With California facing a $42 billion budget deficit, the state’s year-old law (AB 118) to boost alternative fuel vehicles may be stalled.
Economy
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California Budget Deficit May Stall Clean Fuel Plans
With California facing a $42 billion budget deficit, the state’s year-old law (AB 118) to boost alternative fuel vehicles may be stalled.
Clean Fuel Transportation Still ‘Alive, Well’
While the economy continues to send shivers through various clean fuel sectors, California’s budding electric and natural gas transportation space remains healthy and optimistic, according to major utilities in the state. They told NGI that both the infrastructure and the vehicles (dedicated and converted) are taking shape in the nation’s most automobile-dense state.
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Raymond James Bearish Through 2009, Sees Recovery in 2010
A recovery for natural gas prices in 2009 is unlikely, but as the rig count declines, it should set up supply to drop substantially at the same time the economy begins to recover, setting up a much more bullish 2010, Raymond James & Associates Inc. said Monday. The energy team predicted that gas prices could average $8/Mcf by 2010, well above its $5 forecast for this year.
Traders Discount Storm, Eye Crude; September Drops 66.3 Cents
September natural gas futures plunged Monday as traders sought to discount the effects of Tropical Storm Edouard and shift their attention to the economy and a sympathetic drop by crude oil. September futures swan-dived 66.3 cents to $8.726 and the October contract fell 65.8 cents to $8.836. September crude oil dropped $3.69 to $121.41/bbl.
Futures Fall as Economic Concerns Trump Colder Weather Forecasts
February natural gas futures shot lower Tuesday as some market watchers hypothesized that the slumping U.S. economy upstaged colder-than-expected temps in near-term weather forecasts. The contract recorded a low of $8.080 before closing out Tuesday’s session at $8.196, down 15.7 cents from Monday’s finish.
Duke CEO Calls for ‘Cathedral Thinking’ to Become Energy Efficient
Duke Energy CEO Jim Rogers has two aspirations for the United States: to “substantially decarbonize” the energy supply in this century and to become the world’s most energy-efficient economy.
NARUC Says Climate Legislation Should Not Trample State Efforts
Any climate change legislation enacted by Congress should be “economy-wide” and “transparent, consistent, predictable and equitable,” says a draft resolution by a task force of the National Association of Regulatory Utility Commissioners (NARUC).