According to the EIP report, Oklahoma’s increase in CO2 emissions during 2007-08 ramped up generation at three power plants: Muskogee units 4 and 5 (coal), Sooner units 1 and 2 (coal) and Northeastern units 3314 (coal) and 3302 (natural gas). Those accounted for the vast majority of the CO2 increase, the report said. Combined, the units increased their CO2 emissions 4,286,131 tons from 2007 levels.
Due in part to the recent economic slowdown and milder-than-usual weather, carbon dioxide emissions from U.S. power plants dropped 3.1 percent in 2008, tempering a steady increasing trend in the preceding years, according to the EIP report.
One year of improved data does not mean that the U.S. is on the right path for carbon dioxide reduction from U.S. power plants, EIP Senior Attorney Ilan Levin said.
The 10 states that emitted the most CO2 in 2008, measured in total tons, are: Texas, Ohio, Indiana, Florida, Pennsylvania, Illinois, Kentucky, Georgia, Alabama, and West Virginia.
The report is available online at www.environmentalintegrity.org.
ConocoPhillips Bullish On Northern Pipelines
As a partner in the Mackenzie Gas Project, ConocoPhillips Canada is vowing to make the frozen northern pipeline go ahead if the hibernating Canadian regulatory apparatus revives to make an approval decision. Kevin Meyers, president of the subsidiary of ConocoPhillips, told reporters at its Calgary head office that Canadian arctic supplies still have a good chance to beat Alaskan gas to markets in the Lower 48.
Tax Hit Could Be $80B
If Congress passes all of President Obama’s tax proposals that are directly and indirectly aimed at domestic oil and natural gas producers, the hit could be more than double the widely reported $32.6 billion, according to the American Petroleum Institute.
Fitch Cuts Gas Price
Fitch Ratings is no longer optimistic about a rebound in natural gas prices this year, and the credit ratings agency cut its 2009 base case price deck for gas to $4.25/mcf because of the protracted global economic slump.
January Production Up
The widespread producer cutbacks that began last fall to combat falling prices have not yet translated into reduced natural gas supplies as production in the Lower 48 states was 63.01 bcf/d in January, down 0.29 bcf/d, or half of a percent from December, but up 2.7 bcf/d, or 4.5 percent compared with January 2008, according to Energy Information Administration estimates.
East Coast Potential
The Atlantic Outer Continental Shelf has the greatest renewable energy potential of all the offshore regions, while the Gulf of Mexico and Alaska not surprisingly are believed to hold the largest trove of undiscovered technically recoverable resources of oil and natural gas, according to a joint report by two Interior Department agencies that was released.
Do Not Ignore ‘Obvious’
With continuing pressure on natural gas and oil prices, producers are rethinking how to budget their capital expenditures, but they shouldn’t ignore the “obvious” ways to succeed in the current economic downturn, according to a report by UK-based consultant Arthur D. Little.