On December 6, EPRINC hosted an event at the Russian Embassy featuring presentations on and a discussion of long-term global energy trends from a Russian perspective. Russian Energy Minister Alexander Novak provided opening remarks which were followed by presentations by Professor Leonid Grigoryev, Chief Advisor to the President, Analytical Center for the Government of the Russian Federation, and Dr. Tatiana Mitrova, Head of the Oil and Gas Department at the Energy Research Institute of the Russian Academy of Sciences. The presentations covered the Analytical Center’s global energy outlook through 2040 as well as energy challenges and opportunities facing Russia and its economy. The event concluded with a panel discussion featuring EIA Administrator Adam Sieminski and former EIA Administrator and current EPRINC board member Guy Caruso.
The presentations from the event can be downloaded from inside this post.
The full outlook can be downloaded from the Russian Academy of Science’s website: http://www.eriras.ru/files/Global_and_Russian_energy_outlook_up_to_2040.pdf
Lou Pugliaresi testified at a hearing on June 5 before the House of Representatives’s Committee on Oversight & Government Reform. The hearing was entitled “Up Against the Blend Wall: Examining EPA’s Role in the Renewable Fuel Standard.”
The U.S. decision to allow the Keystone XL pipeline to go forward should have been easy.
The pipeline would mean at least 20,000 new construction jobs. It would provide lower cost and reliable shipping opportunities for surging North Dakota oil production. Shipping petroleum from Canada’s oil sands to the Gulf of Mexico means refiners there would gain a ready replacement for declining supplies of Mexican and Venezuelan crude. Most importantly, it would reinforce expectations that massive and long-term North American infrastructure investments could proceed free of political risk.
The following EPRINC report evaluates the costs to New York City residents of a proposal to ban the use of No. 6 fuel oil (residual fuel oil). The report outlines a cautionary story. The NYC regulatory program requires consumers now using No. 6 oil to blend down the fuel oil with ultra low sulfur heating oil. The costs of the program under most market conditions are not trivial and will raise heating costs by at least 35 percent in some neighborhoods.