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America’s Energy Mix
The Obama administration declared war on the coal industry. In a sustained assault that lasted for eight years, rhetoric, regulation and subsidies for renewables, all took their toll on the fossil fuel. Donald Trump offered a cessation of hostilities. This in turn contributed to his winning the coal producing states of Pennsylvania, Ohio, West Virginia… Read More
End of Cheap Gas?
The shale revolution resulted in a surplus of natural gas from both gas fields, such as Pennsylvania’s Marcellus shale, and oil fields, such as the Eagle Ford of South Texas. Predictably prices stabilized at modest levels and any temporary shortages were easily addressed by drawing down on inventories, or increasing production. However, this is all… Read More
New Gas Markets
As a result of the shale revolution, the U. S. is blessed with extensive, easily producible, natural gas reserves. This abundance, and proximity to markets, has enabled producers to react quickly to any surges in demand without prices spiking. However, producers, transporters and utilities are trying to further monetize these reserves by developing new markets,… Read More
Japan Imports First Shale LNG
Tokyo based JERA Company, the world’s largest importer of LNG (Liquefied Natural Gas), is a joint venture between Tokyo Electric Power and Chubu Electric Power. “Rigzone” reports that last week JERA announced that it has received its first cargo of liquefied shale gas. The shipment of 70,000 tons (3.45 billion cubic feet) left Cheniere Marketing… Read More
Gas Output to Drop
“Rigzone” reports that the U. S. Energy Information Administration (EIA) recently predicted that natural gas production in 2016 will drop for the first time since 2005. Back then, hurricanes Katrina and Rita damaged Gulf Coast energy infrastructure. That severely impacted natural gas production as 20% of dry gas output came from the Gulf of Mexico… Read More
