The President does not drive the energy debate, the Congress does. I am pleased that he mentioned nat gas and hopefully he will actively support legislation that provides incentives for increased usage. Anybody want to give me odds on Congress passing an energy bill that favors nat gas over coal?
Aw, come on, jffree. You could bet one of Keith's barrels of oil. He'll never miss it. LOL! All attempts at levity aside, the only possibility for legislation favorable to increased use of natural gas, IMO, is for the oil majors to go all in on shale gas, buy up the bulk of the reserves and then out maneuver the political allies of the extended coal lobby in Congress. The current champions of natural gas are light weights.
I think, hope, what you'll see are incentives that will invite companies to utilize ng based generation and policies that agressively pursue it as a transportation fuel. A lot has changed over the last couple years. I think shale gas supplies have been solidified and many of the republican pick ups came in shale states - OH, PA, MI. Not to mention Boehner is from OH. Rep Boren (D-OK) will have a larger audience for the Nat Gas Transporation Act - which already had 40+ co-sponsors.
Keith, I hope you are right. Okay, so what's your bet? LOL! Shall we say a barrel bet on legislation containing any nat gas incentives in the next session of Congress? I'm betting any legislation that would penalize coal, directly or indirectly, will be dead on arrival.
yeah i wouldn't bet against that in the long run but i don't expect the lame duck to do much other than extend the tax cuts/credits and deal with don't ask don't tell, it's holding up the annual defense policy bill
they might freeze the budget too, we'll hear from obama's entitlement spending commission soon. it'll definitely get interesting.
dems won't try to champion ng they'll make republicans do it later. its one of quite a few cans being kicked down the road.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More