The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding
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12 AUGUST 2016 | FUEL OIL NEWS | www.fueloilnews.com 2nd Place, Winner of 4 tickets to the National Aquarium in Baltimore, Hannah from Chester Springs, Pa. Hannah's video focused on how if we don't make smart energy decisions it will affect our future. She suggests making energy-efficient choices, and thinking about how your actions make a big difference. 3rd Place, Winner of four tickets to the Philadelphia Zoo, Teresa from Exton, Pa. Teresa's video focused on why making smart green energy choices are important for her generation. One line in the video says, "Saving the earth is saving our future." See all the videos at: http://www.amerigreen.com/videochallenge/ MIKE PUIG JOINS MIRABITO ENERGY PRODUCTS Mike Puig has recently joined Mirabito Energy Products of Binghamton, N.Y., as regional business development manager. Puig will develop Mirabito's wholesale and large com- mercial fuel business in Connecticut and surrounding states. Puig was formerly with Hess Oil and Select Energy in both sales and supply capacities. Contact: 203-214-0581/mike.puig@mirabito.com. Principal contributor: David Peterson EIA PROJECTIONS SHOW POLICIES REDUCING ENERGY USE AND EMISSIONS, BOOSTING RENEWABLES AND EFFICIENCY Tax credits and efficiency standards for appliances and vehicles have been key drivers for increasing renewable energy use and energy efficiency in the United States. Extending these policies and increasing the stringency of the Clean Power Plan beyond 2030 would reduce energy-related carbon dioxide emissions by reducing motor fuel use and energy use in buildings by increasing efficiency and by increasing the share of solar and wind in the electricity generation mix. In EIA's Annual Energy Outlook 2016 Reference case projection, which generally assumes current laws and poli- cies, electricity generation from solar and wind sources across all sectors increases from 227 billion kilowatt hours in 2015 to 950 billion kWh in 2040. In the Extended Policies case, which perpetuates policies beyond their legislated expi- ration, solar and wind generation grow to 1,236 billion kWh in 2040, or 30% above the Reference case level. Production tax credits for renewable energy are legis- lated to expire or reduce in value in 2017, and investment tax credits for solar energy begin to decline in 2020. In the residential sector, these credits expire completely at the end of 2021. As these tax credits decline or expire, utilities and distributed generator (e.g., rooftop solar panels) customers accelerate investment and production projects to take advan- tage of the full value of the credits. In the Reference case, this acceleration results in a period of fast growth in renewable generation up to those expiration dates. In the Extended Policies case, these credits are extended at their current value through 2040, leading to steadier and ultimately larger growth in renewable energy. The Extended Policies case also extends federal energy efficiency policies that encourage the adoption of efficient appliances and equipment in the residential, commercial, industrial, and transportation sectors. Reductions in trans- portation energy use in the Extended Policies case are driven by extension of fuel economy requirements that further decrease energy consumption in light-duty, medium-duty, and heavy-duty vehicles. Lower energy use and emissions in the buildings sector in the Extended Policies case result from improved energy effi- ciency of equipment for heating, cooling, and other uses, as well as increased adoption of more stringent building energy codes. Greater use of distributed generation, such as rooftop solar photovoltaic systems, reduces purchases of electricity. Mike Puig Extended Policies Case Solar and wind electricity generation (2010-40) billion kilowatthours billion kilowatthours 1,200 1,000 800 600 400 200 0 history projections projections power sector buildings sector Reference Case Extended Policies Case Reference Case 1,200 1,000 800 600 400 200 0 2010 2020 2030 2040 2010 2020 2030 2040 history Delivered energy use by sector (2010-40) quadrillion Btu quadrillion Btu 30 28 26 24 22 20 18 0 // 2010 2020 2030 2040 2010 2020 2030 2040 30 28 26 24 22 20 18 0 // transportation sector buildings sector history projections history projections Reference Case Extended Policies Case Source: U.S. Energy Information Administration, Annual Energy Outlook 2016