• EPRINC President Lucian Pugliaresi and EPRINC Fellow Trisha Curtis Participate in Heritage Foundation Panel

    On Wednesday, November 9 at noon, EPRINC President Lucian Pugliaresi and EPRINC Fellow Trisha Curtis participated in a Heritage Foundation panel called “What Will Happen to Energy in the Next Congress?” The panel, hosted by Heritage’s Diana Furchtgott-Roth, was described by Heritage as follows:

    “The soaring price of energy concerns all Americans, from high costs at gasoline pumps to exorbitant electricity bills. The solution is under our own feet. The United States has energy reserves of oil and natural gas that would allow us to lower prices by increasing production of energy and pipelines, which are needed to move the resources across the country. So, what might the next Congress do to lower energy prices?”

    The video of the event can be found on the Heritage Foundation website, here.

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  • EPRINC Fellow Tristan Abbey Writes Open Letter Recommending a Bipartisan Investigation: “Did Biden Break the Strategic Petroleum Reserve?”

    EPRINC Fellow Tristan Abbey has written this open letter titled “Did Biden Break the Strategic Petroleum Reserve?” The letter was sent on October 27, 2022 to Senators Joe Manchin and John Barrasso, chairman and ranking member, respectively, of the U.S. Senate Committee on Energy and Natural Resources.

     

    The letter calls for a bipartisan investigation into the operational impacts of the White House’s “historic 180-million-barrel drawdown” focusing on the following quetisons:

    1. Have maintenance requirements — well remediation, cavern closure, pipeline and pump replacements, etc. — increased as a result of the drawdown?
    2. Have any caverns collapsed or been closed temporarily or permanently as a result of the drawdown? Does the administration intend to close down any caverns or sites as a result of the SPR’s depletion? If so, which ones and over what time period?
    3. What is the current status of Life Extension II, the long-awaited $1.4 billion modernization program? Has it fallen further behind schedule?
    4. If the administration does refill the SPR, will the construction of new caverns and other infrastructure be required? Will an equal volume of oil be bought that was sold?
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  • Lucian Pugliaresi and Michelle Michot Foss Pen Article for RealClear Energy: “Bad Energy Policy Ideas Never Die”

    EPRINC President Lucian Pugliaresi has co-authored an article published on October 25, 2022 in RealClear Energy entitled “Bad Energy Policy Ideas Never Die“. In it, they discuss their concerns with recent public policies related to energy that have been proven to be major issues that will be difficult to recover from. A quote from the article with their proposed solution is below:

     

    “To the fearful leaders in our country: step out on your turf and support the domestic oil and gas industries in ways that will build investor confidence and calm markets. There simply is no other way to meet the future without a strong domestic base for energy and materials. Others will take note, including troublemakers we face now and those we’ll face in the future.”

     

    https://www.realclearenergy.org/articles/2022/10/25/bad_energy_policy_ideas_never_die_860905.html

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  • “The Low Carbon Energy Transition” by Ivan Sandrea and Lucian Pugliaresi

    EPRINC Trustee, OIES Research Associate, CEBRI International Board Member Ivan R. Sandrea Silva and EPRINC President Lucian Pugliaresi have authored a paper entitled “The Low Carbon Energy Transition: A window of opportunity for a new phase of economic development in Africa and Latin America?” This paper is directly related to a presentation given by Ivan at the CEBRI  online conference called “Sustainability and the New Energy Economy in a Multipolar World.” A pull quote from the paper is below:

    “In the African and Latin American regions, climate change concerns and the energy transition have received a lot of negative and positive attention and is building significant support especially among the growing youth. But the energy transition is also causing recurring dislocations for both global and regional leaders, the industry, investors, and policymakers. The environment itself is also being affected, and ironically, the level of confidence for the net zero path is dropping as rising energy prices hit the region’s economies. This is because the energy transition “movement’ in the Western world is occurring in a very disorganized and uncoordinated manner, and that is where we see both a major problem unfolding and an opportunity for the leading economies and leaders.”

    Read More
  • GGC/EPRINC Webinar “Power Disruptions in Texas and California: Energy Price Shocks in Europe”

    EPRINC has cohosted a webinar with the Global Gas Centre (GGC). The workshop was held on February 2, 2022 at 9:00 to 11:30 AM (Washington time) / 3:00 to 5:30 PM (Geneva time).

    Recent power failures in the U.S. have raised public concerns about the stability and resilience of North American electricity grids. Spiking energy prices in Europe and ongoing constraints in natural gas supplies are pointing to a sustained crisis on the European Continent. While no single event can be identified as the primary cause of this turmoil, energy policies have played an important role and hold lessons for policy makers on both sides of the Atlantic.

    Speakers included former U.S. Secretary of Energy Dan Brouillette; former Chairman of the Federal Energy Regulatory Commission (FERC), Neil Chatterjee; Arno Büx from Fluxys, European Natural Gas System Operator; Thomas Popik, Chairman and President, Foundation for Resilient Societies;
    as well as U.S. and European industry leaders, experts from think tanks, the Global Gas Center and the Energy Policy Research Foundation. The discussion covered growing pressures on energy markets in the U.S. and Europe and what lessons policy makers should take from these developments.

