The US Department of Energy announced conditional approval yeserday for 2 billion cubic feet per day of LNG exports from a proposed export project in Lake Charles, Louisiana to countries with which the US does not have a free trade agreement. This marks the third project obtain non-FTA export approval thus far. Proponents of unfettered… Keep reading →
The economic boom in oil and natural gas production resulting from advanced drilling technology lifted the US gross domestic product a full percentage point during the recent recession, says an IHS Global Insight expert, and it can continue to boost the economy for the foreseeable future.
John Larson, Vice President, Public Sector Consulting with IHS, said the fossil abundance unleashed by horizontal drilling and hydraulic fracturing also lowered energy prices enough in the recession that the average household saved $1,000 overall on what energy would have cost. Keep reading →
The US wind industry, seeking to prolong its decade-long construction boom, wants renewable energy subsidies added to any deal between Congress and the White House that extends a payroll tax cut through the rest of this year.
“This is our best chance to get this done,” says John Purcell, a vice president at Leeco Steel, a Chicago-area company that makes the steel used in wind-turbine towers. “It’s today, it’s this payroll tax cut bill.” Keep reading →
