U.S. NatGas Production to Hit Record High in 2023, Demand to Fall
Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Yesterday’s May edition predicts that U.S. natural gas production will rise to hit a new, all-time record high of 101.09 Bcf/d (billion cubic feet per day) this year! That’s up from last year’s record-high of 98.13 Bcf/d. However, the report also predicts domestic gas consumption will fall. What about prices? More supply with less demand typically means lower prices.
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In March, West Virginia Senate Bill (SB) 188, aimed at making WV’s gas-fired power generation more competitive with its neighbors in Pennsylvania and Ohio, was passed by the legislature and signed into law by Gov. Jim Justice (see
THE Delaware Riverkeeper appears to be obsessed with New Fortress Energy’s plan to liquefy natural gas in Bradford County, PA, and ship it via rail and truck to a former DuPont dynamite factory site in New Jersey along the Delaware River for export. Riverkeeper released a “report” (propaganda) bashing the LNG export plan. Riverkeeper paid a consulting firm that hires itself out to Big Green groups to produce the report.
We are extremely unimpressed with New York City’s main utility company, Consolidated Edison. Con Ed supplies customers in all of New York City and Westchester County with electricity, and major portions (but not all) of NYC and Westchester with natural gas. The company has thrown in its lot (colluded with) New York’s far-left Democrats on a plan to kill off natural gas for its customers, believing it can eliminate some of its competitors. Con Ed is more than happy to build new projects, like a six-mile electric transmission line through Queens, and then pass the $275 million price to its customers to pay back. The new transmission line is meant to deliver enough extra electricity that Con Ed can shut down the gas-fired peaker plants it uses to help supply electricity on heavy usage days.
Ever hear of the term MAD–or
Yesterday, the management of NextEra Energy announced it has officially lost its collective mind. The company is selling its two natural gas pipeline investments–one in Texas and the other right here in the heart of the Marcellus Shale–because it wants to concentrate 100% on unreliable (and government-funded) “renewable” energy projects instead. You may recall that NextEra bought Meade Pipeline Co LLC for $1.37 billion in 2019 (see 
Last week MDN brought you the sad news that New York State has fallen and is now under a Communist dictatorship, with the freedom to choose an energy source now gone (see
Oklahoma has officially joined a growing list of states pulling its business from banks and investment firms that boycott the fossil fuel industry. Last week Oklahoma State Treasurer Todd Russ published a list of 13 firms, including BlackRock (the largest investment firm in the world), that the state will no longer do business with. The list also includes Wells Fargo, JPMorgan Chase, Bank of America, and State Street. This is how we fight back against the anti-fossil fuel cabal–by taking money out of their pockets–hitting them where it counts.
We’ve noticed that the more science and objective proof is offered to prove that the warming of planet Earth is a natural cycle and not caused by humans, the more shrill and unhinged the left becomes. They resort to name-calling (you’re a “climate denier”), and they even, in their unguarded moments, suggest that perhaps people who espouse an opinion different from theirs should be jailed (see
On Friday, Pennsylvania Attorney General Michelle Henry announced her office has filed criminal charges against two men for falsifying paperwork and risking catastrophe while working on a natural gas pipeline project in western PA. The AG’s Environmental Crime Section and the US Department of Transportation’s Office of Inspector General investigated a case of suspected fraud in falsifying records for portions of a MarkWest Liberty Pipeline to transport NGLs.
The Shell ethane cracker plant in Beaver County, PA (near Pittsburgh) has experienced a number of problems over the past six months during startup, including flaring and foul odors (see
The Pennsylvania-based Community Environmental Legal Defense Fund (CELDF), along with Citizens for Rights of the Ohio River Watershed (CROW), are trying to gather enough signatures from Cincinnati residents to put a measure on a city ballot that would create a so-called Bill of Rights (i.e. bestow human rights) for the Ohio River and its watershed. We wonder what the Ohio River “thinks” about that! This isn’t the first time the radicalized CELDF has tried this stunt in Ohio (see 
Here’s something truly noteworthy–something you need to sit up and pay attention to. Last Thursday, all four Federal Energy Regulatory Commission (FERC) commissioners–two Democrats and two Republicans–sat before the Senate Energy and Natural Resources Committee in a hearing and said the same thing. All four FERC commissioners warned the Senators that too many coal- and gas-fired power plants are retiring without enough new sources coming online to replace them. They said the situation is “catastrophic” and “the red lights are flashing.”