    A video recording of the workshop can be found here. Presentations from the event are here, and the event agenda is here. A report and overview of the workshop is here.

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EPRINC President Lucian Pugliaresi and EPRINC Fellow Trisha Curtis Participate in Heritage Foundation Panel

On Wednesday, November 9 at noon, EPRINC President Lucian Pugliaresi and EPRINC Fellow Trisha Curtis participated in a Heritage Foundation panel called “What Will Happen to Energy in the Next Congress?” The panel, hosted by Heritage’s Diana Furchtgott-Roth, was described by Heritage as follows:

“The soaring price of energy concerns all Americans, from high costs at gasoline pumps to exorbitant electricity bills. The solution is under our own feet. The United States has energy reserves of oil and natural gas that would allow us to lower prices by increasing production of energy and pipelines, which are needed to move the resources across the country. So, what might the next Congress do to lower energy prices?”

The video of the event can be found on the Heritage Foundation website, here.

EPRINC Fellow Tristan Abbey Writes Open Letter Recommending a Bipartisan Investigation: “Did Biden Break the Strategic Petroleum Reserve?”

EPRINC Fellow Tristan Abbey has written this open letter titled “Did Biden Break the Strategic Petroleum Reserve?” The letter was sent on October 27, 2022 to Senators Joe Manchin and John Barrasso, chairman and ranking member, respectively, of the U.S. Senate Committee on Energy and Natural Resources.

 

The letter calls for a bipartisan investigation into the operational impacts of the White House’s “historic 180-million-barrel drawdown” focusing on the following quetisons:

  1. Have maintenance requirements — well remediation, cavern closure, pipeline and pump replacements, etc. — increased as a result of the drawdown?
  2. Have any caverns collapsed or been closed temporarily or permanently as a result of the drawdown? Does the administration intend to close down any caverns or sites as a result of the SPR’s depletion? If so, which ones and over what time period?
  3. What is the current status of Life Extension II, the long-awaited $1.4 billion modernization program? Has it fallen further behind schedule?
  4. If the administration does refill the SPR, will the construction of new caverns and other infrastructure be required? Will an equal volume of oil be bought that was sold?

Lucian Pugliaresi and Michelle Michot Foss Pen Article for RealClear Energy: “Bad Energy Policy Ideas Never Die”

EPRINC President Lucian Pugliaresi has co-authored an article published on October 25, 2022 in RealClear Energy entitled “Bad Energy Policy Ideas Never Die“. In it, they discuss their concerns with recent public policies related to energy that have been proven to be major issues that will be difficult to recover from. A quote from the article with their proposed solution is below:

 

“To the fearful leaders in our country: step out on your turf and support the domestic oil and gas industries in ways that will build investor confidence and calm markets. There simply is no other way to meet the future without a strong domestic base for energy and materials. Others will take note, including troublemakers we face now and those we’ll face in the future.”

 

https://www.realclearenergy.org/articles/2022/10/25/bad_energy_policy_ideas_never_die_860905.html

Larry Goldstein and Former Congressman Joseph P. Kennedy III Published in Commonwealth Magazine on the Low-Income Home Energy Assistance Program

A story in today’s Wall Street Journal (September 14, 2022) points out that the while U.S. consumers are getting a reprieve from high gasoline prices, a large jump in electricity and natural-gas costs are increasing their energy bills as winter approaches. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month increase since 1981. The story goes on to point out that electricity price increases have been driven by rising prices for natural gas, which powers about 37% of U.S. electricity production and that heating and cooking costs have increased 33% over the last 12 months.

A recent article published in Commonwealth Magazine by EPRINC Trustee Larry Goldstein and former Congressman Joe Kennedy highlight the dire circumstances faced by many low-income Americans as we head into winter. A main source of assistance for low-income families is the federal Low-Income Home Energy Assistance Program, or LIHEAP. The program is now facing a 50 percent funding cut at a time skyrocketing energy cost. Rising energy costs also highlight’s the importance of sustaining adequate production of  legacy fuels until low-cost and  low-carbon alternatives are freely available to consumers.

 

…Lucian Pugliaresi

“The Low Carbon Energy Transition” by Ivan Sandrea and Lucian Pugliaresi

EPRINC Trustee, OIES Research Associate, CEBRI International Board Member Ivan R. Sandrea Silva and EPRINC President Lucian Pugliaresi have authored a paper entitled “The Low Carbon Energy Transition: A window of opportunity for a new phase of economic development in Africa and Latin America?” This paper is directly related to a presentation given by Ivan at the CEBRI  online conference called “Sustainability and the New Energy Economy in a Multipolar World.” A pull quote from the paper is below:

“In the African and Latin American regions, climate change concerns and the energy transition have received a lot of negative and positive attention and is building significant support especially among the growing youth. But the energy transition is also causing recurring dislocations for both global and regional leaders, the industry, investors, and policymakers. The environment itself is also being affected, and ironically, the level of confidence for the net zero path is dropping as rising energy prices hit the region’s economies. This is because the energy transition “movement’ in the Western world is occurring in a very disorganized and uncoordinated manner, and that is where we see both a major problem unfolding and an opportunity for the leading economies and leaders.”

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