New oil and gas chief named at Energy Department
Fuel Fix:
A natural gas industry veteran is set to oversee oil and natural gas issues at the Energy Department.
Energy Secretary Ernest Moniz on Tuesday appointed Paula Gant to be the next deputy assistant secretary for oil and natural gas, putting her in charge of the department’s research on hydraulic fracturing and in the middle of a big debate over exporting U.S.-harvested hydrocarbons.
Gant has spent the last seven years working on federal and state regulatory issues for the American Gas Association and was a vice president of government affairs for Duke Energy Corp. before that.
She takes the Energy Department job as the U.S. experiences a surge in oil and natural gas production, with companies using horizontal drilling and hydraulic fracturing to unlock previously unrecoverable resources. Public unease about the fracturing process has spurred calls to ban the practice in some areas and greater federal regulation.
(read more...)
http://fuelfix.com/blog/2013/08/27/new-oil-and-gas-chief-named-at-e...
Tags: Gant, Moniz, Natural Gas export, U.S. Energy Department
Views: 399
Replies to This Discussion
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Permalink Reply by adubu on -
jffree--- if they ban hydraulic fracturing commodity prices both oil and especially nature gas would sky rocket to new highs-- so for that reason that maybe start of new gold rush in nat gas fields :-) for it would not take long for prices to hurt economy and congress to change the regulations. Net = wind fall to mineral owners.
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Permalink Reply by jffree1 on
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If you read the whole article... it seems the enviro-nuts are 'distressed' that they have an industry person in this position. I am hoping for some measure of 'fairness' (sanity?) in any new rules coming out re: fracking because shutting it down by regulatory means would be like cooking the (golden egg laying) goose for dinner, IMO.
A windfall to mineral owners? I don't want to see another land rush like we had in '08. It created a situation where companies were forced to continue drilling to hold all those leases (bought at ridiculous prices) in order to hold all of that acreage. The rush contributed directly to the glut which, in turn, caused the decline in the price of gas. I'd much prefer to see some stable, less volatile, increase in demand pushing up the price of gas enough to promote a sane level of drilling & production. That is why export of some LNG is important. The Energy Dept. needs to recognize that and get on board. A stable market is vital.
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Permalink Reply by adubu on
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jffree1 -- I can not disagree with any part of what you said--- however greed is difficult to control and difficult to regulate it. Just follow the money through Lobbyist in Washington for The Axis of Greed Control Congress. I agree promote a sane level but just will not occur except for short peroids of time. Yes LNG will help for with what is permitted presently will add about 12-15 Bcf demand over present 72 Bcfd which can be easily produced via extra drilling but we still have major excess capacity of reserves NG that can be easy to drill therefore prices will increase slightly. Stable market difficult
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