US Oil Groups Chastise Biden for Begging OPEC+ to Pump More Oil
The price of gasoline at the pump in the U.S. is up a full dollar over the past year. Even half-with-it politicians like Joe Biden knows high pump prices equal rebellion at the ballot box. Biden killed the Keystone XL pipeline on his first day in office. Then he blocked new drilling on federal lands. Biden’s disastrous picks to run Interior, Energy, EPA, and FERC are killing the fossil fuel industry here at home. Oil production is tanking. So how does old dementia Joe propose to “fix” high prices at the pump? How will he fix the mess he’s made? Biden goes begging, hat in hand, to the vicious tyrants that run OPEC+ (America’s enemies), begging them to pump more oil to drive down gas prices. What a pathetic dope. Not even the weak, genuflecting American Petroleum Institute (API) can stomach Biden’s OPEC+ begging.
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Chesapeake announced yesterday it will buy Haynesville driller Vine Energy for $2.2 billion–mostly by trading or issuing shares of stock (payment will be 92% in stock, 8% in cash). The Reuters rumors were right: interim CEO Mike Wichterich will either go big or go bust with his mission to expand Chesapeake. We hope it’s not the latter since Chesapeake still owns a huge amount of assets in the northeastern PA Marcellus. Is Chesapeake making the same mistake it made under the leadership of Doug Lawler when Lawler got a wandering eye and purchased WildHorse Resource Development Corp in the Eagle Ford Shale (see
Some disturbing news out of Pennsylvania. You may recall that PennEast Pipeline, a 120-mile, primarily 36-inch pipeline that will cost $1 billion to build and run from Dallas, Luzerne County, in northeastern Pennsylvania, and terminate at Transco’s pipeline interconnection near Pennington, Mercer County, New Jersey, won a huge and important victory at the U.S. Supreme Court in June (see
Yet another lawsuit brought by one landowner against the 303-mile Mountain Valley Pipeline (MVP) asks the U.S. District Court for the Western District of Virginia to block blasting and construction for the pipeline on his property, alleging it could “explode the headwaters of Bottom Creek.” The same landowner has been suing to block MVP since at least early 2019 by our quick check of the court records. This appears to be just one more attempt to use sketchy information to block the completion of a project that’s already 92% done and in the ground.
Yet another fine for Energy Transfer (ET), assessed by the Pennsylvania Dept. of Environmental Protection (DEP). This time the DEP has fined ET $140,000 for violations that occurred in 2019 and 2020 during the construction of ET’s B15 Well Connect Pipeline construction project located in Beaver County, PA. According to the consent order and agreement (COA), “sections of the pipeline project were not temporarily stabilized, areas of the site showed accelerated erosion and sedimentation, waterbars were not installed properly or not installed in the approved locations, and erosion and sedimentation best management practices (BMP) were inoperable or ineffective.”
The so-called Pennsylvania Environmental Defense Foundation (PEDF) lost a big court case in Pennsylvania’s Commonwealth Court last Friday, but you won’t have heard about it because no one in mainstream media is talking about it or reporting on it. We couldn’t even find a whisper about the defeat from PA Environmental Digest or StateImpact Pennsylvania. Huh. One would almost think there’s some sort of collusion going on. A wall of censorship and silence. Don’t worry, we’ll tell you about it…
You have to say one thing about environmentalist wacko zealots–they never give up. Ever. We’re talking about the Big Green money behind Appalachian Mountain Advocates, Southern Environmental Law Center, and the Natural Resources Defense Council (among 19 groups in total) which have filed a “request” (i.e. demand) with the Federal Energy Regulatory Commission (FERC) to expand an environmental review for Equitrans Midstream’s 303-mile Mountain Valley Pipeline (MVP) project.
A new bill just introduced in the Pennsylvania House by State Rep. Eric Davanzo (Republican from Westmoreland County), House Bill (HB) 1763, clears up the confusion and bastardization of the term “royalty,” making it easy for everyone to know what can and cannot be deducted from royalties with respect to oil and gas leases. Davanzo got 23 of his fellow House members to co-sponsor the bill. It is a refreshingly simple bill that does not change any existing contracts. It defines the point to establish the value of gas (or oil) as that point when it is sold to an unrelated third-party purchaser. Simple!




MDN previously told you about so-called environmentalists filing a lawsuit to block the construction of an LNG unloading facility in Greenpoint, Brooklyn (see