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As California expands its efforts to phase out natural-gas use in homes, the nation’s largest gas utility is trying to reinvent itself for a future in which far fewer customers use its core service. Southern California Gas Co., a unit of Sempra, is studying how to repurpose its system—and handle the costs of doing so—as the state works to ban the sale of gas furnaces and water heaters starting in 2030. The state’s initiatives are the latest in a series of measures aimed at reducing future gas use to address climate-change concerns. Already, about 50 California cities and towns have...

If you thought that American life became expensive under the Biden administration, you haven’t seen the worst of it yet. The U.S. Energy Department projects heating bills for Americans who rely on natural gas, which is roughly half of Americans, to increase by 28% this winter. Here is the average increase in costs for heating this winter according to the Energy Information Administration: Natural Gas: $931 (+28%) Heating Oil: $2,354 (+27%) Electricity: $1,359 (+10%) Propane: $1,668 (+5%) It’s no surprise that natural gas has become so much more expensive. The United States used to be one of the leading producers...

While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday. Flourishing natural gas production in the Permian has swamped pipelines, putting an undue burden on takeaway capacity, resulting in an oversupply situation that has caused natural gas prices to sag to as low as 20 cents, traders have reported, and up to 70 cents per MMBTU. That compares with overall U.S. natural gas futures that are trading at more than $5 per MMBTU. Meanwhile, Europe’s nat gas...

As if residents of the Golden State did not have enough to make them miserable with wildfires, mudslides, mounting crime, high prices, energy shortages, and homeless people leaving various substances on city streets. Now the California Air Resources Board, or CARB (good grief, even the acronyms are ridiculous), is gearing up to rid the state of natural gas heaters and furnaces. According to The Hill, last week, the board passed a proposal that will lay the groundwork to phase out space heaters and water appliances by 2030. The Hill notes that the move is part of an effort to meet...

by Samantha Foster | 24NewsJust one week after passing a law to ban all non-electric cars and trucks by 2035, and just days after begging owners of electric vehicles NOT to charge them, California has made another move that shows the catastrophic effect of their “green” hysteria.Due to the current "critical" strain on its electrical grid, California has declared a statewide grid emergency and facing the potential of rolling blackouts, California has activated four gas-powered emergency generators.You heard that right. The same Gov. Gavin Newsom who is forcing his citizens to buy only electric cars can't power his own state...

The green agenda coalition now is demanding the elimination of natural gas furnaces and appliances in homes nationwide, a move that could trigger replacements costs of $12,000 for homeowners. And the plan is being slammed as representing a federal government "out of control," according to a state lawmaker. The plan is being pushed by the Sierra Club and dozens of other "environmental" groups, who are demanding the Environmental Protection Agency ban the use of natural gas for home heating – everywhere in the country. The groups' petition claims that the federal agency absolutely has to regulate "deadly pollution" from the...

<p>FUTURES MOVERS Oil futures fell Wednesday, extending the previous session’s sharp decline amid worries about the global economic outlook as central banks move to squelch inflation.</p><p>Oil is heading for a third monthly drop, despite the Ukraine war, with slower economic growth expected in Europe, China and the U.S. as economies recover from the disruptions caused by the coronavirus pandemic and central banks raise interest rates to combat inflation.</p>

Kiev has the right to siphon off supplies destined for the EU, a Ukrainian politician claims. The former chairman of Ukraine’s parliament, the Rada, Dmitry Razumkov has stated that Kiev has the right to confiscate Russian gas that flows to the EU through Ukraine, and sell it in order to solve the country’s economic problems. “The gas that is transported through the territory of Ukraine is Russian. To the border with Europe, it is Russian gas. And if we act in accordance with the law, we e should confiscate it,” he said in a video posted on Facebook on Friday....

Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint Organisations Data Initiative (JODI) showed on Wednesday. While U.S. natural gas production has been rising in recent months alongside LNG exports, Russian gas production has plummeted since Russia invaded Ukraine at the end of February. In June, Russian gas production plummeted 18 percent month on month, falling for three consecutive months. Russia’s gas output in June was at 70 percent of March levels, according to data from JODI, which compiles self-reported...

BERLIN - The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war.European ministers warned that it was unclear whether Moscow would turn the taps on the Nord Stream 1 pipeline back on after the 10 days of scheduled work. Germany's economy minister, Robert Habeck, said Berlin was concerned about a "nightmare scenario" this winter if Russia decides against doing so."Everything is possible, everything can happen," he told Deutschlandfunk radio...

