Natural Gas News – July 25, 2017
Natural Gas News – July 25, 2017
Energy-Dominance Agenda and Regulatory Challenges
The Legal Intelligencer reports: On March 28, President Donald Trump signed the presidential executive order on Promoting Energy Independence and Economic Growth. This executive order hopes to be the catalyst to “unleash America’s $50 trillion in un-tapped shale, oil and natural gas reserves, plus hundreds of years in clean coal reserves.” And by doing so, it aims to make the United States the global leader in fossil-fuel production and achieve not just “energy independence,” but “energy dominance”—a phrase that was front and center during the Trump administration’s, “Energy Week.” Although the coal industry has dominated the energy and environmental news, the Trump administration’s “energy dominance” agenda will shape the future of the natural gas industry as well. With the administration’s desire to emphasize domestic energy production, the regulatory environment for the natural gas industry will, no doubt, look different than it did a year ago. For more on this story visit thelegalintelligencer.com or click the following link http://bit.ly/2vCdNlk
U.S. Natural Gas Futures Start the Week on Back Foot
Investing. com reports: U.S. natural gas futures fell to a two-week low on Monday, amid bearish weather forecasts that should limit demand for the fuel. U.S. natural gas for September delivery was at $2.921 per million British thermal units, down 4.1 cents, or around 1.4%. It fell to its lowest since July 10 at $2.910 earlier in the session. Prices ended lower for the second day in a row on Friday. It saw a drop of roughly 0.4% last week. A weather system with powerful thunderstorms and cooling will sweep across the Ohio Valley and Northeast through July 30 to ease national demand, according to updated weather forecasting models. For more on this story visit investing.com or click http://bit.ly/2v19djJ
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