Crude & NatGas Drilling Slowing, Which Affects Propane Supplies
Commodities like oil and natural gas are just about the purest form of free market capitalism on the planet. They are textbook supply-and-demand commodities. When supply goes up or down, given the same demand, the price for the commodity will go up or down inversely. It doesn’t take long for the markets to “balance.” The same on the demand side. If demand goes up or down and supply stays the same, the price will go up or down. But what about propane? The propane market is different and much harder to predict.
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We’re not even sure how to process this, or where to begin. We previously warned MDN readers that New York Gov. Kathy Hochul, an extremist, is trying to ban natural gas hookups in every single new home and business across the “Empire” State (see 
The Delaware River Basin Commission (DRBC), which treats the 17 counties in Pennsylvania under its jurisdiction as a fiefdom, has colluded with the leftists of the Big Green group Damascus Citizens for Sustainability to “settle” a lawsuit brought by the group against DRBC “forcing” the DRBC to further restrict and ban wastewater from conventional wells from being spread on roadways (dirt roads) in the 17 PA counties located behind the Iron Curtain of the DRBC.
Last summer Pennsylvania House Bill (HB) 2644 was passed into law, becoming Act 96 of 2022 (see 
During the second week of May, Marcellus driller Northeast Natural Energy will begin to drill a geothermal and carbon capture and sequestration (CCS) data collection well–all the way down to 15,000 below the surface. The test well is being done in cooperation with (under the direction of) West Virginia University and the U.S. Dept. of Energy. The study and the data collected from the well aim to test the potential of geothermal energy in the region and gather information on the potential for underground CCS in the Appalachian basin.
To store carbon dioxide (CO2) underground, you need a Class VI CO2 injection well. Currently, the federal EPA is the primary regulator (has “primacy”) in regulating Class VI wells in all but two states (neither of which is a Marcellus/Utica state). PA and other oil and gas states are seeking to become the lead regulator for Class VI CO2 wells, which we explained in a post in March (see 
You’ve gotta give Pennsylvania State Senator Gene Yaw credit–he sure knows how to get under the skin of the wackadoodle left! Yaw is the Majority Chairman of the Senate Environmental Resources and Energy Committee. His committee oversees (among other things) the state Dept. of Environmental Protection (DEP), which is the state agency that oversees energy industries, including shale drilling. Yesterday Yaw tweaked the left by announcing he will soon introduce a bill to remove the word “Protection” from the DEP’s name, and replace it with…
Although the Bidenistas are now in control of the formerly objective U.S. Energy Information Administration (EIA) and try to hide the truth about fossil energy, the truth has a way of coming out. In March, we told you about the latest edition of the EIA’s Annual Energy Outlook for 2023 (see 
As we have said many times, if we could have anyone else’s brain but our own, it would be Tom Shepstone’s. He is brilliant. Tom wrote a post on his 
Air monitors at Shell’s ethane cracker plant detected elevated levels of benzene (which can cause cancer in humans) following an April 11 malfunction. However, an industrial hygienist told attendees at Tuesday night’s webinar session with local residents that the levels of benzene detected at the cracker’s community-adjacent fenceline during and after the release were too low to cause “even transient discomfort or irritation.” The highest concentrations found outside the fenceline were “in the parts per billion range.”
The U.S. Energy Information Administration (EIA) says less natural gas was withdrawn from storage this past winter (Nov. 1 through Mar. 31) than in the past seven years. We entered the heating season with about 3% less natural gas in storage than the average, but because of mild temps during the winter, we used far less than is typical during the wintertime. Hence the low withdrawals.
Earlier this month, the U.S. Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) announced new proposed federal vehicle emissions standards that will force Americans to give up driving gasoline and diesel-powered vehicles and instead switch to electric vehicles (see 
When we saw the headline “Environmental Bootleggers and Baptists Fleece Consumers,” we just couldn’t resist. An article in RealClearEnergy written by Gordon Tomb, a Senior Fellow with the Commonwealth Foundation, a Pennsylvania-based free-market think tank, compares an interesting time in our history with what is happening today. Once upon a time, Baptists advocated for a ban on alcohol sales Sundays. They were supported by…Bootleggers! Take about strange bedfellows! Today, the Baptists are environmentalists who insist we must dump fossil energy in order to save the planet (definite religious overtones in the environmental movement). And the Bootleggers are…