Study Predicts Future for U.S. as No. 2 Economy, but Energy Independent
Dec 11 2012(The New York Times) WASHINGTON — A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader, bolstered in part by an era of energy independence. Russia’s clout will wane, as will the economic strength of…
Statement by Railroad Commission Chairman Smitherman on Today’s Rule Amendment Adoption Allowing Indoor Residential Natural Gas Vehicle Refueling
Dec 4 2012AUSTIN, TX (Dec. 4, 2012) – The Railroad Commission—the state’s chief energy regulator— today adopted an amendment to existing regulations to facilitate the installation of residential natural gas refueling inside a garage or building, with certain specific safety requirements. This amendment removes unnecessary regulatory hurdles to help increase the public’s use of natural gas-powered vehicles….
Driven by Oil Shale Economics, Natural Gas Prices Primed for Slow and Steady Rise
Dec 4 2012(Forbes) – Much has been written about the Marcellus shales, the largest shale gas field in the US. The rapid drilling program has been responsible for a supply glut, which drove spot prices down this year as low as $2.00 per mmBtu. Since then, prices have recovered somewhat, to the $3.75 range. Until recently, it…
U.S. Energy Revolution Transforms Climate Debate
Dec 4 2012(CNN) – The last few years have seen the beginnings of an energy revolution in the U.S. The coming of shale gas and now shale oil has transformed not just its energy outlook, but also the climate change debate. The game has changed: Energy independence, the goal first set by Nixon in the early 1970s, looks…
Shell to Offer LNG to Power Ships, Trucks on Cheap U.S. Gas
Dec 4 2012Shell to Offer LNG to Power Ships, Trucks on Cheap U.S. Gas By Eduard Gismatullin - Dec 3, 2012 7:37 AM CT Royal Dutch Shell Plc (RDSA) is expanding plans to make liquefied natural gas a fuel for ships and trucks as Europe’s largest energy producer looks to profit from the cheapness of U.S. gas compared with oil. Shell,…