IECA In the News

Bill Would Force EPA to Report Costs of Regulations
Michael Bastasch, The Daily Caller (April 18, 2013)
“According to congressional testimony by Paul Cicio, president Industrial  Energy Consumers of America, the EPA imposes 972 regulations on the  manufacturing sector alone and imposes regulatory costs totaling $117 billion.”

LNG Approval Process Has Lots of Consequences, More Questions
Brian Scheid, Platts (April 2, 2013)
“Paul Cicio of Industrial Energy Consumers of America, a group that believes that approving LNG exports without limits will cause US gas prices to skyrocket, called on DOE to make its LNG application process more transparent. He also urged the department to stagger the approval of any export applications in order to prevent domestic gas prices from spiking. Cicio warned that if DOE approves all of the 16 or so pending export applications at once, the impact on the overall US economy could be devastating.

‘If export terminals are approved over a longer period of time, the domestic market place may have time to adjust, so as to avoid a price spike for domestic consumers,’ Cicio said in his testimony at the hearing. ‘On the other hand, approval of several terminals and shipments starting all at the same time could shock the domestic market, and prices could spike for all US consumers. Under this scenario, prices would increase right away in anticipation of the future demand.’”

LNG: Republicans Fume as DOE Official Deflects Questions About Timeline for Export Decision (Subscription required)
Hannah Northey, E&E Publishing (March 20, 2013)
“Paul Cicio, president of the trade group Industrial Energy Consumers of America (IECA), said he is not opposed to LNG exports but called on DOE to ‘do a better job’ on reviewing the economic effects of exports and said the current studies underestimate the effects on utility ratepayers and manufacturers. Cicio urged DOE to conduct a rulemaking on public interest criteria for each LNG export application, and he urged the agency to update assumptions in its reviews. A rush of new gas has already triggered $95 billion worth of investments among chemical, steel, glass and fertilizer companies, and that is slated to grow but could be jeopardized by large-scale exports that aren’t appropriately overseen, he said. ‘The U.S. is at an important crossroads,’ Cicio said. ‘So much is at stake.’”

Manufacturers to Push DOE for Staggered LNG Approvals, Decision Transparency
Brian Scheid, Platts (March 19, 2013)
“Paul Cicio, president of Industrial Energy Consumers of America, told a House Oversight and Government Reform subcommittee that expanded LNG exports ‘have the potential to slow or stop the manufacturing renaissance,’ according to his prepared testimony. ‘If export terminals are approved over a longer period of time, the domestic market place may have time to adjust, so as to avoid a price spike for domestic consumers,’ Cicio said in his testimony. ‘On the other hand, approval of several terminals and shipments starting all at the same time could shock the domestic market and prices could spike for all US consumers. Under this scenario, prices would increase right away in anticipation of the future demand.’”

Industrial Energy Consumers Call on US FERC to Study Gas Pipeline Capacity
Chris Newkumet, Platts (December 20, 2012)
“In a December 20 letter to Chairman Jon Wellinghoff, the Industrial Energy Consumers of America pointed to ‘growing evidence of potential electric reliability and natural gas deliverability issues that stem from coal-fired electric generation unit retirements and natural gas pipeline capacity sufficiency at peak demand.’”

Nod to Gas Exports in U.S. Study Seen Downplaying Consumer Cost
Jim Snyder and Bradley Olson, Bloomberg Businessweek (December 5, 2012)
“Once export applications are approved, there is no putting the genie back in the bottle. said Paul Cicio, president of Industrial Energy Consumers of America, a Washington-based manufacturing group.”

Federal Report says Natural Gas Exports Would Benefit Economy
Timothy Puko, Pittsburgh Tribune-Review (December 5, 2012)
“The best solution to our abundant supply is greater use domestically and  Congress should carefully look at the barriers to that end,” the Industrial  Energy Consumers of America said. “… Short-term impacts to price are (also)  understated. For sure, there will be extraordinary new demand by the industrial  sector” through 2020, increasing prices.”

Manufacturing is NOT Ready for Carbon Tax
Paul N. Cicio, National Journal (November 20, 2012)
“One thing for sure, manufacturing companies that compete globally are NOT ready for a carbon tax. And, policy makers who are supportive of building a thriving manufacturing sector must insist that a carbon tax and the higher energy costs that come with it – are off the table. A carbon tax would substantially increase the price of natural gas, electricity and transportation fuels.”

