TODAY'S Alaska Gas Pipeline Federal Coordinator Office Energy Links:
ADN by Dermot Cole. Fairbanks Natural Gas said Monday it wants a 6.92 percent rate increase, filing a cost study and other documents with the Regulatory Commission of Alaska in which it makes the case that it should be allowed to collect $1.4 million more from its customers under standard utility practice.
TODAY'S Consumer Energy Alliance Energy Links:
NBC News: Main Street, Montana: Small Towns Pray for Keystone XL Pipeline
The town hangs like a charm on the proposed route of the Keystone XL, a pipeline that would double the flow of oil from Canada to American refineries in Texas. This $6 billion steel straw would dive under Montana, South Dakota, and Nebraska, before joining an existing southern leg that connects to the Gulf Coast. This alone requires hundreds of private land owners to sign off, no easy political feat. But because the pipeline also crosses an international border, it requires what has so far eluded TransCanada, the project’s developer: a presidential permit.
NBC News: Will Oil Save Main Street?
If TransCanada builds the Keystone XL pipeline, it could be an economic shot in the arm for these small towns in eastern Montana.
Associated Press: Oil rises on US, China factory strength
The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking four days of declines. The contract closed at a 10-month high of $107.26 on June 20.
Reuters: Oil falls back as Libya stokes supply hopes; Iraq stays on the radar
Brent futures slipped under $112 a barrel on Wednesday as Libyan rebels agreed to reopen two oil terminals, but lingering worries over the threat of a sudden worsening in the Iraq crisis stemmed further losses.
Associated Press: Colorado initiatives advance after ruling
Supporters of ballot questions to give more control to local governments over hydraulic fracturing will be able to turn in signatures for six different measures after rulings from the Colorado Supreme Court. Monday’ rulings mean that signatures collected for the initiatives can be turned in by the Aug. 4 deadline. The court ruled that the ballot questions accurately reflect what they intend to do and are not misleading.
Bloomberg: Bakken explorers told to cut flaring
North Dakota, the second-largest U.S. oil-producing state amid booming output from shale, plans to punish crude explorers that fail to curtail the burning of natural gas as waste.
CNBC : Gas prices too high? If not for shale, they’d be worse
Both the production and refining sides of the industry are contributing to a better supply environment, thanks to the oil shale boom and significant expansion of the U.S. refining industry in the last several years.
CBS News: New concerns arise over HF
The ongoing controversy over the method for removing oil and gas from unconventional, hard-to-reach underground deposits that's known as hydraulic fracturing, or "fracking," has some new data to chew on.
US News & World Report: Should Towns Be Able to Ban Fracking?
A New York appeals court ruled Monday that towns in the state may use local zoning laws to ban hydraulic fracking. In a 5-2 ruling, the state’s highest court upheld 2011 ordinances that prohibited shale gas drilling within the towns of Dryden and Middlefield.
International Business Times: Texas Now Producing As Much Oil As Iraq
Crude oil production in Texas doubled over the past three years to hit 3 million barrels a day in April for the first time since the late 1970s, nearly the amount that Iraq produces and 36 percent of total U.S. oil production, according to recent data from the U.S. Energy Information Administration.
Wall Street Journal: Wyoming Sticks by Coal Despite Emission Standards, Shale-Gas Boom
Coal is still king here in the heart of the state's Powder River Basin, where a column of trucks carrying freshly mined loads chug up a hillside outside town each day. So when talk at a local bar turns to new carbon emissions standards proposed in June by the Environmental Protection Agency—rules that would hit the coal industry hardest—patrons respond with a mixture of disbelief and defiance.
Washington Times: Shale development key to lowering emissions
America’s recent energy renaissance is the leading cause of what the rest of us see as good news. “The decrease [in CO2] from 2011 to 2012 was due to a decrease in the carbon intensity of fuels consumed by power producers to generate electricity due to a decrease in the price of natural gas,” the EPA concedes. None of this would have been possible without natural-gas extraction.
