NATIONAL: Connecting “energy inflation” with “climate extremism”; A comprehensive roundup of official energy madness; INTERNATIONAL: LNG market facing its most “violent” year yet; Putin offers to boost natural gas supply to Europe.
Read More “Other Stories of Interest: Thu, Oct 13, 2022”
EQT CEO Toby Rice has been and is on a mission to spread the gospel of LNG (see EQT CEO Toby Rice Unveils Nationwide Plan to “Unleash” U.S. LNG). We call Toby the Apostle of LNG. Yesterday, Apostle Toby (representing EQT), along with two other companies, TC Energy (formerly TransCanada) and Williams, launched a new group called Partnership to Address Global Emissions (PAGE). PAGE will advocate for policies that encourage the development of the infrastructure (pipelines) needed to increase the production and exporting of U.S. liquefied natural gas (LNG) to replace foreign coal and lower greenhouse gas (GHG) emissions.
Read More “EQT, TC Energy, Williams Launch Partnership to Promote LNG Exports”
In just the past week, woke/leftist investment firm BlackRock (the largest investment firm in the world) has lost over $1 billion of investment money from two states: Louisiana (see Boom! Louisiana Divesting $800 Million from BlackRock Funds), and now South Carolina. BlackRock has been a major force in pressuring investors to divest from fossil energy companies. Several states, including Texas, West Virginia, Florida, Louisiana, and South Carolina, have decided to divest from the fossil energy divestors.
Read More “Boom! BlackRock Loses Another $200M – from South Carolina”
The laughably misnamed Inflation Reduction Act (IRA) is now law. Hopefully, a Republican takeover in Congress in November will mute some of the aspects of this terrible new law, but we’re not holding our breath. IRA is the law and we must now deal with it as such. While there is a mini-gold-rush mentality about the law and its $8 billion allocated for hydrogen projects, the overall aim of the IRA is to transition the entire economy of the United States away from using fossil energy to using so-called renewable energy by showering renewables with mountains of money. We predict here and now that the effort to convert America to renewables using the IRA will utterly and completely fail–for one main reason…
Read More “One Main Reason “Inflation Reduction Act” Climate Law Will Fail”
In a March 3rd Senate Energy and Natural Resources Committee hearing, Senator Bill Cassidy (R-LA) asked Federal Energy Regulatory Commission (FERC) Chairman Richard “Dick” Glick this question: “Has anyone higher up in the [Biden] administration ever spoken to you in regards to somehow slow-walking or otherwise impeding or otherwise accentuating policy that would have the effect of impeding the development of natural gas pipelines?” Chairman Glick responded with an unambiguous “no.” Yet FERC refused to release records of communications and meetings with the White House to back up Glick’s statement. The Institute for Energy Research (IER) promptly filed a lawsuit (and nine others since) to probe the extent of the involvement of the Biden White House in reshaping FERC’s policies. FERC continues to stonewall the IER’s requests. What is FERC, and The White House, hiding?
Read More “IER Transparency Project Reveals FERC Coordination with White House”
If fossil energy companies believe they can make their chosen business and industry more palatable to radical environmentalists, like Food & Water Watch (FWW), by jumping into hydrogen whole-hog, they need to think again. As we’ve been warning for months, the kook/left/fringe of the environmental movement has declared hydrogen as big of an enemy as natural gas (see Antis Begin to Turn Against Blending Hydrogen in NatGas Pipes). Even if a former natgas-fired power plant is converted to use 100% “green” hydrogen (absolutely no natural gas used to create the hydrogen), FWW still wants to burn the former gas-fired plant down. Apparently, the stain of fossil fuel sins is so deep nothing can redeem it–not even green hydrogen. These people are truly whacked.
Read More “Food & Water Watch Radicals Hate Hydrogen as Much as Natural Gas”
EnergyFunders recently launched a new fund called America First Energy Fund I. The fund will follow a similar structure to EnergyFunders’ previous investment opportunities, focusing primarily on helping secure the U.S. energy supply, while providing investors with potential tax breaks by investing in new oil and gas wells. What a breath of fresh air! A company that specifically seeks to invest in the oil and gas industry, NOT in so-called renewables.
Read More “America First Energy Fund Launches to Invest in U.S. Oil & Gas”
MARCELLUS/UTICA REGION: OOGEEP offering first responders new, immersive, hands on training; The real ‘existential threat’ is government promoting green energy; OTHER U.S. REGIONS: UBS dropped from $3.4 billion Texas natural gas securitization pricing; NATIONAL: Biden has hampered domestic energy while pleading for more foreign oil; Oil and gas producers cut debt 11% during pandemic; Biden vows consequences for Saudi Arabia after OPEC+ decision; INTERNATIONAL: Putin’s ‘gas blackmail’ is failing as LNG allows Europe to end dependence on Russia.
