Let’s work together to protect our seniors
Rep. Ron Klein (D-FL) today penned a thoughtful and forceful argument to keep dividend tax rates low. Klein notes that many of the seniors in his district rely on their dividend income to pay the bills and make ends meet. Klein also puts on record his support for taking action to enact the president’s proposal to make permanent the 15 percent maximum tax rate for low and middle income Americans. Learn more about keeping dividend tax rates low at www.DefendMyDividend.org. Head on over to the Hill to read Representative Klein’s editorial.
Natural Gas Market Indicators
Expectations for natural gas supply and demand balance in the United States for 2010 seem to be clearly rationalized in the futures market where price stability is the current order. Said another way, two months does not make a trend, however, it does appear that gas prices have entered a period of relative stability despite cold, then warm, then cold weather, production freeze-ins and political uncertainties – factors that have previously influenced natural gas price volatility.
In addition, analysts appear to be quickly turning from the fortunes of the 2009-2010 winter heating season and factoring in potential storage net injections, as well as natural gas into power generation for the coming summer, as part of the forward view of 2010 natural gas markets.
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.
Coming Down To Earth on a ‘Clean Energy’ Standard?
Read my latest response on the National Journal’s Energy and Environment Experts blog to the question, “Should Congress Embrace A ‘Clean Energy’ Standard?”
AGA has long supported, to the fullest extent possible, the development of a diverse domestic energy supply, including coal, oil, nuclear, wind, hydro, solar and, of course, natural gas. Senator Graham’s proposal, while an important first step, does not fully engage all of America’s low-carbon tools in our fight to reduce carbon emissions; specifically, it omits natural gas. As Energy Secretary Steven Chu recently told us at an AGA Board of Directors meeting, natural gas is a necessary component of any truly renewable energy program.
The fact remains that all of the power produced by alternative and renewable fuel sources meets only a small portion of the country’s daily energy needs, and those dependent on solar and wind to produce electricity rely on natural gas as a back-up fuel when the wind doesn’t blow and the sun doesn’t shine. A realistic plan for a low-carbon future, therefore, must include, and support, traditional and proven fuel sources such as natural gas.
With major energy producers publicly turning to natural gas as their fuel of choice, the message is clear – as the cleanest of all fossil fuels, natural gas can provide the nation and its consumers with a proven, reliable, low-carbon source of energy.
Equally important is ensuring that the most effective and efficient application of natural gas – its direct use in the home for space heating, heating water, cooking, and other end-use applications – is encouraged and supported. Direct use of natural gas is by far the most efficient, cost effective and green choice when compared to converting gas to electricity to power the same end-use applications.
The best way to address climate change and support the renewable market, while still providing America with the reliable energy it needs to grow its economy, is with a wide-ranging set of options that includes natural gas and all of America’s other energy resources.
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