Oil & Gas Journal: EIA: Texas, N. Dakota provided nearly half of US crude production in April
Texas production reached 3 million b/d for the first time since the late 1970s, more than doubling production in the past 3 years. North Dakota production, meanwhile, surpassed 1 million b/d for the first time in the state’s history, almost tripling its production over the same period.
Christian Science Monitor: With North Dakota oil boom comes concern over spills
North Dakota Gov. Jack Dalrymple says he wants to vastly expand the oil pipeline capacity in his state. With oil production churning along at 1 million barrels per day, the boom may spark concerns about pipeline spills.
Corpus Christi Caller Times: Partnership to benefit Texas A&M-Kingsville's Eagle Ford Shale
Texas A&M University-Kingsville's Eagle Ford Shale Center for Research, Outreach and Education got a $30,000 boost Tuesday to help with startup costs. Dick Messbarger, executive director for both organizations said: “This donation will help fund applied research to result in new businesses and new jobs in Kingsville.”
Fayetteville Observer: N.C. activists expand anti-hydraulic fracturing campaign
Environmental groups in North Carolina have expanded their anti-shale campaign by targeting more lawmakers. Last month, a coalition of agencies, called the North Carolina Environmental Partnership, expanded its television, mail and online advertising to across the state.
Tribune-Review: Shallow drillers might get a break in Pa. law
State lawmakers are considering legislation that would direct regulators to establish separate rules for drillers tapping oil and gas in shallower wells above the more popular Marcellus shale.
Columbus Dispatch: Pipeline owners want to ship natural gas from Ohio back west
The owners of the Rockies Express Pipeline, which starts in northwestern Colorado and runs underground nearly 1,700 miles to eastern Ohio, have for the past five years used the pipeline to move gas from the Rocky Mountains to the Midwest.
Albuquerque Express: Should New York’s Town Fracking Ban Be Allowed Elseware?
A New York appeals court ruled Monday that towns in the state may use local zoning laws to ban hydraulic fracking. In a 5-2 ruling, the state’s highest court upheld 2011 ordinances that prohibited shale gas drilling within the towns of Dryden and Middlefield. Oil and gas company Norse Energy and New York dairy farm Cooperstown Holstein Corp. brought the case, arguing that only states have the authority to regulate hydraulic fracking. The court, however, said the two towns “acted within their home rule powers” to ban drilling.
Tulsa World: Oklahoma oil leaders respond to New York anti-fracking decision
Tulsa and Oklahoma energy industry leaders don’t seem too worried about a New York high court’s decision that allows municipalities to ban hydraulic fracturing in that state. This state’s historic bond with oil and gas drilling is too strong — and lucrative — to follow suit with the New Yorkers, they say. Oklahoma is one of the nation’s primary energy producers.
KVNF: Udall Campaigns On Western Slope, Talks Hydraulic Fracturing
Voters in Montrose met with U.S. Sen. Mark Udall (D-Colo.) at a campaign eventTuesday. Karen Nicholson said she came to hear what his "views about hydraulic fracturing are and what he thinks the next steps are for immigration reform."
NGP Readers Connect The Dots To Anticipate the Future: We Note US Financial Misstep Yesterday (scroll down) and Defense Vulnerabilities Today...With A Little Help From CBC. -dh
CBC by Brian Steward. ... Putin even seems determined to test spots along the vast North American Air Defense Identification Zone (ADIZ), which stretches out 200 miles, or 321 kilometres, beyond Canadian and U.S. continental borders.
U.S. jets intercepted Russian long-range bombers off Alaska and California this month, just the latest in an increasing number of confrontations off the Pacific coast.
Fairbanks News Miner, by Matt Buxton. Things were quiet out at Flint Hills Resources’s North Pole refinery on Friday. There were crews cleaning and dismantling Crude Unit 2, the last refining unit to close in May, but gone is the loud buzz of crude being refined into gasoline and jet fuel.
Commentary: FACTA and Energy
(We invite readers to correct any misunderstanding we may have and offer additions/corrections. We particularly invite comments regarding the effect of FACTA on energy companies/employees. Comment here.)
