FERC Predicts Boston NatGas Avg $18 This Winter, Foreign LNG Imports
This is an avoidable tragedy and very angering. Once again it looks as though Boston and the New England region will be hit with extremely high natural gas prices and will be forced to import LNG, most likely from Russia, to meet the region’s demand for natural gas. So says the Democrat-controlled Federal Energy Regulatory Commission (FERC). Meanwhile, the Marcellus Shale in Pennsylvania sits a couple of hundred miles away with more than enough gas to meet New England’s natgas demand, but we can’t get the gas there because pipelines have been blocked (by the Democrats who control New York and New England) and because rail shipments of LNG are blocked by executive orders from Joe Biden. We can’t even ship it there via LNG tankers because of the idiotic Jones Act.
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Three weeks ago MDN told you that propane prices at both the wholesale and retail level were going through the roof (see 
Even though Pennsylvania Gov. Tom Wolf is already one of the most liberal governors in the country who delights in screwing with the Marcellus Shale industry in his state, some truly rabid leftists don’t think he’s doing enough to ruin the shale industry. A rogues gallery of the worst of the worst–including the PA Clean Air Council, Earthworks, Clean Water Action, and the Environmental Defense Fund–launched a website this week specifically aimed at pressuring Gov. Wolf to adopt methane rules so severe it completely strangles the Marcellus Shale industry into stopping.
Earlier this week the Potential Gas Committee (PGC) released the results of its latest biennial assessment of the nation’s natural gas resources. The report shows the U.S. possesses a total mean “technically recoverable resource base” of 3,368 trillion cubic feet (Tcf) as of year-end 2020. That number is 6 Tcf (or 0.2%) less than the amount of gas assessed in the previous period (from year-end 2018). The slight decrease breaks a trend of seven consecutive record-high resource evaluations. However, the report also shows we have more than enough gas to provide not only our own country’s needs, but also the gas needs for much of the world too.
Terry Etam, an energy writer with over two decades in the business, has a short but brilliant take on what’s causing the mayhem currently happening in the energy world. Writing on the Watts Up With That? blog site (the world’s most viewed site on global warming and climate change), Etam makes the case that within a few months, the “divest fossil fuels” campaign is going to look like the dumbest movement in history…
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The Democrat mainstream media was striking out by using the trite phrase of “blast zone” to try and scare people who happen to live near the path of a simple, safe natural gas pipeline, like that proposed in Hanover County, Virginia. As the lefty libs so often do, they’ve changed their language in an effort to change how people perceive such a project. It’s no longer a blast zone, now (drum roll please)…it’s an INCINERATION zone! Yeah baby! You’ll be fried to a crisp if you live near a pipeline and that pipeline experiences a leak and explodes. So pathetic.
As Joe Biden and his inept White House cast about for someone or something to blame for his policies that are causing a spike in energy prices here in the U.S., one of the potential targets is LNG exports. Some lefties in Washington are making noises that if we limit or even cancel LNG exports, that would bring down natural gas prices here at home. According to the Executive Director of the Center for LNG (CLNG), that’s just not true.
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