Comment: Today Congressman Doc Hastings (NGP Photo) documents the Obama Administration’s action to close down oil shale development in Colorado, Utah and Wyoming. We have come to expect anti fossil fuel, anti economy, anti job initiatives from the Obama Administration. But today we hear Aubrey McClendon (NGP Photo) of Chesapeake Energy Corp and Michael Brune of the Sierra Club joined forces to — in effect — fight the coal industry’s huge contribution to the low cost of electrical power production throughout the U.S. After accepting McClendon’s $26 million to oppose the coal industry, Brune now says, "It’s time to stop thinking of natural gas as a ‘kinder, gentler’ energy source." We suggest that fossil fuel consumers, producers and transporters, Mr. McClendon, would be better advised to hang together than be hanged separately. Lastly, we lament the dastardly, anti-industry tactics of the Rockefeller Brothers Fund: Canadian news channel Sun News uncovered a PowerPoint presentation from the Rockefeller Brothers Fund detailing its work with other groups to derail the Keystone XL pipeline and other similar projects it deemed parts of “a globally significant threat.” The presentation, written in 2008, describes the allocation of $7 million to environmental non-profits for tactics that include the use of the legislative and legal systems to delay or derail energy production in the United States and Canada, and to “raise the costs” of energy in both nations. Below is a discussion of that presentation. -dh
• Energy Secretary Chu says exporting a small amount of U.S. natural gas would help boost the nation’s economy.
• Too much natural gas in storage when the spring refilling season starts next month could create problems for the market.
• The Sierra Club accepted $26 million from natural gas producer Chesapeake Energy subsidiaries and executives while the environmental group was running an anti-coal campaign.
• Canada’s National Energy Board has approved a small LNG project at Kitimat, B.C.
• Nigeria moves a step closer to its second LNG export plant.
Tax reform critics are continuing to try and bluff their fellow Alaskans into believing the state’s oil tax regime is competitive. For the sake of Alaska’s economic well being, they should start being honest about the cards we’re playing. The fact is lawmakers are playing ACES high. One of the bedrock arguments proffered by critics who oppose reforming oil taxes is that compared to other oil producing regions, Alaska is right in the middle. This is false. *** o put this into perspective; we’re expecting Alaska’s producers to invest billions to increase oil production, under the highest tax structure in North America as well as the fifth highest in the world.
Near-term pipeline plans grow, longer-term projects sag, Oil & Gas Journal, By Christopher E. Smith. Planned pipeline construction to be completed in 2012 rose 6.7% from the previous year, with increases in planned crude and natural gas pipelines more than countering sharply reduced products pipeline construction plans.
Russia’s Gazprom says unable to pump extra gas to Europe, Yahoo!7 News, Men work on a gas pipeline in northern Russia. Gazprom said on Saturday it could not pump additional gas to Western Europe amid a cold snap, after EU officials and energy firms said the Russian giant’s deliveries had dropped in several states.
CEA hosts Colorado Energy Summit at the CO School of Mines in conjunction with the Colorado Farm Bureau and the Colorado Oil & Gas Association from 1pm MT to 5pm MT. Contact Andrew at abrowning@consumernergyalliance.org for more information.
Tuesday, February 7th
House Energy & Commerce will mark-up H.R. 3548 legislation on the Keystone XL Pipeline. Visit the Committee’s website for more information.
House Natural Resources hearing on "Water for our Future and Job Creation: Examining Regulatory and Bureaucratic Barriers to New Surface Storage Infrastructure" at 10am ET in 1324 Longworth HOB.
Administration’s action
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Natural Gas Transportation System: 
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