Germany Closes the Last Nuclear Power Plants, Energy Spikes 45 percent

April 20, 2023 — bunkerville

Insanity is shutting down your NPPs and expecting a different result (adapted from A. Einstein)

Germany, already in the midst of an energy shortfall due to the loss of natural gas supplies from Russia, has also just closed its last three operational nuclear power plants this past week, leaving the nation high and dry when it comes to easy accessible electricity.  Germany has some of the highest residential electricity prices in all of Europe and they are about to explode even more in the near term.

Image

As energy prices rose last year as a result of the Ukraine conflict, certain members of German Chancellor Olaf Scholz’s government became hesitant to close the nuclear plants as planned on December 31, 2022. Scholz agreed to a one-time extension of the deadline but insisted on the final countdown taking place on April 15.

Alongside the closure of the nuclear plants, German multinational electric utility E.ON increased its prices by as much as 45% starting June 1.

H/T: Zero Hedge

This is where I drag out our reminder of a previous post to show that ignorance isn’t restricted to Germany.

Biden Shuts Down 2 Nuclear Power Plants, 4 Hydroelectric Dams, 1 Refinery

Update: Yes the Klamath River Dams are being shut down. One of four.

 

Klamath Dam Removal Project Receives Final FERC Go-ahead | 2022-11-18 | Engineering News-Record

 

After Launching Push To End Oil & Gas, Biden Blaming Oil Refineries For Not Doing “Patriotic Duty”

 

 

Shutting down oil, coal and gas? Just getting started. One refinery in the Virgin Islands, Limetree Bay Refinery. Nuclear? Turkey Point outside of Miami. Peach Bottom in Pennsylvania. Four Hydroelectric dams in Southern Oregon and Northern California – The Klamath River Dams. The indications from the agencies are they are just getting started.

Add that to Biden’s yanking 77 small refineries biofuel waivers that now put them at risk for bankruptcy.

The TVA wants to replace a coal fired plant with natural gas. That would put the federal Tennessee Valley Authority out of step with President Joe Biden’s administration goal of a carbon-pollution-free energy sector by 2035 so they say.

Finally, no one talks about the “energy credits” required that increase the cost of energy.

 

 

Keep reading

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Posted in Energy. Tags: , , , . 23 Comments »

Production of fertilizer is shutting down across Europe

August 24, 2022 — bunkerville

Natural gas in the U.S. is up a staggering 525% since closing at $1.48 in June 2020. Since June 2022 it has jumped 70 percent.

Europe is in dire straights. It is getting too costly to produce fertilizer. A comment: “So no food, no money no heat incoming, it will be an interesting year.” For others, famine comes fast to poor countries.

At the same time they are taking up to 40% of the farmers in the Netherlands out of business to use the land for other things.

While we remain focused almost exclusively at the price of gas at the pump it is natural gas that will be the U.S. and the world’s undoing. 

“Germany went full loon on the Left’s green energy fantasies: Producer prices rose 37.2% on year in July. Energy prices up 105.0% from a year earlier. Natural gas up 163.8% on year, electricity up 125.4% increase on year. This is where the US will go if we let the Left take us.”

London (CNN Business)The outlook for inflation and the global economy hinges in large part on where energy prices head next — which makes recent turbulence in natural gas markets a worrying development.

What’s happening: European natural gas prices finished at a record on Monday.
 
They remain close to that level on Tuesday after Russia’s Gazprom said it would suspend flows to Germany via the Nord Stream 1 pipeline for three days starting at the end of the month.
Natural gas prices in Europe are almost 10 times where they stood this time last year.
 

US natural gas reaches highest level since 2008

Prices have jumped almost 70% since the end of June.

Although natural gas futures cooled off a touch on Wednesday, they remain up about 70% just since the end of June. And natural gas is up a staggering 525% since closing at $1.48 in June 2020 when Covid-19 had shut much of the US economy down. (Source)

 
 
Prices in the United States are significantly lower, (than Europe) but they’re rising, too. On Monday, they hit their highest level in 14 years. They’ve been pushed up by increased energy use during heat waves, demand from Europe as countries try to stock up for winter and lagging production.
 
US natural gas prices have skyrocketed, a spike that threatens to offset the benefits of falling prices at the gas pump.
 
