WSJ Says EQT is “Failing”, DE Shaw Says EQT Mgmt “Not Up to Task”
More drama in the ongoing soap opera of EQT and the Rice brothers’ attempt to take it over. The latest items of interest: The Wall Street Journal ran an article in today’s online edition with a headline that says EQT is “failing.” And one of EQT’s biggest investors, D.E. Shaw, is telling the board that current top management “doesn’t have what it takes” to get the company financially performing again. Ouch.
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In early December, the clown judges of the Fourth Circus Court of Appeals (our name for the Fourth Circuit) put a hold on a permit issued by the U.S. Fish and Wildlife Service (FWS) that allows the 600-mile Atlantic Coast Pipeline to get built through areas with so-called endangered and threatened species (see 
Score a victory for the forces of good in (of all places), radical Massachusetts, where the administration of Gov. Charlie Baker (RINO) on Friday approved air quality permits for a natural gas compressor station in Weymouth.
West Virginia is in desperate need of jobs following decades of job losses in the coal industry (from 70,000 jobs in the 1970s to 13,000 today). WV has another great natural resource: natural gas. As coal was to WV, natgas now is.
Last week our favorite government agency, the U.S. Energy Information Administration, published a post about electricity generation that predicts that in 2019 more gigawatts of electricity will come online from wind-powered sources than either solar or natural gas. Together renewables and natgas represent 98% of all new electric generating sources coming online in 2019.
LNG is a big deal. We recently reported that New Fortress Energy (NFE) is planning to build an small LNG (liquefied natural gas) liquefaction plant in Wyalusing (Bradford County), PA in order to export Marcellus gas (see 
MARCELLUS/UTICA REGION: One year later, NYC’s climate lawsuit wastes taxpayer money to boost de Blasio’s credentials; OTHER U.S. REGIONS: How LNG exports will change Gulf Coast natural gas markets in 2019; NATIONAL: U.S. shale oil and natural gas, underestimated its whole life; Jay Inslee pledges to reject fossil fuel money ahead of climate-centered 2020 bid; INTERNATIONAL: Another crucial Canadian pipeline runs into trouble.
Bureaucracies move about as fast as the glaciers in Antarctica. It doesn’t matter where the bureaucracy is located–federal, local, or in this case, state government.
Ole Andrew Cuomo (pronounced Coo-moh by many people we know) is facing a classic Catch-22 situation. He has long promoted and earnestly wants a new arena as the home for the New York Islanders hockey team, but unless he allows a new natural gas pipeline under New York bay, he’s not going to get it.
Here’s an interesting factoid: Even with our improved fracking technology, the amount of oil and gas that stays in the ground after a well is fracked is around 90%! Yes, even on our best days we’re only extracting maybe 10% of the fossil fuels down there. Can that ratio be improved?