Under most regulatory scenarios, and that which is currently practiced in West Virginia, customers pay an average price based on the overall cost of all energy sources (coal-fired, gas-fired, hydro, wind, etc.) Every dollar is treated as a credit to our expenses, which are trued up annually with the Public Service Commission as we adjust our rates, she said.
PARACHUTE, Colo. -- The brush-covered landscape of buttes and desert just west of the Rockies, already dotted with oil and gas rigs, could be in store for another resource boom as the energy industry turns a fresh eye toward developing oil shale. A reserve estimated at nearly 1 trillion barrels of oil buried deep in rock formations stretching from western Colorado into northeastern Utah and southwestern Wyoming may be a way to ease U.S. dependence on shrinking foreign oil supplies. The newly enacted energy bill was written to help open the way for research programs and commercial leasing of federal land containing oil shale.
Members of the Organization of Petroleum Exporting Countries want the same thing as Oklahoma motorists: ample supplies of oil, price stability and greater use of renewable energy sources - all the while protecting the planet from environmental disaster. That was message from Hasan Qabazard, director of the OPEC research division, on Wednesday.
Repackaging may work for cereals or Hollywood stars, but informed citizens won't be fooled by such gimmickry when it comes to government spending, taxes, health care and energy policy. Congress should focus on creating a business environment that isn't burdened by excessive regulation and the looming threats of energy taxes, reckless spending, tax increases and a massive restructuring of our healthcare system. A clean-energy standard is just another gimmick to increase the price of energy from sources that emit carbon dioxide.
Leftists are rushing to the judiciary as a refuge against efforts to undermine their global-warming tax schemes. In the current economic environment, the idea of massive hikes in the price of gasoline and other sources of energy has become radioactive. In response, the attorneys general of California, Connecticut, Iowa, New York, Rhode Island and Vermont are hoping activist judges will enact policies that elected, accountable representatives are increasingly afraid to touch.
WASHINGTON (AP) - The sharp spike in energy prices that occurred after the Gulf Coast hurricanes will act as a drag on the economy although the impact on growth and inflation will not be as severe as the oil shocks of the 1970s, Federal Reserve Chairman Alan Greenspan said. Greenspan said that with world oil markets exceptionally tight because of rising global demand, the likelihood of a sizable spike in prices due to the loss of Gulf Coast production was "an accident waiting to happen.
HOUSTON, Jan. 20, 2011 /PRNewswire/ -- Strong global economic growth at the close of 2010 created the second biggest demand spike in the past 30 years, according to Ernst & Young's Oil & Gas quarterly report. Demand is expected to continue to increase, though less dramatically, in 2011. Spare production and new refining capacity should be ample to absorb short-term demand growth," said Marcela Donadio, Americas Oil and Gas Leader for Ernst & Young LLP. "However, US policymakers and energy producers should remain focused on long-term issues and work together to create policies that encourage domestic resource production, in addition to conservation and the development of alternative energy sources, in order to prevent future demand- induced price spikes.
Marin Clean Energy would offer two service plans, a "light green" and a "dark green." Assuming enough entities join the power authority, and the authority succeeds in finding acceptable suppliers, light-green ratepayers would receive 25 percent of their power from renewable sources "with rates equivalent to those of the incumbent utility," according to the business plan. Marin Clean Energy would increase "this supply to more than 50 percent by 2014." Ratepayers who choose the dark-green alternative would receive 100 percent of their power from renewable sources "at a specified price premium reflective of renewable energy and related program operating costs." The business plan posits that the 100 percent green alternative could cost 5 to 10 percent more than current power in the first ye...
ONE WOULD expect that in these difficult economic times, and given our enslavement to the arbitrary price fluctuations of foreign energy sources, any community in the commonwealth would take advantage of the opportunity to develop a natural resource that could create hundreds of jobs, produce billions of dollars in revenue and put millions in the state coffers. Such an opportunity exists in Pittsylvania County - in an area known as Coles Hill, where one of the largest deposits of uranium in this country was discovered several decades ago.
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