Powered by Max Banner Ads 

Did Governor Wolf’s Tax on Natural Gas Scare Away Foxconn?

Gas Exports - GordonTomb Reports Gordon Tomb
Senior Fellow, Commonwealth Foundation for Public Policy Alternatives

 …

 

Foxconn, a Taiwanese electronics manufacturer, who was considering PA for a new plant, may have had a change of heart due to Governor Wolf’s tax record.

The governor of Wisconsin and industry statistics provide Pennsylvania House Republicans more reasons to resist proposals for a new tax on natural gas producers.

In a report by international consulting firm PwC, Pennsylvania is listed behind only Texas, California and Oklahoma for total employment (322,600 jobs) from the oil and natural gas industry in 2015. Income from the industry was reported as $22.9 billion, more than five percent of the state total. The value added to Pennsylvania’s economy is put at $44.5 billion, according to the report sponsored by the American Petroleum Institute.

Continue reading

The Baptists and the Bootleggers: Why Both Call for More Regulation

FractivistsK.J. Rodgers
Crownsville, Maryland  

….
…. 

Different groups have different reasons to call for more regulation hurdles for the gas industry, but they share the same self-serving goals. 

This year is full of controversy and divisional lines. We are all being held to pick a side and stand fast for this or that and it is very tiring. When you take a step back, you often see very different groups scheming together for their own gain.

Continue reading

Hard Lesson: Some in Pipeline Industry Play Into Enemy Hands

"Environmentalists" - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The pipeline industry has received a hard lesson about how not to play into the hands of its most vicious enemies who saw opportunity and grasped it.

Venezuelan President Nicolas Maduro, a modern day Dante, seems intent on inflicting on his people ever deeper stages of hell.  The next will be a likely sovereign debt default.  Since the sham plebiscite chose a new Constitutional Assembly, Venezuela’s currency has tanked, increasing the pain felt by ordinary citizens.  A sovereign default will make it much more difficult for Venezuela to sell its oil, the one asset it has left.

As I’ve written numerous times, it all comes down to the junior officer corps of the Venezuelan military.  They are the ones who haven’t stashed huge amounts of cash abroad yet must order their troops to fire on starving Venezuelans.  Will they continue to do so?  Will they agree to change from firing mostly tear gas at the citizens to live ammunition?   If so why?

Under these circumstances, the shale revolution gives us the benefit of time.  Oil prices are not gyrating wildly. Thanks to shale, we have the option of sitting back, doing nothing, letting Maduro self-destruct, and quietly working with the junior officers.  It may not work, but it’s a much better position to be in than one in which our entire economy, and that of the world, were facing a crisis similar to the 1973 or 1979 oil shocks.

Back in Pennsylvania, last week saw a significant development whose repercussions may be felt for years.  For the gas industry, it is entirely a self-inflicted wound.

Continue reading

Choosing Poorly: South Australia Pays for Renewables PC

SolarInstitute for
Energy Research

….
….  

South Australia, is now paying a heavy price for its political correctness on renewables as electricity prices skyrocket while natural gas goes undeveloped.

As of July 1, 2017, electricity prices in the state of South Australia are the highest in the world, exceeding Denmark’s due to price increases of between 15.3 and 19.9 percent by its three major electric utilities. In nearby New South Wales the problem is not much better, with more than 60,000 households at risk of having their power cut off because they cannot afford the bills.

Continue reading

Dimock Fractivists Do Weapons Grade Deflection and Obfuscation

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

… 

Unbelievable as it may be, fractivists are trying to pull their Dimock tale out of the dustbin of history by defending a “weapons grade” uranium charge.

It’s time to do one of those “you can’t make this stuff up” stories. This one, predictably has to do with Dimock, the original tall tale of fracking. It grows out of the response to my “Pigs to Rigs” post about Cabot’s suit against pig farm lawyer Charlie Speer and his client; junkyard plaintiff Ray Kemble.

The article brought numerous cheers from Susquehanna County residents and others familiar with the saga who were thoroughly pleased to see the tables turned on the not-so-funny jokers in their midst. Media types, apparently tired of trying to make something serious out of wild Craig Stevens, Ray Kemble and Vera Scroggins accusations, mostly shrugged it off.

