Century

The shale revolution — first in natural gas and then in oil — has placed the United States at the beginning of an energy system turnaround in the 21st century; however, if the country is to benefit from its new-found energy wealth, government will have to get out of the way, John Hofmeister, founder and CEO of Citizens for Affordable Energy, told a Houston audience Wednesday.

The shale revolution — first in natural gas and then in oil — has placed the United States at the beginning of an energy system turnaround in the 21st century; however, if the country is to benefit from its new-found energy wealth, government will have to get out of the way, John Hofmeister, founder and CEO of Citizens for Affordable Energy, told a Houston audience Wednesday.

Billing its transformation away from coal-fired generation to more natural gas-fired power as a “21st Century model,” Rapid City, SD-based Black Hills Corp. said Wednesday its utility operations in Colorado would start the new year by firing up commercial operations of two new baseload gas-fired generation plants near the Pueblo, CO, airport.

The U.S. Chamber’s Institute for 21st Century Energy last Tuesday unveiled a five-part plan to tackle the major energy challenges outlined by business and community leaders.

The U.S. Chamber’s Institute for 21st Century Energy Tuesday unveiled a five-part plan to tackle the major energy challenges cited by business and community leaders.

Two bills aimed at revamping West Virginia’s quarter-century-old drilling regulations are slated for introduction in the state legislature this week. The measures, variously directed at water management and horizontal drilling, would also increase horizontal well permit fees from $400 to $10,000.

Despite heat levels due to approach the century mark or higher in much of the southern U.S. and reaching the 90 degree area in the Northeast and Midwest, the cash market shrugged off such forecasts in falling by mostly single-digit amounts Wednesday.

The next quarter century will bring moderate growth in U.S. energy consumption, strong growth in shale gas production and increased use of renewable fuels, the Energy Information Administration (EIA) said in its latest Annual Energy Outlook (AEO2010).

The next quarter century will bring moderate growth in U.S. energy consumption, strong growth in shale gas production and increased use of renewable fuels, the Energy Information Administration (EIA) said in its latest Annual Energy Outlook (AEO2010) Tuesday.