It isn't an energy issue, but, yet it is: we believe the United States will be receiving more and more negative reactions to its implementation of FACTA on and after July 2.
We won't bother to explain the Foreign Account Tax Compliance Act (FACTA) to those unfamiliar with it here, but we highly recommend that all NGP readers review this one account of Canadian reaction, from today's CBC News correspondent, James Fitz-Morris.
The United States can expect that this overreaching law will produce an equal and opposite reaction from countries everywhere, as we seek to impose duties on banks of other countries while reducing the freedom and privacy of American citizens.
If Canada reacts the way this article suggests, and if Canada is America's best friend and biggest trading partner, do we expect others involved in the use of American reserve currency dollars for facilitation of energy trading to be less offended and react with grace and forgiveness -- or with retribution?
Will America's perceived FATCA-arrogance affect the use of the US dollar as the world's reserve currency? If the US dollar's reserve currency status is diminished, how will that affect interest paid on the national debt, inflation burdens born by citizens and energy prices calculated in dollars?
If countries begin retreating from US relationships, how will this affect the ability and/or cost of US based energy companies and employees to operate worldwide? What about effects on US export trade? Imported product pricing? Tourism? Airline and ground transportation industries?
Will this untimely implementation of a FATCA financial fuselage on banking institutions worldwide improve our national security? Will it benefit our allies and soldiers in harms way from South Korea to the Middle East?
We hope Congress and the President have carefully considered their FATCA demands upon both American citizens and the financial institutions of the world. If not, they should quickly reconsider.
What are FATCA's chances of achieving a positive result in the long run?
In the short run, what are FACHA's chances of improving America's reputation, economy and national security?
We hope the geniuses whose hands are on the controls of our destiny have the answers and know where this financial adventure will take America and the rest of the world.
Today's Energy In Depth Links:
Scientists study seismicity in Okla. CBS. Energy in Depth told CBS News that "the best science available to us right now suggests strongly that hydraulic fracturing has nothing at all to do with these small seismic events." Austin Holland of the Oklahoma Geological Survey has documented only a small percentage of recent quakes with a link to fracking. So far, he said he hasn't been able to conclusively link the quakes to fracking or wastewater injections.
Major production milestone hit in Texas. Forbes, EID’s David Blackmon. Oil drillers in Texas reached a new milestone in April, by producing more than 3 million barrels of crude oil every day (bpd) during the month of April, which is the highest daily oil output in the Lone Star State in any single month since at least January 1981, when the EIA started reporting each state’s monthly oil production (see chart above).
Cambridge Kiwanians hear update on oil and gas. Daily Jeffersonian (sub req’d). "Ohio has always been a prolific oil and gas producer," Shawn Bennett, Ohio director for Energy In Depth, told Cambridge Kiwanians recently.
Industry, environmentalists fight over record transparency. Akron Beacon Journal. Energy in Depth is at odds with Food & Water Watch over what was found in Ohio state records released by the Kasich administration. Click here to read EID’s post on the F&WW records request.
Natural Gas reduces carbon emissions. Fayetteville Observer, Column. While there is room for debate about the president's overall climate plan, it is clear that the cornerstone of American energy policy and climate action is the shale (fracking) revolution. Indeed, substitution of gas for coal has already reduced U.S. carbon emissions by 15 of the required 30 percent since 2005. No other country has made this type of progress.
Hydraulic fracturing is shrinking carbon dioxide emissions. Seattle Times, Column. The U.S. is leading the world in reducing its carbon dioxide emissions. And those reductions are largely due to the innovation that is happening not in green energy, but in the oil and gas sector’s ability to produce hydrocarbons from shale deposits.
Shale's debt could get shaky if Fed raises rates. Houston Chronicle. Corporate bond investors, eager to buy high-yield bonds from U.S. independent oil and gas producers, have tripled the sector's junk-rated debt (formally called speculative-grade) to $788 billion since the shale energy surge began seven years ago. But next year, the Federal Reserve may tap the brakes.
