Two Possible Paths for PA’s Energy Future in 25 Years

What will Pennsylvania’s future with respect to energy look like 25 years from now? What role will shale gas play? And how will that role affect the state? A group of 35 people began to study that question in the summer of 2017 and the end result, a new study, has just been released (full copy below). According to the study’s results, there are two distinct paths PA can take, resulting in two very different outcomes.
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Utica Shale Industry has (So Far) Invested $70B in Ohio

Did you know that at least $70 billion has been spent in Ohio on drilling and pipelines and other infrastructure to support the Utica Shale industry since 2011? No, we didn’t either. That is an astounding number! How about this number: Ad valorem (i.e. property) taxes paid by the shale industry from 2010 through 2018 have totaled ~$132 million. That’s money that goes to fund local schools and towns. Amazing!
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New Study: 45% of U.S. Natural Gas Will Come from M-U by 2040

Yesterday IHS Markit released a study commissioned by Shale Crescent USA and JobsOhio that finds natural gas produced in the tri-state region of Ohio, Pennsylvania and West Virginia will be 45% of the nation’s production by 2040, up from 31% this year. This is truly big news with lots of ramifications.
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Wyalusing, PA LNG Export Plant Making Progress

Last November MDN brought you the exciting news that New Fortress Energy is planning to build an LNG (liquefied natural gas) liquefaction EXPORT plant in landlocked Wyalusing (Bradford County), PA (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA). What’s happening with the $800 million project? Anything?
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Republicans Respond to Green New Deal with Blue Real Deal

“OK Republicans, time to put up or shut up” (so says the wacky left-wing fringe of the Democrat Party). “You don’t like the Dem’s Green New Deal? You think it’s certifiably crazy (which it is)? Tell us what *your* plan is to save the environment.” Glad you asked! Republicans have one, and it’s called switching to natural gas. Republicans propose to replace Communist-inspired Green New Deal with a Blue Real Deal.
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Trend: Marcellus/Utica Drillers Will Drill Less in 2019

There’s just no getting around the obvious–that the shale industry is once again heading into something of a dip. We’re not just talking about shale oil drillers scaling back drilling new wells in places like Texas and North Dakota. We’re talking about big gas drillers in the Marcellus/Utica who are signaling that 2019 will see less spending and less drilling, although production won’t decline.
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Delayed ME2 Pipeline Cost PA a $675M Plastics Plant + 1K Lost Jobs

Braskem USA, headquartered in Philadelphia had a decision to make in 2016: Locate a new polypropylene plant in their own backyard, at the Marcus Hook refinery site on the outskirts of Philly–or locate it in Texas. They picked Texas because not enough NGLs (propane) were flowing to Marcus Hook due to delays (caused by Big Green lawsuits) in the Mariner East 2 pipeline.
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Big Green has Cost America $110B by Blocking Energy Projects

A new report (full copy below) by the U.S. Chamber of Commerce Global Energy Institute (GEI) found that the anti-energy “Keep it in the Ground” (KIITG) movement has prevented at least $91.9 billion in domestic economic activity and eliminated nearly 730,000 job opportunities. In addition, federal, state, and local governments have missed out on more than $20 billion in tax revenue.
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Study: Shale Boom Lowered Trade Deficit by $250B

What if the shale revolution had never happened? We’d be another $250 billion in the hole with our trade deficit. That’s the finding of a new report released by IHS Markit titled “Trading Places: How the Shale Revolution Has Helped Keep the U.S. Trade Deficit in Check.” The report finds the total U.S. merchandise trade deficit in 2017 was $250 billion lower than it otherwise would have been if the petroleum (crude oil, refined products and natural gas liquids – petroleum liquids separated out from natural gas and also known as NGLs) trade deficit had remained at its 2007 level. Thank God for shale! The report also examines the impact of rising U.S. oil, natural gas and chemicals production on the domestic trade merchandise balance and how the U.S. position in energy and chemicals may evolve in coming years. Interesting stuff.
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PA Says Forget Amazon’s 50K Jobs, We’ve Got Shale & 100K Jobs!

Both Pittsburgh and Philadelphia were in the running to become Headquarters 2 (HQ2) for online shopping behemoth Amazon. But neither got it. They both bent over backward, forward, and sideways, wined and dined Amazon people, and in general did everything they could short of bribery to attract Amazon to their respective cities. In the end, Amazon decided to split HQ2 between New York City and a suburb of Washington, D.C. Now that the distraction of pursuing Amazon is gone, a couple of energy industry players in Pittsburgh say it’s time to focus again on reality. Amazon offered 50,000 jobs to the winner(s) of HQ2. The PA Marcellus industry offers 100,000 jobs that pay way more, IF we hurry to capitalize on it. So says Morgan O’Brien, president and CEO of Peoples Natural Gas, and Stacey Olson, president of Chevron Appalachia.
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New England Utility Makes Ban on New Gas Hookups Permanent

In December 2014, Massachusetts-based utility Berkshire Gas Company announced the amount of natural gas they could purchase from the Tennessee Gas Pipeline (TGP) was at full capacity. There’s no additional gas supplies to buy–unless TGP should build their Northeast Energy Direct (NED) expansion project. So Berkshire was forced to tell new customers for natural gas in portions of Franklin County they would not be able to tap into Berkshire’s line (see Guts: No New Pipeline in MA? Then No New Natgas for Utility Customers). In January 2016, Berkshire had to expand the prohibition area, turning down new businesses in neighboring Hampshire County (see Shortages Begin: Tangible Result of No Pipelines in New England).
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