“There are no scenarios that I see where anything is going to stop [the United States] from reaping the benefits of unconventional energy resources,” a Houston-based energy attorney said.
Scenarios
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North American Unconventionals Shifting Global Energy Trade, Says IEA
The United States will become the top producer of oil globally within five years, a net exporter of natural gas by 2020 and an oil exporter by close to 2030, all thanks to its massive unconventional resources, the International Energy Agency (IEA) said Monday in its annual flagship publication, the World Energy Outlook (WEO).
Shale Gas Industry Facing ‘Period of Great Uncertainty,’ Says Expert
The world shale gas industry has undergone big changes industrywide in just a year’s time and it still faces a “period of great uncertainty and policy challenges,” an energy expert said Tuesday.
Oregon Governor Creates Energy Planning Council
In a region conflicted between its past and future energy scenarios, Oregon’s Gov. Ted Kulongoski has signed an executive order creating the Oregon Energy Planning Council to sort through a complex set of strategies involving new natural gas sources, more renewable-based electricity and a greater reliance on energy efficiency and conservation.
Futures Finish Week Higher as Traders Eye Iran, Hurricane Forecasts
With doomsday hurricane scenarios scaring natural gas traders into higher prices and concerns over Middle East unrest still seeping over from the crude trading pit, May natural gas futures finished the week on a strong note by closing at $7.730, up 12.1 cents on the day and 46.1 cents higher than the previous week’s close.
FERC on Katrina Shut-ins: It Could Have Been Worse
While Hurricane Katrina was one of the most destructive natural gas disasters to strike the United States, it did not cause the worst-case type of scenarios with respect to natural gas production, according to FERC’s Office of Market Oversight and Investigations (OMOI).
Hydrogen Still ‘Fuel of Future,’ But When and How Unknown
There are as many scenarios as there are proponents for hydrogen’s future dominance as a clean transportation and domestic energy source, and its long-term future is assured if the current political, environmental and regulatory backing it enjoys stays committed as it appeared to be during the National Hydrogen Association’s 15th annual conference in Los Angeles April 26-29. If there are skeptics, they are in the minority, and in the academic arena.
Study Measures Price Impact of Pipe Expansions
A study released Monday by Energy ERA, a Calgary-based energyconsulting firm, estimated that two scenarios involving differentpipeline expansions – one involving Vector and Millennium andanother involving Independence and MarketLink-from the Midwest intothe Northeast will have the same spot price impact. Both wouldcause an average $0.30/MMBtu price decline in New York Citygateprices over the next five years.