Why is U.S. NatGas Production Growth Slowing? Lack of Pipelines
Reuters has noticed that the rate of growth in the production of natural gas has slowed nationally, even though the price for natural gas is at a 14-year high and even though other countries, particularly Europe, are begging for our gas. Why? Lack of pipelines. We have the ability to produce far more natural gas than we do now, but Big Green (funded in part by foreign countries and bad actors) successfully defeats new pipeline projects with a barrage of lawsuits.
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A group of 16 delusional anti-Americans who serve in Congress, including Alexandria “Occasional-Cortex” Ocasio-Cortez and Adam “Shifty” Schiff, sent a letter to more than a dozen large insurance companies in an attempt to stop the companies from underwriting any new fossil energy projects. All in the name of mythical global warming.
Anything that aids or assists fossil energy in becoming “cleaner” and “better” for the environment is now a target of the irrational left in this country. It’s quite comical to behold. If there’s a new technology that makes fossil fuel emissions cleaner (healthier for the climate and humans), the left is against it. They demand their way–total renewables and NOTHING ELSE–or they viciously attack and oppose it–no matter how worthy and beneficial. We previously told you how the left is turning against hydrogen energy (see 
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.
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