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Corrupt PA AG Shapiro Charges Mariner East 2 Pipe with 48 Crimes
Pennsylvania Attorney General Josh Shapiro, who is running for the Democrat nomination for governor in 2022, accepts big donations from Big Green groups. Ergo, his office is an open door for Big Green to use to falsely prosecute the shale industry in PA. The latest egregious abuse of the AG’s power happened yesterday when the bloviating Shapiro, an insufferable (expletive deleted) announced he is charging the Mariner East 2 (ME2) pipeline project with 48 so-called environmental crimes. It’s all an elaborate hoax to try and shut down ME2. We simply can’t let that happen…
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Yesterday as Pennsylvania Attorney General Josh Shapiro falsely accused Energy Transfer (ET) of “crimes” while building the Mariner East 2 (ME2) pipeline, another bit of news about ME2 played out in the state’s court system. The PA Supreme Court agreed to hear a case in which several Big Green groups and a long-time anti-fossil fueler are demanding ET pay them back for legal fees in a lawsuit initiated by them against ET, a lawsuit they ultimately lost. Talk about arrogant.
Natural gas futures jumped to the highest settlement price in 12 years–$6.31/MMBtu–as global gas supply shortages stoke concerns about U.S. shortages coming this winter. Spot prices for physically traded gas also jumped yesterday. The NGI Spot Gas National Avg. was up another 32.0 cents to $5.970. Overall production dipped a bit yesterday helping to feed the fears.
On Monday the Pennsylvania Senate Community, Economic & Recreational Development Committee together with the Senate Environmental Resources & Energy Committee held a joint hearing on consumer and economic impacts of failing to invest in Pennsylvania’s natural gas infrastructure. Strong views were aired. State Sen. John Yudichak, chairman of the Economic Development Committee shared a startling and disturbing fact…
Yesterday Antero Resources announced the publication of its 2020 ESG Report (environmental, social, governance) highlighting a focus on People, Performance, and Purpose. The report details Antero Resources’ ongoing commitment to the communities in which it operates, safe operations, environmental excellence, and strong governance. Frankly, we could care less about ESG programs–an attempt to impress people who will never be impressed with the extraordinary efforts made by fossil fuel companies to respect the environment. What caught our eye in Antero’s report is the amount of money the company invested in West Virginia and Ohio, where it drills for liquids and gas.
Last week Pennsylvania issued just 8 new permits for Marcellus/Utica drilling, down a bit from previous weeks. Ohio issued 10 new permits. We don’t often see Ohio issue more permits in a week than Pennsylvania. Finally, West Virginia issued just 1 permit for new shale drilling last week.
OTHER U.S. REGIONS: Activist investor Carl Icahn reveals stake in Southwest Gas, urging company to drop acquisition; NATIONAL: With winter coming and energy prices soaring, Biden doubles down on anti-energy policies; U.S. shale giant says OPEC controls oil prices; INTERNATIONAL: First string of Nord Stream 2 filling with gas; OPEC+ holds both the knife and the cake; Europe’s messy transition to clean-energy is making some investors very rich.