Complex condensate. Houston Chronicle, Editorial. Our nation needs more leaders who can explain the nuances and cost-benefit analysis of fracking in an atmosphere all too often defined in black and white. The House passed a good bill, and the fact that Houston's own made it happen was the cherry on top.
Working together on energy needs. Washington Post, Column. Because of fracking, a method of extracting gas from shale rock formations, our region now gets most of its natural gas from neighboring states such as Pennsylvania and West Virginia, replacing supplies from the Gulf of Mexico.
US energy revolution will change life for the better. Albuquerque Journal, Op-Ed. Today, the nation is experiencing an energy renaissance that is helping American families by providing thousands of jobs and economic growth, lower energy costs and higher incomes. Energy production is one of our nation’s fastest-growing industries and an engine for economic growth in the U.S. for years – if not decades – to come.
GOP: Fueling the world. Washington Times. Sen. Lisa Murkowski is looking to help drive the natural gas export rush and maybe even turn some heads into considering shipping oil, despite pricing and environmental concerns.
Utility deals heating up with gas glut. Bloomberg. Electricity providers have attracted almost $50 billion in takeover offers this quarter, the most since the beginning of 2011, according to data compiled by Bloomberg. Cleco Corp., a $3.5 billion regulated power provider, this week became the latest utility to receive interest.
Half-Million Oil Barrels Bound for Export Erasing Glut. Bloomberg. As many as 500,000 barrels of light oil a day may be eligible for export under a new government classification, helping to soak up surging U.S. shale oil production.
Atop Sea of Oil in South Texas, Some Still Struggle. New York Times. The boom has both given and taken away. School officials bought 1,300 iPads, one for every student in the district. And there are jobs — well paid in the oil fields for some, marginal in fast food joints and cheap motels for others.
Abundant shale production also yields potential supply pinch for aromatics. Platts. The US petrochemical industry might be buzzing about all the cheap ethylene it can now make thanks to inexpensive ethane from shale gas plays. And while that certainly is helping position US polymer producers nicely in the global marketplace, there is another side to the shale coin.
Oil train dangers extend past Bakken region. Associated Press. The dangers posed by a spike in oil shipments by rail extend beyond crude from the booming Bakken region of the Northern Plains and include oil produced elsewhere in the U.S. and Canada, U.S. safety officials and lawmakers said.
Russia's quiet war against European HF. The Week Magazine. Russia is trying to maintain its energy stranglehold over Europe by backing movements across the continent to demonize fracking, the head of NATO alleged. It is part of Russia's broader use of soft power and covert means to complement its more overt efforts to reassert influence in Europe and keep countries there from developing alternatives to an energy addiction worth $100 million a day to Moscow.
Scotland shale reserves 'a fraction of those in northern England'. The Guardian. Shale gas reserves in Scotland are a fraction of those in northern England, according to a new study that will give a modest boost to backers of the energy source. NOTE: BBC News also reports.
Reassessing EU energy security. Cyprus Mail. The Russian Federation’s annexation of the Crimea has reawakened the spectre of EU energy security, bringing back memories of the 2006 and 2009 energy rows between Russia and the Ukraine.
Nova Scotia study looks at HF impacts. Cape Breton Post. A new study on the potential for hydraulic fracturing in Nova Scotia says there just isn’t enough research available to draw firm conclusions about the impact on communities.
Loveland vote shows Colorado is a model for energy dialogue. Denver Post, COGA. It is healthy to question the safety, effectiveness and logistics of oil and gas development in your community. When taken too far and driven by fear, however, this investigation can foolishly ban production of an energy resource that we all use every day. Armed with the facts about responsible energy development, Loveland voters last week rejected the politics of fear and took a stand.
Fears surrounding Rocky Flats a foreshadow of hydraulic fracturing. Denver Post, Op-Ed. Today's energy debate about which regulations will protect people and property values vs. which are job killing, un-American tree-hugger boogey men. I'm suspicious that the energy companies and the local politicians know as little about that as the Department of Defense, DOE, Rockwell and Dow did about plutonium fires.
