Wednesday, May 22, 2013

Moniz Made it Through Confirmation

He must have been grea$ed up because it was kept real quiet and was done quick.

"Energy chief to postpone decisions on gas exports

WASHINGTON — Energy Secretary Ernest Moniz was sworn in Tuesday as the nation’s new energy chief....

Moniz, speaking to reporters after a brief speech to a forum on global energy efficiency, said he wants to complete his review of about 20 applications to export liquefied natural gas as quickly as possible.

Many US energy companies are hoping to take advantage of an ongoing natural gas boom by exporting liquefied natural gas, or LNG, to Europe and Asia, where prices are far higher. About 20 applications to export LNG to countries that do not have free trade agreements with the United States are pending before the Energy Department.

Business groups support LNG exports as a way to create thousands of jobs and spur more US production.

Consumer advocates and some manufacturers that use natural gas as a raw material or fuel oppose exports, saying they could drive up domestic prices and increase manufacturing costs. Many environmental groups also oppose LNG exports because of fears that increased drilling could lead to environmental problems.

They mean fracking, folks.

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Related: Sunday Globe Special: Moniz's Money

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