Security

Independent oil billionaire T. Boone Pickens said last week he was heartened by President Obama’s remarks on energy security and predicted the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) would pass Congress with strong bipartisan support and be signed into law by Obama by year-end.

Independent oil billionaire T. Boone Pickens said Wednesday he was heartened by President Obama’s remarks on energy security and predicted the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) would pass Congress with strong bipartisan support and be signed into law by Obama by year-end.

In a major speech on national energy security Wednesday, President Obama promoted natural gas as a way forward for the United States and said he has directed Energy Secretary Steven Chu to work with other agencies, the natural gas industry, states and environmental experts to improve the safety of hydraulic fracturing (fracking).

The Gulf of Mexico (GOM), despite the setbacks in the past year, is one of the world’s great producing regions, and an increasing proportion of activity and production will happen in ultra-deep waters, requiring “constant activity, new capital investment and the participation of a set of large and small companies,” PFC Energy said Friday.

Burgeoning gas supplies from shale plays are a boon not just to producers and domestic energy security hawks; they’re bringing smiles to executives across the U.S. petrochemical industry, too.

Burgeoning gas supplies from shale plays are a boon not just to producers and domestic energy security hawks; they’re bringing smiles to executives across the U.S. petrochemical industry, too.

Interior Secretary Ken Salazar was called to task last week by House Republicans from two separate committees who want him to explain comments indicating natural gas drillers may be required to disclose hydraulic fracturing (fracking) chemicals used to develop shale and tight gas on public lands.

The American Gas Association (AGA) partnered with the New York Society of Security Analysts (NYSSA) to host an “Outlook for the Natural Gas Industry” luncheon on Wednesday in an effort to extol the long-term virtues of natural gas, and to reveal the AGA’s agenda for the year. But if the questions asked by the attendees are any indication, then the investment community as a whole is quite concerned that the massive U.S. federal budget deficit may have dire taxation impacts on the U.S. energy industry.

The American Gas Association (AGA) partnered with the New York Society of Security Analysts (NYSSA) to host an “Outlook for the Natural Gas Industry” luncheon on Wednesday in an effort to extol the long-term virtues of natural gas, and to reveal the AGA’s agenda for the year. But if the questions asked by the attendees are any indication, then the investment community as a whole is quite concerned that the massive U.S. federal budget deficit may have dire taxation impacts on the U.S. energy industry.