NEW ENGLAND’S RELIANCE ON…TRINIDAD: The U.S. imports very little liquefied natural gas anymore, but what it does bring in has in recent years come almost exclusively from one single source that would surprise most: Trinidad.
The largest monthly volumes came during the cold periods of January and February, although the region did receive shipments over the summer. The region imported no LNG in September and October and received 1.2 bcf in November. December’s figures are outstanding. Why not gas from home: Some gas industry players have raved about how easy it would be to move gas from the Cove Point LNG terminal in Maryland, or Elba Island in Georgia, up the East Coast and into New England, but the Jones Act limits the region’s ability to get homegrown LNG.
Exxon, the largest U.S. oil company, recorded profits of $12.75 billion in the fourth quarter of the year, up from $8.9 billion during the same period during 2021. In total, profits for 2022 surpassed its previous record, set in 2008, by more than $10 billion. PHILLIPS ALSO POSTS SKY-HIGH Q4 PROFITS: The Houston-based refiner Phillips also reported soaring Q4 profits this morning amid ongoing fuel demand. The company posted earnings today of $1.9 billion, or $3.97 per share, for the fourth quarter of 2022, compared to $1.3 billion, or $2.88 per share, in the last three months of 2021.
The Colorado River supplies water to 40 million people and helps support the area’s $5 billion-per-year agriculture industry, making any plans to reduce its water use highly contentious. The plan put forth by the six Western states is not final, and negotiations over how to restrict Colorado River use are ongoing. Read more from the Associated Press here.
“Families already reeling from inflation, the pandemic and climate disasters shouldn’t also have to face skyrocketing utility bills beyond their ability to pay,” Selah Goodson Bell, with the Center for Biological Diversity’s energy justice program, told Bloomberg. Read the full study here. Automakers are doing what it takes to lock in contracts with U.S. mining projects and others that meet the Inflation Reduction Act’s sourcing requirements for the consumer clean vehicle tax credit, or else miss out on the full subsidies.
Ridiculous. Why are the citizens standing for this bs?
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