the U.S. states and cities that use the most electricity. Among states, a surprising leader in…