Low oil prices threaten to ripple across sectors beyond energy; Russia issues Europe another pipeline ultimatum; President Obama cracks down on methane. Catch up on global energy with Recharge!
Tuesday, Jan. 20: WASHINGTON and THE INTERNET – President Obama delivers the State of the Union address. Energy is sure to play a major role, as Obama seeks to meet climate goals ahead of the Paris talks. Meanwhile in Congress, the GOP-led Senate debates a bill to pass Keystone XL (which Obama will veto) and accompanying amendments that read like a list of top energy issues – from lifting the oil exports ban to bolstering energy efficiency.
Wednesday, Jan. 21: NEW YORK and THE INTERNET – Columbia University’s Center on Global Energy Policy launches a report titled “Navigating the U.S. Oil Export Debate” (already available online). Thomas E. Donilon, former National Security Advisor, will deliver keynote remarks on energy geopolitics and national security.
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India builds solar plants atop canals to save land, water [Reuters] Putting solar panels over canals doesn’t just save land – it also prevents scarce water resources from evaporating in the sun. Increased solar innovation in India’s western state of Gujarat comes ahead of Obama’s visit to the country later this month, when Indian Prime Minister Modi is expected to call for US investment in clean technology.
Chevy Could Beat Tesla to Building the First Mainstream Electric Car [Wired] The race is on for the mass-market electric car. Chevy has a $30,000 EV with a 200-mile range in the works, and it could beat Tesla’s long-anticipated Model 3 to market. Chevy’s Bolt could be out as soon as 2017, but hitting a 200-mile range will require a better, cheaper battery than anything currently on the market.
Cuba Is Hoping To Replace Venezuelan Oil With American Tourists [FiveThirtyEight] “Venezuela’s oil subsidy is the Cuban state’s single largest source of revenue. It’s worth a billion dollars more than the $2.6 billion the country reportedly earns from tourism annually,” writes Francisco Toro. “Even without any cut in the volumes sent, the value of Venezuela’s in-kind aid to Cuba has already fallen by almost half in the last six months.”
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IEA via CNBC: "How low the market's floor will be is anybody's guess. But the selloff is having an impact. A price recovery – barring any major disruption – may not be imminent, but signs are mounting that the tide will turn."
NOAA: "The globally averaged temperature over land and ocean surfaces for 2014 was the highest among all years since record keeping began in 1880." [To put that in perspective ...]
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