This combination of storm damage and a long history of mismanagement led to bankruptcy, forcing drastic action. While there are key challenges ahead, the government has taken a crucial step, passing the Puerto Rico Electric Power System Transformation Act, which was signed into law by Governor Ricardo Rosello-Nevares on June 20, 2018.
Iran’s leaders celebrated the participation of their Milli (national) Team in the World Cup as a symbol of national unity. However, while it is celebrated publicly, below the surface soccer is synonymous with the country’s simmering undercurrents of ethnic tension.
When they first cross the Atlantic, Europeans are often perplexed by the omnipresent air conditioners in the United States. Yet when humidity and temperatures reach unbearable levels during the summer months, even hardened naysayers of air conditioners appreciate a cool workplace that allows working without sweating profusely. However, not everything is cool with air conditioning.
Air conditioning is a relevant, but often forgotten, energy topic—one that is likely to increase in importance in the coming years amid temperature changes, climate change concerns, increasing access to electricity and rising population, and competition for markets to sell clean energy technology.
Amid political turmoil over migration, last month Germany launched its so-called coal exit commission, designated to determine an end date for coal use in Germany. The Commission, whose membership was formally announced in late June amid a political spat between Chancellor Merkel and Interior Minister Horst Seehofer over control of Germany’s borders, will hold its first plenary meeting this Friday.
The question is, does this project represent an environmentally progressive plan, an attempt to maximize hydrocarbon revenues, or a mixture of both?
On Tuesday, June 26, a senior State Department official told reporters that it was not likely to issue exceptions to US sanctions for countries that were significantly reducing its purchases of Iranian oil.
Unfortunately, many engineering solutions to both past and current architectural and industrial design challenges have relied on abundant and cheap energy for their effectiveness. When energy is cheap and plentiful, using increased amounts of horsepower is a seductive default position when designing industrial systems and processes.
A problem the University of California at Davis (UC Davis) experienced with a drinking water reservoir in 2005, involving a one-million-gallon open-air surface reservoir, serves as an instructive example.
The phrase “too cheap to meter” was used in a 1954 speech by the then-Chairman of the Atomic Energy Commission, Lewis L. Strauss. The occasion for the speech was the 20th anniversary of the National Association of Science Writers, held in New York City on September 16, 1954. When Strauss spoke, no commercial nuclear power plant was in service.
As Pioneer Chairman Scott Sheffield put it, shale companies share an interest in a more balanced market and “preventing overheated prices.” Unlike OPEC (at least Saudi Arabia), many shale producers are facing limits to their ability to ramp up production. Permian producers are finding themselves constrained, not necessarily by the vagaries of geopolitics and the maneuvering of OPEC, but by takeaway capacity and infrastructure constraints close to home.
Q: What are the major takeaways from the OPEC meeting that took place over the weekend in Vienna?
Croft: The biggest takeaway is that OPEC managed to hold it together.