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AP reports that falling natural gas prices in the US are making residential consumers happy for the time being, but notes that unconventional (shale) gas drilling has fallen off a cliff in recent months - Homes that use natural gas for heat could save big. The 60 million American homes that rely on natural gas for heat can expect substantially lower bills next winter thanks to a glut in supply and the weak economy. Just as distributors start to lock in contracts for the coming winter, natural gas prices have fallen almost 75 percent. Not all of that will show up as savings on the heating bill, but it should still mean noticeable savings. Utilities also generate about a fifth of the nation's electricity with gas, and many of their customers should notice price breaks as well.

Natural gas will provide an increasing share of America's energy needs over the next several decades, doubling its share of the energy market to 40 percent, from 20 percent, according to a report to be released Friday by the Massachusetts Institute of Technology. The increase, the report concluded, will come largely at the expense of coal and will be driven both by abundant supplies of natural gas - made more available by shale drilling - and by measures to restrict the carbon dioxide emissions that are linked to climate change. In the long term, however, the future may be dimmer for natural gas if stricter regulations are put in place to cut greenhouse gas emissions by 80 percent below 1990 levels by 2050 - a goal set by President Obama. Although lower in carbon than coal, natural gas is still too carbon-intensive to be used under such a target absent some method of carbon capture, the authors of the report concluded.

Inhabitat has a report from Bulgaria on the continuing impasse between Russia and the Ukraine over Russian gas exports - Gazprom Crisis Engulfs Europe. Home heating price increases have certainly been a major concern for recession-strapped households in northern climates, but the possibility of having one's heat completely shut-off in this new era of natural resource 'muscle flexing' and bitter political show-downs is perhaps a whole new energy policy boiling point in Europe and beyond. Russia's decision this week to turn off the flow of gas from its Gazprom pipelines to the Ukraine, which in turn forced many European countries to rely on their (in some cases virtually nonexistent) gas reserves, demonstrates the dire need to identify alternatives to Siberia and the Middle East for our massive oil and gas dependencies. Given that my family and I are currently in Bulgaria for six weeks, we are experiencing the Gazprom gas cut-off crisis first-hand. This issue will not be going away any time soon, despite the band-aid patches that will crop up over the next few weeks and months.

Norma Fiorentino's drinking water well was a time bomb. For weeks, workers in her small northeastern Pennsylvania town had been plumbing natural gas deposits from a drilling rig a few hundred yards away. They cracked the earth and pumped in fluids to force the gas out. Somehow, stray gas worked into tiny crevasses in the rock, leaking upward into the aquifer and slipping quietly into Fiorentino's well. Then, according to the state's working theory, a motorized pump turned on in her well house, flicked a spark and caused a New Year's morning blast that tossed aside a concrete slab weighing several thousand pounds.

Vote to pass a bill that expands offshore drilling leases and extends renewable energy tax credits. Official Title of Legislation: HR 6899: To advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors, and for other purposes. Highlights:

Record high gas prices have been making the news headlines for the past few months. Each week gas prices top the previous week, resulting in a new all-time high. Unless you are fortunate enough to live, work and play within walking distance from your home, you have been affected by these high gas prices like the rest of the nation. While the public continues to be outraged about gas prices, some politicians (McCain, Bush, and Gingrich) are taking advantage of the dire situation by organizing a push to drill for oil along our coastlines and lift a 27-year moratorium.

Two interesting observations: 1. 50% of U.S. power generation (in MWh) comes from coal, while only 20% comes from natural gas. 2. 32% of total U.S. power generation capacity (in MW) is coal-fired, while 42% is gas-fired. When it runs, the natural gas fleet emits just 50% of the CO2 of the coal fleet, which raises a rather interesting question: what would we have to do to make it run harder? And how big a difference would that make in our national CO2 footprint? MW vs. MWh So why, if we have more natural gas generation capacity, do we get more of our power from coal?

Fellow Americans we must stop investing in roads, highways and parking lots. The automobile must go the way of the horse as an antiquated way of getting around. Find a better way now, before desperation forces us to do so. Let's lead the world to a better future, not follow the status quo into pollution and sprawl. I worked in the oil and gas exploration and production industry for 25 years. Few citizens fully understand the scope of the current oil and gas production infrastructure in this country. There are tens, if not hundreds of thousands of oil and gas wells across this country all pumping oil and gas continuously around the clock. Pipelines criss-cross the sea bottom and the landscape carrying millions of gallons of fuel, yet the domestic production meets only a fraction of the current demand for the products. No amount of domestic drilling can meet the country's demand. This world must change its energy infrastructure and transportation systems, and America should lead the way.

