Global LNG Prices Now the Dog, U.S. NatGas Prices the Wagged Tail?
Traditionally the United States has largely been insulated from conditions (and prices) in other parts of the world that affects prices in our own domestic natural gas markets. At least that’s been the case since the miracle of fracking took off and changed energy dynamics roughly 15 years ago. Once upon a time the U.S. had to import natural gas to meet all of our needs. Then shale happened, and now we export our gas to other countries (we have so much of it!). However, once again the U.S. appears to increasingly be part of a global dynamic whereby events in other parts of the world DO affect our natural gas prices. At least, that’s the view we’re beginning to read. LNG is fingered as the reason for it.
Read More “Global LNG Prices Now the Dog, U.S. NatGas Prices the Wagged Tail?”
We didn’t see this one coming! Must be the intense pressure from U.S. Sen. Joe Manchin on the Federal Energy Regulatory Commission (FERC) had the intended effect (see 
Last Tuesday, Pennsylvania’s Commonwealth Court ruled that Gov. Tom Wolf’s obscene carbon tax, called the Regional Greenhouse Gas Initiative (RGGI), will not go into effect until “pending further order of the court” (see 
The main reason Pennsylvania Gov. Tom Wolf wants to force his state (against the will of a majority of residents) to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax, is that it will supposedly cut down the state’s emissions of carbon dioxide (CO2), which is supposedly causing Mom Earth to toast (see 
Anti-fossil fuel zealots who irrationally hate all fossil energy, including natural gas, are beside themselves that three new electric power plants are planned for New Jersey. Two would use natural gas as their fuel source, while the third plant plans to use renewables of some kind. Yet antis are freaking out. Two of the planned plants would be for emergency/backup use only and will sit idle 99% of the time. Doesn’t matter: freak out. The remaining plant would produce 630 megawatts of electricity using Marcellus natgas, a relatively small plant (sitting next to an existing plant). Doesn’t matter: freak out. The solution proposed by the naysayers? Just go without electricity. Sit in the dark. Freeze in the winter and boil in the summer.
Europe wants to buy more American natural gas in response to the Russian invasion of Ukraine. What does it mean for Pennsylvania? The Philadelphia Inquirer tackled that question in an article on Saturday. The answer to the question of what Europe’s desire for more U.S. natgas means for PA (and by extension West Virginia and Ohio) is, “not much.” Why? Because we don’t have enough pipelines built to carry our molecules to the Gulf Coast which is where most of the LNG export plants are either already pumping out LNG, or in the process of getting built to do so. Lack of pipelines constrains our gas and holds our region back. Lack of pipelines is a big problem for both the M-U and (now) for Europe.
Pennsylvania, Ohio, and West Virginia are all scrambling to form intrastate working groups or other 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 
Every now and again we find it helpful to raise our heads, take a step back, and look at the big energy picture. We in the Marcellus/Utica don’t live in a bubble, although sometimes it seems that way. What happens in other countries does, to some extent, have the ability to influence what happens in energy markets here in the northeast. The question is how much of an influence do world energy markets have on us? We spotted an article appearing in Abu Dhabi that got us thinking. We found the ideas in the article interesting. The thesis is that the world is currently in the beginning of a worldwide global natural gas crisis–and that the crisis is going to get “much worse” before it gets better. If that’s true, it has implications for us here in the M-U.
The Barack Hussein Obama administration went crazy with over-regulation in many areas. One of them was to redefine “waters of the United States” (or WOTUS) as everything down to, no exaggeration, mud puddles (see