Energy Independence For States
Jobs and The Economy
OPEC
To frack or not to frack: North Dakota’s dilemma
By Brian A. Shactman, CNBC.com
The oil rush in North Dakota has it all. Billions of dollars. Thousands of jobs. Continue reading
Rejection of oil pipeline costs jobs, energy security
Lawrence S. Katz / Toms River
Should our president allow environmental lobbyists to influence or dictate this nation’s energy policy? Continue reading
‘Fracking’ gives U.S. lease on energy independence
By Arthur I. Cyr
“Fracking” rhymes with “hacking” and is not a friendly term. Other unpleasant words that begin with “f” include “fracture,” “frenzied,” “frustrate” and more. Continue reading
America’s New Production and the Farce of Peak Oil
Recent Discoveries Put Americ. New Fields May Propel Americas to Top of Oil Companies‘ Lists …
Brazil has begun building its first nuclear submarine to protect its vast, new offshore oil discoveries. Colombia’s oil production is climbing so fast that it is closing in on Algeria’s and could hit Libya’s prewar levels in a few years. ExxonMobil is striking new deals in Argentina, which recently heralded its biggest oil discovery since the 1980s. – NY Times as Back in Oil Companies’ Sights ..
Dominant Social Theme: The world is running out of oil. Renewables are the ticket. People will have to make do with less.
Free-Market Analysis: It wasn’t supposed to be this way. By now, Peak Oil was supposed to be a fact of daily life. People were supposed to be lined up at gas stations, struggling to buy US$10-a-gallon gas. Solar and wind companies were supposed to occupy prominent places on the Big Board instead of going out of business right and left.
People were supposed to have diminished expectations – resigned to shivering in the dark. Free markets, a flawed system of commerce, were to be exposed as a misleading theoretical construct, incapable of providing for people’s needs. The Invisible Hand, while real, could not combat an equally real and disturbing fact: The world was running out of resources.
But not according to this recent article in the New York Times. Yes, THAT New York Times, the newspaper of record that has spent the past decade banging the drum for Peak Oil – the idea that the world is running out of energy and that people will have to lower their expectations about how to live and perhaps abandon modern society altogether. Continue reading
FT Commodities News
- Suicide bombers hit Niger army and mineSoldiers killed in gun battle with Islamists following attack in Agadez and at least 14 staff wounded in another strike at Areva’s Somaïr site
- Silver’s slide shows hedging benefitsThe successful programmes may help convince sceptical miners and equity investors to seek protection against price declines
- Copper tumbles on weak China dataAfter a six-week high, price of the red metal falls 2.6% following weak Chinese manufacturing data and a plunge in the Japanese stock market
- Glencore Xstrata raises $5bn from bond saleFirst tranche of funding raised since $76bn merger was completed comes amid record low yields for investment-grade corporate bonds
- Vedanta sells landmark offshore bondIndian groups have almost doubled the record full-year amount of debt raised offshore in 2011, when companies notched up a total of $3.3bn
- Australia outlines resources pullbackFigures highlight the challenge facing policy makers in Australia as they attempt to rebalance the economy after years of resource-led growth
- Copper rises to six-week highContinued outage at Freeport’s Grasberg mine in Indonesia heightens supply worries
- US farmland faces asset bubble testPrices have doubled as the Fed has held interest rates at lows and amid strong demand. What will happen when monetary policy tightens and grain supply grows
- Commodities traders acquire power stationsTrading houses are buying plants signalling a return to the utilities sector, 10 years after the collapse of the US electricity trading industry
- Aluminium chief to leave Glencore XstrataGary Fegel, who has run Glencore’s aluminium division since 2006, is the first senior departure since the completion of the takeover of Xstrata
Consumer Energy Alliance
- Keystone XL By The NumbersThe U.S. State Department finishes this week collecting public reaction to their draft environmental statement on the Keystone XL pipeline it issued in March. Consumer Energy Alliance is a strong advocate for advancing the KXL pipeline as part of an “all of the above” American energy plan. Along with its state based partners, CEA [...]The post Keystone XL […]
- Oil & Gas Producers Join Truckers for Improved Road SafetyConsumer group helps form industry taskforce to improve collaboration and safety HOUSTON, April 23, 2013 – Oil and gas companies have joined forces with the trucking industry to promote improved road safety and traffic management in heavily travelled producing areas like the Eagle Ford in south central Texas, the Marcellus region in the Northeast and [...]Th […]
