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February 4, 2021
Residential Consumers Saved $4.6 Billion, Commercial And industrial Consumers Saved $8.1 Billion
The massive increase in domestic shale development, led by hydraulic fracturing (“fracking”), has caused natural gas prices to plummet in Indiana, according to a report from the Consumer Energy Alliance (CEA). Consequently, residents and businesses in the Hoosier State saved more than $12.7 billion from 2009 to 2019.
“Expanded and modernized natural gas infrastructure” over the past decade saved residential consumers in Indiana $4.6 billion by reducing natural gas prices by 31 percent, while commercial and industrial consumers saved over $8.1 billion combined, thanks to a nearly 50 percent drop in prices.
The Tablet February 3, 2021
WINDSOR TERRACE Catholic environmental advocates applauded President Joe Biden’s decision to revoke the Keystone XL pipeline permit as a positive step towards a greener economy, but question if the decision was short-sighted with no job alternatives in place.
“I’m always concerned every time people are losing jobs. It’s not humane to close things down and leave people unemployed,” said Angélica Gonzalez Apple, the Global Catholic Climate Movement North America program manager. “It’s an important point to talk about where we need to address just transition. As we’re moving the country and world into cleaner energy we need to make more of a commitment when these things happen that we can ensure people’s jobs.”
Exclusive: Industry leaders react to proposed federal lands restrictions
Of particular interest to the oil, gas and petrochemical industry is the following inclusion:Â Â Â
âThe order directs the Secretary of the Interior to pause on entering into new oil and natural gas leases on public lands or offshore waters to the extent possible, launch a rigorous review of all existing leasing and permitting practices related to fossil fuel development on public lands and waters, and identify steps that can be taken to double renewable energy production from offshore wind by 2030.â   Â
But according to Stephen Waguespack, president and CEO of the Louisiana Association of Business and Industry, a prohibitive ban on the U.S.âs federal lands will not deter global demand for energy.
THOMAS CATENACCI CONTRIBUTOR Major trade unions including North America’s Building Trades Union and the International Brotherhood of Teamsters, which en
The head of the New Mexico Chamber of Commerce is among those saying that a cessation of oil and gas leases or permits on federal lands likely will mean hundreds of millions in lost tax revenues each year. A moratorium on oil and gas leases on federal land and waters, except tribal properties, was announced […]