• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 2 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 42 mins Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 14 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 1 day CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 1 day NordStream2
  • 5 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 5 days Modest drop in oil price: SPRs vs US crude inventory build
  • 1 day "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 6 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days 2019 - Attack on Saudi Oil Facilities.
Editorial Dept

Editorial Dept

More Info

Winners And Losers Of EPA’s Carbon Plan

Introduction

The United States is hoping to take drastic measures to cut its greenhouse gas emissions. However, with the U.S. Congress gridlocked and unable to take any meaningful steps on pretty much anything, the Obama administration has decided to act unilaterally using existing executive authority.

President Obama, through the Environmental Protection Agency, has proposed limits on greenhouse gas emissions from both new – and crucially – existing power plants. The target is coal, the dirtiest form of electricity generation. Coal currently accounts for nearly 40 percent of the total electricity generation mix across the country.

The EPA’s “Clean Power Plan” will cut carbon pollution by 30 percent below 2005 levels by 2030. While that overarching national goal is the headline number, each U.S. state has individual targets for reducing carbon pollution that it must reach. The rule will allow each state to come up with their own plan on how to achieve those emissions reductions. It could mean a renewable portfolio standard, energy efficiency, cap-and-trade programs, or a number of other policies.

The Wires

No matter what pathway states choose, it can be generally assumed that a lot more renewable energy is on its way. New solar, wind, and geothermal plants will take the place of dozens of coal-fired power plants that are set to retire. As a result, a truly transformational shift in America’s electricity grid…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News