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August 30th, 2012

Iraq‚??s Oil Production Passes Iran

by Andrew Price, President & COO

Iraq's oil production has grown steadily over the past several years while oil output in Iran has eroded. Production in Iraq exceeded 3 million barrels per day in July, about 300,000 barrels higher than its average output during 2011, according to the International Energy Agency (IEA). Iraq’s daily output is now second only to Saudi Arabia in the Organization of Petroleum Exporting Countries (OPEC).

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August 22nd, 2012

US Carbon Dioxide Emissions Reach 20 Year Low While Europe Misses An Opportunity

by Andrew Price, President & COO

The US Energy Information Administration recently reported that carbon dioxide emissions from energy consumption during the first quarter of 2012 was the lowest since 1992. What were the biggest factors driving the historic low? An abnormally warm winter reduced heating demand and gasoline usage continued its long trend lower in the US. Carbon Dioxide emissions were reduced from a less intuitive source as well, low natural gas prices. Natural gas prices dropped below coal on a $ per million btu basis and prompted an economic shift in electricity generation.  See my previous blog post: Coal Use Plummets For Power Generation.

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August 16th, 2012

Cape Wind Approved By FAA (Again)

by Andrew Price, President & COO

Cape Wind received a key approval from the Federal Aviation Administration (FAA) on Wednesday. The project has received similar approvals three times already. Since development began more than 10 years ago, the FAA has provided “Determination of No Hazard” approvals to the offshore wind project four times.

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August 3rd, 2012

Solar PV: California PUC Dramatically Expands Net Metering Program

by Andrew Price, President & COO

The California Public Utilities Commission (CPUC) recently voted 5-0 to dramatically increase the amount of solar PV projects allowable under the state’s net metering cap. State law limited the number of net metering projects by imposing a cap. The sum of the nameplate capacities of all net metering projects could not exceed 5% of utility “aggregate peak demand”.

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