Biden Budget Bill Will Jack NatGas Prices 12-34% for Everyone
How much more of Joe Biden’s completely failed policies are you willing to tolerate? His so-called “Build Back Better” budget bill, which will cost Americans (YOU) $1.75 trillion (no, it’s NOT paid for by “someone else”), retains a new tax on methane that will jack up the rates everyone pays for natural gas by an estimated 12-34%. The price of gasoline is up 53% year over year for October ($3.291 in Oct 2021 vs. $2.158 in Oct 2020). Similarly, the price of #2 heating oil is up 59% year over year for October ($3.397 in Oct 2021 vs. $2.142 in Oct 2020). The price of natural gas has also jumped–even more!
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The so-called Pennsylvania Environmental Defense Foundation (PEDF) lost a big court case in Pennsylvania’s Commonwealth Court in August (see 
You know it’s the end of the world when (in this case) the far-left editors of the Pittsburgh Post-Gazette, who universally hate shale drilling, support shale drilling under public parks in Allegheny County (Greater Pittsburgh). Last week MDN told you that anti-drilling zealots in Allegheny County were making yet another play, as they did eight years ago, to get County Council to pass a permanent ban on fracking under (not on) county parks (see 
Over the past two years, MDN has told you about a tiny 2.1-mile looping pipeline segment proposed by Kinder Morgan’s Tennessee Gas Pipeline (TGP), to be buried next to the existing TGP, to connect regions around Springfield, Massachusetts to receive more natural gas supplies. Springfield neighborhoods like Holyoke have an ongoing moratorium on hooking up new natgas customers unless/until more supply is provided (see 
Epsilon Energy concentrates most of its effort on the Marcellus in Susquehanna County, PA. Epsilon doesn’t typically do its own drilling. The company joint venture partners with (gives money to) other companies, like Chesapeake Energy, and the other company typically does the drilling. Epsilon issued its third quarter update on Wednesday. The company’s Marcellus net gas production was 2.6 Bcf (billion cubic feet) in total for 3Q21, compared to 3.0 Bcf of net gas production in 3Q20 (a 13% decrease). However, revenues were $13.1 million in 3Q21, compared to $5.8 million in 3Q20 (more than doubled). In addition to the 3Q numbers, we have an update on Epsilon’s lawsuit against its partner Chesapeake Energy.
We are stupified watching how the biased, leftwing mainstream media is treating utility company Spire (located in St. Louis) over the company’s recent statements warning natural gas customers their gas may run out if the Federal Energy Regulatory Commission (FERC) does not act to extend an emergency certificate authorizing the operation of a pipeline that’s been up and running for the past two years–Spire STL. Yesterday we told you about vicious attacks against Spire for simply speaking the truth (see 
Ohio’s House Bill (HB) 6 law granted billions (plural) of dollars to FirstEnergy in an attempt to prop up the company’s economically failing nuclear power plants. FirstEnergy bribed state legislators to pass, and keep passed, HB 6 by paying out $61 million to a small group of insiders, including the now-former Speaker of the House (see 
A coalition of upstream (drilling), midstream (pipeline), and downstream (utility) companies formed an industry group called ONE Future back in 2014. The aim of the group is to lower methane emissions across all aspects of the natural gas infrastructure system nationwide and to emit (lose into the atmosphere) no more than 1% by 2025. A number of Marcellus/Utica companies have joined (
In September MDN brought you a fantastic column by Paul Driessen, a senior policy advisor for CFACT (Committee For A Constructive Tomorrow, a Washington, D.C. think tank), taking aim at so-called ESG, or environment, social, and governance programs, that are all the rage these days (see 
Has it really come to this? If a utility company that’s being attacked by anti-drilling zealots (Environmental Defense Fund) with help from a colluding federal court (U.S. Court of Appeals for the D.C. Circuit) dares to warn its customers they may experience an outage this winter because of the government closing down a critical natural gas pipeline, the utility company is put on the hot seat and made out to be the villain! Blame the victim!! Free speech is now under attack everywhere.
Last week the federal Environmental Protection Agency (EPA) launched what we consider a full-on attack against the oil and gas industry when it unveiled new methane regulations (see 
If you have even the most basic education in economics (Econ 101) you will have come across the concept of commodities–things like gold, silver, corn, soybeans, oil, and (yes) natural gas. A commodity is something that no matter who produces it, the product itself is the same. A molecule of methane (CH4) is a molecule of methane, no matter who or how it gets produced. Consequently, the only factors that drive price for a commodity are availability and whoever has the lowest cost. Efforts to pretty up a commodity like natgas by claiming it is “responsibly sourced gas” (RSG), or it comes from the butt holes of cows and pigs and chickens (RNG), or is carbon-neutral LNG, are efforts to (in our opinion) snooker people into paying more for what is a garden-variety commodity. Are there people/companies willing to pay more if natgas is produced in a certain way or from a certain source?
The current futures contract for NYMEX natural gas priced at the Henry Hub trading location, called the “front month” (of December), was down for the third trading day in a row yesterday. The December contract fell 45 cents (8.26%) to $4.98 per MMBtu–the first time it has slipped under $5 since October 21. Where might the price be heading next?
In August 2020 when Range Resources, the very first company to sink a Marcellus well back in 2004, issued its annual Corporate Sustainability Report (CSR), the company laid out a goal of achieving so-called net-zero carbon emissions by 2025 (see