Proposed VA Law Would Protect Frack Chemical Trade Secrets
We have to chuckle. It was just two months ago, in November 2016, that Virginia Gov. Terry McAuliffe approved changes to environmental regulations that requires “mandatory disclosure of fracking chemicals, baseline water testing and monitoring, and spill prevention and response planning” (see Virginia Adopts New Frack Chemical Regs – Fracking to Begin?). In other words, drillers would have to disclose all fracking chemicals. While leftie Big Green groups love the new rules, the drilling industry set about to ensure trade secrets (exact combinations of chemicals) can’t be discovered by using Freedom of Information Act laws. Two new bills have already been introduced in the Virginia legislature this year–House Bill (HB) 1678 HB 1679 (copies below)–that will ensure trade secrets are kept safe. Big Green groups like the Southern Environmental Law Center are having a cow, claiming death and destruction await if the bills are passed…
Read More “Proposed VA Law Would Protect Frack Chemical Trade Secrets”
For the past couple of years Gulfport Energy has made major investments in the local communities where it operates in Appalachia (see 
Regardless of what you think about so-called man-made global warming, you would think that scientists should be allowed to express their views on the topic without being hunted down and burned at the stake like a witch, reputationally speaking. Yet if a climate scientist dares to express misgivings about the actual data behind global warming, that is exactly what happens. Dr. Judith Curry, a highly respected climate scientist, recently resigned her tenured position at Georgia Tech–because of climate witch hunters. Dr. Curry started out as a man-made global warming true believer, but was shocked at the “Climategate” emails that show researchers with the Climatic Research Unit (CRU) at the University of East Anglia were intentionally making up the numbers in an effort to prove their theories. False data. Lies. Distortions. Dr. Curry investigated and questioned climate orthodoxy, and for that, she has been hounded out of Georgia Tech. What is wrong with this picture? When did science become politics? When did simply asking tough questions become the basis for destroying someone’s reputation?…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Surpise! Washington Post says Maryland should NOT ban fracking; AEP wants to upgrade electric line to help Utica industry; Shell closes on 2 remaining properties for cracker; the anti-pipeline, anti-enviros; global upstream outlook for 2017 is optimistic; from Russia with love, for American fractivists; drillers start hiring again; and more!
In December the Potter Township Board of Supervisors convened a public hearing on the proposed Shell ethane cracker plant–to be built in Potter Twp–that ended up going on for 10 hours (see 
In October 2014 the Pennsylvania Dept. of Environmental Protection (DEP) fined PA driller EQT $4.53 million for a leaky wastewater impoundment in Tioga County, PA (see 
Yesterday MDN ran an important story about 10 proposed (or already under construction) Utica Shale gas-powered electric plants planned for Ohio (see 
We always find it distressing when companies begin to tap dance to please corporate raiders. That is apparently what is now happening at Marathon Petroleum, owner of MarkWest Energy. We don’t pretend to fully understand what’s happening (this is all high finance stuff), but our impression is that Marathon is “dropping down” certain assets (i.e. moved from one legal corporate entity to another) more quickly than it otherwise would have, due to pressure on the company from Elliott Management, a so-called activist investor in the company. “Activist investor” is what used to be called “corporate raider” 25 years ago, which are companies or people who invest just enough in a company to control it, forcing the company to shed assets and fire people in order to boost the stock price–just to turn around and sell and make a quick buck. Apparently Elliott wants Marathon to a) move assets around from one company to another PDQ, and b) consider spinning out Speedway into its own company, or selling it. Speedway, you may or may not know, is Marathon’s retail gas filling station business. Speedway bought out and merged in the old Hess filling stations (see 
Maryland is a lot like New York–populated with lefty liberals who love to tell other people how to live their lives. Maryland went through a years-long process, just like New York, and eventually released what would likely be the strictest drilling regulations in the nation, in late 2014 (see 
Energy Transfer Equity (ETE), owner of more than 62,500 miles of natural gas and natural gas liquids pipelines, with many miles in the Marcellus/Utica, has just gone a cash-raising bender. ETE is, by the way, the owner of the planned Rover Pipeline–a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada. On Monday the company announced they have raised $580 million in cash by selling new 32 million new units (think shares of stock). In addition, yesterday the company said it had floated new notes (IOUs) worth nearly $1.5 billion. Wow! Add it together and the total is over $2 billion–a serious pile of cash. What are they doing with all that cash? Paying off old debt…
As is so often the case, when leftists/liberals claim they are doing one thing, it is, in fact, the opposite they are doing. Case in point: Obama’s Dept. of Energy (DOE) Secretary Ernest “hair” Moniz has released an 11th hour “scientific integrity” policy for the DOE that supposedly inoculates and protects “real” scientists who work for the agency from politics–allowing them to freely vomit their political, whoops, scientific views whenever and wherever they want, without fear of retribution or losing their job. What it does is to set up a situation where the incoming Trump Administration (specifically Rick Perry, the new DOE Secretary) are handcuffed to a bunch of leftists in the department–people who insist on the fairy tale of man-made global warming. If Perry wants to clean house, there will be weeping and wailing and gnashing of teeth, along with lawsuits that it violates agency policy. This is a typical sleazy move by the Obamadroids to dirty things up before they leave town–scorched earth policy. In case you think we’re engaging in hyperbole, the Union of (Liberal) Concerned Scientists are “thrilled” with the new policy. Need we say more?…
The U.S. Energy Information Administration (EIA) is fresh out with analysis of wholesale electricity prices in 2016 and finds electric prices were down for the year primarily because of the low price of natural gas–and the switching currently under way from coal to natgas. EIA says for the first 10 months of last year electric generating plants paid an average of $2.78/Mcf (thousand cubic feet) for natgas–down 17% from the same period in 2015. Because of the ongoing switching from coal to natgas, EIA says electricity generated from natgas power plants rose 6% in the first 10 months compared to the same period a year earlier. The truly astonishing factoid from EIA: “Natural gas was the primary source of U.S. electricity generation (when measured on an annual basis) in 2016 for the first time.” Here’s the full EIA analysis…
The