The U.S. will become a consistent net petroleum exporter late next year and will ship out more crude oil and liquid fuels than it imports by September 2020 and the net export total will surpass 1 million barrels a day by December 2020. That prediction released by the EIA earlier this week.
New Fortress Energy, an integrated gas-to-power LNG company formed by Fortress Investment Group, launched an IPO with plans to raise $400 million. In the proposed IPO, New Fortress plans to offer 22.2 million shares priced between $17 and $19 per share.
Texas State Senator Brian Birdwell, who is the Republican chairman of the Senate Committee on Natural Resources & Economic Development advised the Texas Pipeline Association against complacency simply because the Trump administration is oil-and-gas friendly. In particular, Birdwell wants to preserve the Texas emissions reduction plan run by the TCEQ.
Finally, FERC opened investigations and ordered hearings into three interstate natural gas companies to determine if the companies may be over-recovering their costs of service, resulting in unjust and unreasonable rates. FERC also found that nine gas companies have complied with the filing requirements of Order No. 849 and terminated their FERC Form 501-G proceedings without any further action.
It might be a ‘Green New Deal’ but it sure seems like a raw deal for both industry and consumers. Why Alexandria Ocasio-Cortez’s big idea is a big non-starter.
World energy demand is bound to be driven by population growth on the other side of the world from Washington, D.C., which seems narrowly focused on controlling energy consumption in the United States and Europe where, as data suggests, it’s already been falling.
Rep. Alexandria Ocasio-Cortez and Democratic Senator Ed Markey on Feb. 7 laid out the goals of a “Green New Deal” to achieve net-zero greenhouse gas emissions in 10 years, setting a high bar for Democrats who plan to make climate change a central issue in the 2020 presidential race.