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New England needs to secure more natural gas capacity, pipeline operator suggests
Bangor Daily News
New England power generators need to lock into more natural gas pipeline capacity to avoid a supply squeeze and record prices seen last winter, Spectra Energy Corp.’s chief executive officer said. Houston-based Spectra, which operates about 22,000 miles of pipelines, said after quarterly earnings issued that it committed $2 billion to six pipeline projects during the second quarter.
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Owner pulls plug on sale of Maine's largest power plant
Portland Press Herald
Put up for sale last year and facing a possible shutdown, Maine’s largest power plant has been taken off the market.
Wyman Station in Yarmouth had been essentially written off as obsolete and too costly to run. But in the topsy-turvy world of energy supply and demand, the 57-year-old oil-fired generator suddenly appears to be valuable again.
Fire chief gives evaluation of propane danger on railway
Seacoast Online
Portsmouth Fire Chief Steve Achilles studied what could happen if there was a catastrophic failure involving a propane rail car after city councilors raised concerns about the expansion of the Sea-3 propane facility in Newington and the corresponding dramatic increase in rail cars carrying propane on Pan Am Railway's tracks.
Study: Keystone XL could mean more carbon emissions than estimated
Portland Press Herald
Building the Keystone XL pipeline could lead to as much as four times more greenhouse gas emissions than the State Department has estimated, according to a study published in the journal Nature Climate Change that uses different calculations about oil consumption.
Democrats risk blue-collar rebellion
New Geography
If California is to change course and again become a place of opportunity, the impetus is likely to come not from the perennially shrinking Republican Party but from working-class and middle-class Democrats.
This group, long quiescent, has emerged most notably in opposition to the state’s anti-global warming cap-and-trade policies, which will force up energy prices. Recently, some 16 Democratic Assembly members, led by Fresno’s Henry Perea, asked the state to suspend the cap-and-trade program, which will add as much as a dollar to what already are among the highest gasoline prices in the nation.
President Barack Obama's climate push takes center stage
Politico
The Obama administration and its supporters fanned out around the country to press the case for acting on climate change, arguing on the Hill, at packed Environmental Protection Agency hearings and in a new White House report that the price for doing nothing is far too high.
Deep water fracking next frontier for offshore drilling
Bloomberg via Bangor Daily News
Energy companies are taking their controversial fracking operations from the land to the sea - to deep waters off the United States, South American and African coasts.
Cracking rocks underground to allow oil and gas to flow more freely into wells has grown into one of the most lucrative industry practices of the past century. The technique is also widely condemned as a source of groundwater contamination. The question now is how will that debate play out as the equipment moves out into the deep blue. For now, caution from all sides is the operative word.
Company forging ahead with proposed $125 million Pembroke power project
Bangor Daily News
A company seeking to develop a dam-like structure across the Pennamaquan River in Pembroke and utilize tidal currents to produce electricity began two days of meetings with state and federal officials.
Halcyon Tidal Power is seeking approval for a $125 million project to build a 1,616-foot tidal “barrage” or low dam across the Pennamaquan River between Leighton Neck and Hersey Neck in order to harness the powerful tides of the Cobscook Bay.
CVS feeling the pinch from lack of tobacco sales
NACS Online
When CVS announced it would stop selling tobacco products earlier this year at its 7,700 stores, it knew the change would impact its bottom line, reports Bloomberg BusinessWeek.
“After the company’s latest earnings report, we now have a real sense of the tobacco-free toll on the drugstore chain’s business: $2 billion in lost revenue over a full year,” writes the news source.
Who might buy CITGO Petroleum?
CSPnet.com
Venezuela, strapped for cash at home and staring down costly litigation overseas, is considering a deal for CITGO Petroleum Corp. and other assets, according to a CITGO document obtained by The Wall Street Journal. But the suggestion by Venezuelan Petroleum Minister Rafael Ramirez that state-run oil company Petróleos de Venezuela SA would sell off some or all of its U.S. refinery holdings does not appear to be drawing much interest from independent refiners, according to an Argus report.
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Convenience store group opposes age 21 smoking limit
NACS Online
Beginning this week, Englewood, New Jersey’s, citywide ban on tobacco and nicotine sales to anyone under 21 will go into effect. But representatives of the state’s gas station and convenience store owners say the ban will hurt small businesses and infringes on the rights of their adult customers.
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