But, one hard-core fractivist by the name of Hope Forpeace (real name) thinks the “Pigs to Rigs” lawsuit is somehow a fatal mistake for Cabot and the industry. Her rationale? Cabot really did pollute Dimock wells with “weapons grade uranium.”

Continue reading

Conflicted Delaware Riverkeeper Blithely Ignores the Rules

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

… 

The Delaware Riverkeeper is flaunting tax-exemption and other rules and those agencies who entertain the group themselves become conflicted at every turn.

The Delaware Riverkeeper would not exist but for the funding of the Haas, Heinz, Rockefeller Wallace families who aim to make a wilderness of as much of the Northeast as they possibly can. It is the political arm of the William Penn Foundation which, as a private foundation, shouldn’t be engaged in any politics (lobbying) whatsoever but, by handing mega-grants to the Riverkeeper exercises does so in a major way.

There are rules supposedly governing both the foundation and the Delaware Riverkeeper, who are treated as tax-exempt charities both with respect to their operations and the donations made to them by others. Those rules, and others, are blithely flaunted and tie up anyone who deals with the organization into knots. It’s time it was investigated in a serious way.

Continue reading

Shale Gas News – August 12, 2017

shale gas news - desRosiers_headshotBill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

 

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM and 1510 AM, talked about the solar eclipse, exports, the Atlantic Sunrise and much more last week.

Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as a guests, we had David J. Spigelmyer, president of the Marcellus Shale Coalition (MSC) and Rob Boulware of Seneca Resources Corporation.

Continue reading

Pennsylvania One of Top Oil and Gas States (Again)

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

… 

The petroleum industry began in Oil City, Pennsylvania and, today, it is, once again, one of the top oil and gas states, thanks to the shale revolution.

The National Transit Building in downtown Oil City, Pennsylvania, is where it all really began. John D. Rockefeller had a small corner office on the upper floor and it was anything but extravagant, but from there the industry spread around the world helping to make modern civilization possible. Today, according to a recent study put out by the American Petroleum Institute, Pennsylvania is again one of the top oil and gas states.

Significantly, the title of the full study is The Impacts of the Natural Gas and Oil Industry on the US Economy in 2015, with gas listed before oil. Maybe it was just a grammatical thing, but there is every reason to put natural gas first, particularly when it comes to Pennsylvania. Th shale revolution has returned the Commonwealth to near the top of the heap among oil and gas states.

Continue reading

Microgrid Power Plants Powered by Natural Gas Spreading

delaware riverkeeper - Jim Willis reports

Jim Willis
Editor & Publisher, Marcellus Drilling News (MDN)

… 

Microgrid power plants powered by natural gas are the new and upcoming thing. They’re even coming to Philadelphia, home of the William Penn Foundation.

We’re starting to see more and more news about natural gas-fired microgrids, used for “peaking”. Microgrids are small electric generating plants, most often powered by natural gas. They usually produce a few megawatts of electricity. The concept of “peaking” means that during times of high electricity demand, these small microgrids kick on and produce electricity to help meet the demand. Although New York Gov. Andrew Cuomo doesn’t want fracking in the Empire State, he’s in the midst of paying for 11 microgrids throughout the state—all of them using natural gas, mostly fracked gas from Pennsylvania). The wave doesn’t end there, though.

Continue reading

Are Electric Vehicles the Answer or Just New Packaging?

SolarInstitute for
Energy Research

….
….  

Electric vehicles are interesting, but do consumers want them, are they affordable and are they anything more than a new way to package the same fuels?

Globally, the number of electric vehicles on the road in 2016 was 2 million, according to the International Energy Agency (IEA). China, Europe and the United States make up the three main markets, totaling more than 90 percent of all electric vehicles sold. China alone accounted for over 40 percent of the electric vehicles sold in 2016—and more than twice the volume sold in the United States—due to its lucrative subsidies and large population. Is this the future?

Continue reading


 Powered by Max Banner Ads