Surrounded by disruptions of the Middle East oil supply and nuclear devastation in Japan, President Obama finally recognized the virtues of home-grown natural gas last week, labeling it “first” among the options available to shore up U.S. energy policy.
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No Tsunami Damage to Coastal California Nukes, Power Plants
While the West Coast of North America received a relatively light slap compared to the devastation in Japan following that nation’s worst-ever recorded earthquake and tsunami, California officials reported an estimated $50 million in damages, centered in two Northern California counties — Del Norte and Santa Cruz. The state’s string of coastal electric generation plants, except for the northern most at Humboldt Bay, reported no impact.
California Estimates $50M in Tsunami Damage; Power Plants Unaffected
While the West Coast of North America received a relatively light slap compared to the devastation in Japan following that nation’s worst-ever recorded earthquake and tsunami, California officials reported an estimated $50 million in damages, centered in two Northern California counties — Del Norte and Santa Cruz. The state’s string of coastal electric generation plants, except for the northern most at Humboldt Bay, reported no impact.
Ohio Lawmaker Pushes for Drilling Under Lake Erie
Skyrocketing energy prices combined with the hurricane devastation in the Gulf of Mexico are just the spurs needed for the state of Ohio to take another look at the possibility of drilling for natural gas under Lake Erie and on state-owned lands as well, according to an Ohio legislator.
PG&E to Build New CA Gas Transmission Pipeline to Storage
In the wake of the devastation left by the levee breaks in New Orleans, Pacific Gas and Electric Co. announced Tuesday that it would accelerate work on a 6.2-mile, $30 million natural gas transmission pipeline project in the flood-prone Sacramento Delta area east of San Francisco Bay. The PG&E utility now hopes to have the pipeline link to its major underground storage field completed next fall.
Industrial, Consumer, Gas Industry Groups Urge Congress to Lift Drilling Moratoria
One thing is clear from Katrina’s devastation of the energy industry: the nation’s energy infrastructure is too concentrated in one small geographic region and consumers are paying dearly for it, more than 100 businesses, industrial companies, and gas industry representatives told Congress Thursday in a letter.
CSU Forecasters Warn of Above-Average Hurricane Activity Yet to Come
While the country continues to focus on the devastation left in the wake of Hurricane Katrina, top storm forecasters William Gray and Philip Klotzbach of the Colorado State University (CSU) hurricane forecast team warned on Friday that the nation is not out of the woods yet, adding that new methodology for the calculation of onshore hurricane landfalls show that September and October could very well bring more mayhem to Florida and the Gulf Coast.
California Government, Utility Sources Provide Hurricane Relief Help
California’s governor and its largest utility pitched in Wednesday to provide help in the recovery effort in the wake of Hurricane Katrina’s devastation, and local governments quickly volunteered fire and public works personnel and equipment for the ravaged Gulf of Mexico coast in Louisiana, Mississippi and Alabama. On Thursday the governor added assistance from the California National Guard.
Large Cracks Form in the Ranks of Top Gas Marketers
Enron’s devastation has spread through the industry like the plague with many of the top gas marketers teetering on the edge of extinction in the third quarter. Some chose not to provide volume information to NGI out of what one analyst called “justifiable paranoia” over releasing any data in this time of extreme scrutiny by regulators and credit rating agencies. Meanwhile, others began to show steep declines in volumes that will surely grow exponentially next year.
Large Cracks Form in the Ranks of Top Gas Marketers
Enron’s devastation has spread through the industry like the plague with many of the top gas marketers teetering on the edge of extinction in the third quarter. Some chose not to provide volume information to NGI out of what one analyst called “justifiable paranoia” over releasing any data in this time of extreme scrutiny by regulators and credit rating agencies. Meanwhile, others began to show steep declines in volumes that will surely grow exponentially next year.