Harvard Study: Fracking is Safe, Profitable, Good for Environment!
Wow–who woulda thought Harvard University would publish a report that says fracking is a good thing (when done right) and that it will create 3.8 million new jobs by 2030 AND lower carbon emissions? The report, titled “America’s Unconventional Energy Opportunity” (full copy below) outlines “a strategic, fact-based approach to developing America’s new energy advantage to increase U.S. competitiveness and drive much-needed job and economic growth, to reducing environmental impacts, and to accelerating progress on climate change.” The authors say that with some tweaks to regulations and by using know best practices, hydraulic fracturing is safe–and an economic bonanza for America–AND good for the environment (reduces nasty carbon dioxide which causes mythical global warming)! It’s important to note the study was self-funded and published by the Harvard Business School. No outside money was involved from the likes of the Park Foundation or Heniz Endowments or William Penn Foundation–virulent anti-drilling Big Green organizations that routinely purchase “scientific” studies with pre-determined outcomes. This time is different. The authors were not beholden to big money benefactors. They are smart people tackling tough issues with an open mind–and the conclusion they come to is the same conclusion reached by millions of people who bother to research the issues: fracking is safe…
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An important new project in the Marcellus/Utica was announced by Energy Transfer Partners (ETP) yesterday. The project, dubbed the Revolution Project, includes a new 100-mile gathering pipeline system in Butler County, PA along with a new cryogenic gas processing plant to be constructed “in western Pennsylvania.” The processing plant will be called the Revolution Plant. A pipeline (called the Revolution Pipeline) will be constructed to connect the Revolution Plant to Sunoco Logistics’ Mariner East NGL pipeline to handle NGLs coming from the plant. Another pipeline will be built to connect the plant to ETP’s Rover pipeline to handle natural gas coming from the plant. Also part of the Revolution Project will be a new fractionation facility to be built at the Marcus Hook refinery in the Philadelphia area. Total price tag for the whole shebang: $1.5 billion…
Canary LLC is the largest privately owned (no publicly traded stock) oilfield services company in the U.S. Canary competes with the likes of Schlumberger, Halliburton and Baker Hughes. We wrote about Canary in January 2014, pointing out the company has operations in both the Marcellus and Utica Shale (see 
We continue to find it deliciously ironic that the jingoistic man who hates having “foreigners” from places like Texas, Oklahoma and Louisiana come to work in his state in the oil and gas fields, Ohio Gov. John Kasich, is the man who is desperately courting a Thai and Japanese joint venture to invest billions in his state. Along with that investment will come workers from those countries. We’re talking, of course, about the recent announcement that that PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, and money partner Marubeni Corporation, a Japan-based company, have selected Belmont County, OH as the location to build a $5 billion ethane cracker plant complex (see 
We hate to rain on Belmont County, OH’s parade, but we have to point out their celebration over the announcement about a potential ethane cracker plant announced on Wednesday may be a bit premature (see 
As we told you Tuesday, Ohio is now squarely in the ethane cracker race (see