As temperatures drop this fall and winter, the natural gas spike signals sticker shock for families. Not only is natural gas a leading fuel source for the electric grid, it’s the most popular way to heat homes in America.
 
“Depending on the weather, it could be a challenging winter,” said Rob Thummel, senior portfolio manager at Tortoise Capital Advisors. “But not as challenging as in Europe. They are at risk of running out of natural gas. We aren’t.”
 
Back in June I posted:
 
 
In case you wonder why our nat gas is out of sight.
 
Which brings us to the production of fertilizer.
 

Natural gas is a key part of many types of fertilizer production. Natural gas represents 60 to 70 percent of fertilizer production costs. Record natural gas pricing for Grupa Azoty has driven the company to halt some, caprolactam, polyamide 6 (PA6), and nitrogen fertilizers production. As one trader put it, all EU plants are going down one by one.

Shares of Grupa Azoty SA tumbled after Poland’s biggest chemicals company halted production of nitrogen fertilizers and trimmed output of ammonia because of record gas prices.

“The current situation on the natural gas market that determines profitability of production is exceptional,” Grupa Azoty said in a statement Tuesday. It didn’t say how long the measures would last. The firm’s shares notched up an eighth day of declines, plummeting as much as 10% in Warsaw.

Grupa Azoty describes itself as the second-biggest producer of mineral fertilizers in the European Union. The company is among the largest buyers of natural gas in Poland, consuming more than 20 gigawatt hours of the fuel every year. Bloomberg

Production of fertilizer is shutting down across Europe right now.

Image

Look to the politicians who have caused this. What did anyone think the Russian Bear would do when poked over Ukraine? Europe is lucky Russia doesn’t complete pull the plug. Add to the problem is the greenies determined that a fossil free world will be just dandy. Better, look at the WEF… all going as planned.

Russia is not done with Asia either. Meanwhile Biden stalls nat gas hubs and impedes our expansion of our own resources that could be a boon to the U.S and to our workers.

Riots are occurring all over the world over rising costs of fuel and food yet we see hear nothing of it here in the States. Hunger stalks much of the third world. Just check YouTube for the action.

Russia is not done.

Russia’s push to consolidate control over its natural gas is beginning to curb supply to customers in Asia, a development that has implications for buyers the world over.

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Schumer smug about Texas? New York has to import Nat Gas from Russia

February 23, 2021 — bunkerville

 

Schumer preens about, so full of himself that Texas is in a bad place due to the severe cold that caused the energy crisis this past week. Be careful Chuck. You and your pal Cuomo have put New York in the same boat for a potential disaster. New York and other New England States dependent on Russia for energy.

An excellent example of just what has been allowed to happen that puts Americans at risk by a few nitwits.

Even the Boston Globe opined that “Massachusetts’ reliance on imported gas from one of the world’s most threatened places is also a severe indictment of the state’s inward-looking environmental and climate policies.”

Previous posts on the situation in New York, the latest from the eco-terrorists:

For eight years, New York Governor Andrew Cuomo has capitulated to the eco-left. From preventing the construction of needed pipelines to banning fracking, he has implemented an extreme environmentalist agenda.

Now, the consequences of those decisions are hitting New York residents hard.

Earlier, it was reported how New York is facing shortages of natural gas, even though it has plentiful shale reserves and shares a border with Pennsylvania, a state that also has shale reserves. As the Wall Street Journal noted, “The reason for the shortage is obvious: The Cuomo administration has repeatedly blocked or delayed new pipeline projects. As a Con Ed spokesman put it, there is a ‘lot of natural gas around the country, but getting it to New York has been the strain.’”

 

 

It seems New York has a partial solution – import liquefied natural gas from Russia.

That’s right, instead of permitting pipelines and fracking to get access to domestic natural gas, New York is importing energy from across the world – and from a geopolitical rival to boot.

Chuck DeVore, Vice President of the Texas Public Policy Foundation explains, “And, while Gov. Cuomo continues to obstruct new pipelines, generating political goodwill from some, his state’s policies, combined with a 99-year-old law that bans foreign vessels from shipping cargo between U.S. ports, result in the importation of liquified natural gas (LNG) from Russia and Trinidad and Tobago—rather than Pennsylvania or Texas.”

Read more

Moratorium on New Yorkers getting more hookups to energy.

