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Oil and Gas Roundup

March 05, 2013
TOPICS: In the news
Obama’s Energy nominee: Natural gas a big part of nation’s energy future
President Barack Obama this week tabbed MIT physics professor Ernest Moniz to head the Department of Energy. Moniz heads the MIT Energy Initiative, a research group funded in part by BP, Chevron and other major players in the energy industry.
Environment groups have criticized Moniz for his support of hydraulic fracturing.  The announcement came with that of Obama’s pick of an EPA assistant to head the agency. CLICK HERE TO READ MORE.

Inhofe weighs in on EPA nominee, applauds extension on lesser prairie chicken
Sen. Jim Inhofe on Tuesday said President Barack Obama’s nomination of Gina McCarthy as head of the Environmental Protection Agency was part of the president’s goal “to continue pursuing an aggressive climate agenda at the EPA.”  Oklahoma’s senior senator said he was looking forward to finding common ground with McCarthy. Also on Tuesday, Inhofe applauded a move by the U.S. Fish and Wildlife Service to grant a 60-day extension on the comment period to list the lesser prairie chicken as threatened. CLICK HERE TO READ THE FULL COMMENTS ON INHOFE’S WEBPAGE.

NY governor to wait for study to decide on hydraulic fracturing
New York Gov. Andrew Cuomo this week announced he would wait for the results of a new study to decide the fate of hydraulic fracturing in his state. The $1 million study by the Geisinger Health System will look at the health of people living near hydrofracking wells in Pennsylvania. Results are expected in about a year. The announcement came after Cuomo met with his former brother-in-law, environmental activist Robert F. Kennedy Jr. CLICK HERE TO READ MORE.

Natural gas production hits all-time high, could make U.S. self-sufficient
Natural gas production and consumption in the United States reached an all-time high in 2012, the Energy Information Administration announced. The trend is expected to continue. CLICK HERE TO READ MORE.

Natural gas exports could boost jobs, trade, national security, climate
A new study suggests large-scale exports of natural gas could have broader geopolitical benefits beyond the expected job creation and improvement of trade balance, including broader national security and climate benefits. The broadening of natural gas exports could loosen the ties of traditional importers — like Europe — to regional exporters like Russia.
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