Energy Independence For States
Jobs and The Economy
pipeline costs
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
FT Commodities News
- EU oil price probe reveals flawed systemGovernments are asking how oil benchmarks should be calculated but the answer is not clear, which is why the current system has lasted so long
- US energy revolution gathers paceApproval for Freeport LNG project in Texas, the first for two years, will allow it to export to countries that do not have a trade agreement with US
- Gold hits 4-week low on ETF sellingPoll by Credit Suisse of 185 investor clients finds 60% believe the yellow metal is the commodity with the worst 12-month outlook
- Profit warnings hit Australian resourcesWorleyParsons joins others to flag up problems, saying net profit will be lower than a year ago because of cancelled projects and client cost cutting
- Hayward takes chair at Glencore XstrataFormer BP chief executive makes extraordinary return to the forefront of British business, after Sir John Bond loses vote to be re-elected as chairman
- US farmland prices draw bubble talkWhether the rise in prices is overheating the market has become a feverishly discussed question among land shoppers from farmers to pension funds
- Hess strikes 11th-hour boardroom dealThe agreement resolves one of the fiercest battles for corporate control in the US energy industry, which has seen a rising tide of investor activism
- Vedanta powered by oil and gasLow commodity prices pushed down earnings from its mining units in every category bar aluminium, leaving it reliant on $2.4bn in oil and gas ebita
- Gunvor launches $500m maiden bondSwiss company is the third trading house to tap the public capital markets after Trafigura and Louis Dreyfus Commodities to expand into other areas
- CFTC probe provokes bafflement and angerUS commodity market watchdog wants energy and metals traders to prove their over-the-counter trades are not futures contracts masquerading as swaps
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 Statement on DOE Authorization of Freeport LNG TerminalBackground: Following is a comment by Marty Durbin, President and Chief Executive Officer for America’s Natural Gas Alliance, on the U.S. Department of Energy's decision to conditionally grant natural gas export authorization to the Freeport Liquefied Natural Gas Terminal in Texas.“While this is a positive step, we would like for the administration to p […]
- 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 […]
- Family Farms, Growing and Sustaining, Thanks to Natural GasAcross the country, small family owned and operated farms struggle with the challenges in today’s economy. Whether it is the expense of a new tractor, the fluctuation of crop prices or the costs of raising livestock, the future of family farms that have been passed down from one generation to the next are now at risk in an economy where one bad season or poo […]
- Generating Cleaner, Affordable Power with Natural GasOur demands for power are continously growing. To meet expanding demand, electric utilities are turning to clean and American natural gas. Natural gas is cleaner for our environment, and it is an affordable source of power generation for both utility companies and ratepayers. Southern Company and the Tennessee Valley Authority (TVA) are two power generators […]
Energy Tomorrow
- Rising U.S. Oil Supply and the Impact on Global MarketsIncreasing U.S. domestic production of oil matters. Energy Information Administration (EIA) chief Adam Sieminski had this analysis at an energy conference earlier this week (h/t Breaking Energy): “There’s a fairly significant, long-standing relationship between spare production capacity in OPEC and what the pricing environment is for oil. So the 2 million ba […]
- Energy Today – May 17, 2013Free Enterprise – Keystone XL: Real Benefits for the U.S. Sean Hackbarth notes Keystone XL pipeline developments this week: The House Transportation Committee advanced a bill that would allow construction of the full pipeline – the third congressional committee to do so; Canadian Prime Minister Stephen Harper was in New York City touting the project’s ben […]
- First Look: BLM’s New Fracking Rule ProposalAn early look at the Bureau of Land Management’s (BLM) proposed new rule governing hydraulic fracturing on federal and Indian lands shows the challenge of trying to create a new rule that doesn’t just add regulation on top of effective state rules already in place. Certainly, BLM’s aim with this rule, compared to a previous version, was to take hydraulic fra […]
- Study: No Groundwater Contamination from Arkansas FrackingThere’s no evidence of groundwater contamination from shale natural gas production in Arkansas’ Fayetteville play. So says a new study by a team of Duke University-U.S. Geological Survey scientists. Their key conclusions: "Our results show no discernible impairment of groundwater quality in areas associated with natural gas drilling and hydraulic fractu […]
- Energy Today – May 16, 2013Breaking Energy – Sieminski: U.S. Tight Oil Growth Helping Lower Global Crude Price U.S. tight oil production has helped to shave about $20-$25 per barrel from Brent crude oil prices, and continued output growth could further impact global pricing, says Energy Information Administration Administrator Adam Sieminski. E! Science News – Groundwater Unaffected […]
- Report: Big Job, Economic Numbers Would Accompany LNG ExportsKey findings in a new report by ICF International, analyzing the potential impacts of exporting U.S. liquefied natural gas (LNG): Jobs – Average net growth is projected to range from 73,100 to 452,300 between 2016 and 2035. ICF: This wide estimated range reflects the fact that the net job impacts will depend, in part, on how much “slack” there is in the econ […]
- Energy Today – May 15, 2013Washington Examiner – Fracking Could Create New Wealth for New York In a guest column, former Department of Labor Chief Economist Diana Furchtgott-Roth discusses the opportunities hydraulic fracturing could bring to New York state. “Using the Pennsylvania data to project fracking's effect on New York counties, I find that the incomes of those who live i […]
- Keystone XL and PossibilitiesLots to like in President Obama’s remarks earlier this week from New York: “When it comes to energy, not only have we been able to double our production of clean energy, but even in terms of traditional energy, we will probably be a net exporter of natural gas in somewhere between five and ten years. And so the idea of the United States being energy indepen […]
- Energy Today – May 14, 2013Energy Biz – Shale Gas Shifting Global Energy Map The global development of shale gas has the potential to boost worldwide natural gas supplies and help reduce market costs, writes Siemens Financial Services President Kirk Edelman. “For the U.S., the shale gas boom is still perhaps only a potential game changer, however, if realized, the economic benefits w […]
- The Ethanol-Gasoline Cost GapEthanol advocates often assert that ethanol costs less per gallon than gasoline while trying to justify the Renewable Fuel Standard (RFS). While it’s true that on a gallon-to-gallon basis ethanol historically has been cheaper than gasoline, ethanol contains far less energy than gasoline and therefore has cost consumers more to travel the same distance, as I […]
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.