Read More “Other Stories of Interest: Wed, Oct 12, 2022”
As we told you last week, the Pennsylvania Dept. of Environmental Protection (DEP) was long ago supposed to have reintroduced a new set of regulations for the conventional oil and gas industry in the state to control methane emissions (see PA DEP Playing Beat the Clock with VOC Reg for Conventional Wells). The method used by the DEP for controlling methane emissions in shale wells, and intends to do with conventional wells, is by controlling VOCs, or volatile organic compounds. Control one, and you control the other, supposedly. The DEP is playing “beat the clock” because if new regs are not in place by the end of this year, the federal government is threatening to withhold $500 million (or more) in federal highway funds from the state. Wonder of wonders, the DEP issued a draft of their proposed conventional regs late Friday night and will discuss them at a meeting of the Environmental Quality Board (EQB) tomorrow. Unfortunately, what the DEP issued is the same-old-same-old.
Read More “PA DEP Releases VOC Reg to Control Conventional Well Emissions”
On Saturday, Oct. 1, Berkshire Hathaway Energy shut down the Cove Point, Maryland, LNG export facility to perform regular annual maintenance. Berkshire Hathaway (Warren Buffett), while a minority owner of Cove Point, is the operator of the facility. Natural gas flowing to the plant for liquefaction and export averaged 0.76 billion cubic feet per day (Bcf/d) in September (three-fourths of a Bcf). Those flows dropped to near zero on Oct. 1. Cove Point is typically offline for three weeks each year for maintenance. Now we hold our collective breath until it comes back online. Three-fourths of a Bcf each and every day is a lot of gas. Where will it go?
Read More “Cove Point LNG and Its 0.76 Bcf/d Offline for Annual Maintenance”
The U.S. Energy Information Administration recently published an article observing the number of DUCs (drilled but uncompleted wells) across all of the top shale regions in the country (both oil- and gas-focused) has decreased to its lowest point since the EIA began tracking such data in 2013. MDN plotted the data for the M-U from 2020 to date. What is this data telling us about shale drilling across the country and here in the M-U?
Read More “DUCs are Down to Lowest Point Since 2013 when EIA Began Tracking”
To answer the question posed in the headline, the Marcellus Shale in Pennsylvania will be greatly harmed by a Shapiro administration, in our educated opinion. You need to know that before you send in a ballot or vote on election day. Josh Shapiro is no friend of the Marcellus industry. We’ve given you many examples over the years of Shapiro attempting to turn accidents in the Marcellus shale patch into crimes (see our stories here). In addition to Shapiro’s aggressive hounding of Marcellus companies, one of the key issues facing the next governor in PA is what to do about Tom Wolf’s plan to force the state to join the Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme. Shapiro will ensure RGGI happens.
Read More “What Happens to the Marcellus if Josh Shapiro Wins PA Governor?”
Help! We’re in a nightmare, and we can’t wake up! It feels like we’re in one of those interminable Halloween movies (there’s a new one coming out this month called Halloween Ends, can you believe it?). Picture this: A president who already tilts far to the left and has dementia manages to sucker a “moderate” Democrat from West Virginia to vote for a falsely named climate bill (calling it Inflation Reduction), getting the bill passed. And that bill contains $40 BILLION for the federal EPA to use for (among other things) concocting new regulations to impose on the oil and gas industry, circumventing states’ rights as enumerated under the U.S. Constitution. The EPA is about to unleash those onerous new regulations–this week–just in time for Halloween! God help us all.
Read More “Biden EPA Gears Up to Begin Regulating Oil & Gas Via Back Door”
When oil and natural gas (i.e. methane) are extracted from the ground, inevitably some methane leaks/escapes into the atmosphere. Such leaks cause leftist wackos to go apoplectic, they’re so convinced methane will cause the earth to toast. We don’t like seeing methane leak either–but for a different reason. Every one of those molecules could be harvested and sold! There’s money in that leaking methane! One of the first tasks in solving the issue of leaking methane is to determine its source. Where is the methane originating from? Researchers at the Los Alamos National Lab (LANL) have discovered a way to determine where methane originates by measuring not only methane, but other hydrocarbons present, including ethane.
Read More “National Lab Discovers Better Way to Measure Methane Emissions”
For years the left has not been able to win debates, nor win the hearts and minds of citizens, because there are conservatives willing to stand up and air an opposing view. The conservative view often makes the most sense. And so conservatives win arguments and win the support of a majority of citizens by using sound and rational reasoning. The left simply cannot compete with common sense. How does the left combat the situation? By demanding an end to free speech. In the same way the left labels some people as racists in order to shut them up and stop any debate, the left now insists that anyone with a viewpoint they don’t hold is spreading “disinformation” and is “dangerous” and must be stopped. It is most noticeable in the debate over global warming. If you say anything other than the accepted leftist meme that mankind is destroying the earth by burning fossil fuels, you are spreading disinformation and are a danger to society. Free speech is very close to dying in this country–because of the left.
Read More “The Left’s Attempt to Muzzle Free Speech re Climate Change”
MARCELLUS/UTICA REGION: CNX Foundation, CCAC in mentoring partnership; OTHER U.S. REGIONS: California governor calls special session to pass profit tax on oil giants; INTERNATIONAL: Five day oil rally ends as recession fears rebound; New Zealand proposes taxing cow burps, angering farmers; The world’s longest offshore gas pipeline could get the green light next year; No surprise that OPEC-plus sides with Russia over Biden in oil market.
Read More “Other Stories of Interest: Tue, Oct 11, 2022”