How Joe Biden Made the War in Ukraine a Gift to the Gas Industry

Gas execs

How Joe Biden Made the War in Ukraine a Gift to the Gas Industry

The letter, dated February 25, just one day after Vladimir Putin’s forces launched their assault on Ukraine, noted the “dangerous juncture” of the moment before segueing into a list of demands: more drilling on US public lands; the swift approval of proposed gas export terminals; and pressure on the Federal Energy Regulatory Commission, an independent agency, to greenlight pending gas pipelines.

Much of the new gas infrastructure won’t be operational for several years, which may be beyond the timeframe of the Russia-Ukraine conflict that has squeezed supplies and caused gas prices to spike. So much LNG export is planned or under construction, adding up to about half of all total US gas production, that it will probably cause gas prices to climb for domestic American users, according to Clark Williams-Derry, analyst at the Institute for Energy Economics and Financial Analysis

“It’s beginning to eat into the amount of gas available to domestic consumers,” said Williams-Derry. “We will see very severe impacts on domestic US gas prices. We will see the impacts for as long as the eye can see.”

An Unjustified Fear Of Nuclear Energy Is Holding The Industry Back

Governments are backing nuclear power in a big way but fears of disasters still linger, with any mishap having the potential to derail the big nuclear resurgence. As governments get behind nuclear projects for the first time in several decades, in order to boost their energy security, many continue to be fearful of nuclear developments for both safety and environmental reasons. But will leaders be able to convince the public of the need for nuclear energy as part of a green transition? Nuclear energy was hailed years ago as the cleaner alternative to fossil fuels that could provide reliable energy to countries around the globe. But as it was increasing in popularity, with several major global developments being achieved, three notable disasters undermined the potential for widespread nuclear development. The events of Three Mile Island in Pennsylvania in 1979; Chornobyl in 1986; and Fukushima in Japan in 2011 led to a movement away from the development of nuclear projects in favor, largely, of fossil fuels.

An Unjustified Fear Of Nuclear Energy Is Holding The Industry Back

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Conservative coal baron Sen. Joe Manchin (D-West Virginia) announced on Wednesday that he has come to an agreement with Democratic leaders for a reconciliation bill with key climate, prescription drug price and tax reforms — with a major caveat to expand oil and gas exploration.

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Related:

Senate Dems reach draft deal to extend ACA premiums, lower drug costs

Also included in the Inflation Reduction Act — a bid to lower drug prices. Medicare will be allowed to negotiate the prices of some 10 pharmaceutical drugs in 2026, 15 more drugs in 2027 and 2028 and 20 more in 2029. In addition to price negotiation, the bill also imposes penalizing rebates on pharmaceutical manufacturers who hike drug costs above the rate of inflation starting next year.

Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines

Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines

Poland urged EU to impose ‘punitive sanctions’ on Russian oil

Related:

Polish motorists block petrol station in protest of high fuel prices

These [fuel] prices have already caused some unrest. In the town of Bielsko-Biała on Sunday, several drivers who pretended their cars had broken down blocked a petrol station of the partially state-owned PKN Orlen fuel company, local media reported.

Massive “failure” in Orlen. The cars blocked the entrance to the petrol station

The price of the euro is falling. The dollar is falling. The zloty is getting stronger and the fuel is going up. I don’t think it is sticky. Economically, no one can explain why – says Szymon Twardak , one of the participants of the action at the Orlen station.

The drivers have blocked the petrol station again. This time, not one

Poland Suggests Expanding EU’s Seventh Tranche Of Sanctions Against Russia

Sempra strikes LNG supply deal with Germany’s largest power producer

May 25 (Reuters) – U.S.-based Sempra Energy said on Wednesday it would sell about 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Germany‘s largest power producer, RWE AG, which is trying to wean itself off Russian gas.

U.S. LNG companies have been exporting record volumes to the European Union following sanctions on Russia after its invasion of Ukraine, which tightened supplies to an already under-supplied market.

Sempra said it would supply the gas for 15 years from its Port Arthur LNG Phase 1 project being developed in Jefferson County, Texas.

Earlier this month, the company clinched a deal to supply three million tonnes of LNG each year to Poland‘s PGNiG

Sempra strikes LNG supply deal with Germany’s largest power producer