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SolarCity Shaping Up As Cuomo’s Biggest Failure; A “Skinnin”

shale gas outrages - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

 

The news regarding Andrew Cuomo’s pet project, the centerpiece of his Buffalo Billion scam, SolarCity, gets worse by the day. It’s what we call a “skinnin.”

One of my former office neighbors, a mortage broker, loved to talk of something he called a “skinnin.” It was country slang for making the deal of deals; a “stealing candy from the baby” sort of deal. Whenever I arrived at the office in coat and tie, I could be sure to get a “skinnin’ today?” question out of him, combined with a sly grin. What he had in mind was what Elon Musk did with Andrew Cuomo by selling him the SolarCity deal. It’s been falling apart for many months now and things just keep getting worse for Prince Corruptocrat.

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Ohio Shale Experience Is the Future for UK?

LNG - Nick Grealy ReportsNick Grealy
Administrator of NoHotAir/ReImagineGas Blog

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The Ohio shale experience suggests how development of the UK’s Bowland Shale may go and the future is looking pretty darned good.

A lot has advanced in the six years since Cuadrilla Resources revealed their estimate of 200 TCF in natural gas reserves for their section of the Bowland Shale back in 2010. Sadly, the UK debate hasn’t been one of them. Yet. But the time is coming.  Back in 2010, people saw shale as a flash in the pan. It was, of course, the biggest bang to hit energy markets since the light bulb. Yet, the UK debate still uses outdated economics, 2010 flow rates and 2010 energy policy concerns. Shale is still “controversial.” Meanwhile, in the US, the unconventional is the new normal, 70% or higher of 2016 production and nowhere is it more conventional than in Ohio.

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Pennsylvania Fracked Gas Arrives in Scotland

Constitution Pipeline - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The first ship carrying PA fracked gas has arrived in Scotland for a chemical company that said the shipment would bring them back to profitability.

Yesterday afternoon, a ship arrived in Grangemouth, Scotland carrying fracked gas from Pennsylvania.  The delivery of ethane, brought by the chemical company Ineos, was the first shipment of fracked gas in Britain.  For Ineos, it represents the fuel that will enable it to continue to operate the Grangemouth chemical facility profitably.  To the environmental community, it represents a dangerous precedent that must be stopped.  According to Friends of the Earth Scotland, “It is completely unacceptable to attempt to prop up the Grangemouth plant on the back of environmental destruction across the Atlantic.”

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Pipelines Are Still a Key Issue for Marcellus Region

Constitution Pipeline - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The key issue facing the Marcellus region is the need for pipelines to get affordable natural gas to consumers. Yet, pipelines face so much irrational opposition.

The New Jersey Ratepayer Advocate last week took a curious stand against the proposed PennEast pipeline project, stating that the proponents of the pipeline have not shown that the economic benefits will outweigh the costs.  In numerous ways the Advocate’s report mirrored that of a March study commissioned by the New Jersey Conservation Foundation.  Among them are that sufficient pipeline capacity exists to meet current needs, even when the demand is highest, and that the pipeline will increase consumer rates, not lower them.

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U.S. Shale Turns Scots Into Great Pretenders

LNG - Nick Grealy ReportsNick Grealy
Administrator of NoHotAir/ReImagineGas Blog

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U.S. shale gas shipped to Scotland in the form of LNG is sustaining a manufacturing economy there and making hypocrites of Scottish fractivists.

Sometime this month, the first ethane shipment from U.S. shale is coming to the UK, ironically to Scotland to be used as feedstock at the Ineos Grangemouth facility.

It raises the same questions for the no shale anywhere school that have already arisen over imports of U.S. shale oil and U.S. LNG from shale already arrived in Spain and Portugal. U.S. LNG will be headed to the UK and Belgium soon enough. It will be hard to propose no shale development be permitted anywhere when it’s already lurking in the water heater.

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Natural Gas and Renewables Need Each Other

LNG - Nick Grealy ReportsNick Grealy
Administrator of NoHotAir/ReImagineGas Blog

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Fractivists act as if natural gas and renewables are natural enemies – they’re not. They need each other, a fact often obscured by political correctness.

