Marcellus & Utica Shale Story Links: Thu, Apr 28, 2016

best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Viking Global buys up big position in Rice Energy; the fight for the Constitution Pipeline; NY comptroller out of control; new chairman of the board at Marathon Petroleum; “reporter” tells fracking fairy tales; natgas rate hikes in NJ, PA; Stanford keeps fossil fuel stocks; and more!
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Marcellus & Utica Shale Story Links: Thu, Mar 31, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: NY towns don’t get say in crude pipeline review; how NY fractivists twist the truth; OH only has 1% chance of injection well-related earthquake in 2016; OH colleges get $272K grant for o&g training program; natgas replacing nuclear energy in Vermont; Massachusetts AG bullies Exxon; loan defaults keep mounting for drillers; oil market price disruption “just beginning”; natgas leads the pack with power generation; and more!
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NY Comptroller Attacks Natural Gas Pipelines with Safety “Audit”

New York State’s Comptroller, Thomas DiNapoli, is a hard-left Democrat who has repeatedly targeted the fossil fuel industry in the Empire State–and beyond. As we’ve previously observed, DiNapoli is an anti-drilling bully (see our extensive list of MDN articles on DiNapoli’s attacks here). His latest attempt to smear the fossil fuel industry is to attack pipeline infrastructure. His office conducted an “audit” of pipeline safety from 1995 through 2014 (full copy below) and has supposedly found 194 pipeline “incidents” resulting in 23 fatalities, 123 injuries and $77 million in property damage. The aim, of course, is to imply pipelines are unsafe. There is no context in DiNapoli’s report. For example, during the same period, how many bridges have had “incidents” and how many deaths have there been from bridge accidents? During the same period how many railroad “incidents” have there been and how many deaths? When you stack up pipelines against any other form of transportation, pipelines are the safest mode of transport by far–it’s not even close. But you wouldn’t know that from DiNapoli’s slanted report…
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Marcellus & Utica Shale Story Links: Mon, Mar 28, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Even Rice Energy isn’t immune to low natgas prices; Cove Point LNG on track for 2017 launch; Amtran getting CNG; WV manufacturers focus on natgas investments; another ship docs at Sabine Pass for LNG exports; ETE/Williams deal remains in trouble; anti-fracking presidential candidates; Total knifes Halliburton/Baker Hughes deal in the back; climate scientist investigated for financial irregularities; and more!
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NY Lawmakers Want State Pension Fund to Divest from Fossil Fuels

It looks like students at the University of Pittsburgh aren’t the only the only ones who are devoid of intelligence (see Pitt Brats “Demand” Endowment Divest from < 1% Fossil Investments). You can now add a group of Democrat lawmakers in New York State’s Senate and Assembly to the list of fools. Some two dozen Democrat lawmakers want State Comptroller Thomas DiNapoli (radical Democrat), the sole trustee in charge of investing the state’s public workers pension fund (worth $178.3 billion), to sell any investments the fund has in companies that engage in extracting fossil fuels. Why? Because they believe in the fairy tale that burning fossil fuels causes Mother Earth, whom they worship, to heat up. Never mind global warming isn’t actually happening and hasn’t been happening for nearly 20 years (see Inconvenient Global Warming Fact: Avg Temp Hasn’t Risen in 18 Yrs)–it’s what you can make people believe that counts…
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Marcellus & Utica Shale Story Links: Fri, Jan 22, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Stuffing the CELDF back in its bottle; NY comptroller asks Exxon about climate change risk; Moundsville electric plant still on sked; NJ residents hire DC firm to oppose PA pipeline; EPA continues out of control, wants FERC to change its charter; Obama vetoes attempt to block his Clean Water power grab; Obama uses CA catastrophe to advance his own agenda; group proves NASA is lying about climate change data; appeals court declines to block Obama dictatorship on carbon emissions; some o&g drillers can’t give their assets away; and more!
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Exxon “Shale is Worth the Risks” Report for Shareholders

For years now environmental activists/wackos have been “demanding” that companies like ExxonMobil and Chevron disclose the “risks” involved with shale drilling (see this 2011 MDN article: Exxon Mobil, Chevron Face Shareholder Questions about Environmental Impact of Hydraulic Fracturing at Annual Meetings). A number of left-leaning pressure groups continuously attempt to get big investors to dump their shares in fossil fuel companies, sometimes succeeding (see United Church of Christ Votes to Divest from Fossil Fuel Companies). The pressure has become intense. Earlier this year, the mafia-like New York State Comptroller, Thomas DiNapoli, who happens to be the sole person in charge of the enormous New York State Common Retirement Fund, brought his considerable pressure to bear. DiNapoli threatened to dump the fund’s $1.02 BILLION worth of Exxon Mobil stock unless the company writes up a report on the potential hazards of unconventional drilling (see Exxon Mobil Shaken Down by NYS Comptroller Thomas DiNapoli). Exxon complied and has just released their report (full copy below)…
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NY Comptroller Bullies Cabot O&G over Frack Fluid Disclosure

Being the sole person in charge of a pot of investments worth $150 billion is an awesome responsibility—and invests that person with an enormous amount of power. Power which can (and is) abused. New York State Comptroller Thomas P. DiNapoli is the sole person in charge of the New York State Common Retirement Fund and he regularly throws his weight around with the companies the fund invests in to strong-arm them into doing things they typically don’t want to do. Call it bullying (because that’s what it is).

The latest example: DiNapoli, himself an anti-driller, is crowing that he forced Cabot Oil & Gas, one of the companies the Fund invests in ($35.8 million), to “publicly disclose its policy and procedures for eliminating or minimizing the use of toxic substances in its hydraulic fracturing fluids.” Never mind that Cabot already lists the components of its fracking fluids in the FracFocus.org Chemical Disclosure Registry. Let’s not let facts get in the way of a good PR campaign.

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NYS Comptroller Threatens Chesapeake Energy

New York State Comptroller Thomas DiNapoli, who is anti-drilling, “scolded” Chesapeake last week (according to the headlines) over the program that allows CEO Aubrey McClendon to participate in every well drilled by the company, with up to 2.5 percent ownership in each well. Although DiNapoli released a press statement to his favored mainstream media (MSM) buddies, he has yet to publicly release the statement “scolding” Chesapeake.

Here’s what we have from MSM accounts:

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NY Comptroller Wants New Tax to Cover Gas Drilling Accidents

pickpocketEven though New York still has not adopted new drilling regulations, and likely won’t until late this year, and even though drilling will not begin until 2012 at the earliest, New York politicians are lining up to dip their hands into driller’s and landowners’ pockets. The latest example is New York State Comptroller Thomas DiNapoli who has proposed a bill to the state legislature to create a driller-funded pool of money (i.e. a new tax on drillers) to cover the cost of any future accidents that may (or may not) happen because of drilling.

The problem, of course, is that any pool of money in Albany—home of politicians with sticky fingers—has a half-life of about 30 minutes before it will be borrowed, moved from one side of the ledger to the other, or otherwise disappear.

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Group of Investment Managers Target Drilling Companies Who Use Hydraulic Fracturing

godfatherA group of investment managers who belong to an organization called The Investor Environmental Health Network have banded together (some might call it collusion) to put pressure on energy companies who engage in natural gas drilling by using hydraulic fracturing. Their aim? To stop fracking of course, but that’s not what they say in their press statement. They’re just little ‘ole investors encouraging companies to “do the right thing” …
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