2018’s Bad Guys in Energy

By Charles Sartain on January 3, 2019 I report herein on 2018’s parade of reprobates, rapscallions and others generally lacking in moral hygiene.  We reflect on a mother’s love, corruption in Venezuela, a disloyal employee, stealing from friends, a disgraced politician, and the wisdom of Forrest Gump. Perp: Carol Faulkner Violation: Not a crime but worthy of your consideration for its shamelessness. A “mendacious filing” in a an SEC civil enforcement action against Chris Faulkner, and she “repeatedly and willfully abused the judicial…

Democratic Leader Requests Clean Energy Infrastructure Package In 2019

On December 6, 2018, U.S. Senator Charles E. Schumer (D-NY) wrote a letter to President Donald Trump requesting that, in 2019, any infrastructure package to be considered include a focus on the clean energy economy to address climate change. Emphasizing that climate change is, in fact, real and caused by humans, Senator Schumer refers to the Administration’s recent National Climate Assessment report and the drastic need to reduce emissions. In the letter,…

Natural Gas Storage Report Withdrawal Season Week 8 (Week Ending December 21, 2018)

Forecasts of warmer weather seem to have finally come to fruition on this week’s withdrawal as EIA reported a slim 47 Bcf draw that nearly matched all expectations and paled in comparison to historical values. December has been mostly mild, yet storage inventories still are in danger of finishing the refill season at a notably low value. With the expiration of the January contract month yesterday, the February NYMEX price…

Natural Gas Storage Report Withdrawal Season Week 6 (Week Ending December 7, 2018)

The wild ride that is the 2018 withdrawal season has yet to slow down, and this week’s bearish pull of 77 Bcf, coming in notably lower than the market expectation of 84 Bcf, is providing yet another chance for the NYMEX winter prices to showcase their volatility. Historically, this draw sits higher than last year’s 59 Bcf withdrawal while also nearly falling in line with the five-year average of 77…

The Emergence Of Creative Financial Tools For Renewable Energy And Energy Efficiency Projects

The ingenuity of the renewable energy industry and the energy-oriented financial players is never to be doubted. Within the past few years, several creative financial tools have emerged to support the development of new wind and solar projects as well as further advances in large-building energy efficiency. The traditional regulatory and financial incentives for renewable energy and energy efficiency projects—investment tax credits, production tax credits, mandated renewable portfolio standards, mandated…

Natural Gas Storage Report Withdrawal Season Week 5 (Week Ending November 30, 2018)

The market consensus for this week’s storage report hit the nail on the head with a 63 Bcf withdrawal that outpaced last year’s 3 Bcf pull and the five-year average draw of 58 Bcf. Easing of colder weather patterns gave the recently bullish market a much need break, and the past two weeks have seen mostly sideways trading, albeit with a wider-than-usual amplitude of 10 cent swings most days. Key…

Natural Gas Storage Report Withdrawal Season Week 4 (Week Ending November 23, 2018)

After last week’s triple digit withdrawal, the market saw a bit of relief on the current report with a bearish 59 Bcf draw. Market expectations ranged from 67-77 Bcf, and this week’s pull surpassed last year’s 33 Bcf withdrawal while falling exactly in line with the five-year average at 59 Bcf. The Thanksgiving holiday made for a challenging storage picture, but many of the gains seen over the past several…

Renewable Energy Update: November 2018 #3

Focus California utilities topping renewable targets and driving down contract prices, according to CPUC NORTH AMERICAN WINDPOWER – Nov 13 A new California Public Utilities Commission (CPUC) report says the state’s renewable portfolio standard (RPS) program – one of the most ambitious in the country – not only remains ahead of target, but it is helping to drive down renewable contract prices. The state’s RPS requires investor-owned utilities, electric service providers, and…

Natural Gas Storage Report Withdrawal Season Week 3 (Week Ending November 16, 2018)

Last week’s cold weather across the majority of the Lower 48 ended up yielding a bullish -134 Bcf withdrawal, which exceeded the market expectation of 109 Bcf, last year’s draw of -46 Bcf, and the five-average of -49 Bcf for around the same time period. Large swings in the front month NYMEX contract may have initially been viewed as weather-driven and fundamentally influenced, but a closer look at these large…