The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

ferc  electric-grid  natural-gas  consumers 

Mark Green

Mark Green
Posted October 17, 2017

It’s unclear what the Federal Energy Regulatory Commission (FERC) will do with U.S. Energy Secretary Rick Perry’s request that FERC alter the electricity marketplace in favor of certain generating facilities – a proposal that by design would favor some energy sources over others.

Perry says his request to FERC was meant to be a conversation starter. But if it’s a conversation about government tilting the electricity market one way or another, it’s the wrong one.

Indeed, as the secretary tried to explain his FERC order to lawmakers at a House hearing last week he missed the mark when he questioned the reliability of natural gas, the leading fuel for U.S. electricity generation in 2016, and asserted that the natural gas and oil industry receives federal subsidies – it doesn’t.

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trade  canada  mexico  us-energy  consumers  jobs  investments 

Mark Green

Mark Green
Posted October 10, 2017

With talks between the U.S., Canada and Mexico on modernizing NAFTA heading for a fourth round this week, our negotiators can help ensure the global competitiveness of U.S. energy companies by working to retain strong protections for U.S. investments abroad through the agreement’s investment protections and investor-state dispute settlement (ISDS) provision.

ISDS sounds a little wonky, but its basic mission is pretty straightforward: It helps protect U.S. investors from being treated unfairly by host nation governments. Conversely, there’s potential jeopardy if the U.S. allows ISDS to be weakened or removed in the current talks. It could undermine ISDS provisions globally in other treaties and agreements.

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ohio  natural-gas  consumers  electricity 

Mark Green

Mark Green
Posted October 5, 2017

Ohio voters continue to oppose bailouts for nuclear plants. As a statewide poll showed this summer, a new poll by API Ohio shows big opposition to a proposal to let nuclear plant owner FirstEnergy charge its customers a special fee to increase funding for its plants in three counties that are near FirstEnergy’s headquarters and its Davis-Besse and Perry nuclear plants. The opposition in Lake, Summit and Ottawa counties is bipartisan and huge.

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natural-gas  consumers  electric-grid  ferc 

Mark Green

Mark Green
Posted October 4, 2017

Some initial takeaways from this week’s House hearing, during which there was considerable discussion of the U.S. Energy Department’s recent request that a new electricity pricing program be developed by the Federal Energy Regulatory Commission – one that effectively would favor some energy sources over others.

First, as we argued twice last week (read here and here), markets – not preferences, mechanisms, subsidies or whatever – should be allowed to select energy sources for power generation, because they reward innovation, promote efficiency, lower prices and work to benefit consumers.

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lng-exports  natural-gas  consumers  economic-growth  jobs 

Mark Green

Mark Green
Posted October 3, 2017

Here’s what we’ve learned since a 2013 study projected job and economic gains from exporting U.S. liquefied natural gas: The jobs and economic growth are still positive and significant, the domestic price impacts are about half of what was estimated four years ago and we have more natural gas than we thought.

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consumers  natural-gas  electric-grid  ferc 

Mark Green

Mark Green
Posted September 29, 2017

Earlier this week we wrote about the market perils of government efforts to favor some energy sources over others (“On Energy, Let Markets Choose”). We may as well have been talking about Friday’s U.S. Energy Department request that the Federal Energy Regulatory Commission (FERC) develop a new electricity pricing program that lets some power plants recover the costs of providing that power.

Whatever you call these preferential measures – subsidies, mechanisms, credits – they tend to foil the way markets, if left to themselves, reward innovation, promote efficiency, lower prices and work to benefit consumers.

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natural-gas-benefits  consumers  natural-gas-supplies  nuclear  subsidies 

Mark Green

Mark Green
Posted September 26, 2017

We support all-of-the-above energy – the concept that America is strongest and its citizens are best served when all of our country’s energy sources play their part. We’re also for the important role markets play in determining energy sources, because markets reward innovation, spur efficiency, lower prices and work to benefit consumers. That said, a new study that basically argues market-distorting subsidies enjoyed by some energies should be followed by market-distorting subsidies for others makes little sense.

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natural-gas-pipelines  environmental-review  consumers  natural-gas-benefits  natural-gas-access 

Mark Green

Mark Green
Posted September 21, 2017

For a number of months we’ve been talking about the need for more efficient and predictable federal processes for the permitting of energy infrastructure – including new natural gas pipelines and added capacity. New, bipartisan legislation introduced this week in the U.S. Senate is latest move in that direction.

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natural-gas-benefits  new-jersey  consumers  nuclear 

Mark Green

Mark Green
Posted September 19, 2017

Looking at the benefits of natural gas in a state such as New Jersey – lower consumer costs, jobs, environmental progress – it makes no sense to risk what works for New Jerseyans by handing state subsidies to nuclear plants. New Jersey voters agree: A strong, bipartisan majority opposes the idea in a new poll.

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hurricane-response  florida  fuel-supply  consumers  hurricane-harvey  hurricane-irma 

Mark Green

Mark Green
Posted September 7, 2017

As the Texas-Louisiana region continues its recovery from Hurricane Harvey, energy companies are making preparations for Hurricane Irma, which the National Hurricane Center projects could make landfall in Florida on Sunday. The big issue in Florida is consumer access to fuel. Companies are working with state and federal officials to meet needs.

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