In Idaho, waiting on the natural gas industry. Idaho Statesman. The access road next to their potato field was widened properly, she said, and will be available for the Shueys' use. "It has been amazing," Shuey said. "The people have been wonderful." Trendwell West reported this week that it had found natural gas, but not enough to make the well economic. Still, the firm is not leaving Idaho.
Shale supporters frustrated with delays. The Southern. When Gov. Pat Quinn signed the Illinois Hydraulic Fracturing Regulatory Act into law June 17, 2013, Joe Bisch had high hopes for Grayville, the small southeastern Illinois town where he serves as mayor. “This time last year, I thought hydraulic fracturing would have come to Grayville by now, along with jobs, businesses, economic growth. I thought hydraulic fracturing would be lifting us up,” he said of the town and its citizens.
HF: Boom or Bomb. Quincy Journal. When Gov. Pat Quinn signed the Illinois Hydraulic Fracturing Regulatory Act into law June 17, 2013, Joe Bisch had high hopes for Grayville, the small southeastern Illinois town where he serves as mayor.
New York Court of Appeals upholds rights of towns to ban natural gas drilling. Post-Standard. New York's highest court has upheld the bans on natural gas drilling passed by two small Upstate towns. It is a major decision for the future of hydrofracking in New York state, where the drilling process has been on hold for more than five years. The decision allows towns to forbid fracking and other forms of gas drilling within their borders.
Lawmakers want more taxes for Marcellus. Herald-Standard. Local lawmakers said they support levying severance taxes on the Marcellus Shale natural gas industry though no official proposals have been presented in Harrisburg.
Study assesses health implications of HF in Maryland. Cumberland Times-News. Public health officials on Saturday unveiled a recently completed study that assesses health implications of hydraulic fracturing as the governor’s office plans to make a decision by the end of the year on the future of the practice in Maryland.
IT advances benefiting the energy industry. Watertown Daily Times, Op-Ed. Thanks to information technology, U.S. oil and natural gas production is experiencing an astounding boom.
Just say no to a severance tax - but not for the reasons you might think. Patriot-News, Op-Ed. Those seeking to protect Pennsylvanians from the environmental and public health dangers of hydraulic fracturing shouldn't be fooled by the appeal of higher taxes on the extreme drilling process.
Leasing headed over the top. The Review, Guest Column. Mineral rights owners, take note: if you leased your gas and oil rights a few years ago and drilling hasn't taken place, then it is possible for you to cash in a second time on your holdings, as many of the Marcellus Shale leases signed throughout northern West Virginia a few years back soon will expire without drilling taking place.
Santarsiero seeks to protect state lands from drilling. The Intelligencer. State Rep. Steve Santarsiero is proposing new restrictions on natural gas drilling on state lands to protect Pennsylvania’s natural resources.
Bill banning waste in NJ sent to Christie. Star-Ledger. A bill championed by environmentalists and lawmakers from both parties that would ban the dumping of hydraulic fracturing waste in New Jersey is now headed to Gov. Chris Christie's desk.
Shale invigorating the US economy. Plain Dealer. In defense of shale development before a packed audience at the City Club of Cleveland, Thomas Farrell II, CEO of Dominion Resources, dismissed environmentalists, called wind and solar "niche players," and gave a full-throated argument that shale gas will not only make the nation energy independent but transform America into an "arsenal of energy."
Velocys buys Pinto Energy, companies working on Ohio gas-to-liquids plant. Crain’s Cleveland Business. Velocys, a Houston-based company that also has offices in Columbus, has acquired Houston-based Pinto Energy. The two are developing a $300 million plant in Ashtabula that will take natural gas from the Marcellus and Utica shale regions and convert it to diesel fuel.
Glitch sparks smoky fire at gas well. Columbus Dispatch. None of the 45 workers on site was hurt, state and oil-company officials said yesterday. One firefighter was treated for smoke inhalation. “All of the people are accounted for, and we’re not aware of any injuries reported. There probably are people being subject to examination, but it seems to be OK,” said Bjorn Otto Sverdrup, spokesman for Statoil North America, which operates the wells.
