Tariffs threaten to turn American chemical dream into nightmare

Ohio River Corridor

Tariffs threaten to turn American chemical dream into nightmare

U.S. companies had prepared to competitively supply chemicals and plastics to China just as the Asian country was set to become the world’s biggest retail market. Now tariffs raise questions on whether investment to add chemical export capacity can remain viable. × United States chemical companies spent a decade investing to turn plentiful new gas

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Chesapeake looks to sell Haynesville assets

Comstock Resources is in talks to purchase Chesapeake Energy Corp’s Haynesville shale assets in Louisiana, according to Reuters, who cited sources familiar with the matter. If the companies can come to a concrete agreement, the deal could be worth more than $1 billion. At this time, Comstock and Chesapeake have settled on a basic structure

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U.S. Natural Gas Leads All Energy Sources in Carbon Emissions Reductions

The world’s leading producer of natural gas continues to utilize this abundant resource as the favored choice for new electricity generation, aiding in the fight against climate change. The shift in the United States to building more natural gas power plants has led to the reduction of more than 2.8 million metric tons of carbon

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RGGI for Pennsylvania? Are You Kidding, Governor?

Tom ShepstoneShepstone Management Company, Inc. … …  RGGI for Pennsylvania? Well, that’s what Governor Tom Wolf wants, but it makes no sense at all when you look at the facts on and what we’ve done without it. Tom Wolf wants us in the Regional Greenhouse Gas Initiative (RGGI), a multi-state group designed to produce as

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Court Finds Tony “the Tiger” Ingraffea Clawless and Toothless

Tom ShepstoneShepstone Management Company, Inc. … …  Pennsylvania’s Commonwealth Court has found Tony “the Tiger” Ingraffea wasn’t a credible witness in a case ginned up by the Heinz Endowments. He’s clawless! Two and one-half years ago we ran a guest post from our buddy Jim Willis about how Heinz Endowments shills such as the Clean

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Gulfport Fires 13% of Workers, Ends Stock Buy-Back, Board Changes

Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), concentrates its drilling in the Ohio Utica and the Oklahoma SCOOP plays. A few weeks ago the company announced they are shopping some of their non-operated assets in the Ohio Utica (see Gulfport 3Q – Looking to Sell Non-Operated Utica Assets).

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PA One of Two Finalists for “Massive” Ethane Storage Hub

The Appalachia Development Group (ADG) is leading an effort to build a ~$3.3 billion NGL storage hub in Appalachia. From the start, the thinking has been the storage hub would be located somewhere in West Virginia (see WV’s US Senators Lead the Charge to Build $10B NGL Storage Hub). But what’s this? ADG Chairman and

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More M-U Gas to Missouri? MoGas Floats Plan to Expand Pipeline

Some Marcellus/Utica gas flows all the way to the Midwest, to markets that include Chicago and St. Louis. Last week we reported that the Spire STL Pipeline is ready to begin service, connecting to the Rockies Express (REX) pipeline to flow M-U gas to the St. Louis area (see Spire Pipeline Ready to Flow Marcellus/Utica

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Anti Group Loses Yet Another Penn Twp (PA) Frack Ban Case

A leftist anti-fossil group calling itself Protect PT, in Penn Township (Westmoreland County), PA, backed with big money from Big Green groups, continues to sue in an effort to block shale drilling in the township. And they keep losing their lawsuits. Protect PT has launched multiple challenges to a local Penn Township ordinance which allows Apex

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Ohio’s Non-Drilling Counties Look to Profit from Utica Shale Too

Drilling is great for local counties when it arrives. Especially for the “supply chain” in those counties–companies that sell goods and services to drilling companies. Everything from retail to convenience stores to restaurants to hotels to trucking companies and more. But what about businesses in nearby counties without any drilling activity? Is there any way

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Trump Talks Energy Progress at the New York Economic Club

Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. . .. President Donald Trump made some interesting remarks at the New York Economic Club last week and laid out the Trump vision of energy progress, which is pro-shale. Last week, President Trump delivered a pro-energy speech at the Economic Club

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Marathon Petroleum to split from Speedway

Despite recent statements to the contrary, Marathon Petroleum Corp. has announced plans to “spin off its Speedway gas-station business,” according to The Columbus Dispatch. It will also be replacing CEO Gary Heminger, who will retire next year. Buckling under pressure from investors, Findlay-based Marathon confirmed its new direction at the end of October, along with

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U.S. Petroleum Exports Exceed Imports for the First Time Ever

For the first time in history, the U.S exported more petroleum products to overseas markets than it imported in October, according to the Energy Information Administration’s recently-released “Short-Term Energy Outlook” It represents an historic shift as the United States solidifies its role as an oil and natural gas powerhouse that’s able to provide for its

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Fate of PennEast unclear following court decision

The U.S. Third Circuit Court of Appeals delivered a major setback to the PennEast pipeline project, refusing the company’s bid to rehear a case involving eminent domain of state-owned lands, according to Kallanish Energy. The decision means PennEast Pipeline LLC is running out of options to build the $1.2 billion pipeline to move Marcellus Shale

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IEA: U.S. To Dominate Global Energy Markets through 2030

The United States will overtake Russia as the world’s leading producer of oil and natural gas, reshaping global markets, and bolstering national security, according to the International Energy Agency’s 2019 World Energy Outlook. Going all the way up According to the report, the United States will account for a staggering 85 percent of the world’s

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