Joe Manchin Tries to Smear Lipstick on Inflation Reduction Act Pig
One year ago, we reported the sad (and angering) news that U.S. Senator Joe Manchin, a liberal Democrat from West Virginia, had betrayed his WV constituents and the entire country by secretly cutting a deal to vote for Joe Biden’s New Green Deal bill repackaged under the false and misleading name of the Inflation Reduction Act (see Tragedy: Joe Manchin Caves & Agrees to Big Green Build Back Better). Among one of the (many) ways the IRA aims to destroy fossil energy is by assessing a new methane tax (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). The bill also hands out $7,500 to rich people as an incentive to buy electric cars. Manchin is actually celebrating the IRA this week.
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The left always twists language in its attempt to push its ideology and agenda–even in Christianity. The Pennsylvania-based Evangelical Environmental Network (EEN), during its 15-year history, has supported every far-left environmental regulation proposed by the Democrat Party, and has criticized every conservative, Republican energy plan that allows for fossil energy to flourish in the Keystone State. That’s been our observation. They call themselves “Evangelical,” which is supposed to mean sticking to the teachings of the Gospel of Christ. Somehow they twist the word Evangelical into worshiping the mythology of man-made catastrophic global warming. They claim it is “creation care” to aggressively address global warming using anti-capitalist Marxist political ideology, like supporting the EPA’s plan to phase out all natural gas-fired power plants with new onerous regulations.
S&P Global Ratings is a credit rating agency and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, including Moody’s Investors Service and Fitch Ratings. In what can only be characterized as an earthquake in the so-called ESG movement, S&P Ratings announced it is ditching its system of numerically ranking corporate borrowers on their ESG risk on a scale of 1 to 5–just two years after implementing it. Why?
On July 11, the federal EPA held an online hearing to accept comments on a draft permit it intended to issue allowing G2 STEM to drill a proposed new wastewater injection well in Fayette County, PA (see 
The League of [Liberal Democrat] Women Voters of Pennsylvania is “teaming up” with the leftist fanatics at Food & Water Watch to launch a zombie (i.e., form) letter-writing campaign, hoping to convince the U.S. Department of Energy (DOE) NOT to award a $1 billion hydrogen hub contract for any application that includes the Keystone State (there are three such applications). Cause, you know, it would involve building more fossil fuel infrastructure in the state, and *everybody* knows that fossil fuels are Satanic. The Lib Dem groups are hoping if they can’t dazzle the DOE with brilliance, they can baffle them with mountains of Barbara Streisand form letters.
The so-called Center for Climate Integrity (CCI) is behind most of the lawsuits filed by municipalities around the country (cities, counties, states) against Big Oil & Gas companies, claiming fossil energy companies know and have known for years that using their products is toasting Mom Earth into oblivion. It is the most outrageous abuse of the justice system we know of. The lawsuits are instigated (and funded) by CCI and a litany of colluding nonprofits. Get ready in the Keystone State. CCI has partnered up with the Philadelphia-based Clean Air Council (CAC) and, by all appearances, is trying to convince government officials in PA to sue PA energy companies.
Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP) project, proposed to extend the pipeline by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The extension is called MVP Southgate. North Carolina Gov. Roy Cooper, a liberal Democrat, is against it (see 
We read an article that breathlessly proclaimed North Carolina is on pace to generate more of its power from solar than from coal this year. It is, said the author, “another sign of the state’s energy transformation toward a greener future.” Release the party poppers! ? But as we read the article, we discovered solar only provides “roughly 8%” of NC’s electricity. Coal currently provides between 7% and 8%. The current champion is (and will be for decades) natural gas, which provides 40% of NC’s electricity. So much for NC’s “transition toward a greener [solar] future.”
There is trouble brewing along the Gulf Coast between Venture Global LNG and its biggest customers: BP, Shell, Edison International (an Italian utility company), Repsol, and GALP Energia (a Portuguese energy company). Venture Global is building the Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish, less than 50 miles south of Lake Charles. While Venture Global is still working on completing Calcasieu Pass, it has, so far, shipped some 177 cargoes of LNG, much of that during the mega-high prices of last year when the Russia/Ukraine war was at its peak. Yet none of those cargoes went to the facility’s contracted customers, causing trouble.
In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see 
For the fourth week in a row and the 13th time in the last 14 weeks, the U.S. active rig count lost rigs. It’s grueling. Last week the number decreased by five rigs after falling five rigs the week before–now down to 659 active rigs across both oil and gas. The Marcellus dropped one rig (in Pennsylvania) for a combined M-U rig count of 45–the lowest this year. Some 14 weeks ago, the M-U lost four rigs (going from 53 down to 49). Seven weeks ago, we lost another rig, down to 48. Last week we lost two more down to 46, and this week another. The trend is not our friend.
Equitrans Midstream owns two natural gas storage wells in the Swarts Complex and Hunters Cave Storage Fields area of Greene County, PA–in Center, Franklin, Morris, and Washington Townships. CONSOL Energy, which used to be part of CNX Resources but is now a standalone company focusing on the coal industry, plans to mine coal above and around the Equitrans Hunters Cave and Swarts Natural Gas Storage Fields over the next several decades. So Equitrans is proposing to abandon its two existing storage wells (near where CONSOL needs to work) and drill two new wells in the same vicinity–just not near CONSOL’s coal mining activities.
Some disturbing news has just come to light thanks to an investigation by Fox News. According to internal Dept. of Energy (DOE) calendars obtained by Americans for Public Trust, DOE Secretary Jennifer Granholm secretly consulted China’s National Energy Administration Chairman Zhang Jianhua, a senior member of the Chinese Communist Party, on Nov. 19, 2021, and then again two days later on Nov. 21, 2021. On Nov. 23, 2021, the White House announced a release of 50 million barrels of oil from the Strategic Petroleum Reserve (SPR). After releasing the oil, Granholm’s DOE then sold millions of barrels of oil to China! In other words, Granholm sold cheap oil to China to prop up that country’s economy while making our own country less energy secure. China is America’s #1 enemy.
Williams, one of the largest pipeline companies in the world, issued its second quarter update yesterday. The company reported 2Q23 net income of $515 million, up 5% from 2Q22. The company had record high gathering volumes of 18.03 Bcf/d. The company provided updates for two important Marcellus/Utica projects. (1) Williams continues constructing the Regional Energy Access (REA) project with partial in-service expected in 4Q23. REA beefs up the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. (2) Williams received a FERC certificate for its Southside Reliability Enhancement Project, a project to beef up capacity along the Transco to flow an extra 423 MMcf/d of M-U gas to Piedmont Natural Gas and its customers in eastern North Carolina. But a third M-U project was mentioned not previously on our radar screen.