While the ban is considered to be a political success for Governor Cuomo, Orr explains how the state is going to miss out on economic opportunity and tax revenue.
Tagged: natural gas
Research Fellow Isaac Orr and his special guest David Quast from Energy In Depth discuss the flaws in the “science” used to justify the ban, the economic impact it will have for the citizens of New York, and the broader implications this ban could potentially have on the industry in other states.
Responding to the announcement by New York Governor Andrew Cuomo that the state would ban fracking, Ms. Noon joined others, bringing their expertise to bear on a topic that remains a concern only because environmentalist enemies of energy in America continue to lie about it every chance they get.
One of the lesser known attempts to prove that renewable energy, wind and solar power, can replace traditional energy sources–coal, oil, and natural gas–went belly up in much the same way current wind and solar companies depend on tapping the taxpayer for government subsidies in order to stay in business. Google’s Renewable Energy Cheaper than Coal initiative begun in 2007 and shut down four years later.
A couple of months ago, effective in November, National Grid, one of Massachusetts’ two dominant utilities, announced rate increases of a “whopping” 37 percent over last year. Other utilities in the region are expected to follow suit.
All this fuss over one buried gas transmission line, a minor addition to the 200,000 miles of such pipelines already transporting natural gas in the United States. The county has electric power lines that are more visually obtrusive and carry more soil erosion risk. We apparently accept those intrusions because we all plug into the wall sockets. The shale gas pipeline, however, will initially carry most of its gas to the cities of coastal Virginia and North Carolina, so it is resented here. Big mistake.
Everything you need to know about how perverse and dangerous the U.N. Intergovernmental Panel on Climate Change (IPCC) is summed up in its latest report. Released on November 2, it issued the same tired, old and untrue claims of “severe, pervasive and irreversible impacts for people and ecosystems”
The ballots have been counted and the winners declared, but perhaps most important of all, the campaign ads are over. Ads for candidates, ballot measures, and specific issues monopolized commercial slots over the past few months. One of the most important issues this election cycle was energy development, especially as it pertains to hydraulic fracturing, also known as “fracking.”
Thirty states, including Ohio, have renewable portfolio mandates. These laws require a certain percentage of electricity to be generated from renewable sources, primarily wind and solar power.
European Union nations want to impose tougher economic sanctions on Russia for invading Ukraine and providing the missiles that shot down Malaysia Airlines Flight MH17. However, they are worried about biting the hand that feeds them – with the natural gas that fuels much of its economy.
Thanks mainly to the shale revolution, oil production in the U.S. hit a 28-year high last month while imports were at their lowest levels since 1995. Consequently, prices have fallen 15% since June, and Saudi Arabia has cut production by 400,000 barrels a day — providing further evidence that OPEC no longer has the power to set prices.
On June 2nd of this year the Obama administration announced new regulations from the Environmental Protection Agency (EPA) with a goal of reducing carbon emissions over the next 15 years. These goals as outlined by the EPA in the Clean Power Plan impose significant restrictions on power plants already in existence, even natural gas plants. Power plants are cited by the EPA as the largest source of carbon pollution in the U.S., accounting for roughly on-third of all domestic greenhouse gas emissions.
Here in America and elsewhere around the world, Greens continue to war against any energy other than the “renewable” kind, wind and solar, that is more costly and next to useless. Only coal, oil, natural gas, and nuclear keeps the modern and developing world functioning and growing.
The 2014 US-Africa Leaders Summit hosted by President Obama this past week brought together the largest-ever gathering of African government officials in Washington, DC. They discussed ways to bolster trade and investment by American companies on a continent where a billion people – including 200 million aged 15 to 24 – are becoming wealthier and better educated.
Hydraulic fracturing, also known as “fracking,” is a technique for recovering oil and natural gas from shale rock formations once too costly to develop. The use of fracking is sweeping the nation, resulting in a surge in production that has made the U.S. the single-largest producer of both oil and natural gas in the world, a feat that was unthinkable just a decade ago.