The New York Post says lawmakers are confused by Cuomo’s claim they get to decide on the Williams pipeline. In an editorial, the Wall Street Journal says Cuomo blocking the pipeline and then blaming National Grid for the moratorium is “another parable of how the political campaign to ban fossil fuels is detached from energy and economic reality.”

Read more

Yes… this is how it works New Yorkers:

“To add additional service would pose a risk to the integrity of our system and compromise natural gas use for our existing 1.8 million customers in New York City and on Long Island,” said Karen Young, the National Grid spokesperson. The result is that, while existing customers are unaffected, those attempting to get a new hookup are denied new service.

“…Mr. Cuomo has ordered the utility National Grid to resume natural-gas hookups that were suspended after his senseless pipeline veto this spring.”

Guess how this will end. Let’s connect these dots. One doesn’t need to be a Mensa candidate.

What happens when you don’t add any new supply lines?  Taken from an earlier post

New York has to get energy from Russia thanks to Cuomo and the eco-left

 

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Posted in Energy. Tags: , , , . 28 Comments »

New York in for a long cold winter with possible Nat Gas shortages

October 24, 2019 — bunkerville

 

The attention has been on California’s power outages due in part to lawsuits in the Billions of dollars and fear of more liability for PG&E. Being held liable to this tune does nothing in fixing their problems. I connected the dots previously. Blame the government not PG&E Utility for CA fires and power blackouts

 

Here is another train wreck in the works.  New York has banned all things energy. What is known as the Williams pipeline has been blocked. National Grid says it cannot add any new customers since there is no way to increase supply. Now Cuomo has ordered that new customers be added even though there is not enough energy to meet the demand.

 

“…Mr. Cuomo has ordered the utility National Grid to resume natural-gas hookups that were suspended after his senseless pipeline veto this spring.”

Guess how this will end. Let’s connect these dots. One doesn’t need to be a Mensa candidate.

What happens when you don’t add any new supply lines? Last may I posted

New York has to get energy from Russia thanks to Cuomo and the eco-left

For eight years, New York Governor Andrew Cuomo has capitulated to the eco-left. From preventing the construction of needed pipelines to banning fracking, he has implemented an extreme environmentalist agenda.

Now, the consequences of those decisions are hitting New York residents hard.

Earlier this year, it was reported how New York is facing shortages of natural gas, even though it has plentiful shale reserves and shares a border with Pennsylvania, a state that also has shale reserves. As the Wall Street Journal noted, “The reason for the shortage is obvious: The Cuomo administration has repeatedly blocked or delayed new pipeline projects. As a Con Ed spokesman put it, there is a ‘lot of natural gas around the country, but getting it to New York has been the strain.’”

It seems New York has a partial solution – import liquefied natural gas from Russia.

New York is not alone…earlier;

Russian Nat Gas has to be imported to New England but let’s get on Merkel

Trump huffs and puffs over Merkel’s arrangement for one big beautiful pipeline to run from Putin’s domain into the heart of Germany, guess who is dependent on the very same Nat gas from Putin? Massachusetts for one, and the rate the environmentalists are going, more of us to come.

An excellent example of just what has been allowed to happen that puts Americans at risk by a few nitwits. There, I said it and I cut to the chase.

Even the Boston Globe opined that “Massachusetts’ reliance on imported gas from one of the world’s most threatened places is also a severe indictment of the state’s inward-looking environmental and climate policies.”

Now back to the kerfuffle:

The New York Post says lawmakers are confused by Cuomo’s claim they get to decide on the Williams pipeline. In an editorial, the Wall Street Journal says Cuomo blocking the pipeline and then blaming National Grid for the moratorium is “another parable of how the political campaign to ban fossil fuels is detached from energy and economic reality.”

Read more

Yes… this is how it works New Yorkers:

“To add additional service would pose a risk to the integrity of our system and compromise natural gas use for our existing 1.8 million customers in New York City and on Long Island,” said Karen Young, the National Grid spokesperson. The result is that, while existing customers are unaffected, those attempting to get a new hookup are denied new service.

Other than that, all is well in the swamp. For the best in conservative news push the button.

 

 

 

Posted in Energy. Tags: , , , , . 5 Comments »

New York has to get energy from Russia thanks to Cuomo and the eco-left

May 8, 2019 — bunkerville

 

Once more the indication that the eco-terrorists are leaving America at the mercy of the political mercies of our enemies. Let’s see, we are banning countries from dealing with Iran and Venezuela over energy, but for America, let’s have Russia take care of us.

