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Gas Prices Went Down: What’s Next?

This year, we’ve been very vocal about the costs of producing consumer oil and gas and how much everyone is paying at the pump.

Regions of the United States even saw gas prices that exceeded $7.00 a gallon. Fortunately, after the nation celebrated the 4th, we were able to start celebrating lower gas prices.

Let’s reiterate what controls gas prices, how lower prices will impact local and national economies, and what, if anything, will determine if gas prices remain affordable.

How Do Gas Prices Affect Economy?

Now that gas prices are lower, local economies will experience a more regular financial ebb and flow. Lower gas prices mean consumers are more willing to spend money at the pump, get out, experience entertainment and go shopping in local and surrounding areas.

Lower gas prices that remain low could even lead to reduced costs in the transportation industry, resulting in lower prices at local markets.

In short, when wealth is spread, everyone benefits.

What Determines if Gas Prices Continue to Fall?

Low gas prices are great, but several factors must be considered when hoping for a plateau or even lower gas prices.

Recession Fears

Demand is a massive factor driving oil prices up and down. In most cases, increased demand leads to higher prices. However, the government has been working hard to drive down inflation through increased interest rates for borrowing consumers.

Moves to decrease inflation could be too late. A downturn in consumer spending could signal an oncoming recession. What does this mean for current gas prices? A lot!

When investors start to sniff out financial problems at a national level, they’ll begin to sell off investments. Oil and gas are usually the first to go.

An impending recession leads to movement in oil prices, which could lead to even lower prices at the pump.

It’s a double-edged sword. We’ll keep an eye on prices for you and help you stay on track with how gasoline reflects nationwide economic circumstances.

The Weather Matters

As strange as it sounds, the weather between now and this time next year could have an impact on how much gasoline costs.

According to energy analyst Tom Koza, we haven’t seen the last of rising gas prices. They could rise higher than anything we’ve experienced.

Koza says that depending on the activity during the summer hurricane season on the Gulf Coast, oil refineries the United States relies on could be threatened, therefore, bringing back higher prices by the end of August.

Demand, Demand, Demand

During the summer, gasoline prices are expected to increase. We are living through unprecedented circumstances that make the summer crunch even tighter on the budget. The sanctions on Russian exports have substantially increased the cost of gasoline and will keep prices high until issues are resolved.

As prices reduce while demand increases, the current lower prices could spike up again. However, as the summer rush fades and people get back into their everyday routines, demand could subside and lead to prices as reasonable as possible until geopolitical tensions improve.

Keep Your Facility Producing with Pro-Gas LLC

As a Texas oil and gas facility manager, you should consider it your responsibility to help keep gas prices low. Through consistent production and a reliable equipment supply, your facility could increase its output for the rest of the year and reduce the pain of a pressured wallet at the pump.

Pro-Gas, LLC offers the equipment your site needs for effective production. From conditioning equipment to storage, our manufacturers have you covered.

Top 12 Facts About Natural Gas That Will Blow Your Mind

Pro-Gas LLC provides production facilities in the state of Texas for natural gas. We like to think we know more than the average person about natural gas. As such, check out these mind-blowing facts about natural gas that most people do not know.

1. Natural Gas is Diverse

Natural gas mainly consists of Methane, but also has other hydrocarbons like:

Ethane
Butane
Propane
Naphtha

Natural gas is also odorless, colorless, and flammable.

2. Smell that? It’s there for a Reason

Natural gas is actually odorless. This makes gas dangerous, so utility companies add mercaptan to the resource in order to create the smell of rotten eggs and make a leak easier to detect.

3. Natural Gas is Versatile

Thousands of your daily life products have gotten their start from natural gas. Not only does natural gas heat your house and cook your food, but it has also been used to create fabrics, plastics, and fertilizers. It is also responsible for making:

Vinyl flooring
Carpeting
Piping
Roofing
Furniture
Medicine and other health supplies
Deodorant
Cameras, cell phones, computers

4. Christmas Trees Are Always in Season

No, this is not the tree that your family puts up every December. A “Christmas tree” in this instance is an assembly of valves, spools, and fittings that are designed to control the flow in our out of the gas well. This device also detects sand, corrosion, temperature, pressure, and erosion.

