Category: Wind Energy

Energy quick reads

** Exxon’s upstream division will take a hit of as much as $1 billion from lower oil and gas prices, the Spring, Texas-based company said in a filing Wednesday. Additionally, earnings will fall by as much as $1.3 billion due to “timing effects,” which include unsettled derivatives from trading. ** Vice President Kamala Harris and Environmental Protection …

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House Speaker changes his mind about targeting renewable energy with a production tax

  You never know what politics will bring. Take for example Oklahoma House Speaker Charles McCall’s HB2950 which he introduced in February and included a proposed renewable energy tax…a tax he threw in after renewable energy firms fought the Right of First Refusal bill supported by utilities. The Right of First Refusal bill, HB4097 pitted …

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Macquarie putting billions into wind energy projects

    Macquarie Group, the same company sued by the state of Kansas following the 2021 Winter Storm Uri and also under investigation by the state of Oklahoma is pouring billions into an offshore wind project through one of its divisions. Macquarie Asset Management, the asset management division of Macquarie Group , is investing $50 …

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Energy quick reads

** Biden administration estimates show that the US government could spend more than $1.8 trillion over ten years on energy tax subsidies, if they are made permanent. These costs could increase even further as new regulations, such as the recently finalized tailpipe emissions rule and proposed power plant rule, force greater adoption of tax credit‐​eligible technologies. ** The …

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Energy quick reads

** The U.S. was the world’s largest exporter of liquified natural gas (LNG) in 2023, according to federal data released on Monday. U.S. exports of the fossil fuel last year surpassed those of major exporters Qatar and Australia and amounted to 12 percent more American gas shipped than in 2022, the independent Energy Information Administration said. …

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Energy quick reads

** One major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who’ve muscled their way into markets once dominated by OPEC and its allies. US oil exports have set five new monthly records since Western nations began imposing sanctions on Russia in 2022. And with trade restrictions on Venezuela set to renew in …

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World’s largest aircraft to be built to carry wind turbine blades

  Aircraft designers are working on a plane so large that it will be able to carry wind turbine blades and fly them to spots around the world. Longer than a football field,, the proposed WindRunner aircraft, designed for the wind industry, was recently unveiled  by a Colorado-based firm. Its wingspan is 261 feet or …

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Energy quick reads

** Maryland Gov. Wes Moore warned of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. ** A Michigan facility will become the first shuttered nuclear plant in the country to resume energy generation, a …

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Energy quick reads

** The bodies of two people were recovered from the Patapsco River on Wednesday as officials searched the water where the Key bridge collapsed after being hit by an out-of-control container ship. The men, a 35-year-old and a 26-year-old, were found trapped in a red pickup at the middle of the fallen bridge, according to …

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Oklahoma among top ten renewable energy producing states

  A new study finds that Oklahoma is one of the top 20 states in the U.S. for its production of renewable energy. The state ranks number 6 in the U.S., largely because of the wind power and wind farms that exist. The ranking is based on 2022 figures showing Oklahoma produced 39.72 TWh of …

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