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News & Updates

June 27, 2016 Another Step Backward for Nuclear and the Environment

Source: Geoffrey Styles, Energy Outlook

I don't normally do breaking news, but today's announcement by PG&E and a coalition of environmental groups on retiring the Diablo Canyon nuclear power plant in California within 8-9 years merits immediate comment.

June 23, 2016 Oil prices move higher on optimism over Brexit vote

Source: MarketWatch

Crude oil prices rose Thursday as voters went to the polls in a landmark British referendum to determine whether the U.K. remains a member of the European Union.

June 23, 2016 Solar Power to Grow Sixfold as Sun Becoming Cheapest Resource

Bloomberg - Renewables are replacing nuclear energy and curbing electricity production from gas and coal in developed areas such as Europe &and the U.S., according to Bloomberg New Energy Finance. California's PG&E Corp. is...

June 22, 2016 Mitsubishi Expects $1.4 Billion Loss After Mileage Cheating Scandal

Source: NBC

Mitsubishi, which recently acknowledged it inflated mileage on its models, is forecasting a 145 billion yen ($1.4 billion) loss for the fiscal year through March 2017.

June 22, 2016 California’s Last Nuclear Plant to Shut, Edged Out by Renewables

Source: Bloomberg

PG&E Corp. is proposing to close two reactors at Diablo Canyon in a decade that would end up costing more to keep alive as California expands its use of renewable energy,

June 21, 2016 California power grid braces for heat wave, blackout potential

Source: Reuters

California's power grid operators warned homes and business on Monday to conserve electricity as rising demand for air conditioning stoked by a record-setting heat wave across the U.S. Southwest tested the region's generating...

June 21, 2016 Crude Oil Declines in New York as Canadian Output Ramps Up

Source: Bloomberg

Oil slipped in New York after two days of gains as output in Canada continued to increase following Alberta’s wildfires.

June 21, 2016 Volkswagen's former CEO is being investigated over emissions scandal

Source: LA Times

German prosecutors are investigating former Volkswagen CEO Martin Winterkorn and an unnamed executive over allegations they didn't inform investors soon enough about the company's scandal over cars rigged to cheat on U.S. diesel...

June 19, 2016 Crude oil prices rise for first time in seven days

Source: Reuters

Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over the country's EU membership

June 17, 2016 Oregon calls for indefinite moratorium on oil trains through the state

Source: Oregon Live

Oregon has asked the Federal Railroad Administration to place an open-ended moratorium on oil trains traveling through the state, because preliminary findings of an investigation into the June 3 derailment in Mosier suggest...

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