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Natural Gas Policy Act Of 1978
The Natural Gas Policy Act of 1978 (NGPA) is federal legislation that had been enacted as a response to US natural gas shortages of 1976–77. It was enacted for the following motivations: * To create a balance between natural gas supply and demand, * Create a national gas market, and * Transition to market-based prices. The NGPA: * Authorized the Federal Energy Regulatory Commission (FERC) to regulate interstate and some intrastate natural gas production and transportation. * Was designed to encourage the development of new natural gas supplies by gradually deregulating wellhead gas prices. * Established maximum lawful prices (ceilings) for the sale of natural gas, which were phased out over a series of years, allowing market forces to set natural gas prices. The Natural Gas Policy Act (NGPA) was the first building block in a plan from the Carter Administration to increase energy supply while reducing domestic consumption of energy. It preceded the Energy Security Act that Presi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Energy Regulatory Commission
The Federal Energy Regulatory Commission (FERC) is the United States federal agency that regulates the transmission and wholesale sale of electricity and natural gas in interstate commerce and regulates the transportation of oil by pipeline in interstate commerce. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC is composed of five commissioners who are nominated by the U.S. president and confirmed by the U.S. Senate. There may be no more than three commissioners of one political party serving on the commission at any given time. Primary duties The responsibilities of FERC include the following: * Regulating the transmission and sale of natural gas for resale in interstate commerce; * Regulating the transmission of oil by pipelines in interstate commerce; * Regulating the transmission and wholesale sales of electric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellhead
A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for the drilling and production equipment. The primary purpose of a wellhead is to provide the suspension point and pressure seals for the casing strings that run from the bottom of the hole sections to the surface pressure control equipment. While drilling the oil well, surface pressure control is provided by a blowout preventer (BOP). If the pressure is not contained during drilling operations by the column of drilling fluid, casings, wellhead, and BOP, a well blowout could occur. When the well has been drilled, it is completed to provide an interface with the reservoir rock and a tubular conduit for the well fluids. The surface pressure control is provided by a Christmas tree, which is installed on top of the wellhead, with isolation valves and choke equipment to control the flow of well fluids during production. Wellheads are typically welde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Ceiling
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings ostensibly to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages. Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. In unregulated market economies, price ceilings do not exist. While price ceilings are often imposed by governments, there are also price ceilings that are implemented by non-governmental organizations such as companies, such as the practice of resale price maintenance. With resale price maintenance, a man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Jimmy Carter
Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President Gerald Ford in the 1976 election. His presidency ended following his defeat in the 1980 election by Republican Ronald Reagan. Carter took office during a period of " stagflation," as the economy experienced a combination of high inflation and slow economic growth. His budgetary policies centered on taming inflation by reducing deficits and government spending. Responding to energy concerns that had persisted through much of the 1970s, his administration enacted a national energy policy designed for long-term energy conservation and the development of alternative resources. In the short term the country was beset by an energy crisis in 1979 which was overlapped by a recession in 1980. Carter sought reforms to the country's welfare, hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Resources Journal
The University of New Mexico School of Law (UNM Law or New Mexico Law) is the law school of the University of New Mexico, a public research university in Albuquerque, New Mexico. Founded in 1947, it is the first and only law school in the state. With approximately 300 students and 32 faculty, UNM Law has a student-to-faculty ratio of 5 to 1, among the best in the nation. An average of 100 students are enrolled annually, with an acceptance rate of 44 percent. The Juris Doctor (J.D.) program is a full-time day program requiring completion of 86 credit hours in three years. The school also offers dual degree J.D./ Masters programs in Accounting, Latin American Studies, Business Administration, or Public Administration; a Master of Studies in Law (MSL); and certificates in Indian law and natural resources law. UNM Law maintains five full-time legal clinics and is unique in requiring all students to complete a clinical course to graduate. UNM Law has one of the highest student div ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Security Act
The Energy Security Act was signed into law by U.S. President Jimmy Carter on June 30, 1980. Thursday, 19 January 2017 It consisted of six major acts: * U.S. Synthetic Fuels Corporation Act * Biomass Energy and Alcohol Fuels Act * Renewable Energy Resources Act * Solar Energy and Energy Conservation Act * Solar Energy and Energy Conservation Bank Act * Geothermal Energy Act * Ocean Thermal Energy Conversion Act See also *Energy security *Energy Independence and Security Act of 2007 References DOE Timeline: 1971-1980 Department of Energy A Ministry of Energy or Department of Energy is a government department in some countries that typically oversees the production of fuel and electricity; in the United States, however, it manages nuclear weapons development and conducts energy-relat ...President Carter and the Search for Synthetic Fossil Fuels {{Authority control 1980 in law 96th United States Congress United States federal energy legislation Energy security ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jimmy Carter
James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party, he previously served as the 76th governor of Georgia from 1971 to 1975 and as a Georgia state senator from 1963 to 1967. Since leaving office, Carter has remained engaged in political and social projects, receiving the Nobel Peace Prize in 2002 for his humanitarian work. Born and raised in Plains, Georgia, Carter graduated from the United States Naval Academy in 1946 with a Bachelor of Science degree and joined the United States Navy, serving on numerous submarines. After the death of his father in 1953, he left his naval career and returned home to Plains, where he assumed control of his family's peanut-growing business. He inherited little, due to his father's forgiveness of debts and the division of the estate amongst himself and his siblings. Nevertheless, his ambition to expand and grow the fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Law
Energy laws govern the use and taxation of energy, both renewable and non-renewable. These laws are the primary authorities (such as caselaw, statutes, rules, regulations and edicts) related to energy. In contrast, energy policy refers to the policy and politics of energy. Energy law includes the legal provision for oil, gasoline, and "extraction taxes." The practice of energy law includes contracts for siting, extraction, licenses for the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. Renewable energy law International law There is a growing academic interest in international energy law, including continuing legal education seminars, treatises, law reviews, and graduate courses. In the same line, there has been growing interest on energy-specific issues and their particular relation with international trade and connected organizations like the World Trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
