Another Peak Shale Oil Prediction – by Respected Investment Advisor
If we had a nickel for every peak oil prediction we’ve reported on over the years, we’d be rich! Every few months, somebody comes along to say that either oil production or oil demand is heading for a decline…real soon now, any day, it’s inevitable. And they list their reasons why we’re hitting peak and about to go into a decline. And every darned time, they’re wrong. We have another such prediction, but this one is a bit different. It comes from an investment advisor writing to other investors on the Seeking Alpha website, an investment advisor whose work we have shared with you in the past. It’s a column from someone whose opinion we respect. Read More “Another Peak Shale Oil Prediction – by Respected Investment Advisor”
We happened to come across two articles casting doubt on so-called “green” hydrogen, both from far-left media outlets (Bloomberg and POLITICO). Which kind of surprised us. The left believes hydrogen is the savior that will move the world to net zero carbon emissions and finally drive a stake in the heart of fossil energy. But there’s a problem with hydrogen for the left. Today, 95% of all hydrogen is produced by using natural gas as the feedstock. The brainiacs on the left believe passing an electric current (from electricity provided by solar and wind) through water to create hydrogen at scale (called “green” hydrogen) is the solution to replace natgas as a feedstock (called gray or blue hydrogen, depending on whether or not CO2 is captured). However, according to a new Harvard University study, producing green hydrogen isn’t economically feasible (and won’t be for decades) due to transportation and storage costs, two items overlooked in most green hydrogen scenarios. 
Once a month, the U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. What did the October 2024 STEO, issued yesterday, show? EIA’s analysts believe U.S. natural gas production will decline in 2024 while demand will rise to a record high this year. EIA predicts the average spot price for natural gas for all of 2024 will end up being $2.30/MMBtu, up $0.10 from its prediction last month. The agency said the average for 2025 will be $3.10/MMBtu, which is the same prediction as last month. 
Hardly a day goes by that we don’t cover at least one story about a gas-fired power plant that will get fed with Marcellus/Utica molecules (
In July 2023, Kimmeridge Energy, a private investment firm focused on the energy sector, published a white paper entitled, “I Still Haven’t Found What I’m Looking For” (see 
Four weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see 
Two days ago, MDN told you about a Congressional investigation looking into the Department of Energy’s use of a prematurely released “study” as an excuse to “pause” (i.e., ban) new LNG export approvals (see 
Pennsylvania General Energy (PGE) wants to install a tiny 3.7-mile gathering pipeline in Lycoming County, PA, to connect several PGE wells to the Transco pipeline system, along with two 8-inch water pipelines of about the same length (see 
Three weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see 
In a statement issued last week, the North American Electric Reliability Corporation (NERC) said it “remains concerned about maintaining sufficient natural gas supplies to address extreme winter conditions” for this upcoming winter heating season. In a “Statement on Criticality of Natural Gas this Winter” (full copy below), NERC noted that next month marks the one-year anniversary of the FERC/NERC/Regional Entity staff report on Winter Storm Elliott—a wide-area extreme cold event that affected states in the Eastern Interconnection from Georgia to Maine and from Nebraska to Pennsylvania. The primary cause of that almost-outage was, says NERC and the report, reduced production (freezeoffs) at Marcellus/Utica wells.