Congress created and chartered the Securities and Exchange Commission (SEC), but the President appoints the person who runs it. The Bidenista currently running the SEC, Gary Gensler, is a real piece of work. He wants to permanently institutionalize requirements requiring publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate…
Read More...Have we finally turned a corner? Hit rock bottom and have begun a rebound? We are referring to the Baker Hughes U.S. rig count. Last Monday, we reported the weekly rig count had finally gained a rig–the first time since June (see U.S. Rig Count Adds One Rig, M-U Drops Another Rig). However, the Marcellus/Utica…
Read More...Dominion Energy, a huge utility company headquartered in Richmond, Virginia, recently revived a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield Energy Reliability Center in the James River Industrial Center calls for building…
Read More...Last week, MDN tracked a story that developed all week long. The Freeport LNG export facility, located on Quintana Island along the Texas Gulf Coast (south of Houston), is the second largest LNG export facility currently in operation. When operating at full capacity, Freeport can export 2.1 billion cubic feet per day (Bcf/d) of liquefied…
Read More...Everyone is telling the Bidenistas at the Environmental Protection Agency (EPA) the same thing: Dump the faulty regulations you composed at the last minute that will result in closing most (if not all) of America’s natural gas-fired power plants. The latest group to tell (off) the EPA is a coalition of 87 businesses and associations…
Read More...Thanks to the good work of Pennsylvania’s Senate Republicans, residents and ratepayers across the Commonwealth have been spared a spike in their electricity rates for a seventh time. The state just missed the latest so-called Regional Greenhouse Gas Initiative (RGGI) “auction” that forces coal- and gas-fired power plants to pay obscenely high taxes to continue…
Read More...Hydrogen energy is all the rage these days–even though it’s unproven, and there’s no evidence it will ever replace natural gas as a main fuel source. Indeed, there’s plenty of evidence hydrogen will never fully replace gas (see Why 100% Hydrogen Will Never Power Your Home; Why Antis Hate H2). Wrapped up in the “hydrogen…
Read More...In April 2019, President Trump signed an Executive Order (EO) instructing the Environmental Protection Agency to review Section 401 of the Clean Water Act–the section that grants states (and tribes) the right to have a say in pipeline and other infrastructure projects (see Trump Signs Executive Order Making it Harder to Block Pipes). In keeping…
Read More...U.S. LNG exports dropped in the week ending September 13 compared to the prior week because the Freeport LNG terminal shipped only one cargo during that time. The U.S. Energy Information Administration (EIA) said in its weekly natural gas report that 18 LNG carriers departed the U.S. between Sept. 7 and Sept. 13, down by…
Read More...Jennifer Granholm, former governor of Michigan and current Secretary of the U.S. Dept. of Energy under dementia Joe, sat before Members of Congress in a hearing and lied to their faces, which is called perjury. Granholm told Congress she does not own individual shares of stocks in companies. She and her husband, in fact, do…
Read More...Yesterday, the Potential Gas Committee (PGC) released its year-end assessment of the nation’s estimated natural gas resource base, “Potential Supply of Natural Gas in the United States,” at an event hosted by the American Gas Association. Experts from the PGC presented the current state of technically recoverable reserves in the United States, providing valuable information…
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. The latest monthly report, issued Tuesday, predicts that U.S. natural gas production AND demand will rise to record highs in 2023. EIA projects…
Read More...Three days ago, the feedgas (natural gas) flowing to the Freeport LNG export facility on Quintana Island, TX, dropped to roughly 622 MMcf/d, which is 31% of the facility’s normal capacity of 2 Bcf/d (see Feedgas to Freeport LNG Dropped Last Weekend, Down 69% Yesterday). Two days ago, feedgas flows to Freeport dropped all the…
Read More...Cove Point LNG exports roughly 1.8 billion cubic feet per day (Bcf/d) of Marcellus/Utica gas from the Maryland coast. The LNG export plant was conceived and built by Dominion Energy. However, Dominion has (stupidly) decided to divest from natural gas pipelines and other ventures and sold its ownership in Cove Point to Warren Buffett’s Berkshire…
Read More...New Fortress Energy (NFE) plans to build an LNG liquefaction facility in Bradford County, PA–in the northeastern part of the state (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA). NFE’s plan is to transport LNG made at the plant by truck and rail to a loading dock on the Delaware River at…
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