EQT CEO Toby Rice’s Unconventional Rise to Run US’s #1 Gas Co
You might think that Toby Rice, son of Daniel Rice III who was, at one time (for over a decade), the single most successful and profitable mutual fund manager in the world, was born with a silver spoon in his mouth. You might think that everything was given to Toby Rice on a silver platter. You would be wrong. Prior to running the largest natural gas producer in the U.S., Toby Rice was, among other professions, a chimney sweep (cue the song from Mary Poppins, Chim Chim Cher-ee). He then swept floors for $9 an hour while he attended grad school to learn about fracking. Toby knows what it’s like to work (hard) for a living.
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In the early days of the Marcellus and Utica Shale, a number of studies and predictions were made about how the industry would bring tens of thousands of jobs and inject billions of dollars into state economies. In Ohio, a Cleveland State University (CSU) report issued in 2012 predicted that Ohio’s then-growing fracking industry would add 66,000 direct and indirect jobs and $5 billion a year to the state’s economy by the end of 2014 (see 
In May 2021 MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline near Louisville to supply gas to 62 homes and businesses that can’t connect to LG&E’s local natgas utility system (see 
According to the Philadelphia Inquirer, refineries in the Greater Philly area are among the biggest importers of Russian crude oil in the U.S. President Biden recently slapped a ban on imports of Russian crude oil. So what happens to the Philly refineries that use it? Where will they get their oil from to keep operating?
The left is so predictable–no matter if they are here in the U.S. or somewhere else in the world. And the left never seems to change. Back in the late 1970s when failed President Jimmy Carter faced an oil shortage situation, he recommended people turn down their thermostats and wear sweaters. The left always operates from a “shortage” paradigm rather than an abundance paradigm. Today, history repeats itself. The leftists that infest the International Energy Agency (IEA) told us last year that new oil and gas exploration should immediately stop worldwide (meaning in the U.S.) to save Planet Earth from Global Warming monsters (see 
MARCELLUS/UTICA REGION: Climate scientist Michael E. Mann leaving Penn State for UPenn; NATIONAL: Shale companies drilling more, but oil output growing little; How much more LNG can the U.S. send to Europe?; Yes, Biden is to blame for the energy crisis…here’s why; NGSA and CLNG Request Rehearing of FERC updated policies; INTERNATIONAL: Germany seals gas deal with Qatar to reduce dependence on Russia; A ‘Plan B’ for addressing climate change and the energy transition.