Last  year I reported

Russian Nat Gas has to be imported to New England but let’s get on Merkel

Trump huffs and puffs over Merkel’s arrangement for one big beautiful pipeline to run from Putin’s domain into the heart of Germany, guess who is dependent on the very same Nat gas from Putin? Massachusetts for one, and the rate the environmentalists are going, more of us to come.

An excellent example of just what has been allowed to happen that puts Americans at risk by a few nitwits. There, I said it and I cut to the chase.

Even the Boston Globe opined that “Massachusetts’ reliance on imported gas from one of the world’s most threatened places is also a severe indictment of the state’s inward-looking environmental and climate policies.”

 

Now I have a report on the situation in New York, the latest from the eco-terrorists.

For eight years, New York Governor Andrew Cuomo has capitulated to the eco-left. From preventing the construction of needed pipelines to banning fracking, he has implemented an extreme environmentalist agenda.

Now, the consequences of those decisions are hitting New York residents hard.

Earlier this year, it was reported how New York is facing shortages of natural gas, even though it has plentiful shale reserves and shares a border with Pennsylvania, a state that also has shale reserves. As the Wall Street Journal noted, “The reason for the shortage is obvious: The Cuomo administration has repeatedly blocked or delayed new pipeline projects. As a Con Ed spokesman put it, there is a ‘lot of natural gas around the country, but getting it to New York has been the strain.’”

It seems New York has a partial solution – import liquefied natural gas from Russia.

That’s right, instead of permitting pipelines and fracking to get access to domestic natural gas, New York is importing energy from across the world – and from a geopolitical rival to boot.

Chuck DeVore, Vice President of the Texas Public Policy Foundation explains, “And, while Gov. Cuomo continues to obstruct new pipelines, generating political goodwill from some, his state’s policies, combined with a 99-year-old law that bans foreign vessels from shipping cargo between U.S. ports, result in the importation of liquified natural gas (LNG) from Russia and Trinidad and Tobago—rather than Pennsylvania or Texas.”

Read more

It’s not like we don’t have any pipelines.

Here are a couple of sites where one can find out pipeline locations down to the county.

Pipeline101 – Where-Are-Pipelines-Located

 

Interactive map of pipelines in the United States | American …

 

The National Pipeline Mapping System (NPMS) Public Viewer from the Pipeline and Hazardous Materials Safety Administration allows users to view pipelines and related information by individual county for the entire United States. The map includes: Gas and hazardous liquid pipelines

Bonus: 

“We trust the United States Forest Service to ‘speak for the trees, for the trees have no tongues.’”

— The 4th U.S. Circuit Court of Appeals

 

Thanks WhatFingerNews for the coverage! A great site for all the news.

 

Posted in Energy. Tags: , , , , , , . 21 Comments »

Appeals court rules the Forest Service to ‘speak for the trees’

December 17, 2018 — bunkerville

 

First let’s acknowledge that the Federal Government owns two-thirds of the Western States. This does not account for what the State and Local governments own.

Now moving East, we have a couple more States of considerable acreage of government land. This acknowledgement before we get to the latest insult a few judges have visited upon us.

The XL Pipeline is stalled in its tracks. First insult-

A refresher:

Nov 9, 2018 – A U.S. district judge has issued an order blocking construction of the controversial transnational Keystone XL Pipeline until the State Department conducts further study of its impact on the environment.

 

More at NPR

 

 

Recall that last winter the Boston area had to count on Russia for its Natural gas. Yes, that big bad Russia Russia Russia. Meanwhile we are awash in Nat gas. That story later on. But here it the latest in turning us into a “Hunter-Gatherer” society soon to forage for heat and food.

Appeals court rules the Forest Service to ‘speak for the trees’

 

A federal appeals court cited Dr. Seuss’ The Lorax to slam the U.S. Forest Service for granting a private company a permit to build a natural gas pipeline across two national forests and the Appalachian Trail.

 

 

 

“We trust the United States Forest Service to ‘speak for the trees, for the trees have no tongues.'”

— The 4th U.S. Circuit Court of Appeals

 

 

The 4th U.S. Circuit Court of Appeals in Richmond, VA., said in a ruling on Thursday that the U.S. Forest Service “abdicated its responsibility to preserve national forest resources” when it granted the permit for the Atlantic Coast Pipeline to Dominion Energy, the pipeline’s lead developer, NPR reported.

