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Neverending Story: More Work to be Done on Revolution Pipe in SWPA
Two and a half years after Energy Transfer’s (ET) 24-inch Revolution Pipeline entered service in western Pennsylvania and exploded following a landslide (in September 2018), the pipeline finally returned to service in March of this year (see PA DEP Finally Allows Revolution Pipe to Restart – After $125K Fine). Revolution Pipeline runs through Bulter, Beaver, Allegheny, and Washington counties. Even though the pipeline has been up and running since March, it’s still not completely, 100%, finished. There’s more work to be done in tidying up.
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Pennsylvania’s Democrats are having trouble selling the Regional Greenhouse Gas Initiative (RGGI), a carbon tax aimed at shutting down PA’s coal and natural gas-fired power plants, and by extension shutting down many shale-related jobs in the state. The Dems can’t paper over the fact that RGGI will spell massive layoffs. So what do they propose? Government handouts to those who get laid off, paying them literally pennies on the dollar in government welfare checks in return for “saving the planet” by shuttering coal and gas-fired plants (and putting people out of work). That’s the brilliant solution proposed in a bill offered up by southeast PA state Senator Carolyn Comitta (D-Chester County).
Weather always has been, and remains, THE prime factor in the price of natural gas. In wintertime cold temps lead to the use of more natural gas to burn as heating fuel. In the summer months, high temps mean more electricity is used to power air conditioning units. Last Friday forecasters predicted a spike in temps in the midsection and northeast parts of the country. Along with that forecast came a spike in the price of electric power in both regions, and closely tied to it, a spike in the price of natural gas in both regions.
One of our favorite Forbes contributors, Jude Clemente, has written an article detailing how LNG (liquefied natural gas) usage worldwide along with exports from the United States, have both come roaring back now that the pandemic is beginning to appear in the review mirror. There is a fantastic chart in the article (below) identifying the 12 biggest U.S. LNG importers by country. The number one importer may or may not surprise you: South Korea. We bet the number two importer will surprise you (it did us)…
MARCELLUS/UTICA REGION: Planned solar project near Gettysburg denied key permit; Wind energy company closing Lehigh Valley manufacturing plant, shifting work to Mexico; Klaber’s Viewpoint: The environment as a political weapon; OTHER U.S. REGIONS: How an old power plant is being refitted for the hydrogen economy; NATIONAL: The oil industry is ready for the next production boom — if Biden allows it; Inflation hits shale patch with steel costs surging, Citi says; LNG-powered Mardi Gras makes U.S. debut docking; Can power-to-ammonia provide grid flexibility?; Could public support for renewables wane?