5. Gas Runs Deep Throughout History

The first record of natural gas igniting was in 1000 B.C. Greece when the “eternal flame” was created in Mount Parnassus.

Pipelines in China built in 500 B.C. were lines made out of bamboo that moved gas throughout the set of pipes.

William Hart in New York dug the first natural gas well in 1821. It was 27 feet deep.

6. Twice the Form, Twice the Benefit

Natural gas can be dry or wet. Dry gas is commonly used to heat and generate electrical power in the home. This is complete methane, which is much different than wet natural gas. The wet form contains less than 85 percent methane and has a higher percentage of liquid natural gas.

7. Natural Gas is Environmentally-Friendly

Natural gas has been a huge part of the global energy mix and accounts for the world’s primary fuel consumed. By replacing coal with gas, the UK has been able to reduce its CO2 emissions to the level of the Victorian Era.

8. Natural Gas Powers Las Vegas

Every hour on the hour, every night, a volcano in front of The Mirage hotel in Las Vegas erupts. This volcano erupts because it is fueled by pina colada-scented gas.

9. The Natural Gas Industry is Truly Art

We know, it sounds funny, but it’s true! Famous portrait painter Rembrandt Peale, was the first person to found a natural gas facility in the United States. In 1816, Peale opened his facility in Baltimore, Maryland. What was his inspiration? Well, his art! Peale had used natural gas to set the mood for his lighting of a gallery for his work. From there, his vision became a reality, which later became an entire industry.

10. Natural Gas Helps Millions

Every day, natural gas helps millions of people get to their destinations and accomplish daily tasks. The numbers are actually quite astounding.

Natural gas powers over 11 million cars worldwide
Over 72 million people rely on natural gas everyday
Approximately 66 million households use natural gas to keep homes running
9 out of 10 chefs would rather work with natural gas stove over an electric stove. When you think of how many professional and self-proclaimed chefs out there, that’s a lot of natural gas in use

11. Need Natural Gas? Look to the East!

While the United States loves to toot our own horn about our local natural gas supply, we aren’t the head honcho when it comes to having the most natural gas resources.

In fact, the number one nation with the most shale gas resources is China, which has more than double the amount of resources we have in the West.

12. Natural Gas is an Appliance Money Saver

Natural gas is a cheaper source of energy than electricity. So, if you utilize natural gas appliances like stoves, dryers, or water heaters, you could be saving hundreds of dollars more than the average electric customer.

BONUS FACT

Because you made it this far….

Natural Gas is Lighter than Air

Many often confuse propane and natural gas as the same final product. The truth is, they aren’t, and their weight proves it! Propane gas is heavier than air, while natural gas is literally a lighter gas option.

Pro-Gas Keeps the Industry Flowing

If you are in need of NGL storage or just have questions about the natural gas industry and the facilities that run it, get in touch with Pro-Gas, LLC today. We offer the best in industry equipment and have a team of experts that will be able to answer all of your questions.

What are the Benefits of Fluctuating Gas Prices?

Benefits of Fluctuating Gas Pricing

Over the last few months, we’ve talked a lot about how high gas prices have risen, where these prices are headed, and what you can do to save money at the pump.

We admit a good chunk of gas price news is usually all bad. However, as prices begin to become more elastic (some Texas pumps are now below $4), we think it may be time to start looking at some of the benefits of higher gas prices now and then.

Join us as we delve into why your groan should be slightly less audible the next time you fill your vehicle up.

More Potential Jobs for Texans

Higher gas prices don’t always mean lower demand. People still need to get around town and there is usually not going to be a shortage of users at the pump.