Norway's Statoil battling fire at Ohio well. Reuters. Norwegian energy firm Statoil is battling a fire at the Eisenbarth well pad in Monroe Country, Ohio, part of its shale gas operations in the Marcellus area, it said in a statement on Saturday. "There is a fire involving equipment on location," the firm said. "It is limited to surface equipment and does not involve the wells."
Fish kill might be linked to fire. Columbus Dispatch. The state is investigating a fish kill in an eastern Ohio creek near where a fire occurred at a shale-well hydraulic fracturing site on Saturday. The Ohio Department of Natural Resources learned yesterday of the fish kill in Possum Creek in Monroe County, said Jason Fallon, an agency spokesman. Fallon said he did not have details about the extent of the kill. “I can’t confirm if it’s related to the gas-well fire,” he said.
Feds target oil, gas industry pay. Longview News-Journal. . Andrea Johnson, a lawyer with Burleson LLP, a Houston firm specializing in energy, said the Fair Labor Standards Act is complicated and that when it comes to energy workers, many are well paid and might be exempt from overtime.
Crude Catering. Odessa American. More than 65 workers manned the well in Sallie 14-28H south of Odessa. There were the diesel suppliers, the wire-line contractors and the crew with Cudd Energy Services, among others who would develop the well in 42 stages to release the crude from shale rock. And then there were the three employees of Furr’s cafeteria. Because out on the oilpatch, the vendors and the vendors of vendors get hungry. This creates a niche that caterers increasingly seek to fill.
San Antonio energy tech company attracts high-profile investors. Houston Chronicle/Fuel Fix. Ed Whitacre, former chairman and CEO of AT&T and General Motors, has joined former Vice President Dick Cheney and Mexican billionaire Carlos Slim to invest in a San Antonio-based technology company that collects oil-field data.
Economic boom pounds Texas' roads. Standard-Producers. A Senate committee met last week and one expert talked about the conundrum of keeping up with transportation in Texas in general: Texas is booming, and that boom means a strain on roads, yet good roads are vital to a good economy.
Remaining poor while living atop a field of wealth. News-Journal. Texas has reaped tremendous financial benefits from oil and gas. But the poor in the colonias seldom own the leasing rights for the natural resources that lie under the ground they live on. One-third of Texas’ $48 billion in tax revenue last year came directly or indirectly from the oil and gas industry, said Bernard Weinstein of the Maguire Energy Institute at Southern Methodist University in Dallas.
The dark side of the ‘Texas Miracle’. Texas Tribune, Column. It’s hard to argue with the job creation numbers they tout. Since 2003, a third of the net new jobs created in the United States have been in Texas.
Point of Personal Privilege. Upon arriving at my first Alaskan Job with Alaska Methodist University in 1971 (i.e. now, APU), I was greeted warmly by a number of new friends.
One of those, was Walt Parker (NGP Photo, Circa. 2007), in whose company I spent hours discussing the future of Alaska, the relationship of Alaska's Constitutional principles to the state's prosperity, local land use planning in Anchorage, Alaska Native land claims and the importance of properly developing Alaska's natural resources.
It is, therefore, with sadness for loss of his presence on this earth but appreciation for having known him that I remember him in these pages, and offer heartfelt condolences to his accomplished daughter, Lisa, of whom he has been so immensely proud.
Mike Dunham at the Anchorage daily news has produced a marvelous synopsis of Walt's life, which may be found here.
Bloomberg. Michael Whatley (NGP Photo) called the Keystone XL pipeline a "vitally important" project that could bring discounted oil to U.S. refineries. ... Mark Rodriguez, president of the U.S. Hispanic Chamber of Commerce, also endorsed the project....
This morning, Chester Carson of Senator Lisa Murkowski's staff announced her release of this report that finds that the United States is the only advanced nation in the world with a ban on oil exports. The report – A Ban for One: The Outdated Prohibition on U.S. Oil Exports in Global Context – shows that of the 34 member countries in the Organization for Economic Cooperation and Development (OECD), the United States is the only member to prohibit oil exports.
