If we had a nickel for every peak oil prediction we’ve reported on over the years, we’d be rich! Every few months, somebody comes along to say that either oil production or oil demand is heading for a decline…real soon now, any day, it’s inevitable. And they list their reasons why we’re hitting peak and…
Read More...We happened to come across two articles casting doubt on so-called “green” hydrogen, both from far-left media outlets (Bloomberg and POLITICO). Which kind of surprised us. The left believes hydrogen is the savior that will move the world to net zero carbon emissions and finally drive a stake in the heart of fossil energy. But…
Read More...click for larger version Researchers at the University of Wyoming published a study in the journal Environmental Science & Technology yesterday that addresses resource, environmental, economic, policy, and societal issues related to low-carbon hydrogen production by steam methane reforming with carbon capture and storage in Wyoming and other natural-gas-rich states (like Pennsylvania, Ohio, and West…
Read More...Once a month, the 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. What did the October 2024 STEO, issued yesterday, show? EIA’s analysts believe U.S. natural gas production will decline in 2024 while demand…
Read More...According to Reuters, natural gas has supplied a record high of 46% of total power generation since June, according to data from LSEG. Power generators are boosting output from all sources (including unreliable renewables) to meet rising power demand. However, they are using natural gas the most. Most of the grid operators in the U.S….
Read More...Four weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see Rig Bloodbath Continues – Pennsylvania Loses 7 Rigs in 3 Weeks). As we reported, Pennsylvania was losing rigs, bleeding rigs, like crazy—four rigs gone in two weeks’ time. And West Virginia was gaining those lost rigs. PA’s rig…
Read More...Colder weather and increased demand will place slight upward pressure on natural gas prices compared to last winter, the Natural Gas Supply Association (NGSA) said last Thursday in its 24th annual Winter Outlook forecast of the wholesale winter natural gas market. NGSA also projected higher-than-average storage, record production and supply, and modest GDP growth this…
Read More...Two days ago, MDN told you about a Congressional investigation looking into the Department of Energy’s use of a prematurely released “study” as an excuse to “pause” (i.e., ban) new LNG export approvals (see Congress Probes Role of Bob Howarth Study in DOE LNG Pause). Cornell professor Robert Howarth, using money from the anti-fossil fuel…
Read More...Pennsylvania General Energy (PGE) wants to install a tiny 3.7-mile gathering pipeline in Lycoming County, PA, to connect several PGE wells to the Transco pipeline system, along with two 8-inch water pipelines of about the same length (see Lycoming County Gathering Pipe in the Crosshairs of Anti Groups). The Pennsylvania Dept. of Environmental Protection (DEP)…
Read More...Three weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see Rig Bloodbath Continues – Pennsylvania Loses 7 Rigs in 3 Weeks). As we reported, Pennsylvania was losing rigs, bleeding rigs, like crazy—four rigs gone in two weeks’ time. And West Virginia was gaining those lost rigs. Two weeks…
Read More...click for larger version Last week, the U.S. Energy Information Administration (EIA) published an interesting post about “net” natural gas exports, which is a number calculated by deducting both pipeline and LNG exports by incoming pipeline imports (from Canada) and any incoming LNG imports (to Boston). The EIA found that in the first half of…
Read More...Two weeks ago, the national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the biggest weekly gain in a year. As we told you, the Marcellus/Utica rig count from two weeks ago remained at 33, but that wasn’t the whole story (see…
Read More...In a statement issued last week, the North American Electric Reliability Corporation (NERC) said it “remains concerned about maintaining sufficient natural gas supplies to address extreme winter conditions” for this upcoming winter heating season. In a “Statement on Criticality of Natural Gas this Winter” (full copy below), NERC noted that next month marks the one-year…
Read More...Net-zero energy policies in the Pacific Northwest will produce staggering (“crippling”) costs to individuals and businesses without providing any meaningful environmental benefits, warns a monumental new research report from Discovery Institute’s Reasonable Energy program. “The effects on your monthly electric bill are going to absolutely devastating,” says economist and report author, Jonathan Lesser. “The average…
Read More...Hidden in last Friday’s weekly Baker Hughes official rig count is a big story happening in the Marcellus/Utica. From the 30,000-foot level, Friday’s latest rig count report appeared just fine. The national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the…
Read More...