PA’s PUC Pro-Drilling Chairman Powelson Leads Mid-Atlantic Group
MDN told you a month ago that the anti-drilling StateImpact Pennsylvania (PBS “reporters”) had claimed another scalp in their anti-drilling campaign by forcing PA Public Utilities Commission chairman Rob Powelson to resign from the Greater Philadelphia Energy Action Team–a Chamber of Commerce organization aimed at promoting business and all forms of energy in the state (see StateImpact PA Claims Another Scalp for their Anti-Drilling Wall). We’re happy to report Powelson has come roaring back. He’s strongly pro-Marcellus drilling and he’s just been sworn in as President of the Mid-Atlantic Conference of Regulatory Utilities Commissioners (MACRUC). It’s good to have a pro-driller in charge of MACRUC…
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This is a “hmmm, that’s interesting” revelation for MDN. Yesterday Magnum Hunter Resources, a driller mostly focused on the West Virginia Marcellus and increasingly Ohio Utica Shale, issued a press release yesterday to say that they’ve been successful in getting five of six “securities class action and shareholder derivative lawsuits” against the company dismissed–without paying a penny to either the plaintiffs or their lawyers. The company is working on a sixth (and last) such lawsuit now. What is a securities class action/derivative lawsuit?…
One of the Obama administration’s favorite tactics to do illegal end-runs around Congress (remember–Congress writes the laws, the President enforces them) is to have rogue agencies like the Environmental Protection Agency claim sweeping powers under older/existing laws. Like the Clean Air Act. Yesterday the U.S. Supreme Court yanked on the EPA’s leash pretty hard and said, “Heal boy, sit down.” The EPA tried to simply rewrite a law passed by Congress in how the agency treats so-called greenhouse gases. The EPA didn’t like what Congress wrote, so they rewrote it. The justices said, “No, you can’t do that,” to the EPA. However, as Justice Antonin Scalia pointed out from the bench, the EPA still got almost all of what it wanted in this decision…