With only four days remaining until Election Day, energy issues are taking center stage as ads on climate change and fracking are hitting the airwaves in key battleground states.
Earlier this week, the U.S. economy posted its strongest recovery in recorded history, expanding by 7.4 percent over the prior quarter and at a 33.1 percent annual rate. However, crude prices dropped to their lowest level since early June, sparked by concerns that new Covid-19 lockdowns in Europe could harm commerce and travel, taking away future demand for fuel.
Speaking of declines, the worldwide economic slowdown from the pandemic has affected global carbon dioxide emissions from power, transportation, industry and buildings. Reports show that after dropping 8.6% in 2020, emissions may tick upward through 2027, but will remain below 2019’s level.
Finally, Happy Energyween or Halloweenergy! After you read our five favorite stories, get your energy-themed costumes ready for this weekend’s activities and celebrations.
5DOE extends LNG export authorizations through 2050
The U.S. Department of Energy (DOE) extended the terms of three long-term liquefied natural gas (LNG) export authorizations through 2050. Energy.gov announces the term extensions issued today include Cheniere Energy’s Sabine Pass and Corpus Christi LNG export terminals, operating in Louisiana and Texas, respectively, and Sempra Energy’s Port Arthur LNG project proposed for Port Arthur, Texas.
4Newly installed PV capacity for this year will be 5% more than 2019
Wood Mackenzie expects 115 GW of solar this year – it could be 5% more than that of 2019. PV Magazine reports on how China is forecasted to be the world’s largest market, with 39 GW of new PV additions.
3New solar technology could generate power at night
Researchers released an invention that could harness solar power at night. Alt Energy Magazine explains how new solar technology could generate energy around the clock.
2Bike’s powered by wind turbines in the wheels
This NASA Bike has a larger frame like a motorcycle, but since it has a motor, this concept is operated by wind! Auto Evolution breaks down how the wheels of the bike contain a set of angled blades that move in place to produce electricity.
1Green hydrogen needs lots of water
Green hydrogen advocates are now talking about the costs associated with the electricity needed for the electrolysis aspect of this technology. But electrolysis, besides electricity, needs water and tons of it. OilPrice.com reports on how the production of one ton of hydrogen through electrolysis requires an average of nine tons of water.