• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 16 mins WTI @ $75.75, headed for $64 - 67
  • 37 mins Trump vs. MbS
  • 10 hours The Dirt on Clean Electric Cars
  • 18 mins Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 9 mins These are the world’s most competitive economies: US No. 1
  • 16 hours Uber IPO Proposals Value Company at $120 Billion
  • 7 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 5 hours EU to Splash Billions on Battery Factories
  • 20 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 11 hours Coal remains a major source of power in Europe.
  • 7 hours Poland signs 20-year deal on U.S. LNG supplies
  • 23 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 17 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Stock Market Chaos Sparks Oil Selloff

Stock Market Chaos Sparks Oil Selloff

Global markets took a beating…

Why Crypto Miners Are Paying Attention To The Permian

Why Crypto Miners Are Paying Attention To The Permian

The Permian is literally burning…

Rick Perry Orders Study Of Renewables’ Effect On U.S. Electric Grid

Refinery

Secretary Rick Perry had ordered his Department of Energy to conduct a study on the United States’ electricity grid to determine whether renewable sources of energy have jeopardized baseload power.

Perry’s Monday morning memo said that the review would assess whether federal environmental policies have hurt the power grid’s ability to supply baseload power, which depends on fossil fuels, over the past few years.

Battery technology has not advanced enough for the economical storage of wind and solar power on windy and sunny days for future use. This makes direct use of fossil fuels and nuclear energy a more attractive option to guarantee power to the American public.

In the order, Perry wrote that the study should evaluate “the extent to which continued regulatory burdens, as well as mandates and tax and subsidy policies, are responsible for forcing the premature retirement of baseload power plants,” among other things, according to an article by The Hill. “The result of this analysis will help the federal government formulate sound policies to protect the nation’s electric grid.”

The order is a sign that Trump is continuing his efforts to reverse President Barack Obama’s environmental apparatus, as promised on the campaign trail. Trump aims to rebuild the U.S. coal sector to provide jobs in areas that heavily voted for him in the 2016 elections.

In the memo, Perry said Obama’s rules “have destroyed jobs and economic growth and they threaten to undercut the performance of the grid well into the future.”

Related: Could An OPEC Extension Normalize Inventories?

According to the United States Department of Energy, the American power grid is made up of three smaller grids, known as interconnections, which transport energy all over the country. The Eastern Interconnection provides electricity to states to the east of the Rocky Mountains, while the Western interconnection serves the Rocky Mountain states and those that border the Pacific Ocean. The Texas Interconnected System is the smallest grid in the nation, and serves most of Texas, although small portions of the Lone Star state benefit from the other two grids.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:


x

Join the discussion | Back to homepage

Leave a comment
  • Frank on April 18 2017 said:
    Here, I'll save you the $20M study:

    1) No
    2) Germany

    (points to Germany)

Leave a comment

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