Shale Gas News – February 25, 2023

shale gas news
Shale Gas NewsBill desRosiers
External Affairs Coordinator, Coterra Energy
Host, Shale Gas News

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Ukraine war, skyrocketing bills, methane emissions and much more last week.

The Shale Gas News has grown again to the Williamsport area on stations WEJS 1600 AM & 104.1 FM. The Shale Gas News is now broadcasting in Bradford, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Pike, Sullivan, Susquehanna, Tioga and Wayne Counties, as well as in greater central PA and now the Williamsport area. The Shale Gas News is aired on Saturday or Sunday depending on the station.

Every Saturday Rusty Fender, Matt Henderson and I host a morning radio show to discuss all things shale gas.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the February 25th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • 3 questions answered on the Ukraine war’s impact on energy. Before Russia invaded Ukraine, plans to cut carbon emissions were everywhere.  President Joe Biden took office in 2021 saying he wanted to decarbonize the U.S. electric grid within 15 years.  At the COP 26 climate summit in Scotland, countries pledged to cut fossil fuel use and roll back oil and gas subsidies. Ice storms, wildfires and hurricanes added global urgency to act.
  • Why energy bills skyrocketed in the U.S. West. Politicians across the U.S. West are vowing to take action after high home heating and electricity bills left some consumers paying triple their normal amounts this winter.  Surging prices afforded politicians like Colorado Gov. Jared Polis (D) a chance to tout his state’s move away from natural gas, while California Gov. Gavin Newsom (D) called on federal regulators to investigate market manipulation.
  • Oil and gas industry could slash methane emissions by 75% with barely a hit to income, says IEA. The energy industry is not making sufficient efforts to reduce its methane emissions, according to a new report from the International Energy Agency. Carbon dioxide is the largest contributor to global warming. But while CO2 is 200 times more present in the atmosphere than methane and lasts a lot longer, methane’s warming effects are around 85 times as strong, and it’s contributed 30% of the rise in global temperatures since the Industrial Revolution.
  • ChatGPT confession: Global warming? Not much since 2016. The popular artificial intelligence bot ChatGPT was forced to admit that global warming has flattened in recent years after asserting there has been an increase in temperatures.  Junk Science founder Steve Milloy published a lengthy exchange he had with ChatGPT beginning with the simple question, “Is CO2 warming a hoax?” ChatGPT was quick to say “no,” telling Milloy, “It is widely accepted scientific fact” that human activity has fueled CO2 emission into Earth’s atmosphere.
  • Column: Oil and gas mini-slump all part of a cycle. Oil and gas prices are in another mini-slump, nearly three years after they were hit by the first wave of the COVID-19 pandemic in North America and Western Europe.  But the latest downturn is part of a cycle in manufacturing activity and energy prices that has repeated with an average duration of three to four years since the early 1990s.
  • Freeport Gains Federal Approval for Restart, but Not Before Natural Gas Futures Fall Further. Fresh off a week of mostly steady declines, natural gas futures extended their losses on Monday as springlike weather blanketed much of the Lower 48. With production strong and a storage surplus set to grow in the coming weeks, the March Nymex gas futures contract settled at $2.073/MMBtu, down 20.2 cents from Friday’s close.

The Shale Gas News sponsored by Linde Corporation

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