Energy

An Energy Crisis Is the Latest Threat to Food Supplies

by Nicholas Larkin
Bloomberg

“In the U.K., it also raised the specter of an almost immediate shortage of carbon dioxide, a by-product of fertilizer production and widely by the food and drink industry.  A lack of CO2 would force slaughterhouses — which use the gas to stun animals — to close, at a time when staff shortages have left British farms crammed with roughly 100,000 extra pigs. It’s hitting grocery stores, too, because CO2 is used in packaging to extend the shelf life of food and for the “dry ice” that keeps items frozen during delivery, as well as giving soda and beer their fizz,” according to Bloomberg.

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How Biden’s America Last Policies Fuel Russian Energy While Boosting China’s Dominance Over Renewables

by Kevin Mooney
Real Clear Politics

“Members of the Biden administration from the president on down who peddled unsubstantiated allegations about Russian collusion with Donald Trump have some explaining to do.  That’s because Mother Russia is now benefitting from President Biden’s anti-energy policies in general, and from his hostility toward U.S. oil and gas, in particular.  Suddenly, Russia is the number two oil importer to the U.S. behind only Canada. The U.S. Energy Information Administration reports that U.S. imports of oil and refined petroleum products from Russia increased by 23% in May to 844,000 barrels a day from the prior month,” according to Real Clear Energy.

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Soaring Energy Prices Become Major Headache For China

by Irina Slav
Oil Price

“Europe is being ravaged by an unprecedented energy crisis, and it may already be spreading. Asia, the world’s biggest buyer of gas and coal, may be next, with China particularly vulnerable because of the size of its economy.  Perhaps somewhat surprisingly, the big problem for China is not natural gas. It’s coal, which powers the majority of its power plants, Bloomberg reported this week, citing state-run outlet China Energy News,” as reported by Oil Price.

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Regulator sues Tesla Big Battery in Federal Court over power grid promises

by Nick Toscano
The Sydney Morning Herald

“The Australian Energy Regulator has filed Federal Court proceedings against the Tesla Big Battery, known as the Hornsdale Power Reserve, which is owned and operated by French renewable energy giant Neoen.  It is alleged the Hornsdale Power Reserve failed to provide ‘frequency control ancillary services’ – services used to maintain the safe operations of the grid following power disruptions – despite making offers and receiving payment from the market operator to be on stand-by to provide them,” according to The Sydney Morning Herald.

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UK meat industry warns of imminent threat to supplies from CO2 crisis

by James Davey
Reuters

“A jump in gas prices has forced several domestic energy suppliers out of business and has shut fertiliser plants that also make CO2 as a by-product of their production process.  The CO2 gas is used to stun animals before slaughter, in the vacuum packing of food products to extend their shelf life, and to put the fizz into beer, cider and soft drinks. CO2’s solid form is dry ice, which is used in food deliveries,” according to Reuters.

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UN climate talks and European energy crisis juxtaposed

by Josh Siegel
Washington Examiner

“‘The simple reality is you can’t achieve some of these ambitious, almost herculean, energy transition targets without imposing massive and abrupt increases in costs of energy,’ said Bob McNally, a former top energy official in the George W. Bush administration who now leads the research group Rapidan Energy. ‘How political leaders respond to the energy emergency in Europe this winter will offer some clues on whether they will be willing and able later this decade to accept massive transition costs,’ McNally told me,” according to the Washington Examiner.

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Natural-Gas Prices Surge, and Winter Is Still Months Away

by Ryan Dezember
The Wall Street Journal

“It is supposed to be offseason for demand, and prices haven’t climbed so high since blizzards froze the Northeast in early 2014. Analysts say that it might not have to get that cold this winter for prices to reach heights unknown during the shale era, which transformed the U.S. from a gas importer to supplier to the world,” according to The Wall Street Journal.

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Is Oil Really Doomed?

by Irina Slav
Oil Price

“Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate change. They add to a growing body of research calling on Big Oil to stop pumping. But Big Oil seems to be doing the opposite,” according to Oil Price.  

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The stormy relationship between solar power and the weather

by Doug Johnson
Ars Technica

“Solar panels have a love-hate relationship with nature.They need to be placed in exposed locations that get a lot of sunlight, but cloudy weather obviously reduces their production. Less obviously, more extreme weather—from snowstorms to hurricanes—can damage or even break solar hardware altogether. New research performed by Sandia National Laboratories and published in Applied Energy showcases how weather events can reduce the amount of energy produced by the United States’ solar farms,” according to Ars Technica.

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Europe’s ambitious net-zero pledges hit home—with eye-watering energy bills

by Sophie Mellor
Forbes

“Running out of gas as the cost of energy hits record highs, Europe is facing a ‘power crunch’—one that has been years in the making. As the global demand for gas soars, Europe’s uptake of intermittent renewable energy sources such as wind and solar, combined with its aggressive shutdown of coal and heavy EU carbon taxation, has caused its electricity supply to tighten,” according to Forbes.

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House Democrats advance bill reforming oil and gas leasing on public lands

by Josh Siegel
Washington Examiner

“House Democrats are poised to deliver on President Joe Biden’s calls to reform drilling for oil and gas on public lands and waters by raising costs on producers and imposing stricter regulatory requirements.  All Democrats on the panel supported the $25.6 billion bill over the unanimous opposition of Republicans, who proposed dozens of amendments to muzzle the measures targeting fossil fuels, which Democrats derided as ‘poison pills,’” according to the Washington Examiner.

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Six moderate Democrats raise concerns about spending bill’s energy measures

by Rachel Frazin
The Hill

“In a new letter to House leadership, Reps. Henry Cuellar, Vicente Gonzalez, Lizzie Fletcher, Sylvia Garcia, Marc Veasey, Filemon Vela and Colin Allred criticized policies from their colleagues that are ‘targeting the U.S. oil, natural gas, and refining industries,’” according to The Hill.

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