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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

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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.

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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.

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Choosing Poorly: South Australia Pays for Renewables PC

SolarInstitute for
Energy Research

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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.

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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.

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Microgrid Power Plants Powered by Natural Gas Spreading

delaware riverkeeper - Jim Willis reports

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

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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.

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Are Electric Vehicles the Answer or Just New Packaging?

SolarInstitute for
Energy Research

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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?

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Environmentalists Ignore the Real Rogue Industry

Decline Curves - Chris AckerChris Acker
Geological Engineer,
Susquehanna County, Pennsylvania 

CHRIS ACKER

CHRIS ACKER

Environmentalists want you to believe fossil fuels are the problem, however the real rogue industry is illegal marijuana farming.

Imagine, if you will, a rogue industry in America… a rogue industry systematically destroying pristine forests. A rogue industry indiscriminately spewing poisons of frightening toxicity. A rogue industry unaccountable to government or the people – uncaring, unstoppable – mindlessly causing damages in the hundreds of millions.

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Will FERC Make the Constitution Pipeline Finally Happen?

delaware riverkeeper - Jim Willis reports

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

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Recent rumblings from Williams suggests there’s still lots of life left in the Constitution Pipeline, especially now that a FERC quorum has been restored.

The New York Department of Environmental Conservation (DEC) caved to corrupt political pressure from Andrew Cuomo in April, 2016 and denied the Williams Constitution Pipeline a necessary federal 401 water quality certification, blocking the project. At that moment, DEC stepped off a cliff. It’s been a long, slow process, but we’ve watched the agency fall ever since. And now, it will soon hit the bottom.

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A Spedie Moment of Truth on Solar Energy

landowners and laborers - Vic FurmanVictor Furman
Upstate New York Landowner Shale Gas Activist

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The Spedie Fest & Balloon Rally in Binghamton this past weekend was an opportunity for Vic Furman to educate others on solar energy vs. natural gas.

Binghamton’s Annual Spedie Fest & Balloon Rally that took place this past weekend at Otsiningo Park was, as usual, a wonderful event. For you flatlanders, a Spedie is something special to the culture of Binghamtonians like me. “Spiedies are small pieces of marinated meat (lamb, chicken, pork or beef) that can be skewered and then grilled.” This year’s event, the 33rd, was complete with not only unimaginably good eating opportunities, but also options to visit various vendor booths, including those promoting different things; things such as solar energy. I couldn’t resist.

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Upstate New York Dying as Antis Hold Up Pipelines

Cuomo's Legacy - Dick DowneyRichard Downey
Unatego Area Landowners Association

    
    

As the debate continues over the DEC approving natural gas pipelines, the people in Upstate New York are being squeezed out and forced to move.

Last week’s Monticello DEC hearing on a 7.8 mile Millennium Pipeline loop with a compressor station and upgrades drew the usual pro/anti gas development crowd. Lots of opinions were offered but little technical information the DEC could use in decision making.

The antis painted an apocalyptic picture of foul water, unbreathable air, rising seas, and disease. Union workers and others in favor of the project saw jobs and economic development. Most local political leaders spoke of increased tax revenue. They said the Millennium Pipeline has been a good neighbor, living up to its promises and benefiting the community.

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