Shale Gas News – July 16, 2022

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 Biden’s Saudi trip, expensive oil, climate bill 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.  This week, as a guest, we had Carl A. Marrara, Executive Director of the Pennsylvania Manufacturers’ Association.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the July 17th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • The Era of Expensive Oil Is Here to Stay. On July 6 the global benchmark for oil slid below $100 a barrel for the first time since April, raising the hopes of politicians, business owners, and drivers around the world that the days of high fuel prices were coming to an end. We’re not there yet. In fact, the underlying dynamics of oil supply and demand point to a prolonged period of higher prices, lasting months if not years.
  • What Does Joe Biden Have Against Domestic Oil Production? President Biden wrote an op-ed in the Washington Post to stress that he isn’t going to beg for oil. In fact, the op-ed hardly mentions energy at all. The Biden White House, however, has begged OPEC+ for more oil for the last year, the high price of gasoline is the number one issue for likely voters, and voters are blaming Biden for high gasoline prices. Of course, energy is an important part, or even the most important part, of Biden’s trip to the Middle East.
  • What Biden’s Saudi trip says about U.S. climate efforts. President Joe Biden heads to Saudi Arabia this week on a visit that exemplifies how much his administration’s approach to climate change has been rattled by shifting geopolitics and a spike in global energy prices.  On the campaign trail, Biden pledged to make the oil-rich nation a pariah over the 2018 killing of journalist Jamal Khashoggi. And at global climate talks last year, Biden said high energy prices only reinforced the urgent need to “double down on clean energy deployment” to prevent overreliance on one source of power.
  • Biden weighs breaking climate pledges to win Manchin’s support on bill. In the past week and a half, the White House has taken steps that would have been considered unimaginable when President Biden first took office, suggesting that it might greenlight drilling plans in Alaska and the Gulf of Mexico that would produce hundreds of millions more barrels of oil.
  • Natural gas could power new chapter in manure-to-energy.  At a few pennies per kilowatt-hour, farmers don’t make much from the electricity they generate from cow manure. So producers like Jason Burroughs are turning to markets clear across the country to sell a more promising type of power: renewable natural gas.  “I think farms have a big opportunity to be part of the solution, basically from a lot of what we do every day,” said Burroughs, who installed a $2.5 million anaerobic manure digester on his farm in New York’s Finger Lakes region about 20 years ago, thinking he’d have a side hustle as an electricity generator.
  • Inflation report makes Manchin ‘very cautious’ on climate bill. West Virginia Democratic Sen. Joe Manchin sounded a note of caution yesterday on reconciliation talks after another round of high inflation numbers, raising the prospect of a narrow package that only includes drug pricing provisions. “It depends on if we can look at things and find a pathway forward that’s not [inflationary],” Manchin told reporters. “We know what we can pass. It’s basically the drug pricing on Medicare.”

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – July 16, 2022 appeared first on Natural Gas Now. This post appeared first on Natural Gas Now.