Eight billion dollars of the stimulus package has been reserved to help home owners make their homes more energy efficient. Currently, home owners receive a 10% tax credit for winterizing their homes. With the new stimulus package, they will receive a 30% tax credit for doing things that make their homes more energy efficient. In addition, the stimulus package includes $300M in rebates for people who purchase Energy Star appliances, such as energy-efficient dishwashers and refrigerators. These are great proposals, but Americans will have to be willing to spend more upfront in order to reap the benefits of energy efficiency. With the economy still on cruise control, will people be willing to shell out an extra $100 for a new fridge, even with the stimulus benefits in mind? As I wrote in my February column in Oil and Gas Investor, energy conservation is a mindset, and it is one that will take time for Americans to adopt. Lindsay Goodier, Online Editor, OilandGasInvestor.com
2024-02-12 - Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.
2024-02-22 - After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.
2024-01-22 - W&T Offshore believes it can meaningfully increase production on the six new properties through workovers, recompletions and facility repairs.
2024-01-04 - The acquisition of Aegion Coating Services will help expand Voyager’s presence in the Middle East, South America and Asia.
2024-01-08 - Trio Petroleum Corp. secured an option from Heavy Sweet Oil to acquire a 20% production share in the Asphalt Ridge heavy oil development project.