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California Regulators Sued Over Fracking Risks

Environmental groups on Tuesday filed a lawsuit in California claiming that state regulators had failed to “consider or evaluate” the risks of hydraulic fracturing (fracking) as required by the California Environmental Quality Act (CEQA).

October 18, 2012

Senate Republicans Oppose Executive Order on Cybersecurity

A group of six Senate Republicans has called on President Obama to not issue an executive order on cybersecurity involving U.S. government and national critical infrastructure, such as natural gas and electric transmission facilities, arguing that the legislative process is a better way to enhance cybersecurity (see Daily GPI, Sept. 13).

October 8, 2012
DRBC New York Lawsuit Dismissed, But Environmental Assessment A Question

DRBC New York Lawsuit Dismissed, But Environmental Assessment A Question

A lawsuit that sought an extensive environmental review of hydraulic fracturing (fracking) in the Delaware River Basin by the State of New York and a coalition of environmental groups has been dismissed by a federal judge. However, the ruling left open to question whether an environmental assessment of the basin may be required in the future.

September 26, 2012

Industry Brief

Without counting the ongoing switch to alternative transportation fuels such as natural gas, nearly 80% of current oil consumption used for transportation worldwide could be eliminated in the next 40 years through aggressive fuel efficiency programs, according to two reports released in Paris by the International Energy Agency (IEA), an autonomous nonprofit organization. The IEA reports conclude that the “right policies and technologies” could improve vehicular fuel efficiency by 50% by the middle of the century. According to the IEA, the transportation sector accounts for 20% of world energy consumption and increased demand in the sector is expected to comprise all future growth in oil use globally. However, the reports contend that there is “massive potential” for fuel efficiency improvements to reduce transport fuel demand. One report, “Technology Roadmap: Fuel Economy for Road Vehicles,” outlines technologies to make vehicles much more efficient by 2030, and the second, “Policy Pathway: Improving the Fuel Economy of Road Vehicles,” outlines policy changes in fuel economy labeling, standards and fiscal policies.

September 25, 2012

Permian Basin Species Being Considered for Protection

The U.S. Fish and Wildlife Service (FWS) is proposing to protect six species of aquatic invertebrates native to West Texas as endangered under the Endangered Species Act (ESA). Such an ESA listing could have implications for the West Texas oil patch, analysts warned.

September 4, 2012

Senator: Peregrine Raises Questions About Self-Regulatory Groups

Sen. Tom Harkin (D-IA) Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.

July 18, 2012

Marcellus-to-Midwest Project Mulled by Texas Eastern

Spectra Energy’s Texas Eastern Transmission LP is holding a nonbinding open season through July 31 for firm capacity on its Uniontown to Gas City (U2GC) Expansion Project, which offers shippers a new firm path from the Marcellus Shale in west Uniontown, PA, to the pipeline’s existing interconnect with Panhandle Eastern Pipeline near Gas City, IN.

July 9, 2012

$1 Gas Prices? Maybe Not So Bad, Says EnerVest CEO

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said last week at Bentek Energy’s Benposium in Houston.

May 21, 2012

$1 Gas Prices Might Help Industry, Says EnerVest CEO

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012

EnerVest CEO Advises NatGas Peers to ‘Conspire to Constrain Supply Growth’

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012