Clean Energy Fuels announced today that it is teaming up with GE to continue development of what Clean Energy calls "America's Natural Gas Highway." In particular, Clean Energy has agreed to buy two MicroLNG plants from GE Oil and Gas (with up to $200 million in GE financing), to be operational by 2015.
The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.
Anti-fracking sentiment in the Southern Tier was felt at the polls this week when candidates opposed to drilling were beaten up and down the ballot after intense campaigns, some that were framed as referendums on shale gas development.
A natural gas grid helped at least two large energy users -- New York University and Co-op City (a vast high-rise housing complex in the Bronx) -- stay warm and bright during Sandy because, to a significant extent, they can generate their own electricity and heat.
The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, Senator Ron Wyden, a top Democrat on the Senate Energy Committee, said on Tuesday.
More than 600 supporters of expanded natural gas drilling in New York marched to the west side of the Capitol Oct. 15 in protest of the state's current moratorium on high-volume horizontal hydraulic fracturing.
Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.
Many observers, especially those in the political mainstream, are waiting to see if the governor is so easily influenced by a politically important minority that he is willing to forgo an entire industry that will benefit large swaths of New York and its neediest residents. While national politicians have a knack for pandering, very few have turned down the levels of economic activity that hydraulic fracturing is expected to provide.
Several hundred supporters of hydraulic fracturing marched outside of the state Capitol on Monday in an attempt to dial up pressure on Gov. Andrew Cuomo. A host of landowner groups and representatives from the natural-gas and construction industries joined Southern Tier elected officials at the rally. Most expressed their displeasure with a recently announced delay to a decision on whether to allow high-volume hydrofracking to proceed in New York.
U.S. natural gas prices escaped a rout this summer as record heat helped reduce towering inventory levels. This winter, fierce cold will be needed to help absorb the newest barrage of supply that will again test the limits of an over-supplied market.