Hypocritical ConEd Wants FERC Approval for NY Gas Pipe Project
This one doesn’t make a whole lot of sense for us. Late last year utility giant Consolidated Edison (ConEd) colluded with and supported the efforts of radicalized leftists in New York City to vote through a ban on new natural gas hookups starting next year (see ConEd Turns Traitor – Supports Natural Gas Ban in NYC Buildings). ConEd supplies electricity in addition to natural gas to customers in NYC and apparently figured it would just increase its electric business X-fold when natgas finally runs out. But suddenly, ConEd is lobbying to get a previously announced project to expand natural gas flows along the Iroquois Gas Transmission pipeline that delivers gas to…ConEd. Huh?
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The world’s (and North America’s) largest oilfield services companies, including Schlumberger, Halliburton, and Baker Hughes, are all saying the same thing: Drillers are getting ready to drill more this year. Some sub-sectors of the drilling market, like completions, are already “sold out” according to Halliburton. Good luck to drillers who want to add more completions crews right now. Prices are going up for fracking fleets and other services offered by OFS companies.
New York State has become aggressively hostile to any business remotely connected to fossil fuels. NY is openly prejudiced and discriminates against oil and natural gas companies. Increasingly the state is rejecting “bitcoin miners” that use natural gas (or God forbid, coal) to produce electricity to power some serious computers (see 
Last Thursday the NYMEX Henry Hub futures contract for natural gas went on a wild ride, closing up $1.99 (46%) from the previous day (see 
Full-scale war in Eastern Europe, with Russia set to invade and annex Ukraine, seems closer now than at any time since the breakup of Yugoslavia and, before that, World War II. One very important key NATO member is resisting calls from Joe Biden to send troops and threaten sanctions against Russia if it invades: Germany. Why? Because Germany sucks on Russia’s oil and natural gas teat for a significant portion of its energy. Is there a connection between the global crisis half a world away and the Marcellus/Utica?
A new study out of Harvard University purports to link fracking with early deaths of senior citizens. It is fake research. Here’s the main finding of the study: Senior citizens who lived closest to fracked shale wells (including seniors in the PA Marcellus) had an early death risk 2.5% higher than people who did not live close to the wells. If it were an opinion poll we would say it’s within the margin of statistical error. In other words, these “researchers” didn’t find a darned thing. And yet the headlines have already begun in fake news media…
MARCELLUS/UTICA REGION: Hearing set for Marcellus Shale gas compressor station in Upper Burrell; OTHER U.S. REGIONS: Frigid Canadian winter slashes gas exports to Midwest as demand soars; NATIONAL: Over $1B available for U.S. orphaned O&G well clean up jobs; McDermott starts-up carbon footprint calculation tool; INTERNATIONAL: Natural gas markets under extreme duress.