Texas is a state that prides itself on its ability to produce oil on its own. Many experts say that one of the best ways to keep demand up and supply thriving is to just produce more oil products.

This means that more manpower will be needed at drilling sites and facilities. Ergo, more jobs are available, and the national and state economies will get a much-needed boost.

Nationwide Boosts to Business Sectors

Speaking of boosts, some business sectors thrive during times of higher prices. Many industries rely heavily on oil and gas and will pay whatever it costs to keep operations running normally. Therefore, drilling and production often spike in business during more expensive times.

Also, higher oil prices usually mean higher prices on essential equipment and supplies throughout several industries. While these higher prices may not seem wonderful at the moment of purchase, they also contribute to the upkeep of national economies.

Newer Technologies Get a Chances to Shine

As oil and gas ambassadors, we’d be remiss if we didn’t mention that higher gas prices give alternative energy sources a chance in the spotlight.

As people and businesses try to conserve on energy, they may turn to solar and wind energy to help curb the financial pain for the time being.

Economic Benefits Within Your Local Community

We know that demand typically won’t dip too low during higher gas prices, but that doesn’t mean people are planning massive road trips at this time. In fact, higher gas prices usually leave people traveling locally to complete errands and meet everyday needs.

Yes, substitutions on higher oil-based products are likely going to be made, yet the changes in consumer behavior provide an economic boon for alternative options and also keep local companies thriving during higher gas prices.

Find Out About the Current Gas Crunch With Pro-Gas, LLC

At Pro-Gas, LLC, we specialize in providing premier facility and drilling equipment to nationwide oil and gas companies. From our Fuel Genie to quality maintenance programs for local plants, our team helps our industry thrive.

If you manage an oil and gas facility and know you could benefit from better quality equipment during a time of unpredictable gas prices, we want to hear from you.

Oil and Gas Auctions Kick Off With a Rocky Start

Earlier this year, we reported that the Biden Administration planned to go back on its original ban on leasing federal land for oil and gas drilling.

While our industry was thrilled at the prospect of locally sourced resources and the potential for decreased prices at the pump. Later actions from the administration displayed back-and-forth dedication to its initial promise with the result being a rocky start to initial auctions on Wednesday, June 29, 2022.

Let’s take a look at what’s going wrong with the process, why, and what other issues could be preventing the Biden Administration from building back better in one of the nation’s most essential industries.

Administration Tests for Demand Aren’t Looking Great

Wednesday served as the big kick-off for the Biden administration’s auction for oil and gas land in eight states.

Unfortunately, the welcome from the oil and gas industry wasn’t as warm as the administration would have liked.

According to an article from Reuters, the sales that will go through Thursday, June 30th, was a test for the industry’s demand for federal acreage and domestic output.

While most would expect initial bids to be high and competitive, this wasn’t the case on the first day of the auction.

Why Would the Oil and Gas Industry Reject Potential Opportunities?

The first day of auctions had 120,000 acres of land in Wyoming on the table, and more than a third of the parcels received zero bids from industry leaders.

Although locally sourced oil and gas has the potential to reduce consumer gas prices, industry groups say that there are numerous reasons behind the rejection of offered land.

The main two issues are:

The higher royalties that the administration would place on production; essentially forced gas prices to remain at high levels
The administration’s rigorous attempts to halt new leasing amidst a current crisis that stems from sanctions after Russia’s invasion of Ukraine

Biden Administration Opens the Door to Environmental Lawsuits

The President’s big bids don’t just have members of our industry upset but have also attracted two lawsuits from national environmentalists. According to an article from The Hill, a coalition of environmental groups sued President Biden and the Biden Administration on Wednesday when it approved the federal leases it granted our industry.

Despite oil and gas’s efforts to drill and produce with greener efforts, the plaintiffs of the lawsuit claim that the sales will result in billions of dollars in harm to air, local wildlife, people’s health, and water sources.

