PPG Op-Ed: Don’t Kill the Marcellus Goose Laying the Golden Eggs
We suppose sooner or later it had to happen–the increasingly anti-drilling Pittsburgh Post-Gazette ran an op-ed that tells the truth about PA Democrat’s plans to slap a severance tax on drilling–on top of an already high impact fee. The result will be, according to energy lawyer Kevin Colosimo, to kill the goose laying the golden eggs. To be sure the editorial writers at the PPG had nothing to do with the editorial–and probably didn’t want to run it. The argument is made by anti-drillers and money-grubbing PA Democrats that “everyone else has a severance tax, even Texas and Oklahoma and all those evil, nasty oil and gas states have a severance tax. We should too.” Just a teeny, tiny problem with that argument…
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Let’s give credit where it’s due. Gannett repeatedly filed Freedom of Information Law (FOIL) requests to get schedule details about former Commissioner of the New York State Dept. of Health (DOH) Nirav Shah. Gannett has been fishing to see who Shah talked to in his now 1.5+ year “review” of proposed fracking regulations–a process that Shah himself said should only take a few weeks to complete (see 
Get ready for rolling blackouts. We predict a run on candles at the local Walmart. We’re talking, of course, about President Obama’s EPA unilaterally forcing coal generating electric plants to shut down in the coming years because they can’t meet strict new carbon emission standards (coal is made from…carbon). All of the wind and solar and purple unicorns in the world won’t replace the electricity that’s about to go away thanks to the Obamadroids. Some of the slack will be taken up by natural gas–but it’s a hollow victory for natgas because electric power plants won’t be able to convert quickly enough and infrastructure won’t be in place soon enough to prevent mass electric outages. And no, we’re not kidding…
Ack is back! MDN is pleased to bring you another guest post from our very good friend Chris Acker. Chris is a geological engineer with an MBA. He grew up in the oil fields of Venezuela where his father, a petroleum engineer, was a drilling contractor for all the major players, onshore and off. Chris’ interest in energy economics and policy found him working for Exxon, Petroleum Industry Research Associates and Petroleos de Venezuela. He bought a parcel of land in the PA countryside twenty-five years ago and later semi-retired to work on antique pianos (see www.PianoGrands.com). A few years ago, it was established that Chris’ property in Susquehanna County sits atop one of the Marcellus shale’s most prolific areas. He is now happily engaged once again in energy economics, with emphasis, naturally, on gas. In this post Chris gives us the lowdown on what every landowner with a well sooner or later wants to know: How fast will production from my well peter out? It’s called a “decline curve” and Chris gives us a great understanding of the fundamentals…