The United States Was Energy Independent in 2019 for the First …
May 11, 2020 · U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import or export energy, but …
The Environmental Impact of Lithium Batteries - IER
Nov 12, 2020 · During the Obama-Biden administration, hydraulic fracturing was accused of causing a number of environmental problems—faucets on fire, contamination of drinking water, etc.—but the administration’s own Environmental Protection Agency could not validate those accusations.. Now Biden is planning to transition the transportation sector to electric vehicles that are powered by lithium ...
World Natural Gas Use to Hit a Record in 2024 - IER
Oct 11, 2024 · Global gas demand is set to hit a record high in 2024 and then again in 2025. The global gas balance, however, is “fragile” as limited LNG production growth keeps supply tight amid rising global demand, according to the International Energy Agency (IEA). In its annual Global Gas Security Review, the IEA noted that following the supply shocks of 2022-23, gas markets returned to more ...
Biden-Harris EPA Finalizes Methane Tax on Oil and Gas Operations
Nov 15, 2024 · The Biden-Harris administration’s Environmental Protection Agency (EPA) has finalized a federal methane tax for oil and gas drilling operations, set to take effect next year.This rule is part of the broader Inflation Reduction Act, which was passed by Democrats and saw Vice President Harris casting the decisive vote.The new regulation imposes a fee on oil and gas producers who exceed a ...
Electricity Rates are Expected to Climb as Biden-Harris Climate ...
Sep 20, 2024 · Since President Biden took office, residential electricity prices have surged by 23%, largely driven by the climate policies of the Biden-Harris administration.U.S. utility regulators are now considering further rate hikes as electric utilities seek to fund investments necessary for transitioning to wind and solar technologies. These technologies, often located far from demand centers, require ...
Solar Power Depletes Farmlands of Rich Soil - IER
May 29, 2024 · Solar energy is depleting farmlands of their rich soils in the U.S. Midwest. The solar industry is moving into the U.S. Midwest, drawn by cheaper land rents, access to electric transmission, massive federal and state incentives, and the region’s wide-open fields.
California Gasoline Prices Will Skyrocket - IER
Nov 29, 2024 · California currently has the second-highest gasoline prices in the United States, trailing only Hawaii, and is poised to increase them even further through a series of new policies and regulations. Next year, gas prices could rise by as much as $1.15 per gallon due to the state’s new carbon credit system, higher taxes, stricter refinery …
Shortages Expected for Global Natural Gas Supply by Decade-End
Sep 10, 2024 · According to the International Gas Union’s Global Gas Report 2024, a Switzerland-based industry organization, the world will face a 20% shortfall in natural gas supply by the end of the decade if significant increases in supply and infrastructure are not achieved.If global demand for natural gas continues to rise over the next four years, and production does not expand accordingly, a 22% ...
Duke Extends the Life of Its Largest Coal Plant - IER
Oct 14, 2024 · Duke Energy Corp. plans to extend the life of its largest coal-fired power plant for 3 years, pushing aside its climate goal to shutter all facilities that burn coal by 2035. It plans to operate its Gibson Station in Indiana through 2038, despite previously saying that it would shutter the plant by 2035, in line with its earlier plan to be entirely coal-free by that year.
Enormous Lithium Discovery in Arkansas - IER
Oct 31, 2024 · A significant lithium find in Southwestern Arkansas could hold up to 19 million tons of lithium, an essential component for electric vehicle batteries, energy storage systems for renewable sources, and other technologies.The U.S. Geological Survey (USGS) estimates that this resource, ranging from 5 to 19 million tons and constituting 35 to 136% of the current U.S. lithium resource estimate ...