- Build the Keystone XL Pipeline; CEA and AIF Say “We Need it Now”~ Consumer Energy Alliance and Associated Industries of Florida gather more than 27,000 comments from Floridians supportive of the pipeline~ TALLAHASSEE, Fla. – Consumer Energy Alliance (CEA), in partnership with Associated Industries of Florida (AIF), recruited 27,787 Florida residents who petitioned the U.S. Department of State to approve construction of […]
- CEA: State Department Should Approve Keystone XL for Economic & Security BenefitsCEA today urged the Obama Administration to swiftly approve the Keystone XL pipeline given the large economic and national security benefits the project will provide. GRAND ISLAND, NE – Michael Whatley, Executive Vice President of Consumer Energy Alliance, provided comments supporting the construction of the Keystone XL Pipeline today at the U.S. State Depar […]
- Report Card Shows Safety of Offshore Drilling Greatly IncreasedReport card highlights the significant advancements achieved in offshore development by the oil and natural gas industry which are protecting our environment and helping the U.S. economy advance. HOUSTON, TX – Today, the Oil Spill Commission Action Project released its second report card, which outlined the progress that the Obama Administration, Congress an […]
- Consumer Energy Alliance Welcomes New Member: Northrim BankHOUSTON–Consumer Energy Alliance (CEA) is pleased to welcome Northrim Bank as its newest affiliate member. Northrim is highly engaged in the Alaska economy, both as a respected banking and financial institution, and providing economics education to public officials, the public at large, and civic and business organizations. Energy production and consumption […]
- Texas Railroad Commissioner David Porter Says Permian Basin is Key to U.S. Energy Self-SufficiencySpeaking at Midland forum, Porter touts Permian gains At a Thursday forum in Midland, Texas Railroad Commissioner David Porter said energy production from the Permian Basin is a key factor in Texas and U.S. energy independence. “If the United States achieves energy independence, it will be because of the Permian Basin,” he said The forum, [...]The post Texas […]
- Brett Vassey Joins Consumer Energy Alliance Board of DirectorsHouston, TX – Consumer Energy Alliance welcomes Brett A. Vassey, President & CEO of the Virginia Manufacturers Association, to its board of directors. “Long joined at the hip, energy and manufacturing are in a better position than ever to showcase America’s economic potential,” said John Heimlich, Chairman of CEA Board of Directors. “Brett’s experience […]
- CEA-Florida to Federal Government: Increased Offshore Energy Development Helps Consumers, Creates Jobs, Stimulates EconomyTechnological Advances Help to Minimize Impact on Environment TALLAHASSEE, Fla. – This week, Consumer Energy Alliance will participate at the public hearings in Tallahassee and Panama City Beach which are hosted by the Bureau of Ocean Energy Management (BOEM). BOEM has completed a draft environmental impact statement for two proposed oil and gas lease sales […]
- State Department Refutes Opponents Claim KXL Would Harm EnvironmentFollowing one of the most thorough and pragmatic project reviews in our nation’s history it’s time to move forward with the Keystone XL Pipeline HOUSTON, TX: The draft SEIS issued Friday by the State Department is the first formal step in the agency’s review of TransCanada’s permit application for the Keystone XL pipeline. CEA Executive [...]The post State […]
Free Enterprise
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ANGA.US
- ANGA Members Emphasize Safe and Responsible Development, Highlight Effectiveness of State RegulationBackground: Following is a comment by Marty Durbin, President and Chief Executive Officer for America’s Natural Gas Alliance, on today’s natural gas roundtable on shale development, environmental protection and best practices before the Senate Energy and Natural Resources Committee.“As the committee continues this important conversation to identify how we ca […]
- ANGA CEO Durbin Makes Push On “Incredible Opportunity” For ExportsHighlighting the enormous economic potential for exporting American natural gas, ANGA CEO Marty Durbin has been making the rounds, citing two new key studies on the issue.On a recent segment for Fox Business News, Marty cut to the chase: "I see absolutely no reason that we shouldn't give ourselves the opportunity to be a part of the global market […]
- ANGA to Senate Energy Committee: Vast Supplies Make Export of Natural Gas a Clear ChoiceBackground: Following is a comment by Marty Durbin, President and Chief Executive Officer for America's Natural Gas Alliance on today's natural gas roundtable before the Senate Energy and Natural Resources Committee."The committee's focus on domestic supply and exports comes at a particularly good time given our growing understanding of A […]