“We trust the United States Forest Service to ‘speak for the trees, for the trees have no tongues,’” the three-judge panel said in the ruling, quoting the classic story.

The court decided that the Forest Service did not have the authority to grant the permits to build a pipeline that would originate in West Virginia and stretch across Virginia and North Carolina.

The pipeline plans caused uproar among environmental groups as parts of it would have to be built through the George Washington and Monongahela National Forests and across the Appalachian Trail, the NPR reported.

“This conclusion is particularly informed by the Forest Service’s serious environmental concerns that were suddenly, and mysteriously, assuaged in time to meet a private pipeline company’s deadlines,” the judges said.[…]

Dominion Energy said they will appeal the decision in a statement to NPR.

“If allowed to stand, this decision will severely harm consumers and do great damage to our economy and energy security,” said Aaron Ruby, a spokesman for Dominion Energy.

“Public utilities are depending on this infrastructure to meet the basic energy needs of millions of people and businesses in our region.”

Keep reading…

Let’s return to this absurdity.

Russian Nat Gas has to be imported to New England but let’s get on Merkel

July 16, 2018 – portion of a previous post:

Better yet, the Jones Act precludes Americans helping out other Americans:

The U.S. has several LNG export facilities that are already operational or will come online in the coming years. Why can’t we ship American LNG to Boston?

One reason is an antiquated federal law from 1920 – the Jones Act – that prohibits cargoes from being transported between U.S. ports unless they are carried on American-flagged ships.

The stupid thing:

There are about 150,000 miles of oil pipelines and more than 1.5 million miles of natural gas pipelines in theUnited States. ALREADY! 

The U.S. Energy Information Administration recently announced that in 2017, for the first time since 1957, the U.S. exported more natural gas than it imported.

Yet, even as we become a global energy superpower, political barriers prevent us from maximizing the benefits of the shale revolution.

Earlier this year, New England — located just a few hundred miles from the Marcellus Shale, one of the world’s largest natural gas fields — was forced to import a cargo of Russian liquefied natural gas. This was necessary because anti-energy activists have convinced local elected leaders to block new energy infrastructure, including pipelines that could bring American gas to the region. This is making households in the Northeast more dependent on imported energy, and forcing them to pay among the highest energy bills in the country. More at Washington Examiner

Here are a couple of sites where one can find out pipeline locations down to the county.

Pipeline101 – Where-Are-Pipelines-Located

 

Interactive map of pipelines in the United States | American …

he National Pipeline Mapping System (NPMS) Public Viewer from the Pipeline and Hazardous Materials Safety Administration allows users to view pipelines and related information by individual county for the entire United States. The map includes: Gas and hazardous liquid pipelines.

Posted in Deep State, Energy. Tags: , , , , , , . 20 Comments »

Russian Nat Gas has to be imported to New England but let’s get on Merkel

July 16, 2018 — bunkerville

 

Trump huffs and puffs over Merkel’s arrangement for one big beautiful pipeline to run from Putin’s domain into the heart of Germany, guess who is dependent on the very same Nat gas from Putin? Massachusetts for one, and the rate the environmentalists are going, more of us to come. I had picked this story up last Winter as it looked like some Americans fingers might get a nip for lack of heat.

 

An excellent example of just what has been allowed to happen that puts Americans at risk by a few nitwits. There, I said it and I cut to the chase.

Even the Boston Globe opined that “Massachusetts’ reliance on imported gas from one of the world’s most threatened places is also a severe indictment of the state’s inward-looking environmental and climate policies.”

 

This winter’s unprecedented imports of Russian liquefied natural gas have already come under fire from Greater Boston’s Ukrainian-American community, because the majority shareholder of the firm that extracted the fuel has been sanctioned by the US government for its links to the war in eastern Ukraine and Russia’s illegal annexation of Crimea. Last week, in response to the outcry, a group of Massachusetts lawmakers, led by Senator Ed Markey, blasted the shipments and called on the federalgovernment to stop them.

From the post from the Boston Globe and well worth a read Our Russian ‘pipeline,’ and its ugly toll

 

Better yet, the Jones Act precludes Americans helping out other Americans:

The U.S. has several LNG export facilities that are already operational or will come online in the coming years. Why can’t we ship American LNG to Boston?

