The threat of a potential crisis in the Middle East has apparently disappeared for oil traders, with revitalized fears of oversupply now taking center stage. The EIA expects 42 gigawatts of new electricity capacity to come online in 2020, with solar and wind accounting for nearly 32 GW of that total, or 76 percent. – Wind alone accounts for 44 percent of expected new capacity. Solar represents 32 percent and natural gas 22 percent. The remaining 2 percent comes from hydro and battery storage. – An estimated 11 GW will be retired, with coal accounting for half of that total, gas 33 percent and nuclear 14 percent. Market Movers – Pembina Pipeline’s (NYSE: PBA) proposed Jordan Cove LNG terminal and the associated 230-mile gas pipeline in Southern Oregon only represents a minimal impact on the environment, […]