Energy Department Forecasts Natural Gas Boom
The federal government predicts that America’s natural gas production will continue to escalate for decades to come. “Natural gas production will grow steadily, jumping 56% from 2012 to 2040, according to an early release of an annual report by DOE’s Energy Information Administration,” writes Wendy Koch in USA Today. Just as Boone Pickens predicted, America’s Continue Reading
China Acquires 25% Stake in Iraqi Oil Field
T. Boone Pickens has long stated that the country with the best energy policy is the People’s Republic of China. With 1 billion more citizens than the U.S., China and its leaders recognize the importance of putting a plan in place for its citizens – and its security. Chines state-owned companies are constantly scouring the globe Continue Reading
Utility Abuse Shortchanges Consumers
The following op-ed by T. Boone Pickens ran in the Statesman-Journal on Friday, December 6: Since adoption of the Public Utility Holding Company Act in 1935, a compact has existed between utility companies and the citizens they serve: The company gets a monopoly within their area, and, in return, must provide service to everyone at Continue Reading
U.S. Merchant Fleet Switching to Natural Gas
America’s shale gas revolution is transforming the way our country powers itself. Now that transformation is re-shaping the shipping industry. The global fleet of 42 LNG-powered ships will almost triple in 2014, and it’s expected to increase 42-fold to almost 1,800 vessels by 2020. This sort of shift is attracting interest from numerous stakeholders, including shipping Continue Reading
Ford Now Manufacturing CNG-Ready F150s
Momentum continues to build for natural gas-powered vehicles as a convenient fueling choice. According to AutoBlog, the nation’s leading truck manufacturer, Ford Motor Company, began production of the 2014 F-150 with the ability to run on compressed natural gas, making Ford the only manufacturer with an available CNG/LPG-capable half-ton pickup. Ford is now building the CNG F-150 Continue Reading
October's Energy Report Card
When it comes to America’s Energy Report Card, October was a mixed bag. The big news is that the United States produced more of its own oil here at home than we imported from other countries. That’s not good news. That’s great news. The last time this occurred was during Bill Clinton’s first term in Continue Reading
President's Weekly Address Focuses on Energy
In his weekly address Saturday morning, President Obama singled out how the nation’s economy has been strengthened and bolstered by the increased production of energy here in the U.S. We produce more natural gas than anyone – and nearly everyone’s energy bill is lower because of it. And just this week, we learned that for Continue Reading
Natural Gas Fulfills the Promise of Energy Independence
Today’s Houston Chronicle features an op-ed that echoes key elements of the Pickens Plan by extolling the opportunities presented by the shale gas revolution: The modern natural gas boom has given the United States a chance to achieve genuine energy independence and seriously cut down on carbon emissions. The Chronicle gives an excellent overview of Continue Reading
U.S. Crude Production Exceeds Imports in October
New technology has fueled a domestic oil boom of such great proportions that the Energy Information Administration now reports that the U.S. is producing more crude oil than it is importing. EIA, the Energy Department’s nonpartisan statistical arm, said U.S. crude oil production averaged 7.7 million barrels per day in October while 7.6 million barrels Continue Reading
Price at the Pump Drops as Domestic Production Surges
The Wall Street Journal is reporting that gas prices are at a 33-month low “amid a boom in domestic drilling.” Tuesday’s national average price of $3.18 a gallon—26 cents below a year ago—was the lowest since Feb. 22, 2011, when it was $3.17, according to AAA, which tracks daily gas prices. The automobile club predicted Continue Reading