Stay Up-to-Date With the Lates Oil and Gas News From Pro-Gas, LLC

Whether you are an oil and gas aficionado or manage a local facility, Pro-Gas, LLC is proud to be your honest source of oil and gas news. Not only do we keep our customers informed but we also practice what we preach and give the facilities we serve the tools and services they need for success.

From new fuel conditioners to assisting with facility management, Pro-Gas, LLC has your back during these trying times!

Reasons to Order NGL Storage from Pro-Gas, LLC

If you are the manager of a local oil and gas facility, you already know the importance of a reliable NGL storage supplier.

NGL storage is something you and your team should be able to accomplish with ease.

At Pro-Gas, LLC, one of our key products and services is NGL storage. Let’s take a closer look at how our process and products can make a difference in how your facility stores its NGLs and accomplishes its goals.

Our Products Are Portable

Facilities and natural gas collection sites constantly store NGLs until they move through the processing and manufacturing funnel. Permanent NGL storage lends itself to long-term storage opportunities, whereas portable storage lets your facility stay on the move and send NGLs toward successful production as quickly as possible.

We Help You Reduce Costs

Permanent NGL storage installation can cost your facility a healthy chunk of its budget. This is especially problematic if your facility is smaller, delivers to a single, fluctuating market, or just uses storage in the short term.

Today’s NGL storage demands are constantly changing, and your facility needs to stay on top of the changes to remain competitive. Portable NGL storage helps you stay flexible without the costs of permanent equipment installation that could eat up your production and mining budget.

We Limit NGL Rejection

NGL rejection is a waste of resources sitting around your facility for too long. Portable NGL storage from Pro-Gas helps you ensure that your NGLs are always put to good use.

Our portable equipment lets your facility easily access your materials when your customers need them. Aside from general waste reduction, our NGL storage also lets you preserve your long-term storage through our NGL filters.

When you work with Pro-Gas, we offer a clay-based filtration system for your NGL storage that is easy to install and keeps your natural gas clean and acceptable for processing at a later date.

Keep your facility’s success at the forefront of production with the help of portable storage from Pro-Gas, LLC.

Simple Orders and Installation

At Pro-Gas, we aim to help you succeed with as little stress as possible. We make it simple for your facility to order our portable storage systems. All you need to do is reach out, and we’ll promptly start your order.

Once we deliver your portable storage system, our team will help you install your NGL storage and filtration products to ensure your site effectively benefits from our industry-renowned products.

Save More on NGL Storage With Pro-Gas, LLC

If your oil and gas production facility are eager to keep up with the increasing public demand, Pro-Gas, LLC can help!

Our portable NGL storage may help you store your precious materials, but our other products and services like the Fuel Genie and facility services can help your production in all other areas.

Don’t let the current oil and gas supply issues keep you from success.

How Has the Ukraine Incident Reshaped the Global Oil Landscape?

It’s no secret that the United States is feeling the brunt of our government’s actions against the current Russia-Ukraine conflict. Sanctions have left the average citizen paying the highest gas prices since 2008, and we can’t tell when the pain at the pump will let up.

While we’re focused on our interests regarding the conflict, it’s essential to understand the global implications this situation brings to our industry.

A lot has changed since Russia invaded Ukraine in February. Let’s examine where our industry’s landscape is now and how it’s impacting different areas worldwide.

Current and Future Oil Bans Have Little Impact on Russian Exports

While the current US ban on Russian oil has increased their gas prices, Russia has found other markets to offset losses from the US and European nations, who have all but implemented sanctions.

As long as Asia and China continue to purchase crude oil from Russia, any future sanctions placed on Russia from the US or EU could have little impact on Russia’s exports.

Even with sanctions in place, Russian exports are back at pre-invasion levels as of April.

The Risk of Spills Has Drastically Increased

While Russian exports to Asia have benefited its economy, there is still a massive double-edged sword. Sanctions from the US, British, and European nations have forced Russia to practice ship-to-ship transfers in many trades with Asia.

