Monthly Archives: June 2009

Kristin Schrader Marcell Is Nuclear the Green Solution?

nationaljournalblog2 Is Nuclear the Green Solution? Recently Dave Parker participated in the National Journal’s Energy and Environment Experts blog to respond to their question, “Is Nuclear the Green Solution?” Please take a moment to read his response posted below and visit the National Journal Energy Experts blog to view the comments from others in this respected group.

We believe nuclear power is one part of the solution to climate change, given that it emits no greenhouse gases.   In addition, our industry supports increasing nuclear power’s ability to generate electricity because of the current trend in which more and more natural gas is being used for that purpose. Because it is the cleanest burning fossil fuel, more and more electricity generators are turning to natural gas as a way to comply with increasingly stringent environmental standards.  Unfortunately, as demand for natural gas in this market increases, so does its price, which makes it more expensive for the residential and commercial customers that natural gas utilities primarily serve.   That is why our industry supports the availability of a variety of supply sources for electricity generation, including more nuclear power.

In addition, when natural gas going into electricity generation drives up its price in the residential and commercial market, that can actually have a negative effect on our national environmental goals because as the price of natural gas increases, residential and commercial customers might choose other, less expensive, but less efficient and dirtier fuel sources.   The best use of natural gas, both from an efficiency and environmental standpoint, is its direct use in homes and businesses.   To the extent that more nuclear power frees up natural gas to be used directly in America’s homes and businesses, that is a good thing.

Yes, building nuclear power plants can be an expensive investment, in great part because of the extensive regulatory hurdles put in their path, and because, for the most part, the general public is not well informed about the benefits, including the clear environmental benefits, of nuclear power.  We believe the federal government should promote nuclear power, both through loan guarantees and through a public education outreach effort that explains the rewards of nuclear power as well as the risks.

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Dan Gibson Video from the Potential Gas Committee press event

Talk about your busy days. Yesterday we had the Potential Gas Committee press event here in the office. Lauren had a great post about the findings from the PGC. Basically, “The report found that the United States has a natural gas resource base of 1,836 trillion cubic feet (tcf) and a total available future supply of 2,074 tcf-the highest evaluation in the PGC’s 44-year history.” The news was so positive AGA held a press event to help the information spread.


Video from the event. Visit AGA’s YouTube channel to see the complete event. Its been edited into six segments to meet YouTube’s time constraints.

Boy did it ever.

Here’s the PGC report in the New York Times.

Here’s the PGC report in the Wall Street Journal.

Here’s the PGC report on AP.

The PGC report made it into Greenwire, too.

Bloomberg? Yes, got them too.

CNBC video you say? I say, here ya go.

We even had a site put up some audio.

It got picked up a bunch of other places across the web as well. Too many to list. It all shows just how important it is that people understand that natural gas is abundant and can meet our nation’s energy needs.

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Lauren Blosse Unprecedented natural gas supply found in U.S., says scientific group

Today members of the Potential Gas Committee (PGC) descended on AGA headquarters to release their much-anticipated findings about the amount of natural gas supply that exists in the Unites States.  The PGC told the news media and Capitol Hill staff that, since just 2006, there has been a 39 percent increase in the estimate of U.S. natural gas supply. The report found that the United States has a natural gas resource base of 1,836 trillion cubic feet (tcf) and a total available future supply of 2,074 tcf-the highest evaluation in the PGC’s 44-year history.

090618pgcblosse Unprecedented natural gas supply found in U.S., says scientific group

Our glass is overflowing with natural gas. Natural gas is now-it is domestic, it is abundant, it is clean and it is efficient.

So, what does this mean for U.S. natural gas customers? The answer is that, due in large part to the emergence of technologies that can unlock newly-discovered reserve such as natural gas from shale, more natural gas is available than ever. Despite the fact that the number of natural gas users has risen steadily, we have more natural gas at our fingertips than we previously knew.  At AGA, we liken this phenomenon to taking a sip of water, then setting down your glass only to discover that it is full again.

At a time when lawmakers are struggling to develop sound energy policies that will help secure America’s energy future in a clean and efficient manner, today’s announcement confirms that natural gas has the ability to play a key role in that equation. Natural gas is now-it is domestic, it is abundant, it is clean and it is efficient.

The PGC is an independent organization comprised of highly-credentialed volunteers from academia, government, and the energy industry. It receives support from the Colorado School of Mines.

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Chris McGill Natural gas market indicators

090615ngmi Natural gas market indicators

It is always interesting to follow how certainty in the natural gas market seems to change in short order.

Two months ago there was a growing consensus that imported LNG would flood the U.S. market. As the comments point out, recent supplier news may be contrary to that outlook. Natural gas acquisition prices seem to have diverted from that of oil and, of course, views regarding the recovery of the overall economy are many and diverse.

So, which trend will lose traction over the next 60-90 days? Which market fundamental is most likely to shift? These are great questions but they are great unanswerable questions at this time.

Visit this link to download the full Natural Gas Market Indicator. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

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