FOSSIL FUELS
The U.S. natural gas export trend continues thanks to increases in liquefied natural gas export capacity and expansion of the cross-border pipeline network into Mexico, according to a Jan. 7 report from the U.S. Energy Information Administration. In 2017, the U.S. became a net exporter of natural for the first time since 1958. The agency…...
The Maryland Board of Public Works on Jan. 2 unanimously rejected a permit for Columbia Gas Transmission LLC to build a pipeline across the state to transport natural gas from Pennsylvania to West Virginia. Republican Gov. Larry Hogan joined Comptroller Peter Franchot and Treasurer Nancy Kopp to vote against an easement required to install a…...
The U.S. shale revolution which kicked off a decade ago ushered in a new era for natural gas which has reshaped the power grid overtaking coal as the dominant source of electricity generation and established a thriving market for liquefied natural gas exports. The U.S. has remained the world's top producer of natural gas since 2009, and natural gas accounts for a third of all U.S. electricity generation. Last year, the U.S. became a net natural gas exporter for the first time in almost 60 years. The trend is expected to continue with growing production, increasing export capacity, and expanding gas infrastructure.
U.S. crude oil exports are growing and reaching an increasing number destinations since the removal of the export ban in December 2015. Exports almost doubled from 2016 to 2017, thanks to growing U.S. production, expansions in pipeline and export infrastructure, and a wider discount of the domestic crude oil prices to international prices. U.S. production surpassed that of Russia in June and August, for the first time since 1999, after beating Saudi Arabia in February. Several pro-oil policies implemented recently by the Trump Administration seek to continue the bullish trend.
The low price of natural gas makes it the go-to choice for ensuring reliability in several states where renewables have captured a large market share. On the other hand, the dominance of natural gas in the power sector is facing a backlash in states that are aggressively pushing for renewable resources. In both cases, however, regulators have become increasingly more concerned about grid reliability as the share of natural gas in the fuel mix continues to grow.
To overcome protests against oil and gas pipelines, at least 8 states are advancing bills creating new penalties for disrupting pipeline operations. Despite the Trump administration's moves to support pipeline developers, the opposition - consisting of environmentalists, landowners, and a few state governments - has dramatically slowed down some projects.
The Trump administration is seeking new avenues to revive coal and nuclear, such as research to diversify coal use and design new reactors. Although new technologies may slow the downturn of coal and nuclear, hopes of a renaissance remain dim as the industries lose out to cheaper, cleaner, and more efficient resources.
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The Trump administration is seeking new avenues to revive coal and nuclear, such as research to diversify coal use and design new reactors. Although new technologies may slow the downturn of coal and nuclear, hopes of a renaissance remain dim as the industries lose out to cheaper, cleaner, and more efficient resources.
Federal agencies have reacted quickly to President Trump’s executive order, issued in March 2017, on reducing undue burdens on domestic energy production. On February 16, the Department of the Interior (DOI) announced the date for the largest sale of oil and gas leases in U.S. history. Scheduled for March 21, the sale will include all available areas in federal waters of the Gulf of Mexico. However, over the past year, the administration’s push for deregulation has prompted numerous legal challenges creating uncertainty in the industry.
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Federal agencies have reacted quickly to President Trump’s executive order, issued in March 2017, on reducing undue burdens on domestic energy production. On February 16, the Department of the Interior (DOI) announced the date for the largest sale of oil and gas leases in U.S. history. Scheduled for March 21, the sale will include all available areas in federal waters of the Gulf of Mexico. However, over the past year, the administration’s push for deregulation has prompted numerous legal challenges creating uncertainty in the industry.
The Federal Energy Regulatory Commission (FERC) has approved the controversial Atlantic Coast and Mountain Valley pipeline projects denying requests for broader reviews and evidentiary hearings. Recent setbacks due to state decisions and court rulings have now drawn attention to state battlegrounds in pipeline approvals. FERC's apparent inclination to supplant state decisions adds to concerns over jurisdictional issues.
This content requires that you purchase additional access. The price is $99.00.
The Federal Energy Regulatory Commission (FERC) has approved the controversial Atlantic Coast and Mountain Valley pipeline projects denying requests for broader reviews and evidentiary hearings. Recent setbacks due to state decisions and court rulings have now drawn attention to state battlegrounds in pipeline approvals. FERC's apparent inclination to supplant state decisions adds to concerns over jurisdictional issues.
