The U.S. Energy Information Administration (EIA) today launched an improved interactive, online Short-Term Energy Outlook (STEO) Data Browser that provides enhanced capabilities for analysis and visualization of the historical and forecasted data in EIA’s Short-Term Energy Outlook. The STEO Data Browser works with all types of mobile devices and tablets to provide easy access to STEO data and forecasts covering everything from U.S. energy production, consumption, inventories, imports, exports, and prices to international petroleum supply and demand.
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Members of the Growing Resources and Opportunity for the Workforce in Illinois (GROW-IL) Coalition have released the following statement in response to the action taken by the Joint Committee on Administrative Rules (JCAR) hearing on hydraulic fracturing today: “The GROW-IL Coalition understands JCAR’s decision to delay the hydraulic fracturing rule-making process by an additional 45 days. We hope this extra time will ensure a fair and comprehensive analysis of the proposed regulations. It is our expectation these rules will resemble the spirit of the common-sense, negotiations and subsequent legislation that was signed into law. At this point, several companies have expressed the concern about their ability to operate under these conditions. Our state desperately needs job creation and revenue, rules that stick to the legislation should accomplish that.”
Coalition for Hydraulic Fracturing says Proposed Rules Fail to Match Carefully Negotiated Legislation
GROW-IL coalition asking state committee to direct IDNR to redraft rules guided by statute
GROW-IL has submitted a comprehensive list of policy concerns regarding the rules written by the Illinois Department of Natural Resources governing hydraulic fracturing in Illinois after seeing that that the IDNR has unilaterally added, arbitrarily deleted, or clearly contradicted carefully compromised laws passed overwhelmingly by a bipartisan majority of lawmakers. GROW-IL’s filing coincides with the Illinois legislature convening their Joint Committee on Administrative Rules (JCAR) next week in Chicago to finalize the long-awaited second set of rules that will govern “fracking” in the state.
“After waiting 438 days for the IDNR while they delayed the opportunity for significant revenue and job creation for all those months, what we finally received are proposals that represent an egregious overreach by the agency. We spent three years of negotiation that resulted in carefully crafted law, and now it is extremely disappointing to see proposed rulemaking that changes the law and thoroughly circumvents the intent that was agreed upon by all parties including the business community, labor, agriculture and mainstream environmental organizations,” said Mark Denzler, vice president/COO of the Illinois Manufacturers’ Association.
Save the Date: Workshop October 8 and 9, 2014
The Advanced Manufacturing Office (AMO) seeks information on mid-Technology Readiness Level (TRL) research and development (R&D) needs, market challenges, supply chain challenges, and shared facility needs for clean energy manufacturing. This new Request for Information (RFI) is a follow-up to a recently completed RFI broadly covering advanced manufacturing. AMO would now like to know more about the challenges associated with advanced manufacturing technology that potentially could be overcome by pre-competitive collaboration as part of a Clean Energy Manufacturing Innovation Institute.
Posted by Ranjan Ezra on August 28, 2014 in Constellation’s Energy4Business blog …
It’s no secret that weather plays a major role in driving gas and power fundamentals.
This past winter alone (which, by the way, was one of the coldest on record in the United States since 1981) set all-time highs for heating demand and power consumption.
This chart shows NYMEX prices for natural gas rising to a five-year high and gas storage levels dropping well below the five-year average.
This ultimately led to NYMEX prices rallying to a five-year high and gas storage levels dropping well below the five-year average (See Table 1). As expected, lower storage levels resulted in a need to rebuild inventories. Gas prices have therefore increased throughout the remainder of 2014, and we expect this trend to continue into 2015.