Senate Energy and Natural Resources Committee ranking member Lisa Murkowski, (NGP Photo), called on the Obama administration on Tuesday to completely end restrictions on crude oil exports. "The rules remain outdated, nonetheless, and should be modernized," she said. Murkowski still lauded the Commerce Department's ruling to authorize condensate exports as a positive move to adapt policies to the current U.S. energy landscape. United Press International.
The Obama Administration has spent the last five and a half years placing our energy resources on federal lands and waters under tight lock-and-key.
Offshore areas have been placed off-limits, scheduled exploration off Virginia was canceled, and over half of the National Petroleum Reserve-Alaska (NPR-A) has been closed to energy production.
That’s why it’s no surprise that since President Obama took office, total federal oil production has dropped six percent and total natural gas production has dropped 28 percent. Meanwhile, gasoline prices have doubled during Obama’s presidency.
H.R. 4899 would reverse this trend and unlock our American energy.
The bill would implement a drill-smart plan that would expand offshore energy production and safely open new areas that contain the most oil and natural gas resources – such as the Mid-Atlantic, Southern Pacific, and Arctic. It would require the Secretary to conduct specific oil and natural gas lease sales, including offshore Virginia that was delayed and then canceled by the Obama Administration.
The bill would also establish fair and equitable revenue sharing for all coastal states and improve safety by reorganizing the Interior Department’s offshore energy agencies.
He says that pipeline won’t just open up new markets for Alberta crude — it will also benefit markets for new oil discoveries that might be tapped in NWT.
“We need to find markets for our oil and gas potential. The United States they have significant amounts of shale gas. Obviously we have to look at other markets. One of the ways is to look at Asia, China and those places.”
But Mcleod is cautious about the project, pointing out that the Mackenzie Valley gas pipeline was approved in 2011, but never built.
New petroleum office in Inuvik
McLeod made the comments during the opening of a new Petroleum Resources Division office in Inuvik, N.W.T. (Read More Here)
TODAY'S Consumer Energy Alliance energy links:
BuildKXLNow.org: Rural Texas Counties See Boost from Gulf Coast Pipeline construction
Construction from the Gulf Coast Pipeline brought $3.6 billion in new economic activity and $1.7 billion in wages for area workers, a new report prepared for Consumer Energy Alliance by the Maguire Energy Institute at Southern Methodist University finds.
BuildKXLNow.org: Oklahoma Economy Finds a Boost from Pipeline Construction
Oklahoma benefited from $2.1 billion in new economic activity and $72 million in local tax revenue from the 17 months of construction for the Gulf Coast Pipeline project, a new report released today from Consumer Energy Alliance.
Bloomberg: Incentives for Carbon to Help Keystone Bid, Canada's Liberal Party Leader Says
Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry.
The Hill: Landrieu to talk Keystone in White House meeting
Sen. Mary Landrieu (D-La.) said Wednesday that she plans to bring up the Keystone XL pipeline during a meeting with President Obama Wednesday evening.Obama will host the Senate Democrats for the meeting, which is expected to last for roughly an hour.
The Hill: McConnell pins blame on moderate Dems for no Keystone vote
Senate Minority Leader Mitch McConnell (R-Ky.) blamed moderate Democrats for the lack of a vote on building the Keystone XL pipeline. Earlier this year, Senate Majority Leader Harry Reid (D-Nev.) offered to hold a vote on Keystone in exchange for passage of an energy efficiency bill. Vulnerable senators up for reelection this year, such as Sen. Mary Landrieu (D-La.) pushed for the vote. But it ultimately never happened because of the larger disagreement over amendments.
E&E Publishing: Record-low number of Dems join GOP on pro-pipelines bill as 'energy week' continues
Seventeen House Democrats yesterday joined all but one Republican in voting to replace the presidential permitting process that Keystone XL has been mired in for years with a faster path to approval of energy infrastructure.
Williston Herald: Public Service Commission approves pipeline
The North Dakota Public Service Commission on Wednesday approved a permit for a new crude pipeline that will carry two times more oil than the proposed Keystone XL pipeline between Tioga and Grand Forks.