Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals

The owner of two hotels in California–the Handerly Hotels in San Francisco and San Diego–who happens to own 19,185 shares of CNX Resources, is attempting to bully CNX into providing an annual report on the company’s “efforts” to comply with the nonsensical “Paris Agreement” to reduce so-called greenhouse gas emissions. Jon Handerly picked the wrong guy in CNX CEO Nick DeIuliis to pick a fight with. We suspect it’s all a PR stunt by Handerly to boost the market visibility of his hotels–to sell a few more rooms. After all, the nutballs who live in Cali like this sort of environmental grandstanding.
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If we’ve heard it once, we’ve heard it a thousand times–the claim that fracking causes earthquakes. We’ve talked about this issue almost from the beginning of writing the MDN blog site in 2009. A quick summary of our own observations is that frack wastewater disposed of via injection wells (not fracking itself) is the culprit in causing low-grade earthquakes in some areas. However, the wastewater doesn’t cause an earthquake unless the injection well is located on or near a natural underground fault in the rock layer. Rarely (we can count it on one hand) have we read of fracking itself causing an earthquake. Yet a researcher from Ohio’s University of Miami claims research shows fracking itself can cause an increase in earthquakes.
Disappointing news has been a constant this week–and it’s only Tuesday! Yesterday the U.S. Supreme Court proved that sometimes it’s not so supreme. The high court breathed new life into a long-running lawsuit funded by Big Green groups using (abusing) a small group of uppity Virginia landowners who are arguing the Federal Energy Regulatory Commission (FERC) had no right to delegate authority to Mountain Valley Pipeline (MVP) to use eminent domain to cross land, including the land owned by the small group of uppity landowners in Virginia.
Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power–an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see
Energy Transfer’s (ET) Lake Charles LNG project, in Louisiana, has been plagued with trouble from the beginning. The project began life as a 50/50 joint venture with Shell. However, Shell pulled out in 2020 (see
There is no question of a huge world appetite for U.S. LNG exports. Even so, the effort to bring new LNG projects online in the U.S. is problematic for several reasons. An extensive article in the Financial Times says “intense competition between developers” and “escalating costs” are making it hard to bring new projects online. Where do things stand? Over the next four years, six projects currently under construction will come online, delivering an extra 64.82 million tonnes per year (mn t/y) of LNG. However, there are another 11 projects that have not yet made a final investment decision (FID). Some may end up getting built, some won’t. If (by a small miracle) all of the 11 were to get built as planned, it would deliver another 110.37 mn t/y of LNG for the world to purchase and use.
New York Gov. Kathy Hochul, a true extremist, is trying to ban natural gas hookups in every single new home and business across the “Empire” State (see
Last August, Columbia Gas Transmission (a subsidiary of TC Energy) filed with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of 49 miles of existing pipeline (see
S&P Global Commodity Insights reports that natural gas production in the Marcellus/Utica has fallen this month, in April, by some 400 million cubic feet per day (MMcf/d) from the average production seen during the first quarter. The most notable declines are in eastern Ohio and southwestern Pennsylvania. Why is production down? Falling demand (from mild weather) and high rates of storage (extra supply) are crashing the spot price for natural gas traded at the region’s defacto benchmark trading hub–Eastern Gas South.
Last November, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania) began to leak. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see 
We read with some amusement a column by the CEO of Qamar Energy (an OPEC-tied consultancy based in Dubai, UAE) that says yep, American shale oil output has hit its zenith. It’s all downhill from here. The Big Oil companies have taken over all of the good shale assets in the States and they plan to drill less in places like the Permian Basin (in West Texas and eastern New Mexico). This latest prediction makes us laugh out loud. How many times before have we heard the same thing uttered from noobs, both domestic and (in this case) foreign. They consistently underestimate American ingenuity. Just when everyone predicts “peak oil” and declares shale production is all over, a new discovery is made. A new piece of technology is introduced. A new shale layer is explored. A new technique is adopted. This is the American way. And it confounds the “experts” every single time. Such is the power of free enterprise and capitalism.
Yesterday the Bidenistas at the Dept. of (In)Justice (DOJ) and the Environmental Protection Agency (EPA) announced a “settlement” (i.e. bullying) with three pipeline companies–Williams, MPLX, and Kerr-McGee Gathering. The settlement requires the three to pay a combined $9.25 million in civil penalties and make improvements at 25 gas processing plants and 91 compressor stations in 12 states, including Ohio and West Virginia, worth another $16 million. The two federal agencies claimed the pipeline companies were violating federal and state clean air laws related to leak detection and repair (LDAR) requirements for natural gas processing plants at various facilities they own and operate across the country.
We appear to finally be at the end of an eight-year road with respect to new shale drilling regulations in Pennsylvania adopted back in 2016. Two days ago, the PA Supreme Court overturned a Commonwealth Court decision that blocked the Dept. of Environmental Protection’s (DEP) ability to control shale drilling near schools and public playgrounds. In October 2016, after five years in the making, PA adopted new shale drilling regulations called Chapter 78 (see
We sometimes ponder (and despair) over this question: Does the truth matter anymore? Do people actually care whether or not they are being lied to–by the government, by the media, by so-called experts? The trigger for our dark reflection on metaphysics comes from the news that the Pennsylvania Independent Regulatory Review Commission (IRRC) yesterday approved, by a vote of 3 to 2, a new regulation controlling volatile organic compound (VOC) emissions and by extension, methane emissions, for Pennsylvania’s conventional oil and gas drillers. How is that news event related to truth and lies? We will explain.