A recent analysis determined the United States sits on a century’s worth of gas supply, but industry experts warn there aren’t enough pipelines to access it.
The report from the Potential Gas Committee, part of the Colorado School of Mines, found that the country had technically recoverable gas resources of 3,353 trillion cubic feet, a 0.5% decrease from its 2020 estimate.
A South American energy company was forced to halt operations of a pipeline traveling through the Amazon rainforest after a rupture caused a large leak of crude oil, multiple sources reported.
OCP Ecuador, which generates about $133 million in annual revenue transporting oil in the region, had immediately started a clean up and mitigation effort when the leak was discovered, the company said in a statement Saturday. The rupture was likely caused by a rock fall in the area which damaged the pipeline infrastructure, NBC News reported.
Roberto Grijalva, OCP Ecuador’s Operations Manager, said the company was committed to taking all measures necessary to prevent further damage to the environment. The Ecuadorian government, meanwhile, added that it was closely monitoring the rupture.
After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.
TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.
In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment.
Following a Biden administration move to lift U.S. sanctions blocking completion of Russia’s Nord Stream 2 gas pipeline, critics are charging that the new president — who canceled the Keystone XL pipeline on his first day in office — is more concerned about Russian energy jobs and independence than he is about America’s own.
“President BIden, if [you] can’t put America First, can you at least not put Russia first?” form Secretary of State Mike Pompeo tweeted.
A 19-state coalition urged President Joe Biden to reinstate the Keystone XL Pipeline and reverse his energy policies because of the recent gas shortages.
Gas shortages along the east coast caused by a cyberattack on the Colonial Pipeline prove the need for reliable gas pipelines in the U.S., the 19-state coalition led by Montana Attorney General Austin Knudsen wrote in a letter to Biden on Monday. The U.S. needs better energy infrastructure if the shutdown of one pipeline leads to such extreme spikes in prices and lines at gas stations, the state attorneys general said.
“A temporary shutdown of one pipeline’s full-capacity operations shouldn’t bring half the country to the brink,” the coalition of states wrote to Biden. “We need more safe and clean energy sources. And that includes the Keystone XL Pipeline.”