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On Tuesday, January 20th 2015, President Obama will deliver the State of the Union address (SOTU), and energy and climate will likely play a prominent role. In last years’ SOTU, President Obama outlined an all of the above strategy: increasing domestic oil and gas production, cutting red tape, phasing out fossil fuel subsidies and addressing climate change. However, a lot has changed in the last year. Republicans now control both chambers of Congress, oil prices are at their lowest point since 2009 and the Clean Power Plan has impacted the policy landscape both domestically and abroad. The administration just announced… [more]
View InsightOn December 3rd, 2014, OurEnergyPolicy.org hosted “Abundance or Scarcity? Re-examining U.S. Oil & Gas Policy,” a panel event at the Capitol Visitor Center in Washington, DC. The panel discussed how recent growth in domestic oil and gas production is transforming the U.S. energy sector and challenging the paradigm of energy scarcity that has underpinned federal policy for the last 40 years. Topics covered include policy issues related to exports, finance, climate change, infrastructure, natural gas as a transportation fuel and politically viable energy legislation. Find the full video below and the transcript here. Introduction: Bill Squadron, President, OurEnergyPolicy.org Opening remarks:… [more]
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Chairman of the Energy and Commerce Subcommittee on Energy
U.S. House of Representatives
The House Energy and Commerce Committee recently released a policy paper entitled “Prosperity at Home and Strengthened Allies Abroad – A Global Perspective on Natural Gas Exports.” Over the past year, our committee has analyzed the effects of exporting U.S. liquefied natural gas (LNG) through a series of hearings and an international forum. This report is the culmination of our efforts, detailing the economic and geopolitical benefits of U.S. LNG exports and outlining the actions necessary to realize them. Through our analysis, we found that LNG exports offer the opportunity for the U.S. to improve the domestic economy while providing… [more]
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A recent hearing of the Energy and Power Subcommittee discussed the regulatory, market and legal barriers to exporting Coal and LNG. Critical issues were the length of time associated with the permitting process as well as the economic and climate impacts associated with the exports. Christopher Smith, Principal Deputy Assistant Secretary and Acting Assistant Secretary for Fossil Energy at the DOE, testified that most of the foundation has been built and that future approvals should be expedited. Jeff Wright, Director, Office of Energy Projects at FERC, stated that many of the delays experienced were the result of filers submitting incomplete… [more]
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Last year, significant growth in natural gas production combined with low demand – due to a warm winter – caused natural gas prices to plummet below US$2 per thousand cubic feet. This benefited consumers, but forced some energy companies to abandon gas drilling programs and put significant pressure on their budgets, most notably Chesapeake Energy Corp. The decade-low prices also facilitated a transition in electric power generators from coal to gas, and in some cases nuclear to gas. However, according to EnergyWire, some analysts, like James Sullivan of Alembic Global Advisors, believe that this short-term electricity fuel transition has maxed… [more]
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