Ruling Stands: States have 1 Calendar Yr to Review Water Permits

The U.S. Supreme Court yesterday refused to hear a case that challenged a ruling in the Hoopa Valley Indian Tribe case–a ruling/case that has HUGE implications for Williams’ Constitution Pipeline running through New York State. The Supreme Court rejection is a crushing defeat for Big Green groups Trout Unlimited and California Trout, and very good news for the Constitution project.
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Williams Currently Sends 1.5 Bcf/d of M-U Gas to Gulf Coast LNG

Williams, the pipeline giant, held its annual analyst day in New York City last Friday. The company’s top brass was there to wow and woo investors with the company’s plans for 2020 and beyond. In reading about the session, we picked up on some startling statistics. Stats like Williams now provides 30% of all LNG feed gas in the U.S. And most of that (all of it?) comes from the Marcellus/Utica.
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Marcellus/Utica Active Drilling Rig Count Crashes to 24

The rig count in the Marcellus/Utica region is crashing–down to its lowest level for a December since the M-U became a “thing.” It’s now lower than the levels reached in 2014, which was the advent of the first “crash” in rig counts. BUT (and this is a big BUT), lower rig counts do not necessarily mean less drilling or less production. How can that be?
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21 Industry Groups Ask US Supreme Court to Restore Pipeline Permit

Dominion Energy’s Atlantic Coast Pipeline (ACP) previously filed a request with the U.S. Supreme Court to overturn a decision by the U.S. Court of Appeals for the Fourth Circuit that judicially creates a new law stipulating pipelines can’t cross under the Appalachian Trail without (no kidding) an Act of Congress. The clown judges of the Fourth Circus (our name for that court) revoked a permit issued by the U.S. Forest Service. A list of 21 business and oil/gas industry groups filed a “friend of the court” brief yesterday supporting ACP, asking the Supremes to reinstate the Forest Service permit for the project.
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Nova Scotia Bear Head LNG Gets Lifeline – App. Extended to 2022

Bear Head LNG & pipelines to feed it
Bear Head LNG & pipelines to feed it (click for larger version)

For a number of years MDN has tracked an LNG export plant planned for the eastern shore of Nova Scotia–the Bear Head LNG project (see our Bear Head LNG stories here). In 2017, an official from the project said it was “shovel-ready” and could begin at any time (see Nova Scotia’s Bear Head LNG Sees Surge of Interest). However, not one shovelful of dirt has been turned. The project recently asked for and was granted permission to extend permits set to expire at the end of this year.
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Radical Dems Make Another Run at Forcing NY to Divest Fossil Fuels

In what is at least the second (maybe third or fourth) serious attempt, radical Democrats in the New York State legislature have floated a bill that would force NY’s public employee pension fund to completely divest any stock holdings in fossil fuel companies. Are NY retirees ready to take a $1 TRILLION hit in their wallets if it happens?
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Oil and NatGas Prices No Longer Linked – Because of Shale

Once upon a time in BSE (before shale era) if you were to chart the price of oil and the price of natural gas together on the same graph, the path/track was almost identical. When the price of oil went up (or down), so too did the price of gas. With the advent of shale in 2008/2009, tracking between the two has changed. It’s gone. The value of natural gas compared to the value of oil is now *much lower* than it was in BSE.
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