NY Gov Hochul Delays Decision on Seneca Lake Crypto Gas Plant

New York State has become aggressively hostile to any business remotely connected to fossil fuels. NY is openly prejudiced and discriminates against oil and natural gas companies. In May 2021 we told you about a “bitcoin miner” that uses natural gas to produce electricity to power some serious computers (see Upstate NY Bitcoin Miner Faces Opposition from Enviro-Left). Even though the company is doing its best to atone for its “sin” of using natural gas via buying indulgences (aka carbon offsets), environmentalist wackos oppose the facility located in Dresden (Yates County), near beautiful Seneca Lake (see Upstate NY Bitcoin Miner Defies Enviro-Left, Operates NatGas Plant). The state Dept. of Environmental Conservation (DEC), under the direction of Gov. Kathy Hochul, has just delayed a final decision about reissuing a Title V Air Permit to operate until June 30th, which happens to be two days after the gubernatorial primary on June 28th.
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In March the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, said it will begin to force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see
We keep hearing how much Joe Biden now loves natural gas. He promised Europe the U.S. would send the Continent an extra 15 bcm (billion cubic meters) of natural gas this year (see
Yesterday the Pennsylvania State Senate failed to override a veto of Gov. Tom Wolf of a resolution that would have stopped PA from entering the so-called Regional Greenhouse Gas Initiative (RGGI), an obscene carbon tax scheme. The override failed by a single vote. Wolf’s patsy, Dept. of Environmental Protection Secretary Pat McDonnell, gushed that he was “pleased” with the failure of the override. What happens now? A lawsuit lingers that can still block RGGI, but if that doesn’t work, PA residents will begin paying MUCH higher rates (a new tax) for their electricity beginning July 1st.
We keep hearing how the Bidenistas have softened their hardcore opposition to natural gas (and all fossil energy) given the war in Ukraine. We hear words mouthed by the administration, and Biden himself, that seems to indicate maybe, just maybe, the administration will stop its targeting of natural gas–at least for a while. And yet the actual actions we see coming from the administration, like the actions of the Bidenistas at the Federal Energy Regulatory Commission (FERC), say otherwise. Example: Biden’s FERC recently released a draft environmental impact statement (EIS) for the Commonwealth LNG export facility located in Louisiana (full copy below). The draft EIS says the facility will have “significant impacts” on so-called “environmental justice communities.” That’s a loud and clear signal that this much-needed LNG project will have trouble getting approved by the hardcore leftists at Biden’s FERC.
You can’t escape mainstream media, and even many in the oil and gas industry, talking about hydrogen. The word is whispered in hallowed tones like a magic talisman. The “future of energy” is (shhhh) hydrogen, we are told. Even anti-fossil fuel cultists love hydrogen, albeit they are prejudiced–they only like certain colors of hydrogen (see
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In January a new bill was introduced in the West Virginia Senate requiring the entire state government, all of the various state agencies and governmental departments, to stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies (see
RBN Energy took the opportunity of Joe Biden’s big announcement last week (that he will release 1 million gallons of oil per day for the next 180 days) to revisit plans by 40+ crude and natural gas producers for 2022. How much will they spend on drilling this year? And how much will they produce this year? The RBN analysis, especially for the gas-focused sector (largely Marcellus/Utica companies) sees a rise in capital expenditures for drilling this year, but production itself is not predicted to rise all that much. For M-U companies, capex is predicted to increase by 32%, but production only by 10%. However, both of those numbers are somewhat misleading and overestimated.
In July 2020 Dominion Energy announced it was canceling the Atlantic Coast Pipeline (ACP)–a 600-mile Marcellus/Utica pipeline project from West Virginia through Virginia and into North Carolina (see
Two weeks ago MDN brought you the news that New Fortress Energy has withdrawn a request to extend a previously-issued permit required to build an onshore LNG liquefaction plant in Wyalusing (Bradford County), PA (see 
On Monday MDN brought you big news from Bloomberg that Gulfport Energy is in talks with Ascent Resources to merge (see