Industry News

ESG Investment Funds Crashing & Burning – $5.1B Gone in U.S. 4Q

Amid all the bad news of the constant attacks by the Bidenistas against fossil energy (see today’s lead story about Biden attacking LNG), here is a story to warm your heart on a cold January day. So-called ESG funds set up to invest in companies that proclaim fealty to Environment, Social, and Governance (ESG) practices…

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Other Stories of Interest: Fri, Jan 26, 2024

OTHER U.S. REGIONS: Rob L. Jones elected board chair of Spire Inc.; NATIONAL: Three dozen climate models have ALL failed in predicting warming; Fossil fuels (not renewables) remain real engine for economic growth; Natural gas production fell unevenly during recent winter freeze; INTERNATIONAL: Energy info has never mattered more, it’s time to reform IEA. Please…

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US Gas Producers’ Growth Tied to Export Markets

Over 70 U.S. gas producers supplying Cheniere Energy’s liquefaction facilities Gulf Coast liquefaction facilities understand the link between export markets and their success, the company’s executive vice president and chief commercial officer Anatol Feygin said. This post appeared first on Hart Energy.

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Activist Investor Attacks Diversified, Tries (Fails) to Tank Stock

Ever heard of short selling? It’s a trading strategy of speculating on a stock’s decline in price. According to Investopedia, “In short selling, a position is opened by borrowing shares of a stock, bond, or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing…

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Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals

Two weeks ago, MDN warned you that the Bidenistas were conducting a secret “review,” being led by the Department of Energy (DOE), to evaluate whether regulators should consider mythical “climate change” when deciding whether a proposed natural gas export project meets “the national interest” (see Bidenistas Look to Block Authorization of New LNG Export Projects)….

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PA DEP Approves Shale Wastewater Injection Well in McKean County

Here’s a story that escaped our radar…until now. Catalyst Energy, Inc., proposes converting an existing gas production well on Route 646 in Cyclone (Keating Township in McKean County, PA) into a shale wastewater injection well. The well would handle up to 30 truckloads of wastewater per day. The prospect of the traffic and location near…

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OH Supremes Revive Lawsuit Against ODNR for Closing Injection Well

Here’s a story we haven’t written about in over three years. American Water Management Services (AWMS) owns a wastewater injection well in Trumbull County that supposedly caused a low-level earthquake (that nobody could feel) in 2014. Actually, there are two injection wells located at the site, both operated by AWMS. They were both “temporarily” shut…

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2019 NY Enviro Law is Blocking New Oil & Gas Drilling, as Designed

In June 2019, the New York State legislature passed a horrific “energy” bill that was later signed into law by Gov. Andrew Cuomo (see New York Pulls the Trigger, Commits Energy Suicide with New Law). The new Climate Leadership and Community Protection Act (CLCPA) law limits carbon dioxide emissions to zero (an impossibility) by 2050….

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US NatGas Production Hit New All-Time High in December Led by M-U

The U.S. Energy Information Administration (EIA) is reporting U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet per day (Bcf/d) in December 2023. In 2023, Lower 48 dry natural gas production increased 3.7% (3.6 Bcf/d) from 2022. Dry natural gas production increased 3.8 Bcf/d…

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