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Blog posts : "governors` wind energy coalition"

Energy Update, August 26, 2011

August 26, 2011

In the States

WY – Governor Matt Mead, in a speech to the Petroleum Association of Wyoming, said that he rejects the notion that environmental protection and energy development are mutually exclusive.  The Governor said that “we need a global approach to environmental concerns” and that the U.S. already has many controls in place to protect the environment.  And while Governor Mead also made the point that energy development is a national security issue, he cited a study showing that $160 million in revenue per year was lost by oil and gas companies doing business in the State due to requirements for environmental studies and permits.  Mead says Wyo. can have energy and conservation – Wyoming Business Report

A bipartisan coalition of Governors from 24 States recently sent a letter to President Obama urging him to focus on wind energy development.  The letter, which was signed by the coalition’s chair, Lincoln Chafee of Rhode Island, and Vice Chair, Terry Branstad of Iowa, said that the production tax credit and investment tax credit programs for renewable energy should be extended for seven years.  It also called for the creation of a state-federal task force, greater state collaboration with the U.S. Department of Energy (DOE), accelerated development of offshore wind power, identification of transmission priorities, and a release of U.S. DOE renewable energy information.  24 Governors urge White House to focus on wind power development – SustainableBusiness.com and Letter to President Obama – Governors’ Wind Energy Coalition

Federal News

The U.S. Energy Information Administration (EIA) has cut its estimate of how much recoverable natural gas is available in the Marcellus Shale by nearly 80 percent.  Earlier this year, the EIA, which is responsible for estimating oil and gas deposits underground, said it believed 410 trillion cubic feet of the fuel was available in the rock formation that stretches from New York to Virginia.  But the agency revised that number to 84 trillion as a result of a new U.S. Geological Survey study that relied on the expertise of geologists whom the EIA considers to be “the experts on this matter.”  The large discrepancies between the estimates have caused some business leaders and members of Congress to question the accuracy of such studies.  A 2002 study by the Geological Survey estimated that two trillion cubic feet could be extracted from the Marcellus Shale, but that was before advancements in extraction technology made much more natural gas available for extraction.  Geologists sharply cut estimate of shale gas – New York Times

The U.S. Interior Department has opened an area off the coasts of Massachusetts and Rhode Island to leasing for wind farm developments.  Energy companies are now submitting proposals to the Interior Department, which will use the proposals to conduct coordinated reviews of the proposals and streamline the leasing process.  Environmental reviews would still need to be conducted on the proposed developments.  Similar areas were designated for offshore wind farms earlier this year off the coasts of Virginia, Maryland, Delaware, and New Jersey, and leasing is expected to begin as early as next year.  In contrast, it took 10 years to obtain permits for the Cape Wind project in Massachusetts.  U.S. seeks offshore wind bids in Rhode Island, Massachusetts – San Francisco Chronicle

 

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