In the context of Russia's invasion of Ukraine and a still stagnant economy, President Obama faces two important questions on energy transmission: a decision on the construction of the Keystone XL oil pipeline and the question of increasing American natural gas exports. These are choices that will resonate from Crimea to Cove Point. In my judgment, the president should reject Keystone and step up natural gas exports.
Today, U.S. businesses are moving manufacturing ack to the United States, opening new factories or expanding their existing operations and hiring new workers thanks to the growing abundance of low-priced natural gas. The U.S. Energy Information Administration (EIA) projects that the domestic supply of natural gas will surpass demand by 2016. The EIA also says there will be enough natural gas produced in America that we can export some of the surplus with minimal impact on natural gas prices. So,
Virginia-based Dominion Resources wants to export liquefied natural gas (LNG) through the Chesapeake Bay via a facility at Cove Point in southern Maryland. This project would not only damage our state's environment, it is also part of an unwise potential national shift toward exporting natural gas, which threatens the economy and jeopardizes our country's goal of reducing harmful greenhouse gas pollution.
Pennsylvania's headlong plunge into drilling for natural gas from Marcellus shale formations has produced winners and losers. Businesses catering to the energy industry have opened or expanded, and some landowners who signed leases allowing wells to be drilled on their property have profited. But critics say fracking has polluted wells and threatens the environment.
A new study predicts that exporting the nation's cheap, seemingly abundant supplies of natural gas will boost the U.S. economy, giving a nudge to prospects for shipping liquefied fuel abroad from a nearly idle terminal in the Chesapeake Bay.
A crowd of hundreds at Prince Georges Community College awaits the arrival this morning of President Barack Obama, who is due to deliver the latest in a series of addresses on energy as rising oil costs create a drag on the economic recovery - and his own reelection effort.
Rep. Andy Harris, whose district is home to last year's Kentucky Derby winner, is putting aside his disdain for federal regulations to push a proposal that would prohibit the use of cramped horse trailers that animal rights advocates say are inhumane.
Thanks in large part to booming production of natural gas from shale deposits in neighboring states, a Maryland LNG terminal could be bustling again in several years — exporting the heating and industrial fuel to other countries, instead of importing it.
Constellation Energy Group said Thursday that it closed the acquisition of a Tulsa, Okla. Natural gas company, the third deal in the past year that helps expand the Baltimore company's retail business.