- ANGA Statement on DOE Authorization of Freeport LNG Terminal“While this is a positive step, we would like for the administration to pick up the pace of approvals so that the markets can decide which projects go forward. Experts ranging from the Energy Department, to the Brookings Institution, to Deloitte and others have all examined the potential impact of natural gas exports on our economy, and have identified a wid […]
- Weathering an Emergency with Some Help from Natural GasWhile millions of New Yorkers were left without power in the aftermath of Hurricane Sandy, New York University (NYU) was able to keep its buildings and facilities operating, using natural gas to produce a reliable source of electricity and heat through the process of cogeneration.Shortly after the storm passed, Matt Wald reported in a New York Times' Gr […]
- ANGA Statement on Release of BLM’s Hydraulic Fracturing ProposalBackground: Following is a comment from Amy Farrell, Vice President of Regulatory Affairs for America’s Natural Gas Alliance, on the release of hydraulic fracturing rules today by the Bureau of Land Management. “We are reviewing the BLM rules to determine how they will affect our members’ ability to produce this clean, abundant and affordable natural gas res […]
- All Aboard! Freight Rail Giant Testing Natural Gas-Powered LocomotivesJust how flexible is natural gas? Beyond powering your home heating systems, daily commute vehicles, long-haul trucks and ships at sea, America's own abundant natural gas is now being tested on the rail tracks. BNSF Railway Co., the largest railroad in the U.S. and a subsidiary of Berkshire Hathaway, will begin testing liquefied natural gas (LNG) as a l […]
- American Energy Powering American JobsThe word is out, and the international business community now sees the United States making investments, building factories and producing goods.A Washington Post article highlighted the trend, noting that the “plunging price of natural gas in the United States has European companies setting sail across the Atlantic to stay competitive.” Beyond powering our h […]
- Cleaner Transportation, Powered with Natural GasAll over the country, public transportation systems move hundreds of thousands of riders on a daily basis. These fleets represent a significant portion of public dollars, largely due to the unpredictable price of fuel. But now public transit systems can rely on a cleaner and more economical fuel – natural gas – thanks to our abundant domestic supply.Los Ang […]
- Demonstrating A Commitment to Transparency by ExampleANGA companies developing natural gas report the additives used in their hydraulic fracturing operations using the website FracFocus.org. Maintained by the Groundwater Protection Council (GWPC) and the Interstate Oil and Gas Compact Commission (IOGCC), this website serves as a public registry of hydraulic fracturing fluids with information on a well-by-well […]
Energy Tomorrow
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America’s Power
- ACCCE Statement in Response to the Confirmation of Ernest MonizCategory: Press RoomDate: Thursday, May 16, 2013 For Immediate Release: May 16, 2013 In response to today's confirmation of Ernest Moniz as U.S. Energy Secretary, ACCCE President and CEO Robert M. "Mike" Duncan released the following statement: "As America's leading power supplier, the coal industry looks forward to working with S […]
- New Analysis Shows EPA Rules Are Shutting Down Power Plants in 32 StatesDate: Friday, May 3, 2013 NEW ANALYSIS SHOWS EPA RULES ARE SHUTTING DOWN POWER PLANTS IN 32 STATES Number of shutdowns continues to grow WASHINGTON – A new analysis shows more than 280 coal-based electric generating units are scheduled to be shut down due, at least in part, to regulations and other policies issued by the Environmental Protection Agency. Th […]
- ACCCE Commends Sponsors of Coal Jobs Protection Act Category: Press RoomDate: Tuesday, April 30, 2013 ACCCE COMMENDS SPONSORS OF COAL JOBS PROTECTION ACT Bill would help address some of the economic problems caused by EPA regulations WASHINGTON – This week, Senator McConnell, Senator Paul and Congresswoman Capito announced the introduction of the Coal Jobs Protection Act. The bill would requir […]
- Statement from Mike Duncan in Commemoration of Earth DayCategory: Latest NewsDate: Monday, April 22, 2013 In commemoration of Earth Day, American Coalition for Clean Coal Electricity president and CEO Mike Duncan released the following statement: “By 2015, more than 90 percent of U.S. coal power plants will have installed clean coal technologies and other advanced emissions controls. This unprecedented investmen […]
- ACCCE Statement on New EPA Administrator Category: Latest NewsDate: Monday, March 4, 2013 In response to the Obama Administration’s nomination of Gina McCarthy to succeed Lisa Jackson as Environmental Protection Agency administrator, American Coalition for Clean Coal Electricity President and CEO Robert M. “Mike” Duncan released the following statement: “We congratulate Assistant Administrator G […]
