LNG Importer Publishes Sham Report Slamming New England Pipelines
For more than a year the owner of an LNG import terminal located off the coast of Massachusetts, GDF Suez, has been lobbying hard against any new pipelines that would bring abundant, cheap and clean-burning Marcellus Shale gas to New England (see Guess Why GDF Suez Doesn’t Want Marcellus Pipeline to New England). Why is GDF Suez opposed? Because their business, importing natural gas from other countries, is threatened. Something called self-interest. So GDF trots around attempting to make the case natural gas isn’t really needed in New England–not beyond what GDF Suez can provide anyway. The latest salvo in a disgusting display of self-interest is a so-called report bought and paid for by GDF that supposedly makes the case that proposed pipelines are too expensive because some of the cost will be passed on to electric rate payers who will experience greatly reduced electric rates once the pipelines are flowing gas to New England. GDF used what appears to be its own in-house analysts from a company called Energyzt to write a biased report that is being reported by mainstream media as some sort of independent report–which it definitely is not…
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Antero Resources announced yesterday it is stepping up its recycling efforts in the Marcellus/Utica by hiring Veolia Water Technologies Inc. to build a new shale wastewater recycling facility in Doddridge County, West Virginia. The new facility, which will take two years to build and cost Antero $275 million, will process 60,000 barrels of wastewater per day. Is Antero building the new facility to prove what good “green” citizens they are? Nope. They’re building it for the best of reasons: capitalism. Once the new wastewater treatment plant is up and running, Antero will save $150,000 per well on completions costs. Veolia will not only build the facility but also operate it under a 10-year contract…
The U.S. Court of Appeals for the Second Circuit, located in New York State, released a decision yesterday in a case known as Beardslee v. Inflection Energy, LLC (copy of the decision is embedded below) that may create problems for future shale drilling in New York State–should the existing statewide ban ever be lifted. Yesterday’s decision is good news for landowners in one sense–it officially upholds the right of Tioga County, NY landowners party to the lawsuit to be released from old leases made in pre-Marcellus days when landowners signed leases for $3 per acre. Those leases were signed before the words “Marcellus” or “Utica” meant anything other than municipalities in New York State. (Interesting factoid: both shale plays are named after the NY towns where they were first identified. Further interesting factoid: both Marcellus, NY and Utica, NY banned fracking before the statewide ban was official.) The Second Circuit upheld a previous decision which we first wrote about in 2012 (see
A couple of interesting tidbits have come to light regarding the impending buyout of MarkWest Energy by Marathon Petroleum, announced in July (see
The gloves are now off and everything is out in the open: President Barack Hussein Obama wants to destroy the oil and gas industry in the United States of America. Yesterday Obama’s preferred tool of destruction, the federal Environmental Protection Agency (EPA), released a plan that brings the jackboots of the federal government down on the necks of the industry–forcing them to “reduce” methane emissions by 40-45%. Methane, you may recall, is what drillers actually extract from the ground and sell. Methane is what they get paid for–the very thing they are incentivized to capture so they can sell it. Drillers have reduced their methane emissions–the stuff leaking out around the edges–by at least 40-45% over the past few years. In other words, the industry is already doing what the EPA wants them to do. Which means this action is a blatant attempt at stifling drilling in this country. Let us be crystal clear: This action by the EPA is illegal. This is an outright attempt to regulate the oil and gas industry, contrary to the U.S. Constitution which reserves such regulation to the individual states. Just have a look at the so-called “rule” the EPA has published (all 591 pages of it). It is a top to bottom set of unlegislated regulations that will put all oil an gas drilling in the regulatory hands of the EPA.
As for the good guys, the guys in the white hats who support clean-burning natural gas and fossil fuels, they also weighed in on the EPA’s lawless new methane reduction rule, otherwise known as 40 CFR Part. Here’s what the good guys from ANGA, API, Marcellus Shale Coalition, WVONGA and even what three U.S. Senators had to say…