PA Gov. Wolf Signs NatGas Royalty Transparency Act into Law
In January of this year, MDN reported on Pennsylvania State Senate Bill (SB) 806, aimed at providing clarity in the royalty payment statements landowners receive from oil and gas drillers (see Natural Gas Royalty Transparency Bill SB 806 Passes in PA Senate). Sometimes deductions are posted on royalty statements with very little (if any) description of what those deductions are for. SB 806 would clear up the confusion. We are delighted to report that SB 806 was signed into law by Gov. Tom Wolf earlier this month.
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When we first spotted an article by PBS titled “Why Ohio’s top oil and gas producing counties continue to lag in jobs,” we were intrigued. The “deck” of the article (the little subtext directly under the headline) says, “A decade into Ohio’s shale gas boom, seven Appalachian counties still have unemployment rates that exceed the state average. Experts and local sources suggested four reasons why fracking hasn’t closed the gap.” The implication is that fracking and the jobs it could and would create were oversold. Jobs from fracking are smoke without fire. Yet the article itself appears to prove just the opposite–that fracking HAS led to a dramatic increase in jobs in Ohio.
NATIONAL: Why oil companies are not running out of fresh shale fields to frack; Study explores top causes of driving-related deaths in O&G; Nabors automates existing rig with robotics module; INTERNATIONAL: Europe’s LNG import capacity set to expand by one-third by end of 2024; Chevron oil drilling efforts in Venezuela blasted as ‘stupidity,’ nonsensical; $60 billion LNG mega deal marks Chinese influence in Middle East.
According to insiders in the D.C. swamp, the deal that U.S. Senator Joe Manchin (from West Virginia) made with Sen. Chuck Schumer (from New York) to get a “permitting reform” bill passed that would, among other things, allow the 303-mile Mountain Valley Pipeline (MVP), currently 94% built and in the ground, is on “life support.” The bill proposed by Manchin would bypass the clown judges on the 4th Circuit Court of Appeals who are blocking it. The bill supposedly would allow MVP to finish and go online. However, Republicans are being falsely accused of blocking it.
In April, the New York State Assembly passed Assembly Bill A7389C. In June, the New York State Senate passed the same bill, sending it to Gov. Kathy Hochul’s desk for a signature (see 
European political leaders have been hell bent for leather to kill off fossil fuel energy used in their respective countries. And they have pretty much done it. They’ve been successful–at least with reducing the production of fossil energy. Europe has restricted new investment in fossil energy and is now paying the price. According to François-Régis Mouton, regional director for Europe at the International Association of Oil and Gas Producers, Europe has “killed fossil energy.” European manufacturers that depend on fossil energy–either for heat and electricity or as an input into their processes (like fertilizer plants using natural gas), are shutting down. Some are relocating to the U.S.
The silly fools behind the “divest from fossil energy companies” movement are doing the exact opposite of what they had hoped to do. The diverstors are trying to force publicly traded fossil energy companies out of business by bullying investors to divest (refuse to own) stock in fossil fuel companies. The theory is that if enough investors refuse to buy the stock, the stock price will crash and burn, and the company will be forced out of business. But the EXACT OPPOSITE is happening!