Fellow Americans we must stop investing in roads, highways and parking lots. The automobile must go the way of the horse as an antiquated way of getting around. Find a better way now, before desperation forces us to do so. Let's lead the world to a better future, not follow the status quo into pollution and sprawl. I worked in the oil and gas exploration and production industry for 25 years. Few citizens fully understand the scope of the current oil and gas production infrastructure in this country. There are tens, if not hundreds of thousands of oil and gas wells across this country all pumping oil and gas continuously around the clock. Pipelines criss-cross the sea bottom and the landscape carrying millions of gallons of fuel, yet the domestic production meets only a fraction of the current demand for the products. No amount of domestic drilling can meet the country's demand. This world must change its energy infrastructure and transportation systems, and America should lead the way.

Robert Redford has come under fire from the Congress of Racial Equality (CORE). In what seems like a bizarre veering off-mandate for a movie star and the civil rights group who once coordinated the Washington march led by Martin Luther King Jr, they've come to verbal blows over oil and gas drilling. Roy Innis, national chairman of CORE said, "If Robert Redford succeeds in blocking natural gas production in Utah, it's going to hurt a lot of people on the other end of the pipeline-especially low-income families who are struggling to pay their heating bills." And apparently, the organisation is planning to protest against Redford at his own Sundance Festival. Has CORE sold out to gas and oil? Some critics say that CORE has moved away from its key activity because it is funded by the oil and gas industry: Exxon has provided over $250,000 to the group, but CORE says this is part of their role - or as their website says, "Under the banner of TRUTH! LOGIC! & COURAGE!, CORE continues to promote harmony and healing in all aspects of society; calling the shots straight-even when it hurts-and confronting the haters, race-baiters and racial racketeers bent on keeping us apart"

A joint venture between Royal Dutch Shell and Iraq's state-owned South Gas Co. could give Shell a 25-year monopoly on production and exports of natural gas in much of southern Iraq - the biggest foreign role in Iraq's oil and gas sector in four decades. The planned venture, spelled out in a 16-page document obtained by United Press International, goes well beyond descriptions provided by Iraqi and Shell officials on Sept. 22, when they held a public signing ceremony in Baghdad.

The bill will establish the core of a federal program to reduce U.S. greenhouse gas emissions substantially enough between 2008 and 2050 to avert catastrophic global warming. It will accomplish that purpose without harming America's economy or imposing hardship on its citizens. The greenhouse-gas emissions cap in the Climate Security Act covers U.S. electric power, transportation, manufacturing, and natural gas sources that together account for 87% of U.S. greenhouse-gas emissions.

U.S. public lands estimated to hold 31 billion barrels of oil and 231 trillion cubic feet of natural gas WASHINGTON, D.C. -- With average national gas prices hovering around $4 per gallon, the Department of the Interior's Bureau of Land Management today released a study that shows vast untapped oil and natural gas resources exist on public lands in the United States. "America has abundant energy resources," said Assistant Secretary of the Interior for Land and Minerals Management C. Stephen Allred. "However, for a variety of reasons, many of these resources are not available for development. At a time when energy prices have reached record levels and Americans are feeling the impact, we must find ways to develop those key energy resources that are available to us right here at home, on our public lands."

Relatively low taxes have kept pump prices far below most other developed nations, which some say is precisely why the current runup is so painful. Despite daily headlines bemoaning record gas prices, the U.S. is actually one of the cheaper places to fill up in the world. Out of 155 countries surveyed, U.S. gas prices were the 45th cheapest, according to a recent study from AIRINC, a research firm that tracks cost of living data. The difference is staggering. As of late March, U.S. gas prices averaged $3.45 a gallon. That compares to over $8 a gallon across much of Europe.

