Shale Gas News – June 18, 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 big oil surtax, Permian Basin, energy decisions 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 played part 2 of the coverage from the most recent Think About Energy – Berks County and Its Place on the World Energy Stage.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the June 18th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Biden is under pressure on gas prices. So he’s putting pressure on oil companies. Under intense political pressure to address soaring gasoline prices, President Biden is trying to push the nation’s largest refiners to do more to boost supplies and lower prices.  In a letter to the companies on Wednesday, Biden said refiners are taking advantage of the crisis, seeing record-high profit margins at a time when inflation has soared and families are finding it hard to afford to fill up their cars.
  • Biden ally pushes Big Oil surtax to eliminate ‘perverse’ incentives to price gouge.  Democratic Sen. Ron Wyden is drawing up a surtax on Big Oil that would seek to rein in the industry’s skyrocketing profits at a time when gasoline prices are at record highs. Wyden, an Oregon Democrat who chairs the Senate Finance Committee, is floating a 21% surtax on the excess profits of oil and gas companies that generate more than $1 billion in revenue, according to a spokesperson for the senator.
  • 14 Republican-led states demand Biden restore large domestic oil and gas lease amid ‘energy crisis’ – Fourteen Republican-led states filed a brief with a federal appellate court in a case regarding President Biden’s cancellation of a large domestic oil and gas lease as fuel prices continue to rise. Last month, the Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior (DOI).
  • Feds again delay New Mexico Oil and gas land sale. A sale of public land in southeast New Mexico’s Permian Basin to the oil and gas industry was delayed again by about a week by the federal Bureau of Land Management, amid criticism that the federal administration’s energy policy was harming American consumers. Environmentalists were also critical of the administration of President Joe Biden for scheduling the sales, after the President during his term and along the campaign trail vowed to reduce pollution caused by extraction in the U.S.
  • No easy answers on reducing U.S. gas prices, despite political ads’ claims. As they campaign to win election in November, Republicans are blaming Democrats for record-high gas prices, and Democrats are shifting the blame to oil companies. Florida Republican Marco Rubio used a 39-second video ad that attacked the most prominent roadblock to his re-election, Democratic Rep. Val Demings. It featured news clips about high prices at the pump.
  • The Wrong People Are Making Our Energy Decisions. This has been a week when a rift seemed to develop among global political leaders regarding the “incredible” energy transition agenda. It’s a rift that once again shows us that political elites who don’t have to suffer the consequences of their own policy actions are the wrong class of people to be in charge of making energy-related decisions for the masses.

The Shale Gas News sponsored by Linde Corporation

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