New Media
Extreme cold: Hydro-Québec ran out of power for Boston
“Hydro-Québec’s public statements were very optimistic, but we know the reality is a little different,” adds Mr. McCullough. “The drought [in James Bay] has lasted for three years now, and there are some indications that it could continue for a fourth year.”
Power Outages Could Rise as Freezing Temperatures Persist
“This is the fourth once-in-a-hundred-year winter storm in ERCOT in 25 years; said Robert McCullough, principal of McCullough Research, a consulting firm in Portland, Ore. “We are forecasting poorly and preparing even worse.”
New power line provided little juice to New England during Sunday’s storm, frigid temps
“Hydro-Québec is short on water and capacity this January,” said Robert McCullough, an industry consultant. “They quite possibly need our help even more than we need theirs.”
New Articles
Creating competitors: Trump’s regime changes in Canada and Venezuela
Recent press coverage of the capture of Venezuela’s president, Nicolás Maduro, and his replacement with Delcy Rodríguez has been a case of fanciful explanations chasing very few facts. The administration has been of little help with its recent endorsement of Maduro’s second-in-command as the new leader of Venezuela.
Problems with CleanBC roadmap
British Columbia’s CleanBC program was initiated in 2018. It has spawned innumerable websites, reports, studies, and communiques. In February 2023, it was updated with the Roadmap to 2030 plan.
The Roadmap is plainly aspirational. It is, as it says, a roadmap. However, 60 percent of the way to the objective, it is unclear whether real progress is present.
Missing tariff on the missing imports
The anomalous energy sources in s. 8(a) does not include solar and wind which have no fuel. In thecase of “geothermal heat” and “kinetic movement of flowing water,” this is a strange construction ofwords that attempts to define the “fuel” for geothermal and hydroelectricity. However, they are notcommodities since they are not traded, transportable, and relatively difficult to measure.
Press coverage has taken a number of approaches to handling the odd terminology. The mostcommon has been to simply assume that the terms are simply meaningless and substitute logicalalternatives. This is defensible given the president’s lack of background in energy, but falls afoul ofthe standards of legal interpretation which argue against an interpretation that makes some of thetext irrelevant.
New Reports
New England Clean Energy Connect (NECEC) Scheduling Interruptions and Net U.S. Exports to Quebec
Quebec is in its third year of a major drought, and reservoirs continue to be drawn down to meet peak winter loads. Lower reservoirs hamper operational flexibility, which can lead to interruptions in NECEC exports, and increased imports to Quebec to address loads.
Deconstructing Trump’s Energy Tariff
On February 1, 2025, the president issued an executive order imposing tariffs on Cana-dian energy. The actual tariff language was contained in a previous executive order enti-tled “Declaring A National Energy Emergency.”[…]
The anomalous energy sources in Section 8(a) do not include solar and wind which have no fuel. In the case of “geothermal heat” and “kinetic movement of flowing water”, this is a strange construction of words that attempts to define the “fuel” for geothermal and hydroelectricity. However, they are not commodities since they are not traded, trans-portable, and relatively difficult to measure.
Comments on SB X1-2 Workshop on Maximum Gross Gasoline Refining Margin and Penalty
Restrictions to the maximum margin changes the incentives for any number of market abuses ranging from exaggerated public announcements to wash trades designed to raise the OPIS index. The management of the refineries will exercise more supervision over their California operations if they face the incentive to do so. Absent such incentives, the unexplained market events experienced over the past decade will continue.