One reason is an antiquated federal law from 1920 – the Jones Act – that prohibits cargoes from being transported between U.S. ports unless they are carried on American-flagged ships.

The stupid thing:

There are about 150,000 miles of oil pipelines and more than 1.5 million miles of natural gas pipelines in theUnited States. ALREADY! 

The U.S. Energy Information Administration recently announced that in 2017, for the first time since 1957, the U.S. exported more natural gas than it imported.

Yet, even as we become a global energy superpower, political barriers prevent us from maximizing the benefits of the shale revolution.

Earlier this year, New England — located just a few hundred miles from the Marcellus Shale, one of the world’s largest natural gas fields — was forced to import a cargo of Russian liquefied natural gas. This was necessary because anti-energy activists have convinced local elected leaders to block new energy infrastructure, including pipelines that could bring American gas to the region. This is making households in the Northeast more dependent on imported energy, and forcing them to pay among the highest energy bills in the country. More at Washington Examiner

Here are a couple of sites where one can find out pipeline locations down to the county.

Pipeline101 – Where-Are-Pipelines-Located

 

Interactive map of pipelines in the United States | American …

he National Pipeline Mapping System (NPMS) Public Viewer from the Pipeline and Hazardous Materials Safety Administration allows users to view pipelines and related information by individual county for the entire United States. The map includes: Gas and hazardous liquid pipelines.

 

Posted in Energy, Green. Tags: , , , , , , , . 11 Comments »

Recent Legislation Mandates Additional Sales of U.S. Strategic Petroleum Reserve Crude Oil – Why?

March 27, 2018 — bunkerville

 

While we are looking the other way, Congress is managing to sell off our strategic reserves. Why might I ask? While the recent boon in energy finds in the USA is great, it still needs to be refined. The recent hurricanes have caused shortages requiring a release. We are one terrorist away from possibly needing our reserves again. I include a list of recent releases. As if that was enough, keep this old post in mind.

U.S. giving away ownership and control of our Energy and refineries August 6, 2014 B-ville

Yes, let’s put the USA at risk.

US omnibus bill mandates sale of 10 million barrels of government …

Platts–Mar 21, 2018
The bill also calls for lowering the threshold where the US government can drawdown crude from its emergency stocks. Under the threshold, set in the Energy Policy and Conservation Act of 1975, the Department of Energy cannot take or sell crude from the SPR “if there are fewer than 350,000,000 barrels … then in February they were chipping away US mandates biggest non-emergency strategic oil sell-off ever

A little history on the stockpile:

The largest stockpile of government-owned emergency crude oil in the world, the SPR was established to help alleviate the effects of unexpected oil supply reductions. Located in four storage sites along the Gulf of Mexico, the SPR held more than 695 million barrels of crude oil at the beginning of 2017, or about 97% of its 713.5 million barrel design capacity. Prior to FY 2017 sales, the SPR inventory level had remained nearly constant for several years.

Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve. Note: Volumes sold in fiscal years 2017 through 2020 under the Bipartisan Budget Act of 2015 Section 404 are estimates based on projected prices of West Texas Intermediate crude oil in the February 2018 Short-Term Energy Outlook and Annual Energy Outlook 2018.

Previous releases:

2012 Hurricane Isaac Exchange  |  2008 Hurricanes Gustav and Ike Exchanges  |  2006 Ship Channel Closure Exchange  |  2006 Barge Accident Exchange  |  2005 Hurricane Katrina Exchange  |  2004 Hurricane Ivan Exchange  |  2002 Hurricane Lili Exchange  |  2000 Heating Oil Exchange  |  2000 Ship Channel Closure Exchange  | 1999 Maya Exchange  |  1996 Pipeline Blockage Exchange 

Non-Emergency Sales:  Although the Reserve was established to cushion oil markets during energy disruptions, non-emergency sales of oil from the Reserve can be authorized to respond to lesser supply disruptions or to raise revenues.

2011 IEA Coordinated Release  |  1996 Weeks Island Sale  |  1996-1997 Sales to Reduce the Federal Budget Deficit

Continued:

A previous Today in Energy article described the three bills enacted in 2015 and 2016 that collectively call for the sale of 149 million barrels in FY 2017 through FY 2025. Most of these sales set volumetric requirements, and revenues from those sales go to the U.S. Department of Treasury. A section of one of those bills—Section 404 of the Bipartisan Budget Act of 2015—included authorization for funding an SPR modernization program by selling up to $2 billion worth of SPR crude oil in FY 2017 through FY 2020. In that act, the sales are based on revenue targets that must be authorized by Congress.

