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FROM THE OIL PATCH

HEADLINES OF INTEREST

PG&E moves power underground in plan to bury 10,000 miles

Pacific Gas & Electric Co. is working on an ambitious project to bury thousands of miles of power lines in an effort to prevent igniting fires with its equipment and avoid shutting down electricity during hot and windy weather. PG&E announced last year that it planned to bury 10,000 miles (16,000 kilometers) of power lines in the next decade at a projected cost of $15 billion to $30 billion. The announcement came just days after PG&E informed regulators that a 70-foot (23-meter) pine tree that toppled on one of its power lines ignited a major fire in Butte County, the same rural

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Inflation rates taking toll on new US infrastructure projects

The price of a foot of water pipe in Tucson, Arizona: up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. The estimate to build a new airport terminal in Des Moines, Iowa: 69% higher, with a several year delay. Inflation is taking a toll on infrastructure projects across the U.S., driving up costs so much that state and local officials are postponing projects, scaling back others and reprioritizing their needs. The price hikes already are diminishing the value of a $1 trillion infrastructure plan President Joe Biden signed into law just seven months ago. That

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Democrats Still Focused On Punishing Big Oil As Gas Tops $5 A Gallon

Democratic leaders on the House Natural Resources Committee sent letters to five public relations (PR) firms Sunday, requesting information about their work with the fossil fuel industry. Arizona Rep. Raúl Grijalva, the committee’s chairman, and California Rep. Katie Porter, the top Democrat on the panel’s oversight and investigations subcommittee, accused

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ANALISIS & INSIGHTS

Preston Pipe Report – May 2022

(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Back in February, we wrote about new FERC regulations that had been enacted that could

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