Ship-to-ship transfers aren’t just an expensive way to export oil, but they also increase the risk of a deadly spill. Until sanctions end and Russia resumes trade with American and EU markets, this risk to the ocean is one that we’ll just have to keep an eye on.

West African Crude is Picking Up European Business

Although European countries have turned their back on Russian oil, they still need this essential resource from another supplier. According to Petro-Logistics, West African crude imports to Europe have increased by 17% as of April.

This record-high demand for Nigerian crude has increased oil prices in this area; Nigeria is a crude-rich nation with nearly 37 billion barrels of crude oil in its reserves. Many European countries believe African crude could be the solution that fills in the gaps caused by the Russia-Ukraine conflict.

Rising Costs Creating Global Social Unrest

The higher cost of crude oil is having an impact around the world. In the United States, it’s become a massive barrier in our battle against inflation. Similarly, in Europe, higher prices have practically stopped the continent’s pandemic recovery plans.

Even China, the world’s largest oil importer, may not reach its economic goals due to high prices.

Oil prices are taking a toll everywhere. However, with massive upticks, there is bound to be a drop in the future that begins to even out the impact oil prices will have on different economies.

Stay Tuned for the Latest Oil and Gas Updates From Pro-Gas, LLC

Back at home in the United States, Pro-Gas, LLC is still doing everything to provide our nation with cheap crude oil that keeps our communities running. From our fuel genies to portable NGL tanks, we offer oil and gas facilities the equipment they need to produce a quality product.

If you are a facility manager who knows your equipment needs an update, we want to hear from you. Contact us today to learn more about our product availability.

5 Gas Saving Tips During Rising Fuel Prices

We still have quite the journey ahead of us to lower gas prices. Even though the President recently authorized oil leases and auctions in May, he’s stepped down on some of these promises.

So, since gas prices continually seem to climb in Texas, your neighborhood fuel experts are here to help you out. Here are Pro-Gas’ fuel-saving tips to help your gas costs stay a little lower this summer.

Slow Down!

Did you know that simply driving the speed limit can reduce how much you spend at the pump? Although your vehicle may be built for fuel efficiency, speeds above 50 miles per hour significantly reduce your gas savings. Every 5 mph driven over 50 mph is about $.018 in extra gas spent.

So, we always recommend driving the speed limit and using cruise control on those long summer highway drives.

Don’t Slam On Your Brakes

Stop-and-go traffic is always a fuel-guzzler. However, if you speed up and then brake heavily, the jarring acceleration and stopping will eventually cost you an earlier trip to the gas station.

Instead of tapping the brakes on the highway, maintain a consistent speed, and rely on rolling resistance as a deceleration method that helps you save gas money and come to a safer stop.

Keep Your Vehicle Load as Light as Possible

Summer is on the horizon, and you may be planning a big family road trip. Pack conservatively, because the extra weight of your luggage could waste your fuel efficiency. Rooftop hauls and overpacking your trunk can increase your vehicle’s drag by hundreds of pounds. Even just 100 pounds over your average load can reduce your fuel economy up to 25%.

Avoid Idling

We get it. Summer can be hot, and it’s tempting to leave your car idle and your AC blaring while you wait for a friend or loved one to complete an errand. Although idling for a few minutes may not seem like a big deal, it is. Even just an hour of idling with AC use leads to a half-gallon of wasted gasoline.

Save yourself some money, shut down the car and accompany your friend or relative on their errand.

Practice Proper Vehicle Maintenance

Vehicle maintenance is key to your vehicle’s fuel economy. Summer is the perfect time to get your car tuned up and ready to run well on the road. Some of the best ways maintenance can save you fuel include:

Oil changes to improve engine efficiency
Proper tire inflation
Wheel alignment
Regular filter replacement
Keeping axles and wheel bearings lubricated

This upkeep helps your car travel safer on the road, improve its mileage, and save you extra trips to the gas station.

