Philly’s Carbon Emissions are Dropping Thx to Marcellus Shale Gas
Last week Philadelphia released a so-called “Greenhouse Gas Inventory” report (full copy below) comparing emissions from 2019, the most recent pre-pandemic data, to a baseline in 2006. The report shows citywide emissions have dropped 20% since 2006. In reporting done by the lefties at PBS about this news, you have to read down to the fifth paragraph before you locate the reason for the 20% drop in Philly’s emissions: using Marcellus Shale gas to generate electricity.
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In March Joe Biden announced a deal with Europe to deliver more LNG to the Continent, starting this year (see 
Yesterday EQT Corporation released its first quarter 2022 update and held a conference call with analysts. The big news came from CEO Toby Rice, who said in his opening remarks, “We are currently in discussions with LNG end-users across various geographies and are contemplating equity investment opportunities in LNG export facilities.” Later in the call, in response to a question, Rice added, “Our ultimate prize that we’re looking for here at EQT is to get exposure to international markets…One of the ways that we get more flexibility towards accessing those contracts is to take an investment in the LNG facility itself.”
Antero Resources, one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia) issued its first quarter 2022 update yesterday. We’ve often marveled at Antero’s ability to make money on its natural gas and NGLs with hedging–preselling gas and NGLs at prices that beat whatever the current market price is at the time (see 
Three cheers for Big Coal! We’re not all that thrilled with using coal in power plants given there is a much more environmentally-friendly option–natural gas. But we’re certainly not against coal energy and we’re all for free enterprise and competition among fuel sources. The coal industry in Pennsylvania has our respect and admiration for standing up for itself and suing the state to block the insane Regional Greenhouse Gas Initiative (RGGI) carbon tax. PA Gov. Tom Wolf is forcing his state to join RGGI, which will assess huge new taxes on both coal and gas-fired power plants, threatening to drive both out of business.
Pennsylvania, Ohio, and West Virginia are all scrambling to form intrastate working groups and alliances in an attempt to be THE state chosen for one of four regional hydrogen hubs funded by the recently passed so-called Biden infrastructure bill (see 
Because of constant court challenges against pipelines, the Trump administration completed a redo of the U.S. Army Corps of Engineers Nationwide Permit 12 (NWP12), a general permit used in constructing pipelines, just prior to leaving office. From the beginning of the Biden administration, anti-fossil fuel fanatics have attacked NWP12, hoping they can cancel it or otherwise make it so onerous nobody will use it. In March the Army Corps caved to the pressure and announced it will review (i.e. change) NWP12 (see 
In an act of intentional suicide, a misguided anti-fossil fueler from Colorado sat down in front of the U.S. Supreme Court at 6:30 pm on so-called Earth Day (Apr 22) and set himself on fire, killing himself. Mainstream media like the (Dis)Associated Press are attempting to pass it off as some sort of Buddhist ritual of “self-immolation”–something noble, even laudable, instead of what it was–the act of a disturbed mind, someone driven crazy by brainwashing from the radical environmental movement.
Nicor Gas, a local distribution company (LDC), otherwise known as a natural gas utility company, is headquartered in Naperville, Illinois–a suburb of Chicago. Nicor Gas is the largest natural gas distribution company in Illinois, serving more than two million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. Two days ago Nicor announced it had signed a deal with ENGIE Energy Marketing NA to buy “responsibly sourced” natural gas for its customers.
In 2018, CNX Resources announced it had signed a long-term contract with Evolution Well Services to use Evolution’s 100% natural gas-fueled electric pressure pumping equipment (see 
Yesterday MDN highlighted a newly published Cleveland State University study commissioned (and paid for) by the nonprofit JobsOhio (see 
At the end of the day, Joe Manchin, U.S. Senator from West Virginia, is still a Democrat and beholden to his party’s radical leftwing. We had hoped he was a different kind of Democrat, but alas, perhaps not. Bloomberg (often a fake news source) is reporting that Manchin is reaching out to Republicans in the Senate to gauge interest in spending a half-trillion dollars ($550 billion to be exact) on “climate and energy spending”–resurrected pieces of what had been Biden’s failed Build Back Better Act. The aim is to salvage something of Joe Biden’s tattered reputation ahead of the 2022 elections in November, so Dems are not completely obliterated (as we hope they are and deserve to be) this fall. No thanks, Sen. Manchin. We’re not interested in tacking on another 4-5% to the inflation numbers that are already at historic highs, which is exactly what such a bill would do.
Three Democrat Federal Energy Regulatory Commission (FERC) commissioners voted to adopt and immediately begin using new guidelines for approving pipeline projects by taking into account mythical global warming factors back in February (see 
The world can’t get enough LNG (liquefied natural gas), specifically American LNG. The U.S. has seven active LNG export terminals, another 18 FERC-approved export terminal projects (four under construction), and six or more proposed but not yet approved projects. The world needs our natural gas/LNG, we have the ability to provide it, let’s build! Chop chop!! But wait a minute–it’s not that easy (nothing ever is). There are two big reasons why more LNG export facilities are not proceeding to final investment decisions (FIDs) and beginning to build, even with the world begging for our LNG.