U.S. households are saving hundreds of dollars a year because natural gas prices are low, but that’s about to change. A study by NERA Economic Consulting has found new regulations on power plants mandated by the Environmental Protection Agency’s Clean Power Plan (CPP) will increase natural gas prices to 2007 levels, virtually guaranteeing these savings will soon be wiped out.
Tagged: natural gas
The Environmental Protection Agency’s new Clean Power Plan (CPP) requires that states reduce their electric utility sector carbon dioxide emissions an average of 32% below 2005 levels by 2030. EPA twisted 80 words in the Clean Air Act into 1,560 pages of regulations (plus appendices) demanding that utilities return CO2 emissions almost to 1975 levels, while our population grows by 40 million.
Sand from the upper Midwest is coveted for hydraulic fracturing. It is the right size, shape and cleanness (almost pure quartz). It is also highly resistant to crushing under immense pressure, acting as a network of pillars (think of the Parthenon) keeping open the tiny fissures made in the rock in the process of hydraulic fracturing, allowing the oil and natural gas to flow up from the rock deep underground.
In today’s edition of The Heartland Daily Podcast, Research Fellow Isaac Orr speaks with Holly Bellmund. Bellmund is president of Proppant Today LLC, a media, research and consulting company providing best-in-industry thought leadership into proppants and its effect within the unconventional oil and gas industries. Bellmund joins Orr dive into the workings of proppants and their uses in fracking.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Ron Muhlenkamp. Muhlenkamp, an investment manager and small farmer, has degrees in engineering from MIT and business from Harvard. Burnett and Muhlenkamp examine the virtues of natural gas as an energy source.
Gazprom, the Russian state-owned energy giant, has traditionally used its position as the second-largest exporter of natural gas to the European Union (EU) (Norway is the largest) as a means of flexing its political muscle, especially under the leadership of Russian President Vladimir Putin. But it appears Russia’s days as the energy bully may be coming to an end, as years of using energy as a blunt political instrument to advance the Kremlin’s agenda and disruptive new technologies for oil and natural gas extraction threaten Gazprom’s bottom line much like Uber and other innovative ride sharing companies have usurped market share from traditional cab companies.
The EPA released a study Thursday noting that hydraulic fracturing, or “fracking” does not cause widespread or systemic pollution to drinking water, contrary to what environmental activists have claimed.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Gary Stone. Stone is vice-president of engineering at FiveStates Energy in Dallas. In this podcast, Stone discusses the economic and political challenges that face the modern oil and gas industry.
Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.
In today’s edition of The Heartland Institute Daily Podcast, Research Fellow Isaac Orr speaks with Jessica Sena. Sena is the communications director at the Montana Petroleum Association. In this podcast, Sena gives listeners an inside look at what is happening in the Bakken region of North Dakota and Montana.
Hydraulic fracturing, also known as “fracking,” has made the United States the world’s leading producer of natural gas and oil. The country is producing record amounts of natural gas and crude oil production has increased by 80 percent since 2008. This increasing production has helped the United States drill its way to lower energy prices, which has resulted in large savings for every American, especially those who need it most.
As hydraulic fracturing and Canadian oil sands development sent North American petroleum production soaring, new pipelines were approved and constructed, including the Keystone system’s first three phases. They augmented 2.5 million miles of liquid petroleum, gas transmission and gas distribution pipelines that already crisscross the U.S.
While President Obama promotes renewable energy and members of Congress argue about energy policy, a renewable energy disaster is unfolding in Europe. Driven by a desire to halt climate change, Europe has created a high-cost energy system where everyone loses. U.S. policy leaders should learn from the debacle occurring overseas.
Democratic Party strategist Robert Weiner claims inexpensive domestic oil production via hydraulic fracturing will cause a new Great Depression, yet exactly the opposite is true. Writing in the Lynchburg, Virginia-based News & Advance, Weiner and his colleague Hannah Coombs strangely argue that Americans taking advantage of abundant, affordable energy resources is bad for the economy and will destroy our standard of living. In reality, Weiner and Coombs provide a perfect illustration about how anti-science, anti-fossil fuel hysteria drives leftist crusades against global warming, domestic oil production, and other asserted environmental causes.
In response to significantly lower oil and natural gas prices, America’s energy sector is retrenching rapidly. The drilling rig count has dropped by more than 50 percent over the past year, while companies large and small have announced sizeable layoffs and cuts in their capital budgets for 2015 and 2016. Nonetheless, several states, including Pennsylvania and Ohio, are considering imposing or hiking production taxes—called severance taxes—on oil and gas operators. These increases will be in neither the public’s nor the industry’s best interests
In today’s edition of The Heartland Daily Podcast, we listen in as Research Fellow Isaac Orr joins the Morning Martini show to discuss the politics and policies of hydraulic fracturing. Orr caught up with Morning Martini while attending the Wisconsin Conservative Action sideshow.
In today’s edition of The Heartland Daily Podcast, Research Fellow Isaac Orr and Research Fellow Bette Grande discuss earthquakes and their relationship with hydraulic fracturing. Grande also gives the listeners an inside look at the state of oil production in North Dakota as a result of low oil prices.
In Today’s edition of The Heartland Daily Podcast, Director of Communications Jim Lakely speaks with the Managing Editor of Environment and Climate News H. Sterling Burnett. Burnett and Lakely discuss a variety of environmental topics.
“Buy locally” is among the most foolish edicts in the long list of commandments from today’s environmental movement. Local sourcing is proposed by our universities as the solution for saving the rain forests, reducing pollution and halting global warming. We’d expect such advice from an out-of-touch grandparent, but not from our intellectual leaders.