Nat Gas News – March 27, 2017
Nat Gas News – March 27, 2017
In the News
President Trump to issue far-reaching reversal of Obama climate push
Bloomberg reports: President Donald Trump is set to sign a sweeping executive order on Tuesday aimed at promoting domestic oil, coal and natural gas by reversing much of his predecessor’s efforts to address climate change. The document lays out a broad blueprint for the Trump administration to dismantle the architecture that former President Barack Obama built to combat the phenomenon, according to details shared with Bloomberg News. Some of the changes would happen immediately, while others would take years to complete. The order will compel federal agencies to quickly identify any actions that could burden the production or use of domestic energy resources, including nuclear power, and then work to suspend, revise or rescind the policies unless they are legally mandated, are necessary for the public interest or promote development. It also will toss out two Obama -era directives that gave consideration of climate change a prominent role in federal rule making. One advised government agencies to factor climate change into environmental reviews, such as those governing where oil drilling should take place. The other, called the “social cost of carbon,” is a metric reflecting the potential economic damage from climate change that was used by the Obama administration to justify a suite of regulations. For more visit bloomberg.com or click http://bloom.bg/2opbSvX
Speculators boost U.S. natgas net longs to most since May 2014 — CFTC
U.S. natural gas speculators this week boosted their net longs for a third week in a row to the highest since May 2014, betting prices will keep rising as production remains stagnant and exports climb. For more on this story visit hellenicshippingnews.com
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