Energy Companies Win New Ally In Fight Over Tax Breaks
Tennille Tracy, First Enercast Financial (October 24, 2012)
“Energy companies have won a new set of allies in their politically charged effort to maintain billions of dollars of tax breaks that could be on the chopping block in coming months.”

“Manufacturers using natural gas as a feedstock or fuel–such as plastics, fertilizer or steel companies–say tax breaks for the energy industry trickle down to them in the form of cheaper natural gas prices, leading to a manufacturing revival in the U.S.”

“These projects would not exist, and may not continue to proceed, unless there is sustained confidence in the long-term supply of natural gas at globally advantaged prices,” the Industrial Energy Consumers of America said in a letter to several prominent lawmakers Wednesday.

What is Being Said About Coal Production Under President Obama?
Power Engineering (October 19, 2012)
“U.S. Rep. Ed Whitfield, (KY-01), Chairman of the House Subcommittee on Energy and Power, disputes President Obama’s claims regarding coal production in America and the impact his regulations are having on coal.”

“Paul N. Cicio, President of the Industrial Energy Consumers of America, said “In 2008, US manufacturing produced only 17.6 percent of the world’s manufacturing goods, down from 27 percent in 2000. Meanwhile, China increased their share from 8 percent to 17.3 percent in the same time period. In 2011, experts forecast that China now controls nearly 30 percent of the worlds market while the US is stuck in a jobless economic recovery and is struggling to reduce unemployment, increase exports and economic growth. This is not the time to implement untried [greenhouse gas] regulations with unknown, but potentially significant costs.”

Group Pushes U.S. House Republicans to Get Position Limits in Place
Platts (October 18, 2012)
“A financial reform group is pressing key US House Republicans to enact position limits in commodity markets, despite a court ruling which essentially overturned them. The coalition is a group of commodity end users which includes the American Public Gas Association, Industrial Energy Consumers of America and the Petroleum Marketers Association of America.”

“Putting aside the court’s ruling, we believe there is more than adequate evidence of excessive speculation, and more than adequate evidence that market opacity and excessive speculation have been disruptive to commodity markets and diminished confidence in these markets.”

The 10% 10% in 2016 Gas Export Problem
Paul N. Cicio, National Journal (September 27, 2012)
“The shale gas boom is the greatest opportunity for economic expansion that we will ever see in our lifetimes. There is a brewing problem however, that no one is talking about, that could squander this once in a lifetime economic opportunity. I call it the “10% 10% in 2016 Export Problem.”

NAT GAS Act Hurts Manufacturing Sector
Ashe Schow, Heritage Action for America (July 27, 2012)
“In addition to taxpayers, the manufacturing industry will also be a ‘loser’ in the government’s eyes, as the industry will suffer due to a rapid and market-distorted increase in demand, as the president of the Industrial Energy Consumers of America (IECA), Paul Cicio, explains in testimony.”

Manufacturers ‘Alarmed’ About Surging Natural Gas Demand
Jennifer A. Dlouhy, Fuel Fix (July 24, 2012)
“Paul Cicio, president of the Industrial Energy Consumers of America, said the group ‘is becoming very alarmed at the ever-increasing potential demand and over reliance on natural gas.’”

Proposed BLM Fracking Rule Has No Scientific Basis: IECA
Jim Magill, Platts (June 18, 2012)
“The federal Interior Department’s proposal to regulate hydraulic fracturing on federal lands has no scientific basis, the president of the Industrial Energy Consumers of America said Monday.”

Oil and Natural Gas Part Ways
Ken Silverstein, Forbes (May 14, 2012)
“The White House says that speculators are distorting those market fundamentals by buying up oil and creating the false perception that shortages exist. Prices then rise and the traders sell those “futures contracts” for quick profits. That’s a view generally supported by the Industrial Energy Consumers of America.”

Presidential Candidates Accelerate Oil and Gas Flames
Ken Silverstein, Energy Biz (April 25, 2012)
“Speculators are buying up oil and creating the false perception that shortages exist. Prices then rise and the traders sell those ‘futures contracts’ for quick profits, hurting American families. That’s a view generally supported by the Industrial Energy Consumers of America.”

Senate Republicans Try to Reverse Obama’s Pipeline Rejection
Environment News Service (February 1, 2012)
“Construction of the pipeline is supported by the American Petroleum Institute, the Association of Oil Pipe Lines, the Consumer Energy Alliance, the Independent Petroleum Association of America, the Industrial Energy Consumers of America, and the National Petrochemical and Refiners Association.”

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