Richard Meyer Natural Gas Market Indicators

Daily cash prices at Henry Hub have firmed primarily because of warm temperatures in much of the country creating an upward tick in natural gas to power generators. With that as a backdrop, the forward strip for natural gas prices at Henry Hub is below $4.71 per MMBtu through January 2012, a reflection of supply strength in the market.

This at a time when volumes of gas to power generation have increased from an early spring low of about 15 Bcf per day to a peak of over 35 Bcf per day during these (July) dog days of summer.

Visit this link to download the full Natural Gas Market Indicators.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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Dan Gibson A natural gas primer

The Progress Policy Institute released a primer on natural gas titled, “Natural Gas Reconsidered.” The primer is intended to be a resource for people who are newcomers to the energy and natural gas dialogue. It’s a clean read with lots of visuals to make the information easier to understand.

It’s another great piece of work from our friend Roger Cooper. Roger has always been a big fan of natural gas. He has a great writing style so I’m glad to see him still producing this type of work.

Roger covers the huge supply of natural gas and the process (hydraulic fracturing) that has led to this abundance. The section on hydraulic fracturing gives a fairly comprehensive overview so I’m sure that will draw a lot of interest. Some of the other topics covered include:

  • economic impact
  • jobs
  • clean energy
  • energy efficiency
  • efficient transport and storage
  • fueling transportation
  • residential and commercial uses

There’s a lot more there. Take a trip over to PPI to read the full paper. It’s a quick read.

The paper was officially released during “The Natural Gas Revolution: Promise and Pitfalls” event. The discussion at the event centered around the benefits and challenges for the natural gas industry. If you haven’t seen it yet, the post actually includes video from the event.

 

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Dan Gibson Natural gas video award voting

Many thanks to those on our volunteer committee that selected the finalists for the Natural Gas Video Award. It was a tough job with many great entries just missing the cut.

The finalists appear below. The text in the poll links to the video on YouTube and each video is embedded after the poll. Vote for your favorite. You can only vote once per day. Voting closes September 2. Polls are now open. It’s not too early to get started for next year either. If you have a video you want to submit, just send an email to me at dgibson@aga.org icon smile Natural gas video award voting

Select your winner for the natural gas video award

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Quality of life

Smell natural gas

Gas conversion 3%

Safety rap

Heating

Old water heater

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Hannah Bozian The Natural Gas Revolution: Promise and Pitfalls – the Progressive Policy Institute

On July 21, Dave McCurdy, President and CEO of the American Gas Association (AGA) spoke among a panel of experts at the Progressive Policy Institute’s conversation about “The Natural Gas Revolution: Promise and Pitfalls.” The discussion sought to address the benefits and challenges for the natural gas industry, and how to efficiently and economically move the debate forward.

McCurdy was joined by Heather Zichal, Deputy Assistant to President Obama for Energy and Climate Change, Representative Jason Altmire (D-PA), Roger Cooper, Principal of Cleveland Park Consulting, Vello Kuuskraa, President of Advances Resources, Amy Mall, Senior Policy Analyst at the Natural Resources Defense Council, Peter Molinaro, Vice President of Federal and State Affairs at the Dow Chemical Company, and Peter Robertson, Senior Vice President of Legislative and Regulatory Affairs and America’s Natural Gas Alliance.

110721 ppi blog The Natural Gas Revolution: Promise and Pitfalls   the Progressive Policy Institute

Dave McCurdy, President and CEO of the American Gas Association (AGA) 

Many in the natural gas and energy industry agree that the future of the industry relies on honest, fact-based conversations about the industry and this was exactly that. Zichal began by placing natural gas in a broader energy context, noting the economic pains of the rising price of oil and some of the challenges for oil and coal for a clean energy future. She stressed that to the Obama administration, natural gas is a “big part” of the solution to our energy challenges.

Rep. Altmire spoke of the successes the industry has seen in his home state of Pennsylvania through Marcellus shale drilling, citing 140,000 jobs created as a direct result of the natural gas industry. He brought up a recent study from Pennsylvania State University, stating that by 2020 the Marcellus shale play will provide 25% of America’s natural gas needs.

Dave McCurdy emphasized the opportunity for natural gas to help reduce our dependence on foreign energy sources, and to create jobs, new technologies and innovations at home.  Natural gas, he said, is a “game changer” in the energy industry because of its abundance and America’s ability to rise to the challenge and innovate already existing technologies.

This fact-based discussion was just what the industry needs more of in order to help ensure continued safe and reliable access to this foundation fuel—natural gas.

Watch the video below.


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