Does the U.S. Natural Gas Industry Have a Future?
A pair of analysts (authors/economists) have an article on the OilPrice.com website asking this question: Does the Natural Gas Industry Have a Future? They use data to paint a picture of a commodity (natural gas) that is, at best, in trouble. Why? The sales volume of natgas has gone up, but ever-so-slowly. The usage of natural gas by consumers to heat and cook is going down, especially in places that are banning it for those uses (like New York State). The picture painted by the authors appears to be pretty bleak. As usual, we have a different perspective.
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Last Wednesday, before heading out the door for the Thanksgiving holiday, MDN brought you the sad (but not unsurprising) news that Pennsylvania Gov. Josh Shapiro had decided to appeal a Commonwealth Court decision striking down his predecessor’s attempt to force the state to implement a multi-billion-dollar carbon tax, called the Regional Greenhouse Gas Initiative (see 
In January 2016, Invenergy announced its intention to build a natural gas-powered electric plant in rural Elizabeth Township, in Allegheny County, PA (see 
Glenn O. Hawbaker, Inc.
The dead cat bounce bounced a little higher last week (i.e., the slight bounce a dead cat makes when it hits the ground). The rig count hit a new low for 2023 three weeks ago (see 
Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see 
The irrational leftists who inhabit the Biden administration can’t help themselves. They HATE fossil fuels and are doing everything they can to destroy the fossil energy industry using the regulatory power of the Executive Branch. Biden may or may not be aware of the situation (he’s so clueless). Regardless, the Bidenistas have their sites set on damaging fossil fuels with “a battery of rules in the coming months” — at least six significant new regulatory actions to “control” methane emissions.
We’ll say it right up front: We told you so. Pennsylvania Gov. Josh Shapiro announced yesterday that he will appeal a decision by the Commonwealth Court that blocks PA’s entrance into the obscene Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme. Are you surprised? Shocked? We certainly aren’t. Shapiro has just revived a huge threat to the future of the Marcellus Shale industry in the Keystone State. Still happy you voted for Shapiro? No, we didn’t think so.
Pennsylvania’s Pipeline Investment Program (PIPE) issues grants covering part of the cost of building new natural gas pipelines to connect homes and businesses, typically in rural parts of the state, to homegrown Marcellus Shale gas supplies. We’ve written about many PIPE grant projects in the past (
The New York Independent System Operator (NYISO), the nonprofit that oversees the state’s electricity system, has warned New York State for YEARS of coming blackouts if peaker plants in New York City are forced to close in 2025 (see 
STV, a New York City-based professional services firm that plans, designs, and manages infrastructure projects across North America, recently announced that it will exit servicing the midstream oil and gas market after signing an agreement with Pennsylvania-based Allied Resources Group (ARG). ARG is acquiring STV’s midstream oil and gas business operations for an undisclosed price, effective November 30, 2023.
Veteran equity oil and gas analyst Jeff Robertson, managing director with 
Some exciting news to share. Earlier this month, midstream giant Williams gave a green light to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement. The project will flow an extra 1.4 Bcf/d (billion cubic feet per day) of Marcellus/Utica molecules southward along the Transco pipeline system, to deliver those molecules to states in the southern U.S. Mountain Valley Pipeline (MVP) will flow an extra 2 Bcf/d of M-U molecules to southern Virginia. Williams’ Southeast Supply Enhancement promises to flow some of those molecules further south (and southwest). This is a major new pipeline initiative that snuck up on us.
Three weeks ago, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal (see