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Govs react to rising power, fuel prices

natural gas manila

MANILA – The government is helpless in the face of rising power and fuel prices because of laws that prevent it from intervening in “market-driven” industries, Presidential Communications Secretary Herminio Coloma Jr. said on Wednesday. Coloma said the looming electricity rate increase and the recent rise on liquefied petroleum gas (LPG) prices are dictated by the law of supply and ...

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ONEOK will turn its natural gas distribution segment into new firm

ONEOK

Tulsa-based ONEOK Inc. said Monday in a guidance announcement that it is on target to complete its spinoff of the company’s natural gas distribution segment into ONE Gas Inc. in the first quarter. ONEOK listed the effective date for the spinoff as Jan. 1 for guidance purposes, spokeswoman Megan Washbourne said. The actual closing of the transaction will come later, ...

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Poll respondents say they support natural gas environmental safeguards

The Nature Conservancy

CHARLESTON, W.Va. — According to a poll of Central Appalachian voters by a bipartisan research team commissioned by The Nature Conservancy, more than 80 percent of respondents said they would support establishing strong environmental safeguards as a condition for further natural gas development. Specific actions endorsed by poll respondents include regional planning, science-based protections and guidelines, and requirements to prevent ...

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High-Risk OIl and Natural Gas Transportation Should Focus Investor Spotlight

The transportation of our essential oil and natural gas supplies has always been a risky business; with that risk underscored whenever there’s a major accident — like the massive gas pipeline explosion last week in western Missouri. But it’s events like the Missouri accident that should focus industry and investor attention on Iron Mountain (NYSE: IRM). Operating in the business software ...

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Natural Gas Boom Benefits Big Users More Than Small

natural gas prices

Fracking has sent the price of natural gas plummeting, just not for the people who need it most. The straight-out-of-the-ground price of natural gas is way down since the start of the boom in hydraulic fracturing. Back in 2008, users buying gas directly from drillers were paying an average of $7.97 per thousand cubic feet, according to the Energy Information ...

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Gas drillers should minimize impact on nature, poll says

gas drilling

Results of a poll by The Nature Conservancy in the six-state Marcellus Shale gas region of the Appalachians indicate strong support for better regional planning to minimize impacts on forest and water resources, as well as tougher environmental safeguards. The poll, scheduled for release at noon today, also shows that a majority of those polled — 54 percent — say ...

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Questions surface on the shale-gas boom in Ohio

ohio shale

AKRON, OH – Proponents of shale-gas drilling have said the United States sits on the verge of energy independence amid surging output and what has been described as a 100-year supply of natural gas. Count Texas-based financial consultant Deborah Lawrence Rogers among those skeptical that the shale energy boom is real or sustainable — fiscally or environmentally. Rogers, part of ...

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Shell plant hot topic at energy conference

shell logo

PITTSBURGH — Shell Oil Co.’s proposed cracker plant in Beaver County — and the wet gas it would utilize — was a hot topic of discussion Monday at the Pennsylvania Energy and Manufacturing Summit. Energy executives, elected officials and labor groups turned out for the second annual conference, sounding off on everything from the proposed cracker plant to job creation ...

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Ohio pension fund wary of Kasich’s call to dump Iran investments

Not only did Gov. John Kasich add his name to a letter Tuesday from 15 governors opposing the Obama administration’s Iran nuclear deal, he is actively encouraging Ohio’s biggest pension fund to pull its money from companies that invest in the country once the current U.S. sanctions are lifted. No can do, says a spokeswoman for the Ohio Public Employee ...

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