Category: Future of Oil and Gas

A federal gas tax holiday might be popular. But it might not be useful 6/23/2022

A federal gas tax holiday might be popular. But it might not be useful.

Payne Institute Director Morgan Bazilian is featured on this podcast about how hoping to curb the pain consumers are feeling at the pump right now, President Biden has called for a suspension of the federal gasoline tax. Biden asked Congress on Wednesday for a three-month suspension of the tax, a lot of which helps pay for roads and bridges, to provide some relief. June 23, 2022.

The Energy Crisis Is a National-Security Opportunity 6/23/2022

The Energy Crisis Is a National-Security Opportunity

Payne Institute Director Morgan Bazilian writes about how President Joe Biden took office in 2020 with climate action as a top priority, but Russia’s invasion of Ukraine and other events have thrown his energy policy into chaos. Yet this crisis also an opportunity: Biden can, and should, reframe the clean-energy transition as an urgent national security priority. June 23, 2022.

US increases production to catch China in global battery race 6/9/2022

US increases production to catch China in global battery race

Payne Institute Director Morgan Bazilian contributes to this article about how as battery-powered electric vehicles become a mainstay on the nation’s highways — and a key piece of President Biden’s environmental policy — the U.S. is facing a formidable challenge in its efforts to compete in the global battery race. June 9, 2022.

Synergies Between Carbon Capture, Utilization and Sequestration and Geothermal Power in Sedimentary Basins 6/7/2022

Synergies Between Carbon Capture, Utilization and Sequestration and Geothermal Power in Sedimentary Basins

Payne Institute CCUS Program Manager Anna Littlefield and Eric Stautberg write about how to achieve a rapid and effective energy transition, society will need to widely deploy both existing and emerging technologies and tools. Mitigating the emissions of greenhouse gases while maintaining the world’s growing demands for energy will require these to deployed at great pace and scale. Natural synergies exist between two such technologies: carbon capture utilization and sequestration (CCUS) projects and geothermal power generation from hot sedimentary aquifers. The overlapping technical and operational components of these projects underline an opportunity for cost savings and accelerated deployment.  June 7, 2022.

Conditions prime for energy boom in Colorado, so what’s the holdup? 6/7/2022

Conditions prime for energy boom in Colorado, so what’s the holdup?

Payne Institute Program Manager Brad Handler contributes to this article about how experts, industry looks to supply-chain issues, labor shortages and regulations; state, environmentalists say system is working. Other factors affecting how quickly the oil and gas industry can turn up the taps are ongoing kinks in the supply chain and tariffs that have constrained the availability of steel for tubing and sand used to frack wells. June 7, 2022.

Little growth likely in Colorado, U.S. oil production in 2022, report finds 6/2/2022

Little growth likely in Colorado, U.S. oil production in 2022, report finds

Payne Institute Sustainable Finance Lab Program Manager Brad Handler contributes to this article about how supply issues, and Wall Street demands limit drilling activity despite 1,400 active permits in Colorado.  Oil and gas drilling activity has inched upwards in Colorado since the Russian invasion of Ukraine sent prices soaring earlier this year, but investor demands and supply constraints — not state or federal policy — will likely limit production growth through at least the end of the year, a new Colorado School of Mines analysis concludes.  June 2, 2022.

Coal prices are way up and long-term commitments from customers are hard to find 6/2/2022

Coal prices are way up and long-term commitments from customers are hard to find

Payne Institute Faculty Fellow Ian Lange is featured on this podcast about how Saudi Arabia is ready to start pumping more oil onto the market, which could bring oil prices down a bit. But oil and gas aren’t the only fossil fuels in tight supply.  A lot of miners are having to tell customers that even if they wanted to sell them coal at these high prices, they just don’t have any ready and they have to fulfill their prior commitments.  June 2, 2022.

In a Bid to Save Its Coal Industry, Wyoming Has Become a Test Case for Carbon Capture, but Utilities are Balking at the Pricetag 5/29/2022

In a Bid to Save Its Coal Industry, Wyoming Has Become a Test Case for Carbon Capture, but Utilities are Balking at the Pricetag

Payne Institute Faculty Fellow Ian Lange contributes to this article about how under a 2020 law, utilities must generate some of their power from coal plants fitted with technology that captures carbon, but in recent filings to regulators, two companies are warning about the cost and environmental impacts.  May 29, 2022.

The US role in securing the European Union’s near-term natural gas supply 5/26/2022

The US role in securing the European Union’s near-term natural gas supply

Payne Institute Fellow Arvind Ravikumar, Director Morgan Bazilian, and Michael Webber write about how the European Union’s plan to phase out Russian natural gas imports by 2027 rests partly on increasing near-term imports of US liquefied natural gas. This will require a coordinated policy response that includes securing supplies from major exporters, global diplomacy, expanding import capacity, and alignment with Europe’s climate goals.  May 26, 2022.