Alboran Energy Strategy Consutlatns

May 2023

  • Energy Musings, May 19, 2023

    Energy Musings contains articles and analyses dealing with important issues and developments within the energy industry, including historical perspective, with potentially significant implications for executives planning their companies’ future.

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    May 19, 2023

    Who Will Save The Whales This Time?

    BOEM has proposed changes to its offshore wind farm approval process to speed it up. We do not know what changes will be adopted, but likely whales will remain threatened. Moreover, the changes are designed to help improve the economics of projects by reducing the regulatory burden and cost for developers. Still, BOEM and NOAA officials refuse to acknowledge that underwater noise from offshore wind development likely contributes to whale deaths. A new NOAA report highlights how much is not known about underwater noise and marine mammals. READ MORE

    Who Will Save The Whales This Time?

    If the Biden administration has anything to say about it, offshore wind farms need to be built faster even at the risk of killing more endangered whales. The johnny-one-note policy of fighting climate change at all costs with renewable energy puts marine mammals at risk. Some 23 whales have died along the East Coast in the past five months as offshore wind activity has picked up. Slowing the activity or pausing it until we better understand how underwater noise from construction activity may disorient marine mammals would be a smart move.

    Efforts are underway to revise the government’s rules for approving offshore wind farms making it easier for them to advance while ignoring the underwater noise and marine mammal issues. Equally questionable is accelerating approvals without requiring as much environmental data as early in the process as is now required.

    After a one-month extension of the public comment period, the Bureau of Ocean Energy Management (BOEM) is considering the feedback it received about its Renewable Energy Modernization Rule proposal. BOEM wants to modify the approval process for new offshore wind developments “to reduce administrative burdens for both developers and the Department’s staff, reduce developer costs and uncertainty, and introduce greater regulatory flexibility in a rapidly changing industry to foster the supply of OCS renewable energy to meet increasing demand, while maintaining environmental safeguards.”

    BOEM goes on to say that this is a “major modernization of the regulations,” which is based on lessons learned from the last 13 years. Modifying the process is estimated to save “the renewable energy industry $1 billion over 20 years,” certainly meaningful for an industry struggling to improve profitability while dealing with explosive inflationary pressures. Surprisingly, there is no mention of increased “safety or protection of commercial fisheries and species” when considering the potential conflict between fishermen and wind farm developers.

    When you read the 85 pages of proposed modernization actions in the January 30, 2023, edition of the Federal Register, you find numerous changes proposed that would allow the approval process to proceed at a faster pace than under the existing process. BOEM’s proposal lists eight major components for revision. They include:

    Eliminating unnecessary requirements for the deployment of meteorological (met) buoys.

    Read the full article on Energy-Musings.com »

  • Energy Musings, May 4, 2023

    Energy Musings contains articles and analyses dealing with important issues and developments within the energy industry, including historical perspective, with potentially significant implications for executives planning their companies’ future.

    Download the PDF

    May 3, 2023

    Like UConn’s WBB, Our Luck Ran Out

    For years, our reporting on our drive from Houston to our summer home in Rhode Island has been of keen interest to readers of Energy Musings because it provides a critical glimpse into current economic conditions. Turmoil is the best description of what we experienced on the drive. READ MORE

    A Good April For Energy Quickly Reversed In May

    Higher oil prices in April drove the Energy sector in the S&P 500 Index to a strong performance. The sector finished third, the first time this year it has been at the top of the sector rankings. May has started with falling oil prices and the Energy sector has followed the commodity lower. READ MORE

    ‘The Unpopular Truth’ Tells The Truth About Clean Energy

    This is a review of a sobering book looking at the limitations of the energy transition and the misunderstandings of policymakers that produce bad rules and mandates. We recommend the book by an experienced energy economist and commodity trader for his insights. The review was previously published on MasterResource.org. READ MORE

    Like UConn’s WBB, Our Luck Ran Out

    Geno Auriemma, the University of Connecticut women’s basketball coach, described the 2022-23 season that ended with the team losing in the Sweet Sixteen, short of its goal of reaching the Final Four for the 15th time, as challenging. He lauded the successes the team achieved given the rash of injuries sustained. He noted that during the prior decade, UConn never experienced so many injuries. The team played shorthanded all season, having lost its star player and top freshman before the season began. Injuries forced constant line-up changes and even a postponement since there were not seven healthy players. Auriemma said their luck had run out.

    As UConn alumni and avid WBB supporters, my wife and I felt like Auriemma during our annual drive from Houston to Rhode Island. It was the worst trip we have experienced in years. We spent hours sitting in traffic, dealt with downpours and slowing speeds, had unusual food experiences, were challenged to find our hotel, and even had to sit in the car until the rain let up when we arrived in Rhode Island.

    Read the full article on Energy-Musings.com »

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