• EPRINC Hosts Virtual Workshop “Keeping the Lights on in California”

    EPRINC has hosted another virtual workshop, this one entitled “Keeping the Lights on in California: Some Simple Lessons for Sustaining Reliable Power Generation.” 

    California has historically faced persistent challenges to the operation of its electric power complex. Commentators have long pointed out that a state with the fifth largest economy in the world, home to advanced technological breakthroughs and a well-educated population, should be able to figure out how to keep the lights on. The roots of the breakdown in California’s power system cannot be tied a single failure, but a perfect storm of operational setbacks, difficult environmental conditions, and technical constraints. Among the operational challenges have been an aggressive program of incorporating renewable and intermittent power generation into the utility system.
     
    The workshop included a discussion of EPRINC’s forthcoming assessment of California power by EPRINC’s Max Pyziur, with accompanying commentary by Erik Rakhou, the former Dutch Utility Energy regulator; KK Sharma, former Director of Operations at India’s largest utility, NTPC; Ash Shastri, EPRINC Fellow and adviser to the European Gas Center; Carmine Difiglio, Professor, Sabanci University (Istanbul); and Ed Randolph, Director, California Public Utility Commission’s Office of Energy Policy (invited). The agenda for the event can be found here and the presentations for the event are here. The workshop recording is available “on demand” here.

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  • EPRINC’s Lucian Pugliaresi and Larry Goldstein Publish a Commentary on Policy Responses to the Current Crisis in the World Oil Market in Real Clear Energy

    EPRINC President Lucian Pugliaresi and former EPRINC President Larry Goldstein have written a piece for Real Clear Energy entitled “Oil Quotas and Import Fees? No, Get America Back to Work.” In this piece, they examine the current issues in petroleum in light of the COVID-19 pandemic, as demand destruction coincides with an oversupplied market. They write about their concerns with oil quotas and import fees as realistic solutions to this issue, and provide their thoughts on a possible solution. Click here to read their article.

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    NDPA Webcast Slides

    Trisha Curtis presented during NPDA’s (North Dakota Pipeline Authority) webinar on March 8.  Her presentation covers developments in the Bakken and other US shale plays and can be downloaded here.

     

     

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    The PIRINC Archives

    EPRINC has begun digitizing PIRINC’s archive, which dates back to the 1940′s. This report, The European Oil Market – Past, Present, and Future, is the first report to be digitized and can be downloaded as a PDF. As we archive additional reports they will be posted to an archives page on our website.

     

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Coal in the Asian Power Market IEEJ/EPRINC Virtual Workshop

The Institute of Energy Economics Japan (IEEJ) and the Energy Policy Research Foundation, Inc. (EPRINC) have jointly hosted a virtual workshop, “Coal in the Asian Power Market: A Discussion on the Potential for LNG and Decarbonization Technologies to Address Rising Carbon Emissions” on November 5, 2020.

This workshop was part of an ongoing cooperative program between IEEJ and EPRINC to explore the potential for LNG to meet rising energy demand and growing requirements for decarbonization in Asian markets.
 
This virtual workshop included presentations on future prospects for coal use in China, India, Japan, and other Asian countries. The workshop examined the potential for lowering carbon emissions through greater use of LNG and carbon capture technologies. Researchers from IEEJ, EPRINC, China, and industry executives participated in a timely discussion on this critical issue. The workshop was recorded is accessible here, (use passcode: +xn7.678). The agenda from the workshop is available here, and the presentations can be found here.

EPRINC Hosts Virtual Workshop “Keeping the Lights on in California”

EPRINC has hosted another virtual workshop, this one entitled “Keeping the Lights on in California: Some Simple Lessons for Sustaining Reliable Power Generation.” 

California has historically faced persistent challenges to the operation of its electric power complex. Commentators have long pointed out that a state with the fifth largest economy in the world, home to advanced technological breakthroughs and a well-educated population, should be able to figure out how to keep the lights on. The roots of the breakdown in California’s power system cannot be tied a single failure, but a perfect storm of operational setbacks, difficult environmental conditions, and technical constraints. Among the operational challenges have been an aggressive program of incorporating renewable and intermittent power generation into the utility system.
 
The workshop included a discussion of EPRINC’s forthcoming assessment of California power by EPRINC’s Max Pyziur, with accompanying commentary by Erik Rakhou, the former Dutch Utility Energy regulator; KK Sharma, former Director of Operations at India’s largest utility, NTPC; Ash Shastri, EPRINC Fellow and adviser to the European Gas Center; Carmine Difiglio, Professor, Sabanci University (Istanbul); and Ed Randolph, Director, California Public Utility Commission’s Office of Energy Policy (invited). The agenda for the event can be found here and the presentations for the event are here. The workshop recording is available “on demand” here.

EPRINC Hosts Virtual Workshop: There Will Be Oil

On Tuesday, July 7, 2020, EPRINC hosted another virtual workshop in its series on COVID-19 and the Future of Oil and Gas. This workshop was titled “There Will Be Oil,” and the topics covered prospects for recovery for U.S. oil production and world petroleum demand. The discussion examined the nature and timing of U.S. oil production recovery and petroleum demand outlook as the world economies emerge from COVID-19 lockdowns. The presenters at the workshop were EPRINC Distinguished Fellows Trisha Curtis (co-founder, PetroNerds), Ash Shastri (founder, EnerStrat Consulting), and Michael Lynch (President Strategic Energy and Economic Research), EPRINC President Lucian Pugliaresi, and EPRINC’s newest Distinguished Fellow, Glen Sweetnam. As always, workshop participants will also be able to pose questions during the event. A recording of the workshop can be accessed after registering here, and the presentations can be found below.

Max Pyziur Publishes “There Will Be Gas”

EPRINC’s Director of Downstream, Transportation Fuels, & Natural Gas Projects Max Pyziur has published a new paper entitled “There Will Be Gas” in which he assesses the U.S. natural gas supply in light of the recent low-price environment. He writes:

“With the advent of the COVID-19 pandemic in early 2020, world and U.S. crude oil prices collapsed. Price recovery is underway but it will take time before prices recover to $40-$50/bbl. These low prices are resulting in large reductions in U.S. crude oil production and its associated gas output. However, the U.S. resource base for natural gas, both dedicated (non-associated) and associated, remains vast. Companies may go bankrupt, but the geologic formations remain. A central question for policy makers and the U.S. petroleum industry is whether the current downturn in crude oil prices, particularly if it persists for a considerable period of time, will substantially alter the outlook for large and competitively priced natural gas supplies as a feedstock for LNG. This EPRINC report evaluates the potential for the U.S. to remain competitive as a major provider of LNG to the world market in a low oil price environment and what policies, if any, should be implemented to sustain the competitive outlook for the U.S.”

Max’s paper can be found here.

EPRINC’s Lucian Pugliaresi and Larry Goldstein Publish a Commentary on Policy Responses to the Current Crisis in the World Oil Market in Real Clear Energy

EPRINC President Lucian Pugliaresi and former EPRINC President Larry Goldstein have written a piece for Real Clear Energy entitled “Oil Quotas and Import Fees? No, Get America Back to Work.” In this piece, they examine the current issues in petroleum in light of the COVID-19 pandemic, as demand destruction coincides with an oversupplied market. They write about their concerns with oil quotas and import fees as realistic solutions to this issue, and provide their thoughts on a possible solution. Click here to read their article.

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