Commentary: Supporting Energy Means Investing in America’s Future

Late last month, the Progressive Policy Institute (PPI) released the fourth installment of its annual report outlining the top companies investing in America today. But despite their overall findings that we are still suffering from a significant lack of investment and business capital spending, there are those who are still “betting on America’s future,” especially […]
Categories: featured, General, p2
(AP Photo/Paul Sakuma)

Calpine buys power plant for $500 million

Houston-based Calpine Corp. is expanding its power plant fleet by purchasing the Granite Ridge Energy Center in New Hampshire for $500 million.

USD Partners buying oil rail terminal for $225 million

Houston’s USD Partners will spend $225 million to buy a crude-to-rail loading terminal and related assets in Casper, Wyoming.
Phillips 66 Chairman and CEO Greg Garland.  ( James Nielsen / Houston Chronicle )

Phillips 66 cuts its capital budget nearly 20 percent

Phillips 66 also will move forward with a $2 billion share buyback program. Nearly 80 percent of Phillips 66’s growth capital is directed toward its midstream expansions in pipelines, storage and export terminals.
(Carla Gottgens/Bloomberg)

Commentary: A shadow price for carbon is already here

Like it or not, the market is pricing carbon. When UK Bank of England governor Mark Carney warned last month that “there have already been a few high profile examples of jump-to-distress pricing because of shifts in environmental policy or performance” he was not just hysterically echoing the drumbeat of famous environmental thought leaders. He […]
Categories: General
Overhead view of the site where Pinto Realty and USD Group will build a new terminal near the Houston Ship Channel (Pinto Realty)

Pair of Houston companies partner up to build new Ship Channel terminal

The 988-acre, TDWP Terminals property along Jacintoport Boulevard will ultimately support more rail delivery for liquid hydrocarbons, in addition to storage, blending and export operations, according to the announcement. The location offers access to inbound and outbound pipelines, as well as to barges and Gulf Coast refining centers.
(David Paul Morris/Bloomberg)

Valero opposes lifting oil export ban while sending crude to Canada

Energy companies eager to sell raw, unprocessed U.S. crude around the world point to Valero’s posture as evidence that current export restrictions are fundamentally unfair, giving refiners access to world markets to buy the oil they use and sell the gasoline they make, even though domestic producers don’t have the same latitude.
Tesla Battery Storage

Commentary: Why The $5 Billion Battery Plan Went Nowhere

The sticking point is that under the Texas electric deregulation law, transmission and distribution utilities cannot own generation assets.
(AP Photo/Oded Balilty, File)

NRDC: U.S. has made “unprecedented” shift to renewables

While natural gas plants are considered more environmentally friendly than their coal counterparts, the report notes natural gas production is linked to the emission of methane — the main component of natural gas — which is a “potent climate change pollutant.”
Rep. Gene Green, D-Texas in April 2014, before the House Energy and Commerce subcommittee on Oversight and Investigation. (AP Photo/Evan Vucci)

Green presses for safeguards in oil exports bill

Green already secured one change to the oil exports legislation, but he insists more safeguards are needed to ensure refining jobs aren’t hurt by unfettered crude trade.