- Letter to the Editor: An America Without Coal Plants?Category: Latest NewsDate: Monday, March 4, 2013 The following Letter to the Editor was written by the American Coalition for Clean Coal Electricity President and CEO Robert M. “Mike” Duncan, and published in the Washington Post in response to a recent Op-Ed the paper had written regarding the coal-based electricity industry. "Columnist Eugene Robins […]
- ACCCE Urges President Obama to Reaffirm Commitment to Clean CoalCategory: Press RoomDate: Tuesday, February 12, 2013WASHINGTON - The following statement was released today by the American Coalition for Clean Coal Electricity President and CEO Robert M. "Mike" Duncan in advance of President Obama’s State of the Union Address: "Clean coal is an essential part of our nation’s energy future. As the President […]
- Clean Coal Campaign Teams with NASCARCategory: Press RoomDate: Friday, February 8, 2013ACCCE to renew sponsorship of Dale Earnhardt Jr.’s JR Motorsports at Key Races WASHINGTON – The American Coalition for Clean Coal Electricity today announced the renewed sponsorship of a NASCAR Nationwide Series team, JR Motorsports, the racing operation owned by Dale Earnhardt, Jr. Under the sponsorship, JR […]
- Half of U.S. Families Have Seen Energy Costs Nearly DoubleCategory: Press RoomDate: Tuesday, January 22, 2013 WASHINGTON D.C. – America’s working class and those on fixed-‐‑ and lower-‐‑incomes are suffering the most from increases in energy costs, according to a new study released today by the American Coalition for Clean Coal Electricity. The study finds that more than half of U.S. households will spend an ave […]
- New Analysis Finds EPA Regulations Would Cost 1.5 Million Jobs Over the Next Four YearsCategory: Latest NewsDate: Friday, October 26, 2012 Washington, DC – A new analysis of EPA regulations that would impact the coal-based electricity industry projects that seven rules would reduce U.S. employment by 1.5 million jobs over the next four years. The analysis was conducted by National Economic Research Associates (NERA) on behalf of the American […]
NYT – El Paso
- Korean Oil Firm Is Part of Group Buying El Paso AssetsA South Korean state-run oil company, the Korean National Oil Corporation, is a part of the group that includes Apollo Global Management, Riverstone Holdings and Access Industries.
- How Wall Street Deals With ConflictsThere are no options to police conflicts among investment bankers as there are in the law. Indeed, conflicts of interest appear to be almost a cost of doing business on Wall Street these days.
- El Paso Shareholders Approve Kinder Morgan DealCasting aside the controversy, shareholders of the El Paso Corporation have approved Kinder Morgan's bid, originally valued at $21.1 billion. During a special meeting on Friday, a group of shareholders representing about 79 percent of El Paso outstanding shares, voted overwhelmingly -- in excess of 95 percent -- for the deal. The transaction is expected […]
- El Paso Shareholders Approve Kinder Morgan TakeoverCasting aside the controversy over the deal, investors of the natural gas pipeline operator approved Kinder Morgan's $21.1 billion bid.
- Pension Fund to Vote Against Kinder Morgan-El Paso DealOne of the nation's largest public pensions said it would vote to block Kinder Morgan's $21 billion takeover of the El Paso Corporation, citing a lack of transparency and a conflict of interest related to the company's merger adviser.
- A Mirror Can Be a Dangerous Tool for Some C.E.O.'sBeing a visionary leader, or at least thinking you are, can propel corporate chieftains to great heights, but it can also lead to extreme narcissism. And the victims are often shareholders.
- El Paso Corp. Chief Defends His Actions in Kinder Morgan DealIn a letter to employees, Douglas L. Foshee said he acted properly in negotiating the sale of the El Paso Corporation to Kinder Morgan, despite criticism from a Delaware judge.
- As an Adviser, Goldman Sachs Guaranteed Its PaydayLloyd C. Blankfein had a script for his phone call. ''Hello, Doug - it's been a long time since we have had the chance to visit,'' say the notes prepared for his call with Doug Foshee, the chief executive of El Paso, the big energy company that last fall was in talks to be sold to Kinder Morgan. ''I was very pleased you rea […]
- DealBook OnlineLIMITING LEGAL COSTS When a corporation is caught in a government investigation, the legal fees can quickly exceed $100 million -- and that's before the lawsuits even begin. Once the government files charges, those costs can grow as companies are required to pay the legal fees for any officers or directors accused of wrongdoing. But according to White C […]
- As an Adviser, Goldman Guaranteed Its PaydayIn an advisory role in a deal for the El Paso Corporation, Goldman Sachs was on every conceivable side of the negotiations, and El Paso may have unwittingly sold itself at far too cheap a price.
