Coastal

Northeast Dives at Odds With General Firmness

Subfreezing lows will be left in the wake of an icy coastal storm moving out to sea, but Northeast residents will no doubt welcome the chance to finish cleaning up in relatively dry conditions after the devastating blizzards in the middle of last week. Thus Northeast citygates took nearly all of Tuesday’s price hits ranging from about 40 cents to the $1.50 area (the Florida citygate chipped in with a loss of about a nickel).

January 19, 2011

GOM Energy Assets Nature’s Biggest Potential Victim

The coastal region of the Gulf of Mexico (GOM) — historically America’s energy breadbasket — is subject to $350 billion of cumulative economic losses due to environmental degradation, particularly that caused by climate change, according to a new report sponsored by Entergy Corp., which counts the region as part of its backyard for operations.

October 25, 2010

Report: Energy Bears Brunt of Risk in Gulf Region

The coastal region of the Gulf of Mexico — historically America’s energy breadbasket — is subject to $350 billion of cumulative economic losses due to environmental degradation, particularly that caused by climate change, according to a new report sponsored by Entergy Corp., which counts the region as part of its backyard for operations.

October 21, 2010

Bill Would Raise Producer’s Economic Liability from Spill to $10B

As work continues to battle the oil spill in the Gulf of Mexico (GOM), Democratic lawmakers representing coastal states have introduced legislation that would raise the cap on an oil producer’s liability for economic damages from a spill to $10 billion from the current $75 million (see Daily GPI, May 4).

May 5, 2010

States Would Regain LNG Authority Under Senate Bill

Six Senate Democrats representing coastal states introduced legislation Tuesday to repeal the Energy Policy Act of 2005 (EPAct), which gave FERC the authority to determine the need for and location of liquefied natural gas (LNG) import terminals.

March 3, 2010

States Would Regain LNG Authority Under Senate Bill

Six Senate Democrats representing coastal states introduced legislation Tuesday to repeal the Energy Policy Act of 2005 (EPAct), which gave FERC the authority to determine the need for and location of liquefied natural gas (LNG) import terminals.

March 3, 2010

Market Sees Another Day of Mostly Small Gains

Despite moderate warming getting under way across much of eastern North America and in the southern, northern and coastal sections of the West, cash prices, with the support of a prior-day screen gain of 4.4 cents, still managed to find enough weather-based load — particularly in the Rockies — to record increases at a large majority of points Wednesday.

October 29, 2009

Poll Finds Majority Favors More Offshore, Onshore Drilling

Confronted with exorbitant gasoline prices, a wide spectrum of Americans are expressing support for oil and natural gas drilling in protected coastal and wilderness areas, according to a recent poll conducted by ABC News, Planet Green and Stanford University.

August 12, 2008

Fading Prospects for CA LNG Site Found in CPUC Denial

The lack of any sense of immediacy surrounding the building of a coastal LNG terminal in California was illustrated by the California Public Utilities Commission’s (CPUC) denial on June 21 of a request by the state’s major natural gas utilities to modify rules that could apply to connecting a terminal to the existing intrastate backbone transmission pipeline system and its ties to markets east of California.

July 2, 2007

Still-Dim Prospects for CA LNG Terminal Seen in CPUC Denial

The lack of any sense of immediacy surrounding the building of a coastal LNG terminal in California was illustrated by the California Public Utilities Commission’s (CPUC) denial on Thursday of a request by the state’s major natural gas utilities to modify rules that could apply to interconnecting a terminal to the existing intrastate backbone transmission pipeline system and its ties to markets east of California.

June 26, 2007