Combat

A greenhouse gas (GHG) emission policy eventually will be enacted in the United States, and combined with efforts to combat emissions around the world, natural gas is a “clear winner,” the president of ExxonMobil Gas & Power Marketing Co. said Wednesday.

A greenhouse gas (GHG) emission policy eventually will be enacted in the United States, and combined with efforts to combat emissions around the world, natural gas is a “clear winner,” the president of ExxonMobil Gas & Power Marketing Co. said Wednesday.

It is clear that the widespread producer cutbacks that began last fall to combat falling prices have not yet translated into reduced natural gas supplies as production in the Lower 48 states was 63.01 Bcf/d in January, down 0.29 Bcf/d, or half of a percent from December, but up 2.7 Bcf/d, or 4.5% compared with January 2008, according to Energy Information Administration (EIA) estimates released Thursday. In longer-term projections also released last week EIA forecast rapid shale growth but a lesser role for imports of liquefied natural gas (LNG) in coming decades.

It is clear that the widespread producer cutbacks that began last fall to combat falling prices have not yet translated into reduced natural gas supplies as production in the Lower 48 states was 63.01 Bcf/d in January, down 0.29 Bcf/d, or half of a percent from December, but up 2.7 Bcf/d, or 4.5% compared with January 2008, according to Energy Information Administration (EIA) estimates released Thursday.

A cornerstone of the much-promoted plan by oil and gas billionaire T. Boone Pickens to relieve American dependence on foreign oil and combat climate change calls for natural gas to be widely used as a transportation fuel, particularly by the long-haul trucking industry. However, cost, infrastructure and logistics challenges make such a goal highly problematic, according to trade group American Trucking Associations (ATA).

A cornerstone of the much-promoted plan by oil and gas billionaire T. Boone Pickens to relieve American dependence on foreign oil and combat climate change calls for natural gas to be widely used as a transportation fuel, particularly by the long-haul trucking industry. However, cost, infrastructure and logistics challenges make such a goal highly problematic, according to trade group American Trucking Associations (ATA).

Key House energy lawmakers expressed support for the Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) working together to combat manipulation in energy markets, saying that their jurisdictional authorities were complementary.

Exelon Corp. has long supported the move to combat greenhouse gas emissions (GHG), and it remains committed to building more nuclear power projects in the United States. The buildup of nuclear power, however, won’t dampen the use of natural gas as a generation fuel, CEO John Rowe said last week. “Natural gas has become something of a bitch goddess. She’s still queen.”

Exelon Corp. has long supported the move to combat greenhouse gas emissions (GHG), and it remains committed to building more nuclear power projects in the United States. The buildup of nuclear power, however, won’t dampen the use of natural gas as a generation fuel, said CEO John Rowe Wednesday. “Natural gas has become something of a bitch goddess. She’s still queen.”