Exchanges Agreements:  Oil can also be released from the Strategic Petroleum Reserve under exchange arrangements (similar to loans) with private companies.  Exchange contracts provide for a loan of crude oil to be repaid, in kind, within a date certain, with additional premium barrels (similar to interest).

 

For information resources:

H/T: Global Energy Post

U.S. EIA: Today in Energy

A previous Today in Energy article described the three bills enacted in 2015 and 2016 that collectively call for the sale of 149 million barrels in FY 2017 through FY 2025

Posted in Energy. Tags: , , , . 3 Comments »

Natural Gas from Putin’s Russia has to be imported to New England

March 26, 2018 — bunkerville

 

Earlier this year, New England had to import a cargo of Russian liquefied natural gas, even though it is located just a few hundred miles from one of the largest natural gas fields in the world.

So reads the caption. An excellent example of just what has been allowed to happen that puts Americans at risk by a few nitwits. There, I said it and I cut to the chase.

Even the Boston Globe opined that “Massachusetts’ reliance on imported gas from one of the world’s most threatened places is also a severe indictment of the state’s inward-looking environmental and climate policies.”

Better yet, the Jones Act precludes Americans helping out other Americans:

The U.S. has several LNG export facilities that are already operational or will come online in the coming years. Why can’t we ship American LNG to Boston?

One reason is an antiquated federal law from 1920 – the Jones Act – that prohibits cargoes from being transported between U.S. ports unless they are carried on American-flagged ships.

The stupid thing:

There are about 150,000 miles of oil pipelines and more than 1.5 million miles of natural gas pipelines in theUnited States. ALREADY! 

The U.S. Energy Information Administration recently announced that in 2017, for the first time since 1957, the U.S. exported more natural gas than it imported.

Yet, even as we become a global energy superpower, political barriers prevent us from maximizing the benefits of the shale revolution.

Earlier this year, New England — located just a few hundred miles from the Marcellus Shale, one of the world’s largest natural gas fields — was forced to import a cargo of Russian liquefied natural gas. This was necessary because anti-energy activists have convinced local elected leaders to block new energy infrastructure, including pipelines that could bring American gas to the region. This is making households in the Northeast more dependent on imported energy, and forcing them to pay among the highest energy bills in the country. More at Washington Examiner

 

Here are a couple of sites where one can find out pipeline locations down to the county.

Pipeline101 – Where-Are-Pipelines-Located

 

Interactive map of pipelines in the United States | American …

https://www.americangeosciences.org/critical…/interactive-map-pipelines-united-states

The National Pipeline Mapping System (NPMS) Public Viewer from the Pipeline and Hazardous Materials Safety Administration allows users to view pipelines and related information by individual county for the entire United States. The map includes: Gas and hazardous liquid pipelines.

Posted in Energy, Green. Tags: , , , , , . 8 Comments »

Trump overturns Obama’s ‘fracking’ rules but the story is not what you think

December 29, 2017 — bunkerville

 

I slid over to one of the “other” news channels for a sec…. of course I heard all of the doom and gloom that Trump was over turning Obama’s fracking rules and would allow undisclosed chemicals into God’s green earth… then I caught this from the Daily Caller which gives us the back story,. (Trump has as well solved the coal regs problem already) I nominate this as one of the best fake news stories of the year….

President Donald Trump’s administration will give a belated gift to American energy producers and repeal former President Barack Obama-era regulations for hydraulic fracturing operations on federal lands.

The Interior Department is expected to publish a repeal of the rule in the Federal Register on Friday, and already the oil and gas industry are celebrating. Producers challenged were locked in court battles over the rule since it was finalized in 2015.

“It was clear from the start that the federal rule was redundant with state regulation and politically motivated, as the prior administration could not point to one incident or regulatory gap that justified the rule,” Kathleen Sgamma, president of Western Energy Alliance, said in a statement.

Interior will publish the repeal of the rule two days after the Tenth Circuit Court of Appeals dismissed an attempt to revive the Obama-era regulation. The court gave Interior until mid-January to repeal the rule.

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