NYU Caves to Brainwashed Kids, Pledges to Divest Fossil Fuels
Another great American university has fallen to the forces of radical left Communism–New York University (NYU). Rich kids with no purpose in life other than to navel gaze and worry about the latest Taylor Swift video have found a new purpose: try to get the old farts in the board rooms at their school to divest from fossil fuel stocks. Not because it actually makes sense or would improve anything–but just to see if they can do it. Fortunately, 99% of colleges and universities have decided against divestment. Back in 2016, NYU and Cambridge University told the brainwashed kids to buzz off (see NYU, Cambridge U Reject Calls to Divest from Fossil Fuel Stocks). What a difference seven years makes.
Read More “NYU Caves to Brainwashed Kids, Pledges to Divest Fossil Fuels”
MARCELLUS/UTICA REGION: Company sparks realization of Utica Shale welding lab; Bryan Municipal Utilities to store natgas for emergency peak shaving; OTHER U.S. REGIONS: Denbury announces expiration of HSR Act in proposed Exxon buyout; NATIONAL: Natural gas ends sharply higher on storage forecasts; Crude oil finishes at 10-month highs, energy top of S&P standings; AEA joins coalition to Save Our Cars; INTERNATIONAL: Oil jumps 2% to near 10-month high as OPEC predicts tight supplies; BP CEO Looney resigns over personal relationships with colleagues; Gas markets are becoming ‘extremely difficult’ to predict.
Aggressive “protesters” and the nonprofits that organize and send them out are finally getting some of their own medicine. Big Green funds frivolous lawsuits, and when those lawsuits are finally exhausted (and have failed), Big Green pays protesters to engage in illegal stunts aimed at shutting down the construction of projects like the 94% completed Mountain Valley Pipeline (MVP). Protesters are aggressively attempting to delay the final 6% of MVP construction, even though the completion of MVP is guaranteed by an Act of Congress (see 
The Ohio River Valley Institute (ORVI) is nothing more than a front group, another name for the ultra-left, biased, and virulent anti-fossil fuel Heinz Endowments. ORVI pokes its head up periodically to issue “reports” (i.e., propaganda) bashing fossil energy, like a recently updated report claiming the shale industry didn’t create any jobs or economic benefit in the Marcellus/Utica (see 
According to multiple sources, feedgas (natural gas) flows to Freeport LNG (south of Houston, located on Quintana Island, Texas), the second-largest U.S. LNG exporter, dropped sharply over the weekend and remained down for the third day in a row on Monday. Freeport has the capacity to accept 2 Bcf/d (billion cubic feet per day) of feedgas. As of yesterday, the plant accepted 622 MMcf for the day, about 31% of maximum capacity. What’s going on?
WhiteHawk Energy, headquartered in Philadelphia, with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays. PHX rebuffed the proposal (see 
ExxonMobil recently published “The Global Outlook,” the company’s latest view of energy demand and supply through 2050. The document forms the basis for Exxon’s business planning and is “underpinned by a deep understanding of long-term market fundamentals.” Exxon is making short-term decisions based on this long-term document. And what does this document say? It says, contrary to the fantasies of leftists, that fossil energy (petroleum, natural gas, and coal) will still make up 68% of the world’s energy sources in 2050, some 30 years from now. That’s down from 82% today. Oil and gas by themselves will provide 54% of the world’s energy in 2050. O&G is still the one.
For the first time since June, the national active U.S. rig count added rigs–a single rig–last week. The new active U.S. rig count is 632, up from 631 the previous week. Unfortunately, the Marcellus/Utica lost yet another rig, sinking to 39 active rigs. Once again, West Virginia was the unlucky state that lost a rig, now running just 8 shale rigs. The rig counts for both Pennsylvania and Ohio stayed the same last week.
On February 14, 2022, Energy Transfer Marketing & Terminals, L.P. (ETMT) applied to expand the company’s ethane chilling capacity at the Marcus Hook Terminal (MHT) from approximately 75,000 barrels per day (bpd) to approximately 85,000 bpd. Because the facility is located in a so-called Environmental Justice (EJ) area, the DEP is conducting an even more painful anal exam (than usual) before issuing a permit for the expansion. Part of that examination will be a public hearing on Sept. 19, 2023, in Boothwyn, PA, from 6:00 – 8:00 p.m.
Last week, MDN told you about Gulfport Energy drilling three Utica Shale wells in Ohio (with a fourth underway) that are massive 4-mile wells (see 
Every single week, we read stories in mainstream media (and in the fringe environmental media) that declare so-called renewables, namely solar and wind, are taking the world by storm. They’re replacing fossil fuels. The fat lady is just about ready to sing and bring down the curtain on fossil energy because wind and solar are taking over, baby. Except it’s all a lie! The editor of the Times Observer (in Warren, PA), The Post-Journal (in Jamestown, NY), and the OBSERVER (in Dunkirk, NY) penned a sobering column that points out wind and solar contribute roughly 2% of the electricity flowing to the grid in New York State, and not much more for the grid in Pennsylvania.
Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $14.5 billion to build has not made an official final investment decision (FID) to proceed with the FERC-approved project, yet. However, construction began on the project in March 2022 (see