Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here.
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Global Economic Intersection every Monday evening or Tuesday morning.
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Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months
Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a bearish storage report..after slipping 0.7% to $3.674 per mmBTU last week as weather forecasts moderated over the major gas consuming regions, the contract price of natural gas for August delivery jumped 7.5 cents, or more than 2%,
Equipment, training faulted in Illinois coal mining deaths
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Equipment, training faulted in Illinois coal mining deaths
KARI LYDERSEN of Energy News Network
July 16, 2021
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1of3Brad Campbell holds his father Glen Campbell s hardhat at his home in Herrin, Ill., on Thursday, Oct. 11, 2018. Glen Campbell died in 2015 in an accident while driving a vehicle called a mantrip during his shift in Peabody s Gateway mine. The federal Mine Safety and Health Administration concluded that Peabody failed to maintain the mantrip in safe condition and did not have effective policies in place to protect miners. (Neeta Satam via AP)Neeta Satam/APShow MoreShow Less
2of3Brad Campbell holds his father Glen Campbell s glasses at his home in Herrin, Ill., on Thursday, Oct. 11, 2018. Glen Campbell died in 2015 in an accident while driving a vehicle called a mantrip during his shift in Peabody s Gateway mine. The federal Mine Safety and Health Administration concluded that Peabody failed to maintain the mantrip in safe conditio
New Minnesota law aims to close pre-weatherization gap
FRANK JOSSIE of Energy News Network
July 16, 2021
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ST. PAUL, Minn. (AP) Efficiency upgrades can be a financial boost for low-income homeowners, but asbestos, mold and other issues sometimes found in older homes can keep those improvements financially out of reach, even with incentives.
A new Minnesota law aims to bridge that gap.
The state’s existing Conservation Improvement Program failed to incentivize utilities who operate programs for low-income property owners for the cost of “pre-weatherization” services such as removing asbestos or lead paint a restriction that deferred as many as a third of potential clients from receiving energy efficiency assistance. Clients in need of pre-weatherization work typically struggled or failed to complete projects since utilities could only cover expenses directly related to energy efficiency.
A new Minnesota law aims to bridge that gap.
The stateâs existing Conservation Improvement Program failed to incentivize utilities who operate programs for low-income property owners for the cost of âpre-weatherizationâ services â such as removing asbestos or lead paint â a restriction that deferred as many as a third of potential clients from receiving energy efficiency assistance. Clients in need of pre-weatherization work typically struggled or failed to complete projects since utilities could only cover expenses directly related to energy efficiency.
That will now change with the new Energy Conservation and Optimization (ECO) Act, which updates the Department of Commerceâs Conservation Improvement Program. The ECO Act, signed by Gov. Tim Walz in May, permits utilities to receive credit, for the first time, for pre-weatherization and other preparatory work.
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