Ice Core Samples Debunk Theory of Man-Made Global Warming
We’ve noticed that the more science and objective proof is offered to prove that the warming of planet Earth is a natural cycle and not caused by humans, the more shrill and unhinged the left becomes. They resort to name-calling (you’re a “climate denier”), and they even, in their unguarded moments, suggest that perhaps people who espouse an opinion different from theirs should be jailed (see RIT Professor Says Jail Those Who Don’t Believe in Global Warming). The left cannot defend its positions in a rational debate, so they seek to shut down the debate. They declare, “science has spoken” as if the pronouncement has come from the mouth of God. Science has done nothing of the sort. Science doesn’t speak–it’s an iterative process that changes and improves with time. Science is also measurable and repeatable.
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NATIONAL: Partners in clean ammonia projects eye billions in federal tax incentives; Wind and solar are not nearly enough – Biden suddenly supports fossil fuels; Just how important is the U.S. shale industry?; Dozens of Dem lawmakers pressure White House to crack down on natural gas; Supreme Court rules day rate workers entitled to overtime pay; INTERNATIONAL: OPEC+ has lots of dry powder for further cuts; Europe ended winter with most natgas in storage on record.
This is precisely what we feared might happen and why we were against the merger of Cimarex Energy and Cabot Oil & Gas, now called Coterra Energy (see
On Friday, Pennsylvania Attorney General Michelle Henry announced her office has filed criminal charges against two men for falsifying paperwork and risking catastrophe while working on a natural gas pipeline project in western PA. The AG’s Environmental Crime Section and the US Department of Transportation’s Office of Inspector General investigated a case of suspected fraud in falsifying records for portions of a MarkWest Liberty Pipeline to transport NGLs.
The Shell ethane cracker plant in Beaver County, PA (near Pittsburgh) has experienced a number of problems over the past six months during startup, including flaring and foul odors (see
The Pennsylvania-based Community Environmental Legal Defense Fund (CELDF), along with Citizens for Rights of the Ohio River Watershed (CROW), are trying to gather enough signatures from Cincinnati residents to put a measure on a city ballot that would create a so-called Bill of Rights (i.e. bestow human rights) for the Ohio River and its watershed. We wonder what the Ohio River “thinks” about that! This isn’t the first time the radicalized CELDF has tried this stunt in Ohio (see 
Here’s something truly noteworthy–something you need to sit up and pay attention to. Last Thursday, all four Federal Energy Regulatory Commission (FERC) commissioners–two Democrats and two Republicans–sat before the Senate Energy and Natural Resources Committee in a hearing and said the same thing. All four FERC commissioners warned the Senators that too many coal- and gas-fired power plants are retiring without enough new sources coming online to replace them. They said the situation is “catastrophic” and “the red lights are flashing.”
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company Empire Pipeline. Earlier this week, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s second quarter, which would be everybody else’s first quarter update. The big news from the update is that Seneca Resources has agreed to acquire upstream assets in northwestern Pennsylvania from Southwestern Energy for $127 million.
Williams, one of the largest pipeline companies in the world, issued its first quarter update yesterday. The company reported 1Q23 net income increased by $547 million to $926 million, up from $379 million in 1Q22 due to unrealized gains (and losses) on commodity derivatives, the benefit of higher service revenues driven by contributions from recent acquisitions, increased volumes at Ohio Valley Midstream, as well as higher commodity marketing margins. CEO and President Alan Armstrong said, “We remain squarely focused on our natural gas-focused strategy.” The Marcellus/Utica plays a big part in the company’s gas-focused strategy.
The U.S. Energy Information Administration (EIA), which tracks all things energy, reports natural gas production in the U.S. has increased for 23 consecutive months, due to an increase in demand from gas-fired power plants and LNG export operations. In fact, U.S. dry natgas production in February averaged 101.5 Bcf/d (billion cubic feet per day), the highest level for any month since 1973! Gross withdrawals (usage, including exports) were 123.1 Bcf/d in February, the highest daily rate of gross withdrawals for any month since 1980! Why do we not see mainstream media trumpeting these numbers?
We are currently in the latest quarterly update season. In fact, we are about done with quarterly updates for the first quarter. Most (if not all) of the publicly traded Marcellus/Utica drillers have turned in their quarterly updates, as well as gas drillers from other plays (like the Haynesville). If you review the statements made by U.S. gas drillers in this latest round of updates, you’ll find the sentiment expressed that although we’re currently in the price basement for natural gas, most drillers don’t think it’s going last long. They think low prices for natgas are short-lived and that a rebound awaits us in 2024.