Bernie Sanders vs. Joe Biden on Fracking and Fossil Fuels
We make no apologies for being big Donald Trump supporters here at MDN. Trump is the only presidential candidate committed to fossil fuel energy. All of the Democrat candidates, including the last two left standing–crazy Bernie Sanders and sleepy/creepy Joe Biden–are committed to ending the use of fossil fuels. We spotted an article in the New York Times (fake news alert!) that compares the positions of Sanders and Biden with respect to global warming and the environment. There is a difference, but not much of one. Both Democrats want to end the use of fossil fuels. The only difference is in how quickly.
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We’ve commented from time to time on municipalities (cities) that stupidly ban new home and business construction from installing and connecting to natural gas supplies. Berkeley, California comes to mind since they were the first to do so. The trend is catching on in cities where leftist radicals infest city councils. In a bid to shut this madness down before it spreads (it’s the intellectual equivalent of the coronavirus), the state of Arizona, which shares a border with California wackos, last month passed a new law that puts a ban on municipal gas bans. Good for Arizona! Now five more states–Missouri, Minnesota, Oklahoma, Tennessee and Mississippi–are looking to ban gas bans too.
NETL (National Energy Technology Laboratory), one of our country’s treasured national lab facilities, recently released a report and case study that shows if we as a country want reliability in our electric grid (no blackouts), we need to build more natural gas pipelines to feed natgas-fired power plants. “As the electric power system relies more heavily on natural gas power generation, the reliability and resiliency of the Nation’s electrical system will become increasingly linked to the performance and capabilities of the natural gas delivery system.” How much more in the way of new pipelines are needed? “Conservatively, an investment of $470 million to $1.1 billion over that already entrained in the long-haul natural gas transmission system is identified to avoid even worse outcomes.” Start the backhoes!
Is history repeating itself? Ohio House Bill 55 would require certain pieces of information to be included on royalty statements landowners receive from Ohio drillers. Ohio State Rep. Jack Cera (Democrat from Bellaire) introduced HB 55 last year–for the third time since 2011. Like the two previous times, the bill is now mired in committee and doesn’t appear to be making any headway toward a vote. Let’s look at what information landowners receive now under existing law, and what details they would receive under this bill if passed.
In 2015 Kelsy Warren and his Energy Transfer Equity (now just Energy Transfer) company pursued Williams, wanting to merge Williams into its own operation. Williams initially fought ET tooth and nail, but in the end, cut a deal (see 
A kerfuffle between Gulfport Energy and Tug Hill Operating has been settled by a Texas judge. Gulfport and Tug Hill cut a deal in November 2018 for Tug Hill to purchase certain Marcellus shale assets in Ohio from Gulfport for $26 million. According to Gulfport, Tug Hill never sealed the deal and should be forced to complete it now. Tug Hill said Gulfport didn’t come through with necessary releases from third parties related to the deal, and therefore the deal is null and void. The judge agreed with Tug Hill.
Water is the lifeblood of shale drilling. Water must get to the pad for use in drilling and fracking. But then, after the drilling is done and the well is connected, produced water continues to flow from the borehole for years to come. All that water must be managed. In the early days of Marcellus/Utica drilling every spare gallon of produced water got recycled for reuse drilling the next well. With a slowdown in new M-U drilling, produced water is piling up. What can be done to manage it? The 
IHS Markit employs more than 5,000 analysts, data scientists, financial experts and industry specialists. Their global information expertise spans numerous industries, including finance, energy, and transportation. Yesterday IHS Markit issued a bulletin to say its analysts expect when the tabulating is all done that world oil demand, due to fear over the COVID-19 coronavirus, fell by some 3.8 million barrels per day over the same quarter from 2019. That would be a new all-time, world record quarterly drop in oil demand. The previous record happened during the worldwide recession of 2009 when demand dropped 3.6 million bpd. Should we be worried that we are about to experience another worldwide recession?
Some 30 radical environmental groups (including ringleader Penn Future) is fearful their campaign to stop House Bill (HB) 1100 is failing. HB 1100 is aimed at attracting new petrochemical investments to the state. How do we know Big Green is fearful? Because the groups are attempting to gin up opposition to the bill by staging a faux protest rally on March 9 at the Capitol in Harrisburg.
Are you interested in a great career in the pipeline industry in the northeastern part of the country? We may be able to help. The Appalachian Pipeliners Associations (APA), with a mission to help grow and support the pipeline industry in the northeastern U.S., is offering up to $50,000 worth of scholarships for use during the 2020/2021 academic school year to students pursuing Associates, Bachelors and Graduate degrees, as well as students pursuing Vocational or Trade School degrees/certifications. That’s right! Let the APA help fund your education so you have a great job when you graduate! But there is a catch…applications must be filed by March 6th (this Friday).
The American Petroleum Institute recently released the results of a study they commissioned that outlines the “dire consequences” of a ban on hydraulic fracturing–the kind of ban being pushed by Bernie Sanders, Elizabeth Warren, and Joe Biden. Here’s how dire it gets: If a frack ban is slapped into place by a Democrat President, by 2022 it will result in 7.5 million lost jobs, and by 2030 a total loss out of the economy of $7.5 TRILLION! You might as well say we will enter a new economic depression, the likes of which we haven’t experienced since the 1930s.
Last week MDN brought you the news that Chevron will begin to trim 320 jobs in the Marcellus/Utica beginning in early April (see