China’s move to impose tariffs on U.S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale. Retaliating against new Trump administration tariffs on $200 billion in Chinese goods, China on Tuesday issued levies on $60 billion of U.S. products, including a 10% tariff on liquefied natural gas, known as LNG. Shares of... … [Read more...] about China Tariff Threatens U.S. Liquefied Natural Gas Boom
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Last Updated Mar 15, 2010 5:03 PM EDT supply more than a century of consumption, according to a recent IHS Cambridge Energy Research Associates report. Such a massive resource is a boon for U.S. automakers who want to develop natural gas-powered vehicles. Problem is, they're not interested. U.S. automakers' muted response during CERAWeek -- an annual oil, gas and power conference where the report was released -- stood out in an event that was dominated by talk of natural gas. Automakers at the conference see natural gas-powered cars and trucks more as a niche market. They certainly don't view natural gas as a game-changer, as it's been described by folks in the oil and gas industry. And no amount of natural gas seems to be able to change their minds. Just a few years ago, natural gas looked to be in tight supply, which would have left the U.S. increasingly reliant on imports. But improvements in technology have allowed producers to tap unconventional natural gas trapped in vast shale … [Read more...] about U.S. Automakers: Natural Gas? We Don’t Need No Stinking Natural Gas
Last Updated Oct 15, 2010 6:22 PM EDT Back in 2008, when gas was over $4 a gallon, T. Boone Pickens kicked off his effort to get the U.S. join the rest of the world in the move to natural gas vehicles, known as NGVs. His "Pickens Plan" involved using America's ample natural gas resources to power cars and trucks. Yet little has happened: Of the 11 million NGVs on the road today, all but 100,000 are outside America, mostly in Europe and Asia. Why is the U.S. so far behind? Answer: the federal government. Kick foreign oil for real President Nixon through President Obama, the U.S. still imports about two-thirds of its oil, mostly from nations that hate us. The need for alternatives, meantime, is growing. Disasters like the BP spill in the Gulf of Mexico, wars in the Middle East, diminished reserves, and the growth of India and China will all push up the price of oil. Which is why we now need a policy of cheap natural gas from Congress -- or at the very least, for lawmakers to get out … [Read more...] about The U.S. Needs Natural Gas Vehicles, So Why Can’t the Feds Get Out of the Way?
By Susan Abram | [email protected] | Daily News January 18, 2018 at 6:29 pm New regulations for California’s 14 natural-gas storage fields will improve safety, but facilities in the San Fernando Valley, Playa del Rey and Valencia pose higher health and security risks because they are located near large communities, a panel of scientists concluded in a report released Thursday. The nonpartisan California Council on Science and Technology released a three-part study – about 1,000 pages, all told – to answer three questions raised by Gov. Jerry Brown and Senate Bill 826 after the massive natural-gas blowout in Aliso Canyon in 2015: Do underground natural-gas facilities pose a risk to safety, health, the environment and the climate? Is natural gas needed through 2020? How does the state’s climate policies change the future need for underground gas storage? More than a dozen scientists and researchers worked with another 21 specialists. They examined … [Read more...] about Aliso Canyon, other California natural gas storage facilities are safer, but still pose risks, scientists say
OKLAHOMA CITY — Plunging temperatures over the past few weeks have led Americans throughout the country to crank up the thermostat and burn billions of cubic feet of natural gas. As a result, natural gas has been pumped from storage and transported throughout the country to meet surging demand. For the first week of the year, the country shattered the previous record for natural gas consumption, withdrawing 359 billion cubic feet of natural gas from storage to meet surging demand, the U.S. Energy Information Administration said. The withdrawal smashed the previous weekly record of 288 billion cubic feet set four years ago. The record natural gas demand sent spot prices for immediate delivery soaring, but had relatively little effect on medium- or long-term prices. Spot prices in Oklahoma and Louisiana surged to $6 or $7 per thousand cubic feet on the coldest days, but those prices jumped to as much as $175 in New York. “The system worked the way it was designed to … [Read more...] about Natural gas consumption breaks record