While the majority of U.S. primary energy production comes from fossil fuel resources, the bulk of the energy tax breaks have gone to support renewable fuels in the past two years, according to a new analysis by the Congressional Research Service (CRS).
Articles from Comes
Government and industry sources have grossly overstated future natural gas supplies in the United States, basing their estimates on unrealistic growth in supplies from shale gas plays, according to a report released Thursday by the San Francisco-based Post Carbon Institute, a nonprofit organization that promotes sustainability.
Methane leaked during shale natural gas drilling and production activities is more than what comes from wells in conventional plays and is a more serious threat to global warming than carbon dioxide (CO2) released from coal, according to research conducted at Cornell University. However, the natural gas industry slammed the findings on multiple fronts and said the study author is an “anti-natural gas activist” who is attempting to “smear shale gas.”
Regulators must take a harder line when it comes to natural gas drilling’s effects on Texas’ environment, and the Railroad Commission of Texas (RRC), “long the oil and gas industry’s lapdog, must become a watchdog,” as activity in the Eagle Ford Shale increases, according to a report released Thursday by Earthworks’ Texas Oil & Gas Accountability Project (OGAP).
Among natural gas shale plays, the Barnett Shale in North Texas is getting a bit long in the tooth, but it can hold its own with the nation’s other shale plays when it comes to proved reserves.
First Energy Capital analyst Martin King — who is considered to be one of the best when it comes to anticipating movements in the North American natural gas market — has shifted to a much more bearish price stance for North American gas prices in the short, medium and long term compared to his previous price forecasts.
First Energy Capital analyst Martin King — who is considered to be one of the best when it comes to anticipating movements in the North American natural gas market — has shifted to a much more bearish price stance for North American gas prices in the short, medium and long term compared to his previous price forecast.
“Terrific” may not be the first word that comes to mind when describing the economy in 2009, but for investors in natural gas and oil stocks, last year was absolutely divine, with nearly 85% of the stocks in the global market delivering positive returns, according to a report issued last week by energy research firm IHS Herold.