According to University of Texas researchers, trillions of cubic feet of methane are trapped under the Gulf of Mexico, frozen.
The U.S. Department of Energy gave Texas over $40 million to research this frozen gas â methane hydrate. As part of a four-year program, researchers will study methane hydrate and evaluate its potential as a new energy source. Combined with funds from other donors, the program has a total value of $58 million.
Dr. Peter Flemings, the programâs lead investigator and a UT geophysics professor, says methane hydrate is one of the most fascinating materials on the planet. Continue Reading â
CenterPoint says it will actually ask for a rate increase next year.
CenterPoint Energy, a state-regulated utility that maintains poles and wires for over two million electricity customers, had millions of dollars in âexcess revenueâ last year. At its meeting Friday morning, the Texas Public Utilities Commission considered whether something should be done about that.
A report from the PUCâs staff said that last year alone CenterPoint had âexcess revenueâ of almost $47 million. News 88.7 reported earlier how company executives this summer bragged to investors that for the last three years, the utility had been earning âwell in excessâ of the amount authorized by the PUC.
But at the meeting, PUC staff member Darryl Tietjen told the commissioners: âWe have recommended the commission take no action for any of the companies we have reviewed.â
The Texas Public Utility Commission meets Friday and will consider a report that says the Houston utility company, CenterPoint Energy, made almost $47 million in âexcess revenueâ last year. According to one utility watch-dog group, thatâs too much.
CenterPoint Energy doesnât sell electricity. It delivers it through thousands of miles of power lines. A charge is added to electric bills to pay CenterPoint.
âThis is a regulated monopoly. They do not face competition,â said Thomas Brocato, a lawyer who works with the group Texas Coalition for Affordable Power.
Brocato is an expert on utility regulation and is a watchdog on utility companies. He said CenterPoint is, in essence, being allowed to make too much money. Continue Reading â
The benchmark price of oil is lower than it has been in four years.
The benchmark price of U.S. crude hovers around $85 a barrel. Thatâs lower than itâs been in four years and $15 below where it was a year ago. Here are a few reasons why:
Economic growth has stalled internationally â This has slowing the demand for oil, but oil supplies are increasing thanks to the shale boom in the U.S. and the fact that OPEC â the cartel that sets prices internationally â has not cut production.
The dollar is strong â The higher valuation of U.S. currency means that oil prices are down but âbecause the dollarâs also at a four-year high â the oil is still pricey, driving down demand.
Speculators are betting on prices to drop â Weekly production of oil is expected to reach a 45-year high next year, the marketâs going bearish, driving the prices down.
Along the Texas Gulf Coast, billions is being spent to build or expand petrochemical plants.
A big, new expansion of a petrochemical plant is under construction in Clear Lake. Itâll make methanol, a key ingredient for producing other chemicals. But will it also make pollution that will add to global warming?
The expansion of an existing complex owned by Celanese is part of trend along the Texas Gulf Coast as low prices for natural gas have made making chemicals cheaper.
âThereâve been several methanol and ammonia plants proposed for the area. And those are very natural gas intensive,â said Katie Teller, an analyst with the Federal Department of Energy.
A map of projects to increase transmission capacity in the Rio Grande Valley.
It had been about three years since Texas experienced major rolling blackouts, but they happened this week in the Rio Grande Valley. The Electric Reliability Council of Texas (ERCOT), the group that manages nearly all of the Texas grid, says the blackouts are related to longstanding problems with the transmission system in the region.
Trouble started on Wednesday afternoon when two power plants suffered breakdowns. Fearing that high demand and low supply of electricity could damage the regional grid and cause an uncontrolled blackout, ERCOT called for ârotating outagesâ (industry speak for rolling blackouts) to keep some power on the lines.
Grid managers have known for some time the valley runs a higher risk of rolling blackouts. The reason is that the transmission system in the Valley is more isolated than other parts of Texas. It cannot easily bring in electricity from the rest of the ERCOT grid when needed. That can cause blackouts in the Valley even when the rest of the grid is stable, according to ERCOT.
âThe valley area has some significant limitations as far as how much power it can import into that region,â says Robbie Searcy, an ERCOT spokesperson. âRight now when there is a hot early fall afternoon and we have these sort of generation outages there is a risk to the transmission system in that area.â
The Chinati Mountains State Natural Area in south Presidio County finally has public access, according to Corky Kulhmann, senior project manager for land conservation for Texas Parks and Wildlife. This is news given exclusively to KRTS.
For eight years, Kulhmann and his team have been working to gain public access to 39,000 acres donated to create a new state park.
âBut thatâs been blocked by either no funds or landowners changing their minds or just other priorities with state parks, as far as money could go when we had money,â Kulhmann explains. âIt turned out a lot of the lands here are just a bowl of spaghetti.â
The four tracts of land needed to open a public road to the park were not straight-forward deals. There was the family that wouldnât sell to the state and instead sold to a developer, who then sold back to the state; a landowner that had to be tracked down in Florida through Facebook; and a deal negotiated with Presidio County after a default on taxes gave them the land, says Kulhmann.
The last piece of the puzzle has Kulhmannâs surveyors working with the state of Texas General Land Office to purchase land from them.
Ernest Moniz was the keynote speaker of this year's SXSW Eco conference in Austin.
Itâs not every day that you get to talk to the US Secretary of Energy about how the oil and gas boom affected your hometown. So, when Alyssa Wolverton saw her chance, she took it.
After delivering the keynote speech at this yearâs SXSW Eco conference, Department of Energy Secretary Ernest Moniz took some questions from the audience. Thatâs when Wolverton, a student at the University of North Texas in Denton, asked him about a proposal to ban hydraulic fracturing (or âfrackingâ) within city limits. The town will be voting on the ban this November.
âI was curious to know if you think that your really good idea of diversifying our energy (âŠ) can mesh up with the integrity of our cities that donât want more advances,â asked Wolverton, who supports the proposed ban.
An oil rig south of Pyote, Texas, December 11, 2013.
Crude oil is now trading at roughly $13 a barrel less than it did a year ago. Thatâs in spite of the seizure of Iraqi and Syrian oil facilities by ISIS and a U.S.-led bombing campaign against those facilities.
âThe beginning of the bombing campaign in Syria and Iraq recently was met with a big yawn by the energy markets and really had no upward effect at all on crude oil prices,â says economist Karr Ingham, creator of the Texas Petro Index on behalf of the Texas Alliance of Energy Producers.
According to the latest index, the stateâs crude oil production approached 96 million barrels in August, up more than 23 percent from August of last year. Ingham suspects the rise in U.S. production is helping to hold down prices and stabilize energy markets. âDonât you wonder if we are not seeing the benefits of expanded crude oil production in North America playing out before our very eyes?â he says. âI wonder if thatâs not exactly what weâre seeing. I certainly hope thatâs the case. This may in part be what energy independence looks like.â
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Dropping prices have already things shaken up in the business world. Mergers and acquisitions of oil companies are 
