{"id":609,"date":"2011-01-21T17:13:44","date_gmt":"2011-01-21T17:13:44","guid":{"rendered":"http:\/\/blogs.edf.org\/texasenergyexchange\/?p=609"},"modified":"2011-03-30T14:40:12","modified_gmt":"2011-03-30T14:40:12","slug":"homegrown-energy-solutions","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2011\/01\/21\/homegrown-energy-solutions\/","title":{"rendered":"Homegrown Energy Solutions"},"content":{"rendered":"

We want to commend\u00a0 Lt. Governor David Dewhurst <\/a>who announced his interest last week\u00a0 <\/a>in increasing Texas\u2019 use of its abundant natural gas resources by using market-based incentives to shift power plants from burning coal to natural gas.<\/p>\n

This move would have a tremendous impact on the Texas economy when we need it most.\u00a0 We can finally stop the one way train filled with the $2 billion Texas sends to other states every year in exchange for coal that provides no real benefit to our economy and pollutes our air.\u00a0 Natural gas will help create jobs through exploration, construction and maintenance of new facilities.\u00a0 It is homegrown and could help solidify Texas\u2019 continued energy dominance as we reduce our dependence on imported fossil fuels and focus on Texas\u2019 domestic energy resources, including renewable energy.\u00a0\u00a0<\/p>\n

Texas could maximize the economic benefits of natural gas if the Legislature would adopt proposals to reduce the unnecessary waste of natural gas.\u00a0 An October 2010 report by the US Government Accountability Office<\/a> says that 4.2% of gas produced on federal leases is lost through venting or flaring.\u00a0 And at least 40% could be captured with available technologies that pay for themselves with the additional revenue from selling the captured gas.\u00a0 As noted in the Comptroller\u2019s recent “No Regrets” report<\/a>, changing state policy to require the economic capture of vented and flared gas \u2013 meaning that 40% of the 4.2% now vented or flared would be captured \u2014 could enable the state to collect an additional 1.7% in income from royalties and severance taxes.\u00a0 \u00a0We estimate that this would translate to a range of $50 million\u00a0to as much as $100 million for the state over the biennial budget period.\u00a0 As the 82nd<\/sup> Legislature scours the budget, program by program,\u00a0those millions of dollars\u00a0mean more teachers in classrooms or more doctors in our hospitals.<\/p>\n","protected":false},"excerpt":{"rendered":"

We want to commend\u00a0 Lt. Governor David Dewhurst who announced his interest last week\u00a0 in increasing Texas\u2019 use of its abundant natural gas resources by using market-based incentives to shift power plants from burning coal to natural gas. This move would have a tremendous impact on the Texas economy when we need it most.\u00a0 We …<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[693,181],"tags":[],"coauthors":[],"class_list":["post-609","post","type-post","status-publish","format-standard","hentry","category-natural-gas","category-texas"],"acf":[],"yoast_head":"\nHomegrown Energy Solutions - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2011\/01\/21\/homegrown-energy-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homegrown Energy Solutions - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"We want to commend\u00a0 Lt. Governor David Dewhurst who announced his interest last week\u00a0 in increasing Texas\u2019 use of its abundant natural gas resources by using market-based incentives to shift power plants from burning coal to natural gas. 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