Energy & Fuel

Strange Bedfellows Back Bill Using Mortgages to Spur Energy Retrofits

"A Senate bill that would allow energy-saving retrofits to be factors in mortgage underwriting has quickly attracted a diverse set of enthusiastic supporters that range from the conservative U.S. Chamber of Commerce to the liberal Center for American Progress.

The 'Sensible Accounting to Value Energy Act,' or SAVE Act, which is expected to be introduced this fall by Sen. Michael Bennet (D-Colo.), would require federal loan agencies to include projected energy costs when financing a house, essentially offering better mortgage values on properties that are more energy efficient."

Source: Greenwire, 08/26/2011

"U.S. Ethanol Exports To Surpass Brazil This Year"

"Lax trade restrictions and high sugar prices should allow the United States to overtake Brazil in ethanol exports during the second half of 2011, the U.S. Energy Information Administration said on Wednesday.

During the first five months of 2011 U.S. ethanol exports more than doubled from the same period last year, the EIA said.

'For the remainder of 2011, it is likely that the United States will surpass Brazil as the world's largest ethanol exporter due to recent supply shortages and resulting high sugar prices in Brazil,' the EIA said in its weekly petroleum report."

Source: Reuters, 08/26/2011

"Geologists Sharply Cut Estimate of Shale Gas"

"WASHINGTON — Federal geologists published new estimates this week for the amount of natural gas that exists in a giant rock formation known as the Marcellus Shale, which stretches from New York to Virginia.

The shale formation has about 84 trillion cubic feet of undiscovered, technically recoverable natural gas, according to the report from the United States Geological Survey. This is drastically lower than the 410 trillion cubic feet that was published earlier this year by the federal Energy Information Administration.

Source: NY Times, 08/26/2011

"One Thing the Fall of Tripoli Won’t Get Us Is Cheap Gas"

"It would be natural to imagine that the fall of Tripoli would mean a significant decrease in the cost of oil and the pain that the average consumer feels at the pump. After all, in February, when unrest in Libya commenced, oil prices hit a two-year high. Libya is only the 15th biggest oil exporter in the world, but the oil it exports is of a particularly desirable type.

Source: Grist, 08/23/2011

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