Five Energy Stories Worth Reading Today (3/22/12)

Here are five recommended reads for today (3/22/12)

  1. Politico reports: “President Obama, on a four-state energy swing, defended investments in clean and alternative energy amid questions about his administration’s handling of loan guarantees for the solar company Solyndra — calling the company’s bankruptcy ‘heartbreaking’ for the workers and noting that Congress shared some responsibility in the loan program.”
  2. CNN has an article entitled, “Keystone pipeline: Separating reality from rhetoric.” Among other things, it is possible that building the Keystone pipeline could result in higher, not lower, gasoline prices in the Midwest, as “[g]iving the Canadian oil access to the Gulf means the glut in the Midwest goes away, making it more expensive for the region.”
  3. Energy Boom reports: “Germany, Europe’s industrial giant, is set to commence an unprecedented reconstruction of its energy infrastructure, the government has announced. Not since it emerged from the devastation of World War II has Germany generated a plan to alter its energy industry on such a scale.  As Bloomberg reports, Chancellor Angela Merkel is planning to spend 200 billion euros ($263 billion) developing an energy program that will create a series of offshore wind farms that will cover an area six times the size of New York City.”
  4. According to Greentechmedia: “The EnergySource 49.9-megawatt Hudson Ranch I geothermal plant went on-line in the Salton Sea geothermal field on March 9. It is the first in that field to come on-line in twenty years. The Salton Sea known geothermal resource area (KGRA), EnergySource President and CEO Dave Watson said, has a total economically recoverable geothermal resource potential of between 1,400 and 2,000 megawatts.”
  5. Reuters reports, “A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that has added to Chevron’s woes in Latin America and could slow Brazil’s offshore oil boom.”