We’ve been tracking the daily price of the NYMEX December futures contract at the South Louisiana Henry Hub on and off for the past few months. Yesterday it closed down again, at $2.86/Mcf (or MMBtu). However, the “spot price” for gas–actual physical gas bought and sold at various trading points along pipelines–has all but crashed
Read More...Joe Biden and Kamala Harris have been declared the victors of the election (prematurely) by the Democrat mainstream media. President Trump is rightly challenging massive voter fraud and “software glitches” in vote tabulating software used in 28 states (which you won’t read about in Democrat media). So it’s not over yet. However, let’s assume Biden/Harris
Read More...That didn’t take long. Following the Democrat media’s declaration Biden won (even though the election has not yet been certified), Biden released a new energy “transition” plan–this morning. In the plan, Biden calls for cutting natural gas usage nationwide by electrifying everything and eliminating all “non-carbon” power production. His minions are gushing about how Biden
Read More...Radical anti-fossil fuel groups have not given up hope they can somehow, at the last minute, block the $10 billion Shell ethane cracker plant (about a year from being completed) from ever starting up. Perhaps Biden’s “victory” has given them a little boost of irrational exuberance? In 2015 the Pennsylvania Dept. of Environmental Protection (DEP)
Read More...Pennsylvania Gov. Tom Wolf and his Dept. of Environmental Protection (DEP) continue to push a plan that will raise Pennsylvania residents’ electric rates by 50% or more, a carbon tax plan called the Regional Greenhouse Gas Initiative (RGGI). The DEP will conduct 10 three-hour virtual public hearings between Dec. 8 and 14. There will be
Read More...In something of a surprise for us, last week as the election returns continued to roll in and votes were counted (or miscounted, in a number of cases), President Trump demoted or fired several top agency heads. One of them was at the Federal Energy Regulatory Commission (FERC). Trump demoted FERC Chairman Neil Chatterjee and
Read More...After a shareholder vote scheduled for next Thursday, Nov. 12, Montage Resources will be no more. The company is selling itself to Southwestern Energy in an all-stock deal worth $857 million (see Stop Press! Southwestern Energy Buying Montage Resources for $857M). Yesterday Montage issued what will be its very last quarterly update. What does the
Read More...The radicalized Pennsylvania Environmental Defense Foundation (PEDF) never gives up. In June 2017, the PEDF won a case at the PA Supreme Court by the skin of their teeth (see PA Supreme Court Hands Antis Partial Victory re State Land Drilling). The case dealt with the narrow issue of how PA can spend revenue raised
Read More...The Sierra Club, backed with money from Russia (see Anti-American Sierra Club, NRDC Get Funding from Russia), has filed yet another lawsuit attempting to block construction of the final 8% of Mountain Valley Pipeline (MVP) by asking the courts to overturn the latest permit issued by the U.S. Fish and Wildlife Service (FWS).This post appeared
Read More...Last week we were jazzed when noticed the price of natural gas at the NYMEX Henry Hub had soared, up over $0.30 to $3.30/Mcf (see NYMEX Henry Hub NatGas Price Shoots Up to $3.30 for December). Apparently what goes up that quickly can down just as quickly. Yesterday the price closed at $3.05/Mcf. Why?This post
Read More...Here’s something we didn’t know (to further depress us): It’s not against the law for American-based nonprofits to accept big contributions from foreign entities. It should be against the law, but it’s not. We previously told you that the Sierra Club and National Resources Defense Council (NRDC) are funded, in part, by Russia (see Anti-American
Read More...During the Williams third-quarter 2020 update yesterday, CEO Alan Armstrong shared some very interesting, and relevant (to the Marcellus/Utica) comments. Armstrong said that two important pipeline projects to carry M-U gas to other markets, the Southeastern Trail expansion project and the Leidy South project, are both in the midst of coming online–ahead of schedule.This post
Read More...Equitrans Midstream, the lead partner and builder of the 303-mile Mountain Valley Pipeline (MVP) project, announced yesterday it has (once again) pushed back the in-service date for the pipeline, from 1Q21 to the second half of 2021 (meaning by December), and pushed up the cost of the project, from $5.4 billion to as high as
Read More...We’ve written plenty about a plan by New Fortress Energy to build an LNG liquefaction plant in Bradford County, PA (northeastern part of the state), and then haul the LNG from the plant via specially-outfitted trucks and rail cars to a transloading dock/port facility New Fortress plans to build at an old DuPont dynamite factory
Read More...Mass. AG Maura Healey Corrupt Massachusetts Attorney General, Maura Healey, is forcing Tennessee Gas Pipeline (TGP) to pay the state $800,000 for alleged violations of environmental laws that happened three years ago while building a couple of miles of pipeline through a state forest. The “damage” was done in 2017. Does Healey have nothing better
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