Burner tip. Credit: Shutterstock Natural gas prices for New Yorkers last February – particularly for commercial consumers – were the highest for that month in four years.[1] But by this past November, prices were the lowest for that month since the early 2000s.[2] What’s going on? And what should you do about it? Allow me… Keep reading →
With all eyes focused on falling oil prices for the past several months, the US natural gas market has often been overlooked. Not that it has done much from a price movement perspective in the past couple of years. Another cold blast of Arctic weather is headed for the Midwest and Northeast over the next… Keep reading →
The EU Commission yesterday released the first “Energy Security Stress Tests” in the wake of the Ukraine crisis. On its behalf, the European Network of Transmission System Operators for gas (ENTSOG) modeled two disruption scenarios for a period of one or six months: Complete halt of Russian gas imports to the EU Disruption of Russian… Keep reading →
Last winter’s unusually harsh weather drew down natural gas storage inventories well below five-year average levels and left the industry assessing the degree to which producers would replenish inventories ahead of heating demand season. With summer drawing to a close and roughly 12 weeks of injections remaining before estimated peak storage, analysts are predicting where… Keep reading →
The Rockies Express (REX) natural gas pipeline, originally designed to transport gas from production centers located in the western US, has reversed some of its flow capacity in the opposite direction as a result of booming gas production from eastern shale resources like the Marcellus. Initially, a lateral pipeline extension will ship moderate gas volumes… Keep reading →
On Tuesday, G7 energy ministers wrapped up a special meeting in Rome discussing how Europe, which relies on Russia for about one third of its natural gas supplies, could replace Russian natural gas. DW (Deutsche Welle) reports that the meeting of ministers from the US, UK, Germany, Canada, Italy, France, and Japan is “part of… Keep reading →
The New York Times’ Coral Davenport tally’s the emissions numbers on Keystone XL which show the oil infrastructure project would likely have a limited impact on climate change. The anti-Keystone movement largely acknowledges this, but says the fact that presidential approval is required makes it a potent climate change symbol that indicates the United States’… Keep reading →
New York Governor Cuomo yesterday announced awards totaling $4.3 million to 17 businesses that are helping reduce greenhouse gas emissions from transportation while increasing energy efficiency. “Transportation is responsible for three-fourths of the State’s fossil fuel use and 40 percent of greenhouse gas emissions. Since 1996, NYSERDA has provided $93 million to 246 businesses performing… Keep reading →
The apparent strong-arm tactic may actually indicate Russian weakness. In a letter to leadership in European countries receiving Russian gas that first transits Ukraine, Russian President Vladimir Putin warned that unless immediate steps are taken to ensure Ukrainian national gas company Naftogaz pays in advance for supply, Gazprom could close the valves. The letter states:… Keep reading →
States are battling to entice Tesla Motors to construct a $5 billion lithium-ion battery plant within their borders that could bring as many as 6,500 jobs. This Greentech Media article highlights recent news coming from each potential location – Texas, Nevada, New Mexico and Arizona – and suggests reasons why the factory should be built… Keep reading →
