What Would a Biden Administration Mean for New York’s Renewable Energy Industry?

Americans have already voted en masse, and – hopefully – will know the identity of their next president on November 3 or shortly thereafter. Currently, former Vice President Joe Biden appears to be leading in the polls. It is thus worth considering what a Biden administration might mean for solar, wind, energy storage, and other renewable projects here in New York.  In New York, as in many other states, most…

Presidential Election 2020: Considerations for the Oil & Gas Industry

In the midst of a chaotic year and a tense campaign season, issues such as COVID-19, race relations, and healthcare seem to be at the forefront of Americans’ minds as they head to the polls on November 3.  But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. economy, its energy independence, and…

Energy Transition’s Impact On Oil & Gas

We’re constantly hearing about the “energy transition” in the corporate and public domain. There’s a general understanding of the energy transition, yet there are several questions we first need to consider: From a historical context, when did the U.S begin the energy transition? Where are we today? What’s the impact on fossil fuels? There’s no shortage of media articles referring to companies and their stated goal(s) of striving to be carbon neutral by…

Top 10 Things to Know About New York State’s New Proposed Large-Scale Renewable Project Siting Regulations

On September 16, 2020, the newly created Office of Renewable Energy Siting (“ORES”) issued the much-anticipated proposed regulations implementing New York State’s new large-scale renewable energy permitting process.[1] The proposed regulations represent significant progress regarding implementing the details of that improved process, setting out application requirements and uniform standards and conditions for designing, engineering, and operating new major renewable energy facilities in the State. The full text of the regulations are…

Weekly Focus

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…

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%…