Pro-Gas, LLC Helps You Keep Your Life in Motion

Pro-Gas, LLC is dedicated to providing top-tier oil and gas equipment to national facilities and well sites. Our fuel genies and gas conditioners help ensure that facility productions go as planned and essential products are readily available to the public.

If you are a facility manager that needs our help upgrading your equipment, we want to meet you. Contact us today to learn more about our product availability.

A Look at Different Types of Oil and Gas Facilities

When most consumers think of oil and gas, they think of the immediate availability that our industry efforts bring to the masses.

While it can seem like oil and gas delivery is a simple process, the truth is that before essential products make their way into consumers’ homes, several oil and gas facilities put in a lot of hard work to ensure product availability.

Here’s a look at some of the most important facilities in our industry and how they push production forward for oil and gas products.

Well Sites

Crude oil and natural gas well sites are where the production process starts! At these sites, workers drill oil and produce natural gas.

Although there are usually several well sites within the same vicinity, the entire lot of the sites owned by one company is known as the facility.

Central Tank Batteries

Once mined oil is sent down the pipeline from well sites, the product makes its way to central tank battery facilities.

These sites are where crude oil is received, measured, and tested before it makes its way through the rest of the pipeline system. Here, oil and gas are stored in tanks until they are ready for transportation to another site or sent down the pipeline.

Oil Refineries & Tank Farms

As we’ve mentioned before, crude oil is only the starting material for the petroleum and gas products consumers use on a daily basis. Oil refineries break crude oil down into its separate components and treat it to become ready for consumer use.

Once refineries treat oil, the different blends of petroleum products are temporarily stored on a tank farm, another facility that can hold more than 300,000 barrels of oil at any time. Once the oil is stored on a tank farm it is planned for final distribution to consumers or other storage facilities.

Natural Gas Plants

Natural gas plants welcome the gas stream from pipelines and extract natural gas liquids via a cryogenic process. These facilities are to natural gas as oil refineries are to crude oil. They essentially take raw resources and extract, compress, and sweeten natural gas before it is passed to consumers through the pipeline.

What Do All Oil and Gas Facilities Have in Common?

While each oil and gas facility may have its own purpose in the production process, the one thing they all have in common is the need for quality equipment that keeps manufacturing reliable.

Some of the most important equipment like NGL storage tanks, gas conditioners, and gas treatment packages help bring consumers the industry products that keep their world in motion.

At Pro-Gas, LLC, we specialize in providing the best facility equipment to our clients that maximize productivity and encourage safe practices throughout any site.

Secure the Best Industry Equipment for Your Facility Today, With Pro-Gas, LLC

If you manage an oil and gas facility or drill site and are ready to add the best industry equipment to your organization, let the nation’s most trusted suppliers help! At Pro-Gas, LLC, we push the industry forward with our products and services.

Biden Administration Reopens Federal Land for Oil Drilling

No matter who you are, it’s inevitable that you or someone you know has experienced financial dread when filling up your vehicle at the pump. On Friday, April, 15, the Biden administration began the first major steps toward a long-term solution that they hope will curb oil costs and make it widely more affordable.

The latest move to reopen federal land to oil and gas drilling contracts is a massive turnaround after the President suspended new leasing projects around his first week in office.

Let’s take a look at why the administration made this new decision, the details of new drilling leases, and if there are any downsides to reopening some public land for oil and gas mining.

Why Has President Biden Changed His Mind On Drilling?

Originally, President Biden halted federal drilling contracts with a greener mindset for the future of the oil and gas industry. However, as the demand for oil rose, combined with sanctions placed on Russia after the nation attacked neighboring Ukraine, gas prices eventually began to spiral out of control.

Some states like California witnessed gas prices higher than 5 dollars per gallon.

Former Promises May Not Be Enough

Last month, the President vowed to dig into the nation’s oil storage reserves and release 1 million barrels per day to ease the financial burden the average person faces at the pump.

