Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Everything's Coming Up...Texas

Who'd a thunk it? Yes, it's Texas AGAIN. This time emerging as the surprise "pioneer" as the Wall Street Journal puts it, in wind and solar capacity. Kind of figures though, when you think about it. It does have many wind-swept plains and nice, flat Southern expanses friendly to sprawling solar farms. Well, more power to 'em -- if they can pull it off "within the state’s...

A Texas Stampede...To the Permian

Oil companies and Wall Street investment types are "stampeding," according to the Wall Street Journal, into the West Texas section of the Permian Basin, snapping up acreage for its mineral rights. "In some cases, Permian drilling properties are fetching prices that exceed those paid when oil prices were above $100 a barrel two years ago." ...

What's Next For Alaska?

"Alaska and the tech sector aren’t usually found in the same sentence," says one Jon Bittner, vice president at the Anchorage Economic Development Corp. Nevertheless, he points out, since folks in this industry can work from their computers, there's no reason Alaska can't have a vibrant tech sector. With oil prices "in the gutter" as Bloomberg puts it, oil-rich states like Alaska are...

The Trial-Size Nuclear Reactor

An SMR, try one! It sounds like a snack, maybe something like a S'mores, but actually it's the new breed of nuclear reactors that are much smaller (300 MWe or less) than current generation base load plants (1,000 MWe or higher), so small and compactly built, in fact, that they can be transported fully-built to their installation site. All of this goes into Michael Lynch's argument in Forbes...

China In the North Sea

The Brits are acting jittery over Chinese influence. British PM Theresa May is said to have put the Hinkley Point C Nuclear Plant on pause because of concerns that China, which will be a major investor in the project, would gain too much control over UK infrastructure. This morning comes a spate of articles, mostly in the British press, about Chinese ownership of North Sea oil drilling...

'OPEC Has Done It Again'

It seems talk of OPEC's demise as a market manager was premature. OPEC's talked up the oil price again. Essentially Saudi Arabia gets to have it both way. It's pumping flat out into a glutted market (thereby staying in the battle for market share against arch-rival Iran) while easing the price per barrel up to around $50, 2016's version of a good number. How did they do it? According to...

OPEC Remembers How to 'Manage the Market'

It's "all about the jawboning," says Bloomberg oil analyst Stuart Wallace. Mere "jawboning" about a production freeze by OPEC's oil minister (which he says might be the outcome of the upcoming OPEC summit in Algiers next month) has caused Brent crude futures to rise above $50 and actually stay there for several days. Of course OPEC isn't OPEC if it can't still take some control over global prices...

Who's Buying Long-Constrained US Oil?

It was a move that the Wall Street Journal called "unthinkable even a few months ago." Just last December, President Obama signed a bill ending the "40-year-old ban on oil exports, a historic action that reflects political and economic shifts driven by a boom in U.S. oil drilling." Seven months later, according to Bloomberg's reckoning, "More than 87 million barrels of crude and condensate have...

The UK's Nuclear Dilemma

Poor UK PM Theresa May.  That Hinkley Point nuclear deal pending in the UK has just gotten too complicated. To build or not to build would be so much simpler if it was just about power again -- you know, the most best bang for the buck, the best power source that's the least expensive. Instead the Hinkley Point deal has become loaded down with all sorts of other considerations like staying...

How's Your Grid Today?

Here's a fun thought for a Monday morning when much of America is in the middle of a heat wave: "What Will You Do When The Lights Go Out?," asks OilPrice. Subtitle: "The Inevitable Failure of the US Grid." Substitute "air conditioning" for "lights" and the question seems more serious. Who needs lights on a hot summer day anyway. The so-called U.S. grid is made up of many smaller grids which...

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