A Review Of 10 Big Energy Events Of 2024

David Blackmon | Source: Forbes | Posted 01/03/2025

Keyword Tags:

2024 was one of the most eventful years in memory as it relates to energy policy and energy security.

AI generated summary

2024 was a pivotal year for energy policy and security in the United States, marked by various significant events. From the rise of AI and data centers increasing energy demand to President Joe Biden's suspension on LNG infrastructure permits, the landscape of energy policy faced challenges and changes. The Supreme Court's decision to rescind the Chevron Deference and China's embargo on rare earth metal exports added further complexities to the ongoing energy transition.

Additionally, issues such as the stagnation of electric vehicle demand, the controversies surrounding Biden's offshore wind sector, and the decline of ESG as a capital allocation driver also shaped the energy industry in 2024. Despite record-setting US oil and gas production and concerns about US solar growth facing lean years, the exploding federal debt and deficits further contributed to the uncertainty and challenges in the energy sector. These events set the stage for what is expected to be a significant year in 2025 for US energy policy under the newly inaugurated second term of President Donald Trump.

Link to Original Article

Please find the link to the full article below. (Please note that content provider might require a paid subscription)

Source Link: https://www.forbes.com/sites/davidblackmon/2024/12/31/a-review-of-10-big-energy-events-of-2024/?ss=energy

Create a free trial account: Sign Up

Grid monitor is free to try. No credit card required

A Review Of 10 Big Energy Events Of 2024

AI generated summary

Link to Original Article

Create a free trial account: Sign Up

Already have an account? Login