However, national reserves are limited resources that will eventually have to be replenished. So, the President has opted to open a limited amount of federal land for future oil and gas drilling sites.

What Are the Leasing Details?

The leases in the discussion are for 225 square miles of federal land across 9 states. Although these new leases are a step forward, they are still 80 percent less than what the industry proposed as a solution to increased oil and gas prices.

Starting in June, auctions for federal land are opening up to oil and gas companies within the following states:

Wyoming
Utah
Colorado
Montana
New Mexico
Alabama
Nevada
Oklahoma
North Dakota

Are There Any Potential Pitfalls to New Drilling Opportunities?

Although more drilling could definitely be a way to reduce crude oil prices and put the US back in its position as a crude oil producer, some believe that the addition of drilling opportunities could cost billions of dollars worth of climate damage.

Even some oil and gas companies are hesitant as the new leases come with higher royalty rates than the nation has seen in nearly a century. The new rates will increase from 12.5% to 18.75%.

While there are definitely concerns about the decision from either side of the political aisle, one thing is clear, new leases could see our nation producing ample oil into 2030, and that could be a great start towards recovering from the current state of our industry’s prices.

Prepare Your Future Drilling Projects WIth the Help of Pro-Gas, LLC

If you manage an oil and gas company, then you most likely already have plans to bid on new drilling projects for your team. Whether your team needs a reliable gas conditioning system or a total compressed natural gas package, Pro-Gas, LLC has some of the most quality equipment in the industry available to our nationwide clients.

Recently Proposed Bills That Could Lower Energy Costs

It seems like since the beginning of the new year, the nation has been a buzz about hiking gas prices and what we can do to reduce the financial squeeze at the pump.

Although geopolitical actions that are out of our control are the key reasons behind expensive oil and gas (O&G), there are still some members of Congress who are willing to step up and try to help our nation become oil strong once again.

March was a big month for two GOP congressmen, as they each introduced an act that should get local O&G prices against the ropes.

What exactly are the plans and how effective could they be? Let’s drill a little deeper for the facts.

What is the “Restore Onshore Energy Production Act”

Rep. Matt Rosendale, R-Mont. Introduced a bill on 03/30 that would essentially roll back current moratoriums in place on O&G leasing on Federal lands.

This act would prevent the ban of these types of leases via Executive Order and would push for the government to approve at least 4 leases per year in each of the 7 states where O&G is a powerhouse.

This act is backed by 19 other members of Congress and is one of 6 similar bills that were presented to Congress today.

Sen. Ted Cruz Introduces the Energy Freedom Act

Earlier this month, Texas Senator Ted Cruz introduced the Energy Freedom Act which has the goal of once again, making America an energy-independent nation.

According to Cruz, recent policies have put billions of dollars into foreign sources that have in turn committed acts against our nation and its allies. If passed, Cruz says the new bill wouldn’t “cost taxpayers a dime” and will bring billions in revenue through further leasing, the creation of safe, new pipelines, expedited project permitting, increased exports, and more regulatory action in our industry.

Many of the key points of this act like prohibiting leasing bans on Federal lands and the reduction of foreign dependence on O&G are all present in any of the related proposed acts we’ve seen presented in congress this month. There is a clear goal in mind, let’s see where it could take us!

Could These Help Reduce Gas Prices?

The truth is that there are thousands of unused leases on Federal lands, and yes, if these and other acts passed, they would open the floodgates and allow for the expansion of essential O&G projects and services.

We’re not saying that gas prices would change overnight, but as we would have to rely on less and less gas from exporting nations, eventually the costs for general consumers would begin to show a downturn.

Stay Tuned on the Lates O&G News With Pro-Gas, LLC

We understand that everyone from facility managers to the average person filling up their vehicle is concerned about the direction gas prices are headed. While our primary goal at Pro-Gas, LLC is to provide facilities and mining sites with premier gas conditioners, mobile equipment, and more, we also take pride in the news we provide to the general public regarding our industry.