Shale Gas News – November 5, 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 Methane Rule, ESG investing, blackouts 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 we are going to play a segment from the Digital Wildcatters.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the November 5th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Drillers ask U.S. to exempt smallest wells from looming methane rule. Oil and gas companies have asked the Biden administration to exempt hundreds of thousands of the nation’s smallest wells from upcoming rules requiring drillers to find and plug leaks of methane, according to industry groups, despite studies showing they emit huge amounts of the powerful greenhouse gas.
  • A Windfall Profits Tax: Energy Policy for Dummies. President Biden has the worst energy policy since Jimmy Carter, so it was probably inevitable that he would disinter one of Mr. Carter’s worst ideas—a “windfall profits” tax on oil companies. Doesn’t he know that when you tax something, you get less of it?  Sorry, rhetorical question. “Their profits are a windfall of war—the windfall from the brutal conflict that’s ravaging Ukraine and hurting tens of millions of people around the globe,” Mr. Biden said Monday of oil companies reporting strong earnings this year.
  • Under Biden, America’s Oil Reserves Drop to Lowest Levels Since 1984. America’s oil reserve has shrunk to its lowest level since 1984 under President Joe Biden, reports Axios. Biden in mid-October announced that he would authorize the release of 15 million barrels of oil from the Strategic Petroleum Reserve as a way to bring down gas prices, a move some Republicans called “dangerous” and said places the United States at great risk.
  • Harvard Endowment Lost $2.3B Last Year Due to ESG Investing. ESG investing is a euphemism from the left that means divesting from fossil energy companies. ESG investing has become all the rage in recent years. We have shared a number of articles about large pension funds in places like New York City divesting from fossil energy companies. As is typical, California is way ahead of the rest of the country in this regard. The huge California Public Employees’ Retirement System (CalPERS), with $479 billion in assets under management, has been investing using ESG guidelines for more than a decade.
  • New England Facing Blackouts This Winter from Lack of NatGas.  As happens at the beginning of most winters (at least in recent years), we are beginning to see articles with warnings from the electric grid operator in New England, ISO New England Inc., that if the region experiences “an extremely cold winter,” it’s a pretty safe bet there will be electric blackouts. The region relies almost exclusively on natural gas to generate electricity. The reason there will be blackouts is due to Maura Healey. Healey is the Attorney General of Massachusetts. During her tenure as AG, Healey has blocked two different natgas pipeline projects–because she irrationally hates (yet still uses) fossil energy.
  • Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion. In December 2020, Dan Rice IV, former CEO of Rice Energy and a member of the EQT board of directors, launched a “blank check” acquisition firm, called Rice Acquisition Corp., to invest in various energy ventures. Dan found his something-to-invest-in just a few months later in the form of acquiring and merging together Archaea Energy and Aria Energy into a single company focused on providing renewable natural gas (RNG) and “green” hydrogen.

The Shale Gas News sponsored by Linde Corporation

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