Shale Gas News – July 2, 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 climate plan, fossil fuels, LNG project 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 Ty Yost , Assistant to the Executive Director for District Services at Luzerne Intermediate Unit 18.

shale gas news

The Shale Gas News, typically, is broadcast live. On the July 2nd show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Biden administration report shows massive fossil fuel industry job losses. The Biden administration published its annual U.S. Energy and Employment Report (USEER) Tuesday, showing large fossil fuel industry job losses. The Department of Energy (DOE) report found that the fuels technology sector experienced job losses totaling 29,271 jobs in 2021, a 3.1% year-over-year decline, with the majority coming in the fossil fuel industry.
  • U.S. retreats from pledge to end gas investments. Dozens of countries rallied around phasing out fossil fuel financing during global climate negotiations seven months ago. Yesterday, those efforts were weakened by the world’s most powerful economies. The shift illustrates how the fear of losing access to energy imports — due to Russia’s war against Ukraine — is testing the commitment of countries that have been among the most vocal advocates of curbing climate change.
  • Gas prices decline in the U.S. for a second straight week as oil costs fall. American motorists are getting a measure of relief at the gas pump, with the cost of filling up sliding for a second consecutive week as oil prices tumble. The national average on Tuesday stood at $4.88 for a gallon of regular, down nearly 9 cents from a week ago, according to AAA. Worries about the rising risk of a global recession has reduced demand for oil, with the price of crude falling to around $107 a barrel from $110 last week, the travel club noted in a news release on Monday.
  • Biden’s Oil-Gas Lease Plan Challenged by Environmental Groups. Environmental groups sued the Biden administration to block its revival of plans to allow new oil drilling on public land in western states.  The Sierra Club, Center for Biological Diversity and eight other national and regional environmental groups said the administration’s plan to sell 173 oil and gas leases violates the US environmental laws.
  • Supreme Court deals Biden climate agenda serious blow with EPA decision. The Supreme Court dealt a significant blow to the Biden administration’s climate change agenda, ruling Thursday that the Environmental Protection Agency cannot pass sweeping regulations that could overhaul entire industries without additional congressional approval. The 6-3 decision limits how far the executive branch can go in forcing new environmental regulations on its own.
  • DOE: Major LNG project ‘would not increase’ CO2.  A proposed liquefied natural gas project in Alaska would not raise greenhouse gas emissions, according to a new federal environmental review that assumes LNG exports elsewhere will continue to meet demand even if the planned pipeline and terminal aren’t built. The draft supplemental environmental impact statement was originally seen as a hurdle for the project, which includes building 800 miles of pipeline and an export facility in Nikiski, Alaska, to move LNG to primarily Asian markets.

The Shale Gas News sponsored by Linde Corporation

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