EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond
In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). We noted at the time that a chart showing the dominance of oil and gas energy over the next 30 years had disappeared from the report. Since that time, EIA has published a few “deep dive” posts on its Today in Energy website. Yesterday was another such post, this one showing charts for the production of “petroleum and other liquids.” The charts show EIA’s expectation that (yes) oil and its related products will still be going strong 30 years from now.
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Last week five Republican U.S. Senators introduced the Natural
This is another in our series of what it’s like living “Behind Enemy Lines.” MDN editor Jim Willis lives in Upstate New York (Binghamton area). Our freedoms in NY are being stripped away at an alarming rate. The radical left is in full control of the state, as is illustrated by a recent debate between Gov. Kathy Hochul (a far-left radical) and others in the Democrat Party even further to the left of Hochul, if such a thing is possible. The people left of Hochul are resisting a reasonable compromise in the current budget that would change the current timeline for methane accounting from 20 years to 100 years.
One of MDN’s favorite organizations is the Pennsylvania Oil and Gas Landowner Alliance (POGLA), an organization representing oil, gas, mineral, and royalty owners throughout the Commonwealth of PA. POGLA will host a conference titled 
MARCELLUS/UTICA REGION: Manchin unloads on climate activists re MVP; NATIONAL: USA gasoline prices could hit $4 thanks to OPEC+ cut; The police state is here and “governed” by Joe Biden; An OPEC-driven U.S. drilling boom? Not so fast.; Calling all consumers: it’s time to recall our failing energy policies; INTERNATIONAL: New OPEC+ cuts will push oil to $110 this summer.
Last week it was a miracle when the three-judge panel from the U.S. Court of Appeals for the Fourth Circuit (i.e. 4th Circuit clown judges) turned back an appeal of a permit issued by the Virginia State Water Control Board allowing Mountain Valley Pipeline (MVP) to cross some 150 streams and wetlands in Southwest West Virginia (see
Yesterday, EQT Corporation and Context Labs announced a partnership to advance the commercialization of verified low-carbon intensity natural gas products and carbon credits. The partnership brings together EQT, the largest natural gas producer in the U.S., and Context Labs, an expert in distributed ledger technology, advanced climate data, and analytics. The partnership will help EQT prove that the natural gas it produces is low-carbon and responsible, and make it easier to market the gas to those who want to buy (and pay more for) low-carbon gas.
Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and new top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of Marcellus/Utica driller Montage Resources Corporation before that company was gobbled up by Southwestern Energy (see
The Pennsylvania Game Commission (PGC) owns and manages more than 1.5 million acres of state game lands throughout the Commonwealth. The primary purpose of these lands is the management of habitat for wildlife and providing opportunities for lawful hunting and trapping. You might think PGC gets most of its revenue from hunting and trapping licenses and fees. You would be wrong. PGC allows shale drilling on some of its vast holdings, and leases and royalties generate about 7X the income for PGC than all other sources combined.
National Grid is desperately trying not to run out of natural gas for its customers in Brooklyn and Queens (on Long Island). It appears because of opposition from crazy leftists, they won’t succeed. For several years the company has fought a battle to run a tiny pipeline to its Greenpoint, Brooklyn facility to provide extra natural gas. That project is going nowhere fast. National Grid has/had a backup plan in case it could not complete the pipeline project–add two extra LNG vaporizers to the Greenpoint facility to turn trucked LNG back into gas that can flow through the system. It seems even Plan B is now gone. What’s left are coming gas outages for Long Island.
The NYMEX futures price for natural gas recently hit a 30-month low (see
We really have seen it all now. A news story appearing in the Washington Free Beacon discusses how a large Democrat Political Action Committee (PAC) is trashing Gov. Ron DeSantis for his support of natural gas. American Bridge 21st Century launched a website on Monday that hits DeSantis over his support for natural gas, the use of fracking, and projects like the Keystone XL pipeline. The PAC, which told DeSantis in its launch post that “we’re coming for you,” suggested DeSantis’s position has harmed the environment and contributed to climate change. Yet a lobbying firm closely connected to the PAC, ABI Associates, has gotten $240,000 from the Interstate Natural Gas Association of America (INGAA)! Words escape us…
The ARCH2 (Appalachian Regional Clean Hydrogen Hub) project, the West Virginia-led effort to attract government funding for one of 6-10 regional hydrogen hubs, took a leap forward today with the announcement by Adams Fork Energy, Haldor Topsoe, and CNX Resources Corp. of a plan to build a “multi-billion-dollar” clean ammonia manufacturing facility in southern West Virginia. CNX will provide natural gas to the plant, tentatively scheduled to begin construction in 2024 in Mingo County, WV. The ammonia plant will be an “anchor project” in the ARCH2 Hydrogen Hub application currently under consideration by the U.S. Dept. of Energy.