The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.
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FERC Not Out to Punish Over-Earning Pipes
FERC’s initiation of Section 5 investigations of three interstate natural gas pipelines last month was not the start of a campaign to punish “over-earning” pipelines, an energy analyst and a pipeline official said Wednesday (see Daily GPI, Nov. 20).
Super-Bearish Storage Likely to Punish Weekend Prices
With a southeastward-moving cold front starting to wipe out much of the eastern heat that had boosted prices as the week began, the cash market continued to decline Thursday except for some flat to barely higher San Juan/Rockies numbers. In most cases, however, the drops were smaller than those of the day before. Thursday’s losses tended to range from about a nickel to a little more than 30 cents, with the largest ones being recorded in the Northeast.
Murkowski: FERC Should Punish Utilities that Steal Power
Senate Energy Chairman Frank Murkowski last week took anothershot at what’s fast becoming his favorite target — FERC. Hechided the Commission for failing to take punitive action againstelectric utilities that “improperly” took power from the grid lastsummer, which lead to near-blackout situations in the Midwest.
Murkowski: FERC Should Punish Utilities that Steal Power
Senate Energy Chairman Frank Murkowski yesterday took anothershot at what’s fast becoming his favorite target — FERC. Hechided the Commission for failing to take punitive action againstelectric utilities that “improperly” took power from the grid lastsummer.