JPMorgan CEO Says Seize Private Property to Avoid Global Warming
We’ve often written about “permitting reform” needed to build new pipeline projects and finish existing projects like the stalled Mountain Valley Pipeline. Last year U.S. Senator Joe Manchin (Democrat, WV) tried and failed to get permitting reform passed (see Manchin’s “Save MVP” Permitting Reform Dies (Again) in Senate Vote). In February of this year, Republicans in the House said they would try their hand to get it done (see House Republicans Tackle “Permitting Reform” – Help Save MVP?). Long lead times for new projects not only block new pipelines, but also solar and wind projects. Jamie Dimon, CEO of JPMorgan Chase, shared his solution as part of a letter to shareholders. Dimon thinks the government and corporations should just seize private property using eminent domain to get these projects built now. Because, you know, global warming justifies it.
Read More “JPMorgan CEO Says Seize Private Property to Avoid Global Warming”
On several occasions, we have compared the current abdication of rational thinking in the global warming debate to the Dark Ages and the Catholic Church’s policy of selling indulgences to sinners. Got a few big sins you’ve committed? No problem. Just pay your money to a priest, and it gets magically absolved. Compare that with paying for carbon offsets today. We dare you to tell us how there’s a dime’s worth of difference! The Renaissance (and Reformation) delivered us from the practice of buying indulgences to absolve sins. An article in Forbes says we may be on the cusp of a new Renaissance to deliver us from the lunacy of buying carbon credits.
The left’s insane push to ban the use of all fossil energy, including natural gas, is beginning to bear fruit with large utility companies. Dominion and National Grid–huge electric and gas companies providing service to millions of customers–are rumored to be shopping some of their natural gas pipeline networks. So says the venerable Wall Street Journal. The reason? They believe the end of providing natural gas to customers is now on the horizon, and they want to dump their gas pipeline assets now, while those assets will still fetch big money.
In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see 
Two weeks ago, MDN did something we don’t often do: We broke news, providing an exclusive that Naceo’s plan to build a $6 billion gas-to-liquids (GTL) refinery on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA, is still alive and active (see 
Since 2015 we’ve reported on the case of Grant Township (Indiana County, PA), a town that passed an ordinance cooked up by the radical Big Green group Community Environmental Legal Defense Fund (CELDF) to try and block a state-approved injection well proposed by Pennsylvania General Energy (
As we reported back in February, the Biden EPA plans to allow private citizens to police oil wells and pipelines for methane leaks–meaning Big Green groups actually do the “policing” (see 
It’s not often we’re rendered speechless, but this is one of those times. To say we are incensed, that we are deeply concerned, outraged, etc. doesn’t begin to cover it. Last Friday, the film “How to Blow Up a Pipeline,” a screen adaption of Eco-Marxist Andreas Malm’s book of the same title, was released. The film, which is a fictional story, justifies eco-terrorism. It encourages people to become terrorists and blow up fossil fuel pipelines.
An issue that’s been festering for more than two years appears to be coming to a head in western Potter County, PA. In early 2021, Roulette Oil and Gas applied for a Class II Injection Well Permit to drill an injection well in Clara Township. The leftists from Community Environmental Legal Defense Fund (CELDF) immediately began to whisper the siren song of “home rule” into the ears of Clara’s residents (see 
During a routine inspection conducted earlier this week by the Pennsylvania Dept. of Environmental Protection (DEP), an inspector discovered two of 12 Repsol wells on a pad in Susquehanna County were (gasp!) venting methane into the atmosphere. Call the methane police! There’s fugitive methane escaping! The wells were drilled in 2016. Apparently, there has been an ongoing issue with these two wells since 2017, when the DEP determined the wells have defective casing and/or cementing.
In 2022, the first full year after emerging from the worldwide COVID pandemic, the U.S. and world economies rocketed. Inflation rocketed too, but that’s a different story. Because of the high price for natural gas and oil last year (in response to Russia illegally invading Ukraine), U.S. shale drillers increased capital expenditure spending by a whopping 54% over what they spent in 2021. What about this year? The analysts at RBN Energy have analyzed the announced spending by 42 shale oil and gas producers (with a market cap of at least $500 million) and find this year, shale drillers will only expand spending by a “modest” 17%. What about spending in the Marcellus/Utica?
In his first two days in office, Joe Biden declared war on the oil and gas industry. One of the first things he did was to revive an interagency working group on the “social cost” of greenhouse gas emissions and directed the issuance of an “interim” cost (see 
We don’t write much about RNG because, quite frankly, it doesn’t interest us. We’d rather punch holes in the ground to get natural gas than cap a manure pile to collect it. There’s a lot of hullabaloo about RNG these days, some of it coming from shale circles (which we find odd). Here’s the thing: If you believe producing and using RNG is going to address the concerns of anti-fossil fuel nutters, you are deeply mistaken. The wacko left that hates fossil fuels, including natural gas, hates RNG too.