Energy Independence For States
Jobs and The Economy
Stephen Harper
Texans Are Baffled by the Keystone Decision
China will get the oil from Canada that could have come to the U.S.
By RICK PERRY
Canadian Prime Minister Stephen Harper was in Beijing recently signing an agreement and touting his country’s growing energy partnership with China. Continue reading
Refinery Closures Lead to Rising Gas Prices and Job Losses
Refinery Closures and the Keystone Pipeline
There have been several announcements in recent months of refinery closures that will likely impact gasoline supplies (and prices) on the East Coast. Continue reading
Oil pipeline is a high-stakes chess game
It is one of the biggest chess pieces imaginable — almost 1,700 miles long — and yet Washington politicians keep moving it around as if it were a mere pawn in their unending game of partisan maneuvering. Continue reading
Keystone XL Pipeline Seen Moving Ahead on Alternative Route
Jim Efstathiou Jr., ©2012 Bloomberg News
TransCanada Corp.‘s $7 billion Keystone XL oil pipeline still will move ahead with an alternate route after President Barack Obama’s decision to deny a permit, investors, public officials and analysts say. Continue reading
Redford in war of words with NDP over anti-Keystone trip to U.S.
Redford in war of words with NDP over anti-Keystone trip to U.S.
OTTAWA — Premier Alison Redford found herself Thursday embroiled in war of words with the federal NDP as she joined her federal Conservative counterparts slamming official Opposition MPs for travelling to Washington to speak to U.S. lawmakers against the Keystone XL pipeline.
In Ottawa, Redford made the comments the same day she sat down with Prime Minister Stephen Harper in their first official meeting to discuss federal-provincial relations.
The two Calgary politicians, who’ve known each other for almost three decades, spoke about issues such as health-care funding, immigration and a new Canadian energy strategy. Continue reading
Keystone pipeline proposal pumps out more controversy
A major pipeline expansion project in the U.S. drew new criticism Thursday over potential job losses in Canada, threats to endangered species, and an emerging lobbying controversy.
By MIKE DE SOUZA, Postmedia News
Major labour unions representing oil workers told federal politicians they were opposed to the Keystone XL pipeline project that would link Alberta’s bitumen deposits to the Gulf coast of Texas.
They are urging Prime Minister Stephen Harper‘s government to focus on pipelines and electric grids that secure Canadian energy from east to west instead of shipping tens of thousands of jobs to refineries down south. Continue reading
FT Commodities News
- Vedanta sells landmark offshore bondIndian groups have already almost doubled the record full-year amount of debt raised offshore in 2011 when companies notched up a total of $3.3bn
- Silver’s slide shows hedging benefitsThe successful programmes may help convince sceptical miners and equity investors to seek protection against price declines
- 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
- Corn prices tumble amid intense plantingFall comes after the US Department of Agriculture said late on Monday US farmers planted 42m acres with corn last week, a record for a seven-day period
- BP increases challenges to oil spill payoutsOil group aims to stop what it believes are unjustified compensation payments under the settlement it agreed with victims of the 2010 Gulf of Mexico oil spill
- China reveals first carbon trading schemeChina’s first pilot carbon trading scheme will be launched on June 18 in the southern city of Shenzhen, the first of seven pilot schemes this year
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 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 […]
- 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 […]
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
- 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.
- 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 […]
- Consortium To Buy Two Units Of El Paso8:31 p.m. | Updated The El Paso Corporation agreed on Friday to sell its exploration and production businesses to a consortium led by Apollo Global Management for about $7.15 billion, striking one of the biggest leveraged buyouts since the end of the financial crisis.
- Deal Nears for El Paso Exploration UnitEl Paso is near a deal to sell its exploration and production businesses to a consortium led by Apollo Global Management for about $7 billion, in one of the biggest leveraged buyouts of the past 12 months.
- As Economy Goes, So Go Takeovers, Even as Bargains AboundMarket influences should be putting wind in deal makers' sails, but the Deal Professor says the overall trend is that of M.&A. rushing toward a cliff.
- The Advisers Behind Kinder Morgan's Deal for El PasoDespite being one of the biggest deals announced this year, Kinder Morgan's takeover of El Paso drew upon only a handful of advisers. One of them, Goldman Sachs, has ties to both companies.
- Consider Profits When Assessing I.P.O.’sAcross the board, valuations seem to be pinned on every company becoming a Google in its market, but there are relatively few consistent winners.
- El Paso Corp. to Spin Off UnitFollowing the example of other energy companies, El Paso said it would spin off its exploration and production business to shareholders.
- Three Natural Gas Traders Convicted in TexasAccording to the indictment, the men conspired to send fictitious price and volume reports on trades to two newsletters that publish indexes widely used to price gas.
- At Duke Energy and TXU, Profits Fell in 2nd QuarterDuke Energy, one of the largest electric power companies in the United States, said yesterday its second-quarter profit fell 17 percent after it spun off its natural gas business at the beginning of the year.
