Rice U Study: NatGas Used in Power Generation Lowers Global Warming
We thought maybe the International Journal of Global Warming was a comic book, er, a, “graphic novel” as they’re called these days. But no! It’s a real, literal academic journal, published to amuse those who believe in unicorns and other fairy tales. But let’s not depart from the subject at hand. A new study just published says using natural gas to power electric generating plants is a good thing for global warming (pay attention Tony Ingraffea and Robert Howarth). Researchers from Duke University say using natgas leads to less global warming, not more–as long as that old villain fugitive methane doesn’t escape into the atmosphere when drillers extract natgas from the ground. What about using natgas to power trains, plains and automobiles? Nah, not so much of a benefit for Mom Earth, according to the authors…
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Yesterday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR). The March 2016 report shows what the EIA predicts oil and natural gas production will be in April from the seven largest commercial shale plays in the U.S. What does the report (full copy below) show? Yes, natural gas production is down again, including the Marcellus. But in a rare move, the EIA had to revise its Marcellus production data because the play is producing more than the smart folks at EIA figured…
MDN recently published Volume 3 of the
The Pennsylvania Public Utility Commission (PUC) is the organization charged with assessing and collecting the state’s impact fee on Marcellus drillers–PA’s equivalent of a severance tax. But that doesn’t stop the the extremely partisan, Democrat-controlled, so-called “Independent” Fiscal Office, or IFO from trying to steal the PUC’s thunder when it comes to announcing revenue from the impact fee. Each year the Dems at the IFO release their estimates for how much revenue will be collected for the impact fee months ahead of the PUC. The IFO doesn’t disappoint this year. Yesterday the IFO released their estimates for the fees to be collected from 2015 drilling (full report below), and the IFO estimates revenues will go down by $38 million over 2014 revenue–to $185.5 million. That’s a 17% decrease, even though the number of wells drilled in 2015 versus 2014 went down 43%. And that’s IF the IFO’s numbers are accurate, which is questionable given their extreme bias…