History of Electricity - IER
WEBIn 1882, with J.P. Morgan funding his efforts, Edison launched the businesses that would later be known as General Electric. In September of that year, he opened the United States’ first central power plant in lower Manhattan—the Pearl Street Station. Pearl Street was a stroke of genius.
The United States Was Energy Independent in 2019 for the First …
WEBMay 11, 2020 — The United States Was Energy Independent in 2019 for the First Time Since 1957. By IER. May 11, 2020. Contact The Expert. U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import …
History of Solar Power - IER
WEBFeb 18, 2016 — The history of solar power is not as recent as some may think as the technology has existed since the 19th century and has received substantial government support since at least the 1970s. Despite vast amounts of subsidies, solar power comprises less than 1 percent of US electricity generation [1] and should no longer be propped up …
An Overview of Federal Government Support for Electric Vehicles
WEBJul 27, 2023 — An Overview of Federal Government Support for Electric Vehicles. By Alexander Stevens. July 27, 2023. Contact The Expert. Electric vehicles (EVs) have been heralded as the eco-friendly saviors of our transportation landscape, promising to reduce greenhouse gas emissions, dependence on fossil fuels, and combat climate change.
Solar Power Depletes Farmlands of Rich Soil - IER
WEBMay 29, 2024 — Solar energy is depleting farmlands of their rich soils in the U.S. Midwest. The solar industry is moving into the U.S. Midwest, drawn by cheaper land rents, access to electric transmission, massive federal and state incentives, and the region’s wide-open fields. But Biden’s renewable energy boom risks damaging some of America’s richest ...
Price Controls and the 1970s Oil Crisis: Lessons for Today
WEBOct 24, 2023 — The 1970s “Energy Crisis” was in full swing. While shortages were blamed on Big Oil at home and OPEC abroad, the real culprit was federal price and allocation controls. President Richard Nixon’s August 1971 declaration of a 90-day freeze of wages and prices, intended to check price inflation then running near 4 percent (one-half of …
Electric Generating Costs: A Primer - IER
WEBAug 22, 2012 — The cost of generating electricity includes the capital cost, the financing charges, and the production or operating costs (including fuel and maintenance of the technology) at the point of connection to an electrical load or the electricity grid. When determining what new plant to build, a utility company will compare all these costs …
Global Oil and Gas Proved Reserves Increase in 2021 - IER
WEBJun 22, 2022 — According to the Energy Information Administration (EIA), annual financial reports by 119 publicly traded exploration and production companies show that their proved reserves totaled 293 billion barrels of oil equivalent at the end of 2021, 6 percent higher than the end of 2020.After net purchases and production, the companies added 19.2 …
WEB6 | AN OVERVIEW OF NATURAL GAS BANS IN THE U.S. THE NSTITUTE OR NERGY ESEARCH electricity demand has been affected by rolling blackouts during heat waves and power cutoffs to prevent fires caused by old equipment.
Climate Alarm: Failed Prognostications - IER
WEBJun 22, 2018 — New York Times, June 24, 1988. It has been 30 years since the alarm bell was sounded for manmade global warming caused by modern industrial society. And predictions made on that day—and ever since—continue to be falsified in the real world. The predictions made by climate scientist James Hansen and Michael Oppenheimer …