DISCLAIMER: News content on this website is not to be construed as a reflection of the Montana Public Service Commission or Dr.Bukacek PSC, Commissioner Elect's personal opinions or platforms. The news information provided is soley for informational purposes and is meant to help educate on all the many topics related to energy and the PSC.

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Are You Really Against Fossil Fuels? Read This Before You Answer

It is easy for anyone to say that they are against fossil fuels. Opposition to coal, oil and natural gas is fashionable and will prompt heads to nod and even hands to applaud in most places. But are people aware of the extent to which their lives are dependent on fossil fuels? Do they know that more than 90 percent of things used in their everyday lives are derived from fossil fuels?From your toothbrush to your car tire, a majority of the things you use today has been made possible because of fossil fuels. Shoes, refrigerators, washing machines, coffee makers, furniture, pens, eating utensils, eyeglasses, commodes, medical gear, camping equipment, and the list goes on and on. Consider the computer or the phone from which you are reading this article. They are made of glass, metal, plastic,...

Published on 1/31/2023 (18 hours ago) Oil/Gas, Coal

 

Germany sees brighter outlook for Europe’s largest economy

By DAVID McHUGHAP Business WriterFRANKFURT, Germany (AP) — The economic outlook has brightened in Europe’s largest economy. The German government on Wednesday raised its estimate for growth next year to an 0.2% expansion from a 0.4% contraction as the country manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs. Germany had feared that this winter it would run out of natural gas used to power factories, generate electricity and heat homes. Mild weather helped, as did additional supplies of liquid natural gas after Russia cut off most pipeline supplies to Europe amid the war in Ukraine. German Vice Chancellor Robert Habeck says high prices are a burden for consumers but that the government has “made the crisis...

Published on 1/31/2023 (19 hours ago) Oil/Gas

 

GM to sink over $900M into 4 plants, Flint to get new engine

General Motors says it will spend more than $900 million to update four factories, with the bulk going to an engine plant in Flint, Michigan, to build the next-generation V8 for big pickup trucks and SUVs.FLINT, Mich. -- General Motors says it will spend more than $900 million to update four factories, with the bulk going to an engine plant in Flint, Michigan, to build the next-generation V8 for big pickup trucks and SUVs.Factories in Rochester, New York; Defiance, Ohio; and Bay City, Michigan; also will see investments, some to make V8 engine components as well as parts for future electric vehicles, the company said Friday.The investments won't create any new jobs, but they will preserve about 2,400 hourly and salaried positions positions at the four sites, the company said.The...

Published on 1/31/2023 (19 hours ago) Oil/Gas

 

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.Oil and gas production keeps growing, the sector has been adding jobs at a torrid pace, and most companies have been investing more.In a December survey by Federal Reserve Bank of Dallas, almost two-thirds of oil and gas executives reported an increase in capital spending compared with a year earlier — and almost two-thirds expect to increase spending in 2023.“Like it or not, oil and gas is here to stay for a very long time,” an executive from an exploration and production firm told the Dallas Fed. “Our request is simple: Get out of our way and we will deliver cheap energy.”For the 12 months ending in October, crude oil production rose 7% in the U.S., reaching 12.38 million barrels daily. Texas’ daily production hit almost 5.2...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

House votes to ban sales from Strategic Petroleum Reserve to China

The House on Thursday passed a bill to ban sales from the nation’s Strategic Petroleum Reserve to China.The legislation passed with bipartisan support in a 331-97 vote, with 113 Democrats joining Republicans in backing the measure.Entitled the “Protecting America’s Strategic Petroleum Reserve from China Act,” the bill would prohibit the sale and export of crude oil from the reserve to any entity under control of the China Communist Party.Republican Rep. Cathy McMorris Rodgers, the chair of the Energy and Commerce Committee, said the Strategic Petroleum Reserve is “meant for true energy supply disruptions, like those caused by hurricanes and natural disasters, not to help China.”...READ FULL ARTICLE...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

API Energy Excellence

The natural gas and oil industry is unified in our commitment to accelerating safety and environmental progress across its operations, while meeting global demand for affordable, reliable and cleaner energy. Meeting this demand requires safe and responsible production, transportation, refining and exports managed by a skilled and diverse workforce and continuously improving our performance by incorporating new technologies and approaches informed by sound science and performance data.As a core value incorporated into API Principles, API members commit to enhance the integrity of operations across the industry by applying standards, implementing workforce training programs, and participating in performance initiatives. While API member companies have been using API standards and programs...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

BLM plans June oil and gas lease sale

Montana will see a federal oil and gas lease sale in June, the Bureau of Land Management announced recently, the first since a retooling of the rules by President Joe Biden’s administration.The BLM announced Friday that it is seeking public input on 52 parcels totaling 20,951 acres located in Montana and North Dakota. There are new, increased rates for bid minimums royalties. The sale is scheduled for June 27.Most of the parcels up for lease are located in North Dakota. The exception is a 227-acre parcel west of Forsyth on the Yellowstone River.The new lease terms are established in the Inflation Reduction Act. Royalty rates are increasing from 12.5% to 16.67%, bringing the federal royalties in line with the Montana rate. Federal officials have also done away with noncompetitive leases,...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

TVA to build natural gas plant despite concerns from EPA

The Associated Press - The nation’s largest public utility has decided to build a new natural gas plant despite concerns from the Environmental Protection Agency that its analysis of alternatives is faulty and that the project is at odds with President Biden’s clean energy goals.Tennessee Valley Authority President and CEO Jeff Lyash on Tuesday signed a decision to move forward with a 1,450-megawatt natural gas plant at the site of the utility’s coal-burning Cumberland Fossil Plant, near Cumberland City, Tennessee. TVA plans to retire the first of two coal burning units there by the end of 2026 and plans to have the gas plant up and running before then.TVA provides power to 10 million people in parts of seven Southern states.The utility provided the EPA with a final environmental impact...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

Gasoline Prices Set to Rise if Corn Belt States Win Fuel Fight

Some Americans could end up paying more for their gasoline thanks to a plan by seven Midwestern state governors to boost the use of corn-based ethanol.Their request is under review by the federal government. If adopted, it could be good news for corn farmers throughout the region, including the politically important state of Iowa.But it would also force oil refiners supplying the Midwest to provide a specialized gasoline grade and construct new storage tanks and other infrastructure. That has the potential to increase costs, which would likely be passed on to consumers already squeezed by soaring inflation. Prices at the pump are seen rising by at least 2 cents per gallon in affected states, according to a study by consultancy MathPro Inc., though some industry groups say the costs could...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

US Rejects Oil Offers in First Attempt to Replenish Stockpiles

(Bloomberg) -- The Biden administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with the matter.The Department of Energy rejected the several offers it got for a potential purchase in February, said the people, who asked not to be identified as details of the process haven’t been published. The department outlined its intention in December to begin restocking the Strategic Petroleum Reserve, starting with a purchase of 3 million barrels next month. The plan follows the historic 180 million-barrel release of oil from the reserve ordered by President Joe Biden as he sought to tame the high gasoline prices in the aftermath of...

Published on 1/20/2023 (11 days ago) Oil/Gas

 

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