Other Stories of Interest: Tue, Nov 8, 2022
OTHER U.S. REGIONS: ‘It’s going to be pretty bad’ in Northeast this winter; AES to convert Petersburg coal plant to natural gas; NATIONAL: Nearly 25% of the coal-fired fleet scheduled to retire by 2029; Natural gas futures extend rally as wintry weather nears; Just stop oil? If oil didn’t exist, we’d have to invent it; INTERNATIONAL: US, China must pay their share for climate change remedies; Russia’s LNG exports are near a record high; UK to announce U.S. gas deal after climate change summit.
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Upper Burrell (Westmoreland County, PA) town supervisors held a hearing last Wednesday, and following that hearing, voted unanimously to approve a new well pad proposed by Olympus Energy. This is the fourth such well pad approved by the town. Unlike previous meetings, no one (of the 20 or so residents attending) objected to the project. The well pad is 630 feet or more from about 20 homes–which is farther than the state-required setback of 500 feet.
A group of so-called environmental organizations that are IRS tax-exempt is really nothing more than a political front for the Democrat Party. We’re talking about PennEnvironment, Conservation Voters of Pennsylvania, and the odious National Resources Defense Council (NRDC), three groups that have collectively poured nearly $5 million into advertisements this election cycle supporting the anti-drilling, anti-fracking, anti-Marcellus Josh Shapiro. Why these organizations are still tax-exempt is a mystery to us, as they are completely partisan (Democrat), a violation of the federal tax code.
We continue to be impressed with CNX Resources and its CEO Nick DeIuliis. CNX and the CNX Foundation are having a huge impact on the southwestern Pennsylvania (and tri-state) region where the company operates. In the past, we’ve told you about CNX and the work it is doing supporting underserved communities and populations in the tri-state region with $30 million in donations (see 
Anti-fossil fuel zealots in Massachusetts are taking aim at a small “peaker” power plant that would generate up to 55 megawatts of electricity purely as a backup. The plant will be off most of the time, yet antis are attacking the plant like it’s radioactive. The small peaker plant is planned for Peabody, MA. The ultramodern plant (very low emissions) would be located next to two older peaker plants. Yet antis claim (falsely) that it will exacerbate problems in that region that “already experience higher rates of cancer, chronic kidney disease, chronic obstructive pulmonary disease, coronary heart disease and stroke.” A fake report from the Massachusetts Climate Action Network says the peaker, which will be off most of the time, will make it worse for those living in the region.
In 2020 EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see 
Pennsylvania House Bill (HB) 1059 is legislation to provide $142 million annually in state tax credits for several purposes, including clean hydrogen hubs, use of natural gas, semiconductor manufacturing, and milk processors. HB 1059 was approved by both the state Senate and House last week and sent along to Gov. Tom Wolf for his signature (see 
In June, seemingly out of nowhere, a plan to build an LNG export facility on the banks of the Delaware River south of Philadelphia made big headlines in Philly (see 
Rumors are circulating on Capitol Hill that the Senate Energy and Natural Resources Committee is eyeing Nov. 15 for Federal Energy Regulatory Commission (FERC) Chairman Richard “Dick” Glick’s confirmation hearing for a second five-year term. We sincerely hope those rumors are wrong. Glick, a Democrat and former wind lobbyist who is an extreme anti-pipeline radical, was first appointed to FERC under Donald Trump. He was nominated by Joe Biden for reappointment to a second five-year term last May (see 
On Tuesday, the co-CEO of Energy Transfer, Marshall McCrea, went on an extended rant during the company’s quarterly update about Joe Biden’s energy policies and the Bidenistas in federal agencies who are attacking the fossil fuel industry. McCrea compared Biden’s policies to a sitcom, like a Saturday Night Live skit. McCrea said, “I mean, my goodness, if this doesn’t seem like a sitcom or Saturday Night Live skit, it’d be funny if it wasn’t so tragically sad. I guess we’re kind of tired of being attacked in the fossil-fuel business.” His comments triggered something. We think we know the genesis of McCrea’s comments comparing Biden to an SNL skit. Last weekend, just before Halloween, SNL ran a faux Halloween movie trailer about Biden running in 2024. It is *hysterically* funny. The skit skewers not only Biden, but other potential 2024 candidates, including Kamala Harris, Beto O’Rourke, Pete Buttigieg, Bernie Sanders, and (yes) even Hillary Clinton! You know when the left turns on itself and uses humor to destroy its own candidates, it’s all over and done.