RGGI Carbon Tax Scheme Doesn’t Actually Cut CO2 Emissions!
The main reason Pennsylvania Gov. Tom Wolf wants to force his state (against the will of a majority of residents) to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax, is that it will supposedly cut down the state’s emissions of carbon dioxide (CO2), which is supposedly causing Mom Earth to toast (see Gov. Wolf Goes Bonkers: EO Destroying Gas-Fired Elec, Carbon Tax). An article from the leftists at POLITICO and its subsidiary E&E News network reveals a bombshell revelation. RGGI, the “nation’s first CO2 cap and trade system,” doesn’t actually lower CO2 emissions! It’s nothing more than a tax, a revenue generator so sleazy politicians can redistribute the wealth from poor people (electric ratepayers) to rich people (those who use so-called renewables and get big government handouts/incentives to do so). That’s what RGGI amounts to–a reverse Robin Hood scheme of giving money from the poor and middle class to the rich. Disgusting.
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Anti-fossil fuel zealots who irrationally hate all fossil energy, including natural gas, are beside themselves that three new electric power plants are planned for New Jersey. Two would use natural gas as their fuel source, while the third plant plans to use renewables of some kind. Yet antis are freaking out. Two of the planned plants would be for emergency/backup use only and will sit idle 99% of the time. Doesn’t matter: freak out. The remaining plant would produce 630 megawatts of electricity using Marcellus natgas, a relatively small plant (sitting next to an existing plant). Doesn’t matter: freak out. The solution proposed by the naysayers? Just go without electricity. Sit in the dark. Freeze in the winter and boil in the summer.
Europe wants to buy more American natural gas in response to the Russian invasion of Ukraine. What does it mean for Pennsylvania? The Philadelphia Inquirer tackled that question in an article on Saturday. The answer to the question of what Europe’s desire for more U.S. natgas means for PA (and by extension West Virginia and Ohio) is, “not much.” Why? Because we don’t have enough pipelines built to carry our molecules to the Gulf Coast which is where most of the LNG export plants are either already pumping out LNG, or in the process of getting built to do so. Lack of pipelines constrains our gas and holds our region back. Lack of pipelines is a big problem for both the M-U and (now) for Europe.
Pennsylvania, Ohio, and West Virginia are all scrambling to form intrastate working groups or other alliances in an attempt to be THE state chosen for one of four regional hydrogen hubs funded by the recently passed so-called Biden infrastructure bill (see 
Every now and again we find it helpful to raise our heads, take a step back, and look at the big energy picture. We in the Marcellus/Utica don’t live in a bubble, although sometimes it seems that way. What happens in other countries does, to some extent, have the ability to influence what happens in energy markets here in the northeast. The question is how much of an influence do world energy markets have on us? We spotted an article appearing in Abu Dhabi that got us thinking. We found the ideas in the article interesting. The thesis is that the world is currently in the beginning of a worldwide global natural gas crisis–and that the crisis is going to get “much worse” before it gets better. If that’s true, it has implications for us here in the M-U.
NATIONAL: U.S. gas storage emptied by exports to Europe and Asia; Price volatility and rising demand revive U.S. natural gas trading; Storing renewables in depleted oil and gas wells; Message to Biden: We need more oil, let companies produce more oil; The greatest energy mistake ever made; INTERNATIONAL: Most Brits now BACK fracking; Environmentalists are crushing Europe’s energy independence ambitions.
Last Friday the Utica Energy Alliance (UEA), which represents hundreds of landowners, businesses, community leaders and allies of the shale industry, sent a letter to the entire Ohio Congressional delegation asking the state’s Senators and Congresspeople to stand behind the U.S. initiative to support the European Union by promoting Ohio’s (and the entire Marcellus/Utica region’s) production of natural gas. The UEA says using American natgas is the only way for Europe to end reliance on Russian energy and put an end to funding Putin’s war machine. The group requested a written response from each member. Don’t hold your breath waiting for a response from U.S. Sen. Sherrod Brown.
The Barack Hussein Obama administration went crazy with over-regulation in many areas. One of them was to redefine “waters of the United States” (or WOTUS) as everything down to, no exaggeration, mud puddles (see 
Last week the Energy Workforce & Technology Council, a national trade association for the energy technology and services sector representing those who work in the technology-driven energy value chain, released data from the Bureau of Labor Statistics that show March employment in the U.S. oilfield services and equipment sector rose by an estimated 2,698 jobs to 608,702. We’re still almost 100,000 jobs down from a pre-pandemic high of 706,528, but the numbers are moving in the right direction.
According to RBN Energy, 2021 was the most profitable year in at least the last two decades for oil and gas producers (i.e. drillers). Oil and gas producers reported income two-thirds higher than the previous peak in 2014, when commodity prices were significantly higher. There’s every indication that 2022 will be even better for the bottom line of O&G companies. What about Marcellus/Utica drillers? Yep, they’re on the list of phenomenal results too.
Two weeks ago MDN brought you the news that New Fortress Energy (NFE) has withdrawn a request to extend a previously-issued permit required to build an onshore LNG liquefaction plant in Wyalusing, PA (see 
On Tuesday, Pennsylvania’s Commonwealth Court ruled that Gov. Tom Wolf’s obscene carbon tax, called the Regional Greenhouse Gas Initiative (RGGI), will not go into effect until “pending further order of the court.” What further action from the court is necessary was not disclosed. What is obvious is that Wolf’s attempt to force the state to join RGGI is now on a very long pause, until more court cases are filed. The end game (for Republicans) is to run out the clock until a new governor is elected in November (hopefully a Republican). Either that, or convince the 5-2 liberal majority of the PA Supreme Court (which is likely where this will end up) to rule against Wolf’s unilateral attempt to force the state into the RGGI compact.
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