Today I am risking being too glib, but my excuse is aspiring to meet the Einstein standard, “Make everything as simple as possible, but not simpler.” It’s not hard to see that as rough as economic conditions are now, they are set to get worse. And it’s not hard to see that despite the considerable blowback from the sanctions against Russia, the West is not going to relent. Here’s a simple baseline forecast. Russia wins in Ukraine. The West may try to define it somehow as not a victory, but it’s hard to see how Russia does not take the...

A gas pipeline explosion in Texas on July 7 was followed by a gas plant explosion in Oklahoma on July 9. Two incidents do not necessarily make a trend, but it’s conspicuous that they are happening now as natural gas prices are already set to rise dramatically ahead of winter. Is this an attack by the powers-that-be, whether it’s the globalists with the “Liberal World Order” or the climate change maniacs acting as eco-terrorists? We already know our food infrastructure is under attack with dozens of food processing plants mysteriously having “industrial accidents” in recent months. We were among the...

The Germans aren’t laughing now. In fact, gas prices are so high in Germany today that wood-burning stoves and firewood have become scarce nationwide. German citizens are loading up on wood to heat their homes next year — just like they did in the Middle Ages.

Some landlords in Germany are rationing hot water and will turn down the heating as Europe's largest economy battles soaring energy costs due to reduced supplies of Russian natural gas. German real estate company, Vonovia, said it would lower tenants' heating during the night to cut costs. In a statement sent to Insider, the company said the move was designed to "save as much gas as possible," adding that reducing temperatures between 11pm and 6am would reduce heating costs by about 8%. Some tenants in Dippoldiswalde, Saxony, will only be able to take a hot shower between 4am and 8am,...

As I line up my move from Fairfax VA to Columbus OH, I am getting a variety of quotes from moving companies. And wow! The cost of moving using a national moving company for a 4 bedroom house is $15,000 to $20,500. That includes International, North American and Bekins. One of the reasons for the high cost of moving is the massive increase in diesel fuel used for trucking. Diesel fuel under Biden has risen 117%. And since it was revealed that natural gas often is used for electric charging stations, and NATGAS is up 281% under Biden (but there...

Norway’s excess oil and gas profits will exceed one hundred billion euros. It is indirectly preying on Putin’s induced war. It is unfair, they should share, said Prime Minister Mateusz Morawiecki on Saturday at a meeting with young people. He called on young people to “write to their friends in Norway” about this. On Saturday, the head of government participated in a question and answer session during the National Youth Dialogue Congress. He said the surplus – in excess of the annual average of recent years – oil and gas profits from “a small country of five million like Norway...

With Russia demanding ruble payments for its natural gas supplies, German utility giant Uniper plans to continue paying in euros for its upcoming bill at the end of May, and it won't be a breach of sanctions, the company announced Wednesday. The Kremlin has demanded that European gas buyers create two accounts with Gazprombank, one for euros and one that converts the currency into rubles. The European Union, however, said complying with this mechanism would violate its wartime sanctions. According to a Uniper spokesperson, the company remains confident it can keep paying in euros, though it remains unclear whether it...

Moscow previously issued a new decree requiring "unfriendly states" to pay for Russian gas in rubles. Kremlin includes all countries that have imposed sanctions on Russia "unfriendly". European companies will be able to pay for the Russian gas while meeting Moscow's demands to do so in rubles without violating EU sanctions at the same time. The scheme proposed by the European Commission suggests that companies will wire their payments in euros or dollars to a bank account in Russia, where the currency will be converted into rubles. Brussels' memo said that the European firms' obligations will be complete once the...

U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy crunch and as forecasts called for cooler spring temperatures. Futures jumped 10% to trade as high as $8.05 per million British thermal units, the highest since September 2008. The jump builds on recent strength, with natural gas coming off five straight positive weeks. Prices later retreated slightly, with the contract ending the day 7.12% higher at $7.82. “The impact of the conflict between Ukraine and Russia is likely to be long-lasting for North American natural gas...

The Interior Department on Friday announced another round of oil and gas lease sales on public lands as well as an increase in royalty rates. The administration initially froze new leasing on public lands shortly after President Biden took office, but a federal district court that summer issued an injunction against the order. The department cited that injunction in announcing the lease sales. In the announcement, the department said the Interior Department will issue final sales notices for the upcoming sales Monday. The Interior Department also announced a royalty hike, increasing rates from 12.5 to 18.75 percent. “How we manage...