Marcellus & Utica Shale Story Links: Tue, Jul 24, 2012
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
Spot natural gas prices at Marcellus trading point reflect pipeline constraints
Alaska Business Monthly
Daily natural gas spot prices between Tennessee Gas Pipeline (TGP) Zone 4 Marcellus and Henry Hub have diverged recently largely due to rising Marcellus production, which has outpaced the growth of available take—away pipeline capacity in northern Pennsylvania.
U.S. Says Shale Gas Output Rose 24% in May From Year Earlier
Bloomberg
Natural-gas production from shale formations rose in May on increased supplies from the Marcellus deposit even after prices fell to a 10-year low, Energy Department data show.
NYT: There’s Still Hope for the Planet
Breakthrough Institute Blog
A grand experiment has taken place. Europe put in place a cap and trade scheme. The U.S. did not. And where European nations banned or did not develop shale gas resources, the U.S. tapped so much of it for the price of natural gas to drop 80 percent since 2008.
Russia’s Gazprom skeptical of US-led shale gas boom
Platts
Russia’s state-owned natural gas company says the US shale-gas boom is economically unsustainable — and it’s buttressing its claim with financial data collected by an American consulting firm located less than 20 miles from the White House.
Hedge funds increase gas bets as surplus shrinks and weather hots
Gulf Times
Hedge funds raised bullish bets on natural gas to the highest level in more than a year as a glut of the fuel shrank for the 15th consecutive week and hot weather stoked demand from power generators.
Thousands Turn Out to Learn About Natural Gas at Cabot’s 3rd Annual Picnic
Energy in Depth – NMI
While we were still enthused from the excitement of last weekend’s Vote4Energy rally where thousands of New Yorkers came out to support natural gas, we headed to Harford Fairgrounds in Susquehanna County last weekend for the 3rd Annual Cabot Oil & Gas Picnic.
Shale Gas Fixes Schools, Hospitals & Roads
Energy in Depth – NMI
Last week members of several local coalitions in Sullivan County, New York, came together for an educational meeting on the Ad-Valorem shale gas tax, as well as a screening of Truthland.
Penn State Hears Missing Voices, But Misses the Point
Energy in Depth – NMI
Sadly, for me as a Penn Stater, I am forced to conclude this is exactly what we’re seeing from the university’s Center for Economic and Community Development with its recently released Marcellus Shale: Land Ownership, Local Voice, and the Distribution of Lease and Royalty Dollars. It offers nothing new and is a little more then a platform from which to launch broadsides against owners of mineral rights.