Tennessee Gas Pipeline Announces Responsible Gas Pooling Service
Yesterday Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, filed a proposal with the Federal Energy Regulatory Commission (FERC) to implement a “responsibly sourced natural gas (RSG) supply aggregation pooling service” at select locations across the TGP system. Translation: Utilities and other buyers will be able to buy RSG certified natural gas for their customers, costing them more money.
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In the wacky world of leftists, all money earned by private companies belongs to the state, and the state beneficently allows a company to keep some of that money to pay employees and shareholders. That’s the attitude of the far left, anti-drilling group Policy Matters Ohio (PMO), which doesn’t like the current oil and gas severance tax of 2.5% in Ohio. It’s not nearly high enough to fund leftist programs, according to PMO.
Yesterday MDN told you that New York City was pointing the gun of economic suicide at its own head, ready to pull the trigger by outlawing the use of natural gas in all new buildings throughout the city (see
The nuttiest, most inept Secretary of Energy in the history of the department, Jennifer Granholm, along with the man that says in 5,000 words than anyone else says in 5 words, Secretary of Transportation Pete Buttigieg (one of the best BSers on the planet), are joining hands and skipping with glee that together they will get to spend $7 BILLION of your hard-earned, taxpayer money to deploy a national electric vehicle charging network that’s part of Biden’s so-called infrastructure bill.
While some Biden officials are bashing the U.S. domestic oil and natural gas industry, blaming them for not drilling more to ease prices, other Biden officials, like the haughty John Kerry, continue to pressure Big Banks to deny funding for oil and gas companies, which prevents them from doing more drilling. Does anyone else see the hypocrisy and contradictions in the actions of the dysfunctional Biden administration?
Hey men (and those who “identify” as men), when was the last time you checked your sperm count? Quick! Check it asap! A new study says a substantial drop in sperm counts and fertility rates over the past 50 years “could be” linked to pollution from the (gasp) burning of fossil fuels. That’s right. Burn those nasty fossil fuels and what do you get? Low sperm counts. So says…The Onion? Comedy Central? Jerry Seinfeld? Nope. So says a “study” published in the journal Nature.
MARCELLUS/UTICA REGION: Toomey backs LNG after Warren’s letter criticizing natural gas companies; NATIONAL: Of the operating U.S. coal-fired power plants, 28% plan to retire by 2035; Midstream energy firms plow soaring cash flows into buybacks; ‘You’re bulls–t!’: Manchin explodes at reporters asking about $2T Biden bill; INTERNATIONAL: Shell taps cow dung to power German trucks, cut CO2.
On Monday MDN told you about a so-called civil rights “leader”–Rev. William Barber II–who “preached” to a crowd of fellow lefties last Saturday, delivering a “sermon” aimed at pressuring the Virginia State Water Control Board to vote against issuing a permit for the Mountain Valley Pipeline (MVP) to cross creeks and swamps in the Old Dominion (see
TC Energy Corp., the former TransCanada, held its annual investor day on Dec. 1. TC owns extensive liquids and natural gas pipelines across North America, including the Columbia Gas Transmission interstate pipeline network that blankets Pennsylvania, Ohio, and West Virginia. If anyone has its ear to the ground and watching for/discerning longer-term trends, it is big pipeline companies like TC Energy. During the investor day update, one of TC’s executives, Tracy Robinson, said she expects natural gas demand in North America to grow 25% by 2030. That’s a remarkable amount of growth!
The electrical system that powers the United States is made up of individual power grids that connect with each other. Different regions have their own “grid of grids” (called a regional transmission organization, or RTO) that operates to manage the flow of electricity across the entire grid to ensure reliability. In New England, the grid operator/RTO is ISO New England (ISO standing for Independent System Operator). Gordon van Welie, CEO of ISO New England, recently had some startling and stark words about the reliability for New England’s electric grid: Get ready for rolling blackouts.
According to Robert Bradley, Jr. from the Institute for Energy Research (IER), the Biden Administration’s Build Back Better (BBB) plan is at odds with affordable, reliable energy. The so-called “largest effort to combat climate change in American history” is a bribe-and-bully program to systemically substitute inferior energies for consumer-chosen, taxpayer-neutral ones. The Biden plan is an assault on the free market system and doomed to abject failure.
There was a decent number of new permits issued across all three actively drilling Marcellus/Utica states cumulatively last week. In Pennsylvania, 19 new shale well permits were issued across the state. In Ohio, three new shale permits were issued. West Virginia issued 8 new shale permits last week, with five going to a company we had not previously heard of.
As you know, MDN monitors new shale permits in Pennsylvania, Ohio, and West Virginia by bringing you the weekly new permits issued report, typically on Wednesdays (