Friday, December 20, 2024

Championing Coal and Nuclear Likely to Take Market Share from NatGas

Gas-powered generation companies unhappy about administration’s coal and nuclear power bailout plans From US News President Trump’s most recent move, an announcement last week that his administration will once again try to prop up ailing coal and nuclear plants, drew widespread condemnation from a diverse array of groups and experts across the political spectrum – including the CEO of the country’s

Pennsylvania Gov. Wolf Will Curb Methane Pollution at NatGas Sites

From the Philadelphia Inquirer In a move hailed by environmental groups, Gov. Wolf announced Thursday that methane from new, unconventional natural gas operations will be capped and emission leaks will have to be fixed — a big step for a state that is the second biggest producer of fuel in the nation. These operations include gas extracted through hydraulic fracturing, or “fracking,”

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC Countries Are Raking in the Cash

Stats published by OPEC show $578 billion from oil exports in 2017; every member country saw revenue growth in 2017 OPEC’s output cut has played a significant role in rebalancing the oil market, bringing more than 1 MMBOPD off the market. Of course, the agreement was not motivated by some sort of altruistic motivations and OPEC has seen its revenues