IEA 2015 Global 5-Year Gas Market Report, U.S. LNG in Trouble?
Yesterday the International Energy Agency (IEA) released its “Medium-Term Gas Market Report” covering the next five years. The somewhat troubling forecast is that the overall demand for natural gas will grow at a slower pace–just 2% per year–rather than their previous prediction from last year–2.3% per year–for the next five years. Normally with low low gas prices demand would pick up. But the IEA says Asia’s demand for natural gas over the next five years will *decrease* instead of increase, which more than offsets low prices stimulating demand. The IEA says this has big implications for the flurry of LNG export facilities being planned in the U.S. According to the IEA, several U.S. LNG export facilities will “likely to be delayed or even cancelled”…
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Here’s how it works in anti-drilling land. Students who want to make a name for themselves and earn some cashola accept “funding” (i.e. a bribe) from an anti-drilling organization. The “funder” (i.e. briber) determines the topic and result they want the “research” to report. The students, from a prestigious school, then doctor up the research with enough surface credibility to fool stupid mainstream media types. The students then publish that “research” in an online journal with very low standards. What do you get? Researchers at the University of Pittsburgh Graduate School of Public Health accepting money from the Heinz Endowments to publish a study claiming mommies who live close to Marcellus Shale wells have babies with low birth weights (copy of the study below), published in the online journal PLOS ONE, now being picked up by the likes of CBS and other news outlets who are reporting what the authors themselves say is research that doesn’t prove anything. News headlines are then generated linking fracking to a negative health condition. The low-information, headline-only reading crowd reads the headline and never bothers to question whether or not it’s true (which it isn’t), and voila–we have another case of public brainwashing, assisted by students prostituting themselves for money and fame, and damaging the reputation of the University of Pittsburgh. All bought and paid for by a big money donor to the school, Teresa Heinz-Kerry, using her dead first husband’s money…
Canary LLC is the largest privately owned (no publicly traded stock) oilfield services company in the U.S. Canary competes with the likes of Schlumberger, Halliburton and Baker Hughes. We wrote about Canary in January 2014, pointing out the company has operations in both the Marcellus and Utica Shale (see