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TC Energy/Columbia Finally Get FERC Approval for Buckeye XPress
Last May the Federal Energy Regulatory Commission (FERC) finally, after a months-long delay, issued a favorable environmental assessment (EA) for the Buckeye XPress (BXP) pipeline project (see Buckeye XPress Pipe Project in OH, WV Gets Favorable FERC Review). In October, Columbia (i.e. TC Energy) tried to goose FERC into issuing a final approval to build the project. Last Thursday FERC finally granted that approval–once again after a months-long delay.
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West Rockhill Township in Bucks County, PA (near Philadelphia) waged a legal battle to prevent a natural gas compressor station from being built as part of the Adelphia Gateway project, a plan to convert an old oil pipeline stretching from Northampton County, PA through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook. West Rockhill appealed a decision by the PA Dept. of Environmental Protection (DEP) authorizing construction of the compressor station to a special court called the Environmental Hearing Board (EHB). Last October the EHB ruled against West Rockhill (see 
We’ve been warning you, for the past two years, that FERC Commissioner Richard “Dick” Glick is nothing more than a Chuck Schumer political hack. He consistently votes against ALL new natural gas pipeline projects, claiming FERC doesn’t pander enough to global warmists in deciding whether a project should get built. Now Glick is siding with radicalized “environmentalists” (socialists) who want to deny FERC the right to use one of their most important tools–called a “tolling order”–a tool FERC uses to counter a myriad of lawsuits Big Green now files against every…single…new…pipeline project. To say Glick has betrayed his office is an understatement.
Apparently New Jersey Gov. Phil Murphy, far-left Democrat, is trying to grab the far-left spotlight away from his neighbor, NY Gov. Andrew Cuomo. Murphy unveiled an insane energy plan for NJ yesterday, a plan that calls for eliminating the use of natural gas in the state by 2050. That’s 30 years away. Even though such a reduction will decimate the state economically and force millions of its residents to suffer from lack of heat and electricity. Natural gas is used to produce produces 50% of NJ’s electricity heat the homes and businesses of 75% of NJ residents! This is a stark raving mad plan. All in the name of solving a problem that doesn’t even exist–man-made global warming.
It’s not all doom and gloom in the Marcellus/Utica sector. Although there have been plenty of layoffs and announcements of budget cuts and less drilling, at least one company in our space is expanding–sensing new opportunity. That company, we are proud to say, is MDN’s premier sponsor for 2020: 
The regional transmission organization (RTO) that oversees the electric grid in New England states is called ISO New England. The organization has just published new data for 2019 which contains some interesting statistics. For example, in 2019, some 48.5% of all the electricity generated in the region (the #1 source) was generated by (yep)…natural gas. That number has been pretty consistent over the past five years. The #2 source of electric generation was nuclear, at 30%. The #3 source was hydro, which produced 9% of New England’s electricity. Wait, what about wind and solar? You know, the blessed renewables that will SAVE THE PLANET. How much did they produce last year?
Natural gas is one of those commodities that economists consider as close to a “pure” commodity as one can get. Meaning the classic supply and demand curve rules. When you get more supply than you have in demand, the price goes down–along a predictable curve. In the natural gas world, supply signals come from a couple of different numbers. One is overall production. Another is storage–how much natural gas is sitting, unused, in underground storage, put there during summer “injection season” so it can be used during the winter “withdrawal season.” The bad news (for prices) is that with relatively mild temperatures this winter, we are at near-record high storage levels, according to the U.S. Energy Information Administration (EIA).
OTHER U.S. REGIONS: FERC staff issues supplemental EIS for Magnolia LNG capacity project; NATIONAL: Cheniere hits 1000 LNG cargoes milestone; EIA forecasts U.S. crude oil production will keep growing through 2021, but more slowly; Shale production is on DUC life support and will need it going forward; As gas prices crash, will this shale giant survive?; Will Democrats embrace fossil fuels in crucial swing states?; BERNing Down America (video); INTERNATIONAL: China’s promise to buy more US energy probably unachievable.