Anti-Drillers Cheer PA Gov Wolf’s New Appointment to Head PUC
The Pennsylvania Public Utility Commission (PUC) “balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.” The PUC also greatly affects the state’s shale drilling industry (see Major Milestone: PA PUC Rules Mariner East IS a Public Utility and PA PUC Says Impact Fee Payment Calculations Still “Off”). So it was with keen interest that we noticed newly elected Gov. Tom Wolf has appointed a new head of the PUC, Gladys Brown, a true believer in man-made global warming and someone who advocates for so-called energy efficiency (i.e. lock down your thermostat) and reducing carbon emissions (i.e. tax industry into oblivion). We see a coming disaster with Brown at the helm of the PUC. Still glad you elected Wolf? No, we didn’t think so…
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Chesapeake Energy is the second largest natural gas producer in the United States and the largest producer in both the Marcellus and Utica Shale. Yesterday the company released their first quarter 2015 results and held an earnings call with analysts to discuss how things are going for the company. Depending on which media account you read today, you’ll find that Chesapeake is scaling back operations in the Utica Shale while at the same time looking to lease more land in the Utica; their rig count has been decimated and yet production rose 14% year over year; and one source says the company posted a big loss and is burning cash like crazy while another says it isn’t really losing money, costs are dropping and the outlook is improving. Yes, it runs the gamut. Apparently anyone can find about anything to love or hate about Chessy’s latest update. Kind of a like a rorschach test…
Yesterday MDN alerted you to the coming buzz saw of media lies about a new study that reportedly shows three Pennsylvania water wells that may have been contaminated by nearby fracking operations (see