Natural Gas News – April 17, 2019
Natural Gas News – April 17, 2019
EIA Data Shows U.S. Natural Gas Supplies Rising by 25 Bcf
Department of Energy reported: Today, the U.S. Department of Energy (DOE) announced up to $39 million in federal funding for cost-shared research and development projects that aim to improve oil and natural gas technologies. The United States is now the world’s leader in both oil and natural gas production. According to the U.S. Energy Information Administration (EIA), U.S. natural gas production hit a new record high in 2018, an 11 percent increase from 2017. In addition, U.S. crude oil production grew 17 percent in 2018, surpassing the previous record in 1970. “Maximizing our domestic resources is key to maintaining American energy independence and ensuring both our energy and national security,” said U.S. Secretary of Energy Rick Perry. For more on this story visit energy.gov or click https://bit.ly/2ZjGXo3
Lawmakers Detail Gas Tax Credit to Offset Cap and Trade’s Impact at The Pump
East Oregonian reported: For months, the conversation around Oregon’s proposed carbon program has revolved around how it will impact industrial polluters. On Monday, a public hearing focused on mitigating anticipated gas price increases to soften the new environmental policy’s affect on low-income Oregonians. The public hearing on House Bill 3425 kept the Joint Committee on Carbon Reduction busy as legislative lawyers worked through the scores of amendments. Under the cap and trade proposal, the state would limit certain carbon emissions. Selected industries emitting at least 25,000 metric tons of greenhouse gasses per year would have to pay for every ton of pollutants. To do that, they would buy allowances from the state through an auction. Commodities, such as energy, natural gas and gasoline, are expected to become more expensive. The cap and trade program has a built-in mechanism of free allowances to natural gas and electric utilities to keep Oregonians from feeling the full extent of those price increases. For more on this story visit eastoregonian.com or click https://bit.ly/2V7xLEa
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