Clever Move: PA Republicans Ask Dem AG Shapiro to Block Carbon Tax
The very last line of defense against completely destroying Pennsylvania’s coal industry and mortally wounding its Marcellus Shale industry happens in 2022 when Pennsylvanians select their next governor. Current Gov. Tom Wolf is attempting to force his state, against the wishes of the state legislature, to enter the so-called Regional Greenhouse Gas Initiative (RGGI), an obscene tax on carbon. If Republicans win the governorship next year it gives them the opportunity to overturn Wolf’s carbon tax. If Democrat Josh Shapiro, the current Attorney General, wins, it’s all over for coal and soon thereafter for the Marcellus Shale industry.
Read More “Clever Move: PA Republicans Ask Dem AG Shapiro to Block Carbon Tax”
This is an avoidable tragedy and very angering. Once again it looks as though Boston and the New England region will be hit with extremely high natural gas prices and will be forced to import LNG, most likely from Russia, to meet the region’s demand for natural gas. So says the Democrat-controlled Federal Energy Regulatory Commission (FERC). Meanwhile, the Marcellus Shale in Pennsylvania sits a couple of hundred miles away with more than enough gas to meet New England’s natgas demand, but we can’t get the gas there because pipelines have been blocked (by the Democrats who control New York and New England) and because rail shipments of LNG are blocked by executive orders from Joe Biden. We can’t even ship it there via LNG tankers because of the idiotic Jones Act.
Three weeks ago MDN told you that propane prices at both the wholesale and retail level were going through the roof (see 
Even though Pennsylvania Gov. Tom Wolf is already one of the most liberal governors in the country who delights in screwing with the Marcellus Shale industry in his state, some truly rabid leftists don’t think he’s doing enough to ruin the shale industry. A rogues gallery of the worst of the worst–including the PA Clean Air Council, Earthworks, Clean Water Action, and the Environmental Defense Fund–launched a website this week specifically aimed at pressuring Gov. Wolf to adopt methane rules so severe it completely strangles the Marcellus Shale industry into stopping.
Earlier this week the Potential Gas Committee (PGC) released the results of its latest biennial assessment of the nation’s natural gas resources. The report shows the U.S. possesses a total mean “technically recoverable resource base” of 3,368 trillion cubic feet (Tcf) as of year-end 2020. That number is 6 Tcf (or 0.2%) less than the amount of gas assessed in the previous period (from year-end 2018). The slight decrease breaks a trend of seven consecutive record-high resource evaluations. However, the report also shows we have more than enough gas to provide not only our own country’s needs, but also the gas needs for much of the world too.
NATIONAL: EIA projects that energy-related carbon dioxide emissions will rise over the next 30 years; Precision Drilling CEO bullish on improving oil, natural gas activity; Air Products’ plan to make hydrogen so blue it’s almost green; When will oil prices peak? Traders and analysts rethink their forecasts; INTERNATIONAL: JERA isn’t jumping at fixed-price LNG contracts as volatility spurs deal-making.