• 2 days Shell Oil Trading Head Steps Down After 29 Years
  • 2 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 2 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 3 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 3 days Venezuela Officially In Default
  • 3 days Iran Prepares To Export LNG To Boost Trade Relations
  • 3 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 3 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 3 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 3 days Rosneft Announces Completion Of World’s Longest Well
  • 4 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 4 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 4 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 4 days Santos Admits It Rejected $7.2B Takeover Bid
  • 4 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 4 days Africa’s Richest Woman Fired From Sonangol
  • 4 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 5 days Russian Hackers Target British Energy Industry
  • 5 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 5 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 5 days Lower Oil Prices Benefit European Refiners
  • 5 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 5 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 6 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 6 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 6 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 6 days OPEC To Recruit New Members To Fight Market Imbalance
  • 6 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 6 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 6 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 6 days GE Considers Selling Baker Hughes Assets
  • 6 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 7 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 7 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 7 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 7 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 9 days The Oil Rig Drilling 10 Miles Under The Sea
  • 9 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 9 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 10 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
Can Argentina Replicate The U.S. Shale Boom?

Can Argentina Replicate The U.S. Shale Boom?

Much has been said about…

The Dangers Of A Bullish Oil Market

The Dangers Of A Bullish Oil Market

Geopolitical tensions continue to threaten…

Longhorn State Eyes Energy Efficiency

Longhorn State Eyes Energy Efficiency

We usually equate Texas with Big Oil, but soon we may be equating with clean energy because not only is Texas the biggest oil producer in the US, its main energy producer uses more energy than any other state.

So now, to meet growing demand, Texas is eyeing energy efficiency programs.

In mid-June, Texas Governor Rick Perry signed legislation that will allow local government entities across Texas to enact clean energy programs.

“We’re such a big energy user. That means our opportunity to be efficient is huge as well,” Kip Averitt, a former Republican state senator promoting the governor’s effort, told reporters.

The initiative--Property Assessed Clean Energy (PACE)--plans to increase energy and water efficiency upgrades which could improve state’s conservation record and render the Big Oil state a model for other states.

Related Article: Hawaii, the Greenhouse Gas Getaway

Through the commercial program, local business owners can finance a permanent conservation improvement to an existing building—like installing solar panels--through a low-interest, voluntarily assumed assessment that it pays through a local governmental entity.

PACE allows commercial and industrial building owners to finance water conservation and energy-efficient upgrades to existing property with long-term loans repaid through local taxing districts under voluntary property taxes, according to the New York Times.

The Texas Association of Manufacturers is also backing the plan because it could spur investments that could help his group’s 450 businesses cut costs.

A PACE system that targeted residences was created in 2009, but federal lending authorities didn’t support the program for homes, so nothing much came of it. Now it’s got a new lease on life, with state authorities taking responsibility and signing off on the program officially.

Related Article: Invest in Energy Equities to Profit when the Shale Gas Bubble Bursts

Texas has been ranked 8th among states in terms of clean energy and clean transportation jobs announced during the second quarter of this year.

The idea is taking shape across the US, with businesses and communities unveiling 58 such projects countrywide this quarter. The initiative could create over 38,000 jobs.

For now, Texas accounts for 2,000 of that job total, while California takes the top spot, with 12 clean energy and clean transportation projects that could generate close to 10,000 jobs.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News