Western Democracies Committing Suicide by Abandoning Fossil Fuels
The ongoing, persistent meme that fossil fuels are evil and causing the destruction of the earth and threaten all life on earth is so pervasive in mainstream media that it has become a religion, an article of faith. If you dare challenge the meme by using science or rational thought, you are immediately branded a heretic, a kook, a “denier”–someone to be avoided at all costs. But what if the meme is wrong? What is fossil fuels are not the great evil they are portrayed as?
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The New York City law firm that found one Cabot Oil & Gas investor to become the lead plaintiff in what they hoped would become a class action lawsuit against Cabot for securities fraud has dropped the lawsuit. Apparently the law firm couldn’t find enough other investors to sign on.
After a couple of weeks of double-digit gains in the Enverus national rig count, last week the count slipped backward by 3 (for the week ending Oct. 7). The Marcellus lost two rigs last week. The Haynesville, a gassy shale play in Lousiana and competitor to the Marcellus/Utica, picked up 2 rigs.
Big Green groups in Pennsylvania, funded by shadowy billionaires and in some cases, foreign money (see 
In September, the new owner of Magnolia LNG, investment firm Glenfarne Group, along with Kinder Morgan (which plans to build a pipeline to the Magnolia facility), asked the Federal Energy Regulatory Commission (FERC) to extend the time to build the project (see 
Here’s a new one for us: The Leach XPress pipeline project has a teeny tiny presence in the southwestern corner of Pennsylvania. We did not know that! Just 1.74 miles of the pipeline runs through PA, but that small section has earned the builder, Columbia Gas, a big fine.
Based on the suspect testimony of a “whistleblower,” the radical Clean Air Council (CAC) has filed a notice of its intent to sue Sunoco Pipeline claiming the company prevented professional geologists working on the project from properly inspecting and investigating environmental conditions, including subsidence, near the pipelines. Yet another sham lawsuit by a sham organization.
It might help anti-fossil fuel radicals if they at least got a few of their facts right. Facts are typically missing from their hysterical proclamations. Case in point: An anti addressed the Ransom Township board earlier this week (Scranton, PA suburb) to try and convince the board to pass a resolution against trucks hauling LNG from traveling through the community on the way to Interstate 81. Her wild claims were false.
Caterpillar is expanding in the oil and gas business. Weir Group is selling its entire oil and gas division to Caterpillar for $405 million. Weir, which manufactures equipment used in fracking, has two offices in Pennsylvania and three in West Virginia to service the Marcellus/Utica.
The results of a new study conducted by Penn State researchers surprised them. The study looked at who and how much influence happens with state regulations adopted for fracking. The operating assumption, based on an incessantly biased media, is that states are in the dark and beholden to the oil and gas industry. That “frackers” ride roughshod over state regulators. The researchers found that’s simply not the case.
As the Mariner East 2 pipeline project nears completion, radicalized environmentalists who have failed to stop the project are getting desperate. And funny. They always “demand” things–have you ever noticed that about them? An arrogant lot who think they know better than you how to run your life.
Environmentalist wackos are the same the world over. They like to “demand” things of other people. We brought you news today of environuts in Pennsylvania demanding the state DEP shut down all drilling for the Mariner East 2 pipeline project based on a few drilling mud spills (see Environuts “Demand” PA DEP Revoke Remaining ME2 Permits). A different group of nuts, in Massachusetts, is demanding to see the emergency plans for a compressor station in Weymouth about to go online. You will comply, resistance is futile…
Exploration and production (E&P) companies, what we usually call drillers here on MDN, need capital (money), like any other big company. Cash is the oil in the engine that keeps any company operating (pun intended). E&Ps get money to keep operating from various sources, including banks and investment firms. According to an article appearing in Hart Energy’s Oil and Gas Investor magazine, E&Ps are currently “the most hated sector on Wall Street.” Ouch. The money has dried up. What will E&Ps do?
MDN is proud to partner with NGVAmerica (natural gas vehicles) to promote this year’s 
A group of anti-fossil nutters who devoted themselves to blocking Marcellus/Utica drilling around the Ambridge Reservoir have turned their attention to the Shell ethane cracker plant in Beaver County. They wanted to stop the cracker from getting built, but given the plant is now 70% built and it’s a 100% guarantee it will get done and go online, the nutters have turned their attention to aggressive monitoring of the plant and the pollution, they say, that will come from it.