South Korean Company Invests $300M in Blue Racer Midstream
SK Holdings is one of the largest conglomerates in South Korea, and the 57th largest company in the world. Bet you didn’t know that! SK is composed of 95 subsidiary companies with 70,000 employees and has its fingers in many pies, including telecommunications, manufacturing and chemicals. One of SK’s core businesses is energy. Yesterday the company made a major investment in energy by investing in Blue Racer Midstream, a gathering and processing system with 700 miles of pipelines in Ohio and West Virginia, the heart of the Marcellus/Utica.
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There’s no polite way to say this: The people of Bristol, Vermont are STUPID. The Bristol Selectboard, citing a pending lawsuit by rabid anti-fossil fuel nuts, recently voted to end a license agreement with Vermont Gas granting the utility permission to build distribution pipelines along town roads. Now the town is doomed.
There must be something in the water in New England. Today we told you about mass insanity in Bristol, Vermont, and now a story about a small community in nearby Massachusetts that wants to block 2.1 miles of new looping pipeline (buried next to an existing pipeline) in Longmeadow, Mass. All because local fruit loops want to ban new “fossil fuel” infrastructure. Lunacy is breaking out everywhere in New England!
Earlier this month MDN told you that a plan to build a $60 million Marcellus LNG export facility on property owned by Philadelphia Gas Works was just one vote away from becoming reality (see 
Does one government hand know what the other is doing in Puerto Rico? More to the point, is there a brain instructing either hand what to do? That’s the question we had as we read the legislature of PR has just passed an idiotic law requiring all electricity generation on the island to come from so-called renewables by 2050.
When you hear the term “Clean Energy” what do you think it means? Almost everyone would agree the term means wind and solar power. But that’s a premise that is ripe for questioning. When you start to look at the bigger picture, the illusion of “clean” wind turbines and solar panels quickly goes SPLAT!
MARCELLUS/UTICA REGION: New York is in bad economic shape – fracking could change that if Cuomo would allow it; NATIONAL: Tight oil development will continue to drive future U.S. crude oil production; US natural gas in storage falls 36 Bcf as heating season likely wraps up; New reports offer solutions to protect against “recent surge” of climate liability lawsuits; INTERNATIONAL: Denmark wants a new route for Nord Stream 2 gas pipeline.