"Russia is launching a new all-out offensive on the European energy market. President Dmitry Medvedev and Prime Minister Vladimir Putin have spent the past several days on individual tours through Europe, securing new natural-gas contracts and partners for Russian-built pipelines, clarifying Russian claims to oil and gas reserves in the Arctic, and searching for clients ready to pay for Russia's nuclear-plant technology. On April 27, Medvedev concluded a two-day trip to Oslo, where he and Norwegian leaders agreed on a plan to delimit their Arctic maritime border. The decision -- combined with recent melting of Arctic ice -- paves the way for the area to be opened for oil and gas exploration. The deal is a long-awaited achievement for Russia. In 2008, Medvedev called the Arctic "Russia's resource base of the 21st century." Some energy experts estimate that up to 25 percent of the planet's oil and gas reserves lie beneath the Arctic's Barents Sea. "

Alaska has enough natural gas trapped in ice formations beneath permanently frozen subsoil and offshore to heat more than 100 million homes for a decade, a U.S. report estimated. Hydrates, crystalline structures consisting of gas and water locked below the permafrost, contain 85.4 trillion cubic feet of natural gas, the Interior Department's U.S. Geological Survey said in a report released today. "The hydrates have more potential for energy than all other fossil fuels combined," Interior Secretary Dirk Kempthorne said in a news conference. "This is a huge resource for energy, and one cannot overstate that."

U.S. federal oil and gas royalties are payments made by firms to the federal government in exchange for the opportunity to explore for oil and gas on government-owned land or water. Traditionally, most of the funds generated by these royalties have gone directly into the general U.S. Treasury. Some of the funds have been directed to the Historical Preservation Trust Fund and the Land and Water Conservation Fund. During most of the twentieth century, oil and gas companies generally paid between 12.5 and 16.7 percent in royalties for a lease to drill on public land or water. Over time, these royalty payments generated over $100 billion in revenues.

Federal regulators said Friday that Fort Chicago Energy Partners LP's (FCE.UN.T) proposed liquefied natural gas terminal in the Pacific Northwest could be built without significant environmental losses, paving the way for possible approval. In a final environmental impact statement, the Federal Energy Regulatory Commission said the Jordan Cove LNG import terminal proposed near the Oregon coast, plus a 234-mile natural gas pipeline that would ship imported gas from the terminal to nearby interstate pipelines, could be built in a way that minimizes the potential threat of earthquakes, accidents and a terrorist attack, as well as potential harm to soil, wetlands and water resources.

Here is a list of energy news items that the WattzOn team found most interesting in 2008: * CO2 is officially a pollutant (maybe) - In a ruling by the Environmental Appeals Board (a panel within the EPA), it was decided that the EPA has no valid reason to not limit CO2 emissions from coal plants. Confusingly, the EPA has recently overruled itself by stating that officials cannot consider greenhouse gas outputs in judging applications to build new coal-fired power plants. So, it's back up in the "air." * We need to be at 350 PPM of CO2 - James Hansen of Columbia University, and NASA's head of the Goddard Institute for Space Studies, published a landmark paper: "Target Atmospheric CO2: Where Should Humanity Aim?" in which he argues for an atmospheric CO2 concentration of 350 parts per million (PPM) for humanity to be safe on this planet. As some background, pre-industrial Earth had a CO2 concentration of around 275 PPM, and for years policy makers have set a target regulatory goal of 550 PM - twice that number. More recently, 450 PPM has been proposed as a better goal by the EU and a few others. Unfortunately, recent evidence has shown that the Arctic sea is melting at an alarming rate and a giant ice sheet in Greenland is starting to slide into the ocean. This is the reality with the world today at 383 PPM. Hansen points out that this means we set overly lax targets and proposes the 350 PPM goal with tons of paleo-climatic data to back him up. We need to bring the CO2 in our atmosphere back down to this concentration. * Energy scientists primed to enter government - US President-Elect Obama has nominated Steven Chu to be the Secretary of Energy, and named John Holdren as the Assistant to the President for Science and Technology / Director of the White House Office of Science and Technology Policy / Co-Chair of the President's Council of Advisors on Science and Technology. As the President-Elect puts it, "Today, more than

President-elect Barack Obama has removed any reference of his promise to implement a windfall profits tax on the oil and gas industry from the Obama-Biden Transition Team website, www.change.gov. During the course of the 2008 presidential election, the Obama campaign called for a windfall profits tax on the oil industry as a means of subsidizing a $1,000 "emergency" rebate for consumers struggling with surging gas prices. However www.change.gov, which houses the Obama-Biden transition agenda, was recently cleansed of any mention of such a tax.