Natural gas overwhelmingly dominates the U.S. electric power system, double second place coal. Gas is cleaner, cheaper, more flexible, and more reliable. Gas will supply over 40% of our power this summer and is racing toward being 50% of total generation capacity. Just think about the scale of that. For every 10o power plants in America that create electricity, 50 of them will run on natural gas (see Figure). Further, the International Energy Agency has specifically credited the rise of gas in our power system as the reason why we are slashing CO2 emissions faster than any other country ever.

Understanding this reality, we must continue to resist growing “energy unrealism.” More bluntly, a fracking ban would be the worst policy for American economic, energy, and environmental security ever “nightmared” possible. Fracking accounts for some 80% of U.S. gas production and will represent almost all of incremental domestic supply.

So why do some presidential...

State-owned oil refiner CPC Corp, Taiwan (CPC, ????) yesterday said that it would raise gasoline prices by NT$0.6 and diesel prices by NT$0.7 per liter, starting today, to reflect last week’s increase in international crude oil prices.

CPC’s average crude oil costs last week rose US$2.52 per barrel from the previous week’s US$54.39 to US$56.91 per barrel, it said in a statement.

The increase comes as OPEC and its non-member partners consider expanding output cuts, while market concerns about the impact of the COVID-19 outbreak on global demand were easing, CPC said.

As the New Taiwan dollar last week depreciated NT$0.14 against the US dollar, CPC decided to increase wholesale prices for its diesel and gasoline products by 4.1 percent, it said.

The prices at CPC’s gas stations are to increase to NT$25.5 per liter for 92-octane unleaded, NT$27.0 for 95-octane unleaded and NT$29.0 for 98-octane unleaded, while the prices for premium diesel would rise...

Saudi Aramco said on Saturday it had received regulatory approval to develop Saudi Arabia's Jafurah non-associated gas field and expects production to start in early 2024.

Gas resources in the Jafurah, the biggest unconventional non-associated gas field in the kingdom, are estimated at 200 trillion cubic feet of raw gas, the company said in a statement. Non-associated gas is not a byproduct of oil production.

Jafurah will be able to produce about 130,000 barrels a day of ethane, representing about 40 percent of the kingdom’s current production, and about 500,000 barrels a day of gas liquids and condensates, representing about 34 percent of the country’s output, according to Bloomberg.