PA Gas-Fired Electric Going from 30% to 45% of Capacity Next 3 Yrs
Believe it or not, dry and sterile reports from government agencies, like the “Electric Power Outlook for Pennsylvania” issued by the state Public Utility Commission, can be exciting! The latest edition of the EPO report predicts natural gas-fired electric generation in PA will go from a current 30% of all electricity produced in the state today, to 45% of all electricity produced in just three years–by 2023. That represents an enormous opportunity for drillers (and landowners) to sell locally produced gas to new, local customers.
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MDN is not a blog/news site about the myth of man-made global warming, but we do address the topic from time to time because the false belief of man-caused warming is at the root of opposition to fossil fuels and shale energy. We’re accused of being Luddites. Not with the times. Out of touch. Climate deniers. We say we’re simply seeing the issue clearly. A recent article brings into focus for everyone how the masses have been lied to by media and leftist scientists. There is no global warming happening–at least not because of mankind–since 2005. We have incontrovertible proof…
Researchers from Pennsylvania State University, using a new testing protocol that uses existing, affordable water chemistry tests, have tested 20,751 water well samples from wells located near high levels of both conventional and shale oil and gas drilling in PA. The tests show whether or not existing/naturally occurring methane is in the water well, or whether methane from nearby drilling is present in the water. Know what they found? Out of 20,751 samples, they found 17 wells (0.08%, less than one-tenth of a single percent) showed “possible signs of methane contamination.” Statistically speaking, it’s zero.
Everyone knows that shale drilling is a house of cards, right? Just look at shale gas drillers in the northeast. Company stock prices down 90% over the past 5-10 years. Yuck. And don’t even get us started talking about shale oil companies (filthy monsters). Their balance sheets and share prices are even *worse* than shale gas drilling companies! They NEVER make any money. EVER! Shale oil companies just keep getting new investors to invest so they can pay off old investors, like a Bernie Madoff Ponzi scheme. Except–what if the media narrative pounded into your head day in and day out isn’t true? What if shale companies are actually (gasp) making money?
On those occasions when we engage in conversation with friends and family about what we do, and drop the little factoid that the U.S. (because of shale) is now the #1 producer of both natural gas (surpassing Russia) and oil (producing more oil than Saudi Arabia)–our friends and family look at us like we have two heads. Why does the general population not know this? Because mainstream (biased) media doesn’t want them to. Yet it’s the truth. We flew by Russia back in 2011 to produce the most natgas of any country on the planet, and we flew by the Saudis last year to produce the most oil. We also set another world record last year–the biggest one-year increase in energy production of any country on Mom Earth. Thanks to shale.
When the anti-fossil fuel Park Foundation pays your salary, your “research” had darned well better reflect an anti-fossil fuel result. Or else the money spigot quickly gets cut off. That’s what explains the latest “study” published (in Europe, not the U.S.) by Cornell University professor Robert Howarth–a study that claims shale drilling is pumping catastrophic amounts of methane into the atmosphere making Mom Earth toast.
We’re highlighting a second scientific study today, this one real. We told you about Cornell University’s Robert Howarth’s faux study that says methane escaping from shale wells is causing the planet to toast. This second study, from Princeton University, actually performed in-the-field experiments to measure methane escaping from Marcellus Shale wells in Pennsylvania. Real science. The study found some 77% of the methane that escapes into the atmosphere comes from 10% of the wells–and concludes if we can identify and fix the 10%, we’ll go a long way to solving the escaping methane issue.
Quick: Which company which recently had a board and upper management shakeup and focuses exclusively on Marcellus/Utica drilling is the #1 natural gas producer in the United States? That’s right, EQT. In a list of the top 40 natgas producers in the U.S. (full list below), it’s striking to note that eight of the top 10 are focused exclusively or primarily on the M-U.
Have you noticed the disconnect? While many in the press observe shale companies have lost an alarming amount of value–many over 90% of market capitalization in recent years–yet shale drillers are still in business and producing more oil and gas than ever. Record amounts, in fact. According to the EIA (U.S. Energy Information Administration, our favorite government agency), in the coming month of September, the U.S.’s seven major shale plays will produce a combined 81.6 billion cubic feet per day (Bcf/d) of natural gas, and 8.8 million barrels of oil per day. That’s a brand new record high for each.
Yet another cockamamie “study” (i.e. propaganda) about the negatives of fracking–this one done by the University of New Hampshire claiming a few hikers and outdoor enthusiasts in Pennsylvania will have to find someplace else to hike and enthuse…because of evil Marcellus fracking. The thing that really angers us is that Pennsylvania taxpayers paid for this “study”!
America’s natural gas and oil industry announced “a landmark partnership” in late 2017 called the Environmental Partnership, to “accelerate improvements to environmental performance in operations across the country” (see 
