Posted September 18, 2013
Editorial: U.S. Right to Approve Cove Point LNG Export License
Washington Post: SOME BUILDING projects may be shovel-ready. Others are shovel-desperate: they are reasonable proposals that make economic sense and boast private backers but are being slowed or blocked by interest groups leaning on the government.
One that belongs in the second category is a plan to convert a natural gas import plant, an expensive facility in Cove Point, Md., that’s sitting idle, into one that can handle exports to gas-hungry Japan and India. The Energy Department approved the plan last week, but in Baltimore on Tuesday, a coalition of environmentalists and citizens groups promised to prevent the project from getting the 60 or so additional signoffs it needs. They should find a better use for their time.
Posted August 23, 2013
“API is concerned that this proposed rule is a solution in search of a problem, an attempt to throw the regulatory apparatus of the federal government over an issue solely to address unsubstantiated ‘public concern.’ That alone cannot justify additional and costly rules that would have no discernible benefit.”
In short, that’s the API analysis of federal hydraulic fracturing rules proposed by the Bureau of Land Management (BLM). You can read the oil and natural gas industry’s full official comments on BLM’s proposal here.
Posted August 15, 2013
Posted August 7, 2013
Now for a change of pace: Kudos to EPA for deciding to give the oil and natural gas industry more time to install emissions controls on storage tanks.
Phasing in the deadline for controls on volatile organic compounds emitted by storage tanks – through April 2015 instead of the original deadline about two months from now – is encouraging because it recognizes industry’s willingness to make its operations cleaner under realistic and fair regulation, while also suggesting the agency can be responsive to industry’s reasonable points of view (more below).
Posted August 6, 2013
Posted August 6, 2013
Posted July 25, 2013
Senate Energy and Natural Resources Committee Chairman Ron Wyden, with some on-target remarks to a forum this week on surging U.S. shale natural gas production hosted by the Bipartisan Policy Center:
“We are in what I’ve come to describe as an economic Olympics, and winning is all about creating the most high-skill and high-wage jobs you can. … In this economic Olympics the American economy gets out of the blocks with a very strong lead because of natural gas. So what we want to do is put in place bipartisan policies that help us extend that lead in the natural gas field.”
Posted July 18, 2013
The history of modern crude oil prices includes a number of instances where historical events have accompanied dramatic price shifts. Simply: Events that impact or could impact supply affect the global crude oil market. And, because the cost of crude is the main driver of gasoline prices – currently about 66 percent
Posted July 15, 2013
Posted May 31, 2013
The U.S. Energy Information Administration has a new report that details the decline in sales of oil and natural gas from production on federal lands (2003-2012). Key points:
- Sales of crude oil from federal lands, onshore and offshore, decreased 5 percent in fiscal year 2012 (ended Sept. 30) to 596 million barrels from 629 million barrels in FY 2011. That includes an 8-percent decrease in offshore volumes, partially offset by an 8-percent increase in much smaller onshore volumes.
- Natural gas sales from federal lands decreased 7 percent in FY 2012 to 4,262 billion cubic feet (bcf) from 4,584 bcf in FY 2011. Offshore volumes were down 19 percent, while onshore was virtually unchanged.
- Sales of all fossil fuels produced on federal lands (also including coal and natural gas plant liquids) fell by 4 percent in FY 2012.