New Mexico’s economy, measured by GDP, notably expanded last year. State output grew 6.8 percent, outpacing the nation’s 2.9 percent increase (Chart 1). Much of this growth was attributable to the burgeoning energy industry. Mining contributed 4.2 percentage points to the New Mexico state GDP...
If anything, the storm has shown that the entire system in Texas is to blame rather than one particular energy source. To make matters worse, Texas operates its own independent grid, unlike other states. This means that it cannot export energy to states in favorable times while it cannot ...
When it comes to energy, Texas is uniquely well positioned given a wealth of resources in the ground and an extensive network of infrastructure above ground that connects production with demand in the U.S., Mexico, and overseas. In 2022, Texas accounted for 42.4% of total U.S.oil pr...
But if they get rich via TARP bailouts, Ex-Im Bank subsidies, protectionist barriers, green-energy boondoggles, or some other form of cronyism, that’s reprehensible and unjustified. Most important of all, he closes by explaining that inequality isn’t what’s important. Policy should be ...
energydemand. Successwilldependuponfindingthemosteffective waytoincentthedevelopmentofmorecapacity. Inthesummerof2011, TexasexperiencedEXTREMELYLOWreserve marginperiodsthroughoutthestate… causingaveragewholesaleelectricity pricestoskyrockettomorethantwice theirnormallevel. ...
This option had the best reduction of congestion, meeting 90-93% of projected 2047 demand. However, it was also by far the most expensive at $410 million, had the longest construction duration and impact, and had the most long-term maintenance costs, mostly due to the depressed segment ...
“This is just a classic commodity cycle… not a structural shift,” he said, noting that global oil consumption is still robust, while alternatives such as liquefied natural gas will likely have a visible impact on energy demand patterns only decades later. But the bigger worry, he warned, ...
The energy sector was no exception. West Texas Intermediate (WTI) crude oil price dropped significantly in 2020 due to the COVID-19 pandemic. With travel and industrial activity reduced, oil demand decreased, resulting in an oversupply in the market. An oil price war between Russia and Saudi ...
These technologies inherently reduce grid consumption during peak demand hours. And for excess generation in any 15-minute interval, Griddy credits customers at the spot rate for energy (but not TDU delivery). Whether Griddy offers the best payback for your system depends on a number of factors,...
The CBD, for instance, has the highest parking rates in Austin.Most buildings in other submarkets do not currently charge for employee parking, but that trend could change in the future if supply is unable to keep up with the increasing demand. ...