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Blog posts : "speculation"

Energy Update, July 25, 2008

July 25, 2008
In the States

CA – Due to Governor Schwarzenegger’s guidance to the California Building Standards Commission, that body unanimously passed new building standards. Starting in 2010, every new commercial and residential building in the state will use up to 50% less water and 15% less energy. California adopts nation’s first statewide “green” building code (pdf)California State and Consumer Services Agency and California establishes statewide green building standardsUS DOE EERE

KY – Governor Beshear has called on his Energy and Environment Cabinet to create a plan for energy self-sufficiency. In a press release, the Governor said that the time has come to change the way the state creates and uses energy. The Governor also said that the plan will reduce consumption and carbon emissions, produce and use more coal and alternative energy, and create more jobs. Beshear wants Kentucky to become ‘Energy Capital of the World’Business First of Louisville

MA – Governor Deval Patrick has signed the Green Communities Act, which should lower electricity rates and reduce the amount of energy used to create that electricity. The law applies primarily to utility companies, and includes a requirement for mandatory long term contracts with renewable energy companies, purchases of some energy efficiency products (and rebates for ratepayers to do the same), and favorable rates for buying solar or wind energy from consumers. Massachusetts Governor signs comprehensive energy reform billClean Edge

PA – Governor Ed Rendell has signed into law two provisions that should increase the amount of biofuels produced and consumed in the State. One new law will institute an annual subsidy of $5.3 million for the State’s biofuel industry. Once more biofuels are made, the other new law will take effect, requiring the sale of biofuel blends in the place of pure gasoline or diesel at the state’s fuel pumps. One difference between these and similar laws passed in other states is that the ethanol produced and sold in the state is to be cellulosic ethanol, which does not use food products to make the fuel. The use of corn and other foods to create ethanol has been blamed by some public officials and groups as the cause of higher food prices. Rendell signs legislation to increase the production of biofuels statewideConshy Recorder

TX – Texas is the state with the highest production of wind power in the United States, producing 4.296 GW of energy in 2007, or enough to power as much as 3 million homes. The state is also planning to spend $4 billion – $5 billion to construct power lines, which will transmit more than four times as much wind power than it does now to power-hungry cities. Ratepayers will see an increase of about $4 per month to fund the project. Texas goes from ‘Oil Capital USA’ to wind leaderDailyTech and State supports $4.9 billion wind power planThe Statesman

National Governors Association Centennial Meeting

During the NGA plenary session that focused on problems associated with energy, Robert Malone, Chairman and President of BP America, called for a more for a more a balanced national energy program that would include: increased domestic drilling offshore and in Alaska; increased use of nuclear power; energy conservation; alternative energy projects such as wind and solar, and some form of carbon reduction program. Vijay V. Vaitheeswaran, Correspondent for The Economist and co-author of the new book Zoom: The Global Race to Fuel the Car of the Future cited three “pillars of instability”: poverty; the environment; and geopolitics. He called for a paradigm shift toward market liberalization (for greater innovation), environmentalism, and a confluence of new technologies. Securing a Clean Energy Future Tops Agenda as Governors Meet in Philadelphia (Press Release)National Governors Association and Governors say they’d like more federal helpPhiladelphia Inquirer

National News

The U.S. Senate agreed almost unanimously this week that oil speculation should be curbed, but the effort stalled when the parties could not agree on how many amendments would be allowed. Republicans specifically want to add amendments which would lift the current federal ban on offshore oil drilling, while Democrats are trying to avoid voting on such an such an amendment. An amendment package from Sen. Bingaman would increase the amount of leases where drilling is already allowed, increase fuel economy in vehicles, and improve building codes. Standoff over amendments keeps energy speculation bill on holdCQ Politics

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