It’s long been proposed by climate scientists worldwide and several US environmentalists that natural gas and renewables are natural partners.  Yet, the accepted wisdom, is the complete opposite.  Attempts to point it out have been met with various levels of scorn or derision by anti fracking advocates.  The few who have proposed the idea have been mocked and ridiculed as greenwashers by many groups who themselves are strong advocates of renewables.  It’s an unfortunate meme that is long past its sell by date.

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Canadian Pot Capital Arising from New Brunswick Double Standards?

New Brunswick Shale - Resource Wise New Brunswick ReportsLynn Farmakoulas
Spokesperson/Communications Director
Resource Wise New Brunswick

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Will New Brunswick become the Canadian pot capital due to double standards? The contrast in how the marijuana is treated compared to shale gas is amazing.  

New Brunswick is now planning to, literally, grow its economy. We got a hint of this on August 22 with a headline in the provincial newspaper blaring the following:

NEW BRUNSWICK’S ECONOMIC GROWTH PLAN: PUSH MARIJUANA

Aside from the obvious pun, the rest of the story is truth. How sad it is, though, how this attempt to make New Brunswick the Canadian pot capital, is being promoted without the slightest attempt to secure the “social license” demanded of the shale gas industry.

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A Quiet Summer on the Fracking Front: Gas Becomes the New Normal

Constitution Pipeline - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The lack of major bellwether fracking news this summer, combined with mostly good industry news, indicates shale gas is the new normal for energy in the US and worldwide.

The coming of Labor Day marks the end of an unusually quiet summer on the energy front.  Prices continue to rebound somewhat, producers cautiously eye increasing production again, and pipeline companies continue to try to build out the infrastructure needed to fully use the resource.  Overall, however, the last few months have been marked by an absence of bell-weather events which seemed to come fast and furious in the shale and energy fields for a period of about seven years.  

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French Shale Gas? Well, Yes, Maybe!

LNG - Nick Grealy ReportsNick Grealy
Administrator of NoHotAir/ReImagineGas Blog

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France’s unsustainable hypocrisy on fracking will very likely, per inevitably, lead to the development of French shale gas with implications for New York.

There is a special wound on my heart marked Gaz de Schiste: French shale gas. Fortunately, and contemporaneously with the UK, which seems to be finally stirring, the debate will inevitably evolve in France.  There is a particular French term “La Rentrée” which signifies not only the return to school, but to business and cultural life in general. It will be an especially political one this year in the primary campaigns to get candidates this year, and the first and second rounds of the Presidential Election in April and May.

I’m interested in the commercial aspects of the French shale question for France itself, but also for the natural gas industry advocacy campaign world-wide. Of all the outdated objections to shale,  “France has banned shale gas”  is the one that may be as impermanent as the others.  There’s only two people of any consequence  keeping the ban going.  One is President Hollande and the other is Mme Royal, his former partner and mother to his children.  For reasons totally unconnected with shale, it’s unlikely that either of them will re-enter in 2017.  That will then help shale in France, the UK, New York State and everywhere else.  Here’s hoping, here’s trying and heres’s waiting.

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Cuomo’s Crony Pet Project, SolarCity, Going Down?

shale gas outrages - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

 

The only hope for the SolarCity boondoggle, centerpiece of Andrew Cuomo’s Buffalo Billion scam, is for Elon Musk to sell Tesla stockholders on a buyout.

We last reported on the SolarCity boondoggle back in May. I noted then “the key element of the Buffalo Billion fiasco now being looked at intensely by Preet Bharara is in serious trouble, Andrew Cuomo is in bigger trouble and the taxpayers of State of New York are in the biggest trouble of all.” Since then, things have only gotten curiouser and curiouser. Elon Musk, the trendy super-hustler, has ridden to the rescue of his cousins, the Rive brothers, with a proposal for Tesla to buy them out. It’s losing money, too, though and, given his own hype, he may not be able to talk his fellow stockholders into the family rescue. What will Cuomo do if the maestro of renewables happy talk fails to sell this one?

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