Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy
Berkshire Hathaway, owned by one of the richest men in the world, Warren Buffett, owns an energy subsidiary called Berkshire Hathaway Energy (BHE). BHE, in turn, owns major oil and gas assets across the country, including major assets right here in the Marcellus/Utica. In 2020, BHE cut a deal to buy Dominion Energy’s vast network of pipelines in the Marcellus/Utica (and beyond) for $9.7 billion (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). The deal included a 25% stake and operational control of Cove Point LNG (later upgraded to 75% ownership). We didn’t know that Berkshire Hathaway, the mothership, only owns 92% of BHE. The percentage is about to change to 100%. Read More “Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy”



The SHALE INSIGHT® 2024 event was held from September 24 to 26 at the Bayfront Convention Center in Erie, PA. Attendees got an insider’s view from the nation’s foremost energy leaders and experts on shale development, environmental protection, pipeline investment, energy-driven manufacturing, and in-demand jobs. We brought you a few news items we noticed in mainstream media from the event, one about antis protesting outside the event (see
We happened to come across two articles casting doubt on so-called “green” hydrogen, both from far-left media outlets (Bloomberg and POLITICO). Which kind of surprised us. The left believes hydrogen is the savior that will move the world to net zero carbon emissions and finally drive a stake in the heart of fossil energy. But there’s a problem with hydrogen for the left. Today, 95% of all hydrogen is produced by using natural gas as the feedstock. The brainiacs on the left believe passing an electric current (from electricity provided by solar and wind) through water to create hydrogen at scale (called “green” hydrogen) is the solution to replace natgas as a feedstock (called gray or blue hydrogen, depending on whether or not CO2 is captured). However, according to a new Harvard University study, producing green hydrogen isn’t economically feasible (and won’t be for decades) due to transportation and storage costs, two items overlooked in most green hydrogen scenarios. 
MARCELLUS/UTICA REGION: Trump promises to ‘frack, frack, frack’ if he wins; Natural gas, hydrogen training center in WV dedicated to labor leader; Grant funds available for emergency responders to prepare for gas well incidents; NATIONAL: Regulation-by-litigation disregards the democratic process, undermines justice.