4 The New York Mercantile Exchange (NYMEX) natural gas futures closing price, which hit $8.39 on August 27, 2008, plummeted to $3.47 by October 29, 2012-a decrease of 58.5 percent. In September 2008, the natural gas rig count peaked at 1,585 rigs but by November 2012, the total rig count fell 73.4 percent to 421 rigs. In turn, lower prices can erode incentive for drilling, which eventually results in decreased production.” 3 Since 2008, this has held true for domestic rig counts. The EIA notes that, “increased natural gas supply tends to dampen prices. 2 Eventually, effects of oversupply took hold. As natural gas prices peaked in July 2008, drilling activity (as measured by rig counts) hit an all-time high. However, data indicate that increasingly higher natural gas prices during the first half of 2008 lured additional shale gas to the market. Since shale gas has been a key player in domestic natural gas production for only a few years, and because it has been tracked over a relatively short period (since 2007) by the Energy Information Administration (EIA), analysts find that it is difficult to quantify precisely the effects that shale gas has had on natural gas prices. Bureau of Labor Statistics and the Energy Information Administration. New fracked gas pipelines will also lock our region into decades of dirty fossil fuel use.Īn executive for the company promoting the fracked gas-to-methanol refineries has even admitted that building both of the proposed methanol refineries would require a massive new fracked gas pipeline into the Pacific Northwest.Producer Price Index (PPI) for natural gas and natural gas domestic production, January 2007–December 2012 Month New fracked gas pipelines threaten land and water, private property rights, and human health and safety. That’s an awful lot of gas to be piping into a region that is clearly moving away from its reliance on fracked gas. For context, one dekatherm would provide enough gas to fully service five average-sized households so TC Energy’s expansion is equivalent to the amount of gas necessary to service 1.2 million households each day. In addition, TC Energy is full steam ahead with plans to expand its Gas Transmission Northwest (GTN) pipeline by 250,000 dekatherms per day (Dth/d). Hood National Forest, and the Sumas Express pipeline would transect Washington along the Interstate 5 corridor. In response to mega-fracked gas proposals like the methanol refineries, the gas industry proposed two massive pipelines. However, the new proposals to use massive amounts of fracked gas would over-tax our existing pipeline system. The existing gas pipeline system is meeting our region’s needs, and residential gas use is not projected to grow significantly. Read more Pipelinesįracked gas to feed all of these proposed methanol refineries, power plants, and petrochemical facilities would come into the Pacific Northwest in massive pipelines. We are currently fighting to stop a proposed fracked gas power plant that threatens people’s health and would undermine Oregon’s climate goals. Learn more Fracked-gas-fired power plantsĪs coal-fired power plants started to come offline, instead of increasing efficiency and investing in renewable energy options, energy companies proposed numerous new fracked-gas-fired power plants across Oregon. The company proposed storing anhydrous ammonia several thousand feet from homes and transferring the ammonia in 100 to 200 tanker trucks per week and ocean-going ships. Anhydrous ammonia is an extremely hazardous chemical that threatens people’s health and safety. In another incredible victory for the climate and river communities, in 2020 Pacific Coast Fertilizer LLC abandoned plans to build and operate a 61-acre petrochemical facility in Longview, Wash. Learn more Fracked gas-to-anhydrous ammonia plant In a stunning victory, we defeated the Kalama refinery in 2021. Each refinery would emit more than 1 million tons of greenhouse gases from the smokestacks alone-and emit up to 7 million tons when “upstream” methane leakage is considered. A single refinery could consume 320 million cubic feet of fracked gas per day, more than all other industrial uses in the State of Washington combined. Methanol is a chemical used to make plastic or burned as a fuel. Northwest Innovation Works proposed building two of the world’s largest fracked-gas-to-methanol refineries in Kalama, Was. This includes fracked-gas-to-methanol refineries, pipelines, and fracked-gas-fired power plants. Today, the gas industry plans a stunning increase in fracked gas infrastructure and consumption in Washington and Oregon. At a time when we need to move aggressively away from fossil fuels-and towards efficiency and renewables-building more fracked gas infrastructure would dramatically increase our region’s fossil fuel consumption for decades. ![]() "natural" gas) users is important to fighting climate change. Stopping the nation’s largest new fracked gas (a.k.a.
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