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It's been a little while since I mentioned that Axios produces smart, concise, breezy newsletters on all kinds of topics — ranging from politics to science to the future of work. You can get any or all of them delivered straight to your inbox by signing up here. OK, onward . . .
New analysis: The commentary atop the International Energy Agency's monthly oil report published Thursday is headlined "Happy New Year?" — and the question mark there matters because IEA says it might not be joyous for OPEC.
Why? Rising U.S. shale production is seen as blunting the efforts by the cartel and Russia to tighten the market by extending their production-limiting agreement through the end of 2018, a decision made last month in Vienna.
Why it matters: It's another sign of how the shale surge has re-shaped global crude markets and created big challenges for petro-states including Saudi Arabia and Russia.
Driving the news: Let's spend some more time with one of the splashiest announcements from this week's One Planet Summit in Paris — the World Bank Group's decision to largely end financing for oil-and-gas exploration and production projects.
Based on conversations with a number of sources and other news reports, here are some observations and conclusions. . .
Yes, but: Opponents of fossil fuel financing by multilateral funding institutions like the World Bank say the number is just part of the story. They note that bank support for oil-and-gas projects has a wider impact by catalyzing investment from other sources for projects in developing countries.
A little more from our email exchange . . .
State of play: Bloomberg reports that the emerging House-Senate tax compromise excludes House provisions that would have cut the value of wind energy tax credits and killed consumer credits for buying electric vehicle purchases.
Thought bubble: Cutting the wind credit, meanwhile, was always going to be a heavy lift, given the influence of GOP lawmkers from states where wind is an important industry.
Yes, but: The Bloomberg report notes that another consequential energy question remains unresolved.
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Speaking of the tax bill, a reminder that it includes provisions to open the coastal plain of the Arctic National Wildlife Refuge to oil drilling. Advocates of drilling there are on the cusp of succeeding after a decades-long push.
Yes, but: The bill is a major victory for pro-drilling interests and a massive setback for environmentalists who have long fought to keep ANWR off-limits.
New data: The third quarter of 2017 saw just over 2,000 megawatts of solar energy capacity added, marking a 51% drop from the same period last year, according to new data released Thursday by the Solar Energy Industries Association and GTM Research.
Why it matters: The group says the prospect that the Trump administration could impose tough penalties on panel imports — a move the solar project industry generally opposes — is already having ripple effects.
Go deeper: The third-quarter report is available here.
Climate science: My Axios colleague Erin Ross writes . . .
At least three instances of extreme weather would not have happened without climate change, according to the American Meterological Society’s annual report on extreme weather and climate change.
Fracking: My Axios colleague Khorri Atkinson reports . . .
Women living within half a mile from hydraulic fracturing sites are 25% more likely to have babies with low birth weight than mothers who live more than two miles beyond the sites, according to a new study released Wednesday.
The power of entertainment: This story in Atlas Obscura explores why shots of power lines and other electricity infrastructure are so common in Japanese anime.
In a number of series, writes Eric Grundhauser, "power lines stand out for the detail and complexity required to illustrate them."
Here's a little more from the piece: