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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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Taxes and Regulation: The Twin Banes of Natural Gas Development

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

 

Natural gas development isn’t easy. Politicians want to tax it and regulate it. The pols are now in a bind, though, and offering to trade one for the other.

Pennsylvania’s House of Representatives continues to struggle with the funding plan needed to balance the $32,000,000,000 state budget allowed last month by Governor Wolf to come into law. To pay for it, the Senate agreed for the first time to impose a mineral extraction tax. In return the Senate gave some permitting relief to the natural gas industry. The House has not presented its plan, but as the days drift on it looks more and more possible that they could follow the Senate regarding an extraction tax. They don’t seem to have many other options.

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Vote Today in Venezuela Critical for Oil and Gas

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

 

The vote today in Venezuela will be hugely important to the future of oil and gas everywhere as citizens decide if they want a future other than socialism.

This is just a reminder that today will be one of the most dramatic and significant days in the history of the development of shale gas and oil.  This is the day that Venezuela, home to the largest proven oil reserves in the world, holds a plebiscite to select a new Constituent Assembly.  This body actually will have power to rewrite the Venezuelan Constitution, meaning it can annul decrees of the current National Assembly, the Courts and even the President himself, Nicolas Maduro.  Critics say the new body is handpicked by Maduro and will be used by him to become a dictator.

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Are Anti’s Changing Their Minds About Fossil Fuels?

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

 

Is it possible some of the biggest anti fossil fuels advocates are changing their minds? Mark Zuckerberg appears to be; even meeting with oil and gas workers.

Facebook founder Mark Zuckerberg visited Williston, North Dakota last week as part of his quest to visit all 50 states, sparking questions about a possible Presidential run.  While in Williston, Zuckerberg met with oil and gas workers in an unusual display for a Silicon Valley mogul.

He actually talked to the people and did not issue the standard “fossil fuels are evil” press statement.  Instead, Mr. Zuckerberg donned a hard hat, mingled and took to Facebook to remind people that while he sees climate change as one of the world’s most important issues, he encourages people to go out and learn about the situation from all perspectives.

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DRBC Invested in Oil and Gas? Talk About Fracking Hypocrisy!

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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The stark hypocrisy of the DRBC, which supposes it has the authority to prevent fracking in the basin, while its cash is invested in oil and gas is amazing.

A review of the most recent audit of the Delaware River Basin Commission (DRBC) reveals the disingenuous nature of the agency’s seven-year moratorium on fracking. It pretends, on one hand, that it just can’t make up its mind on allowing the practice anywhere near the Delaware, while investing its cash in the New Jersey Cash Management Fund, where a review indicates oil and gas company stocks are among the favorite equities it purchases.

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Don’t Be Fooled; Natural Gas Is the Future Thanks to Fracking

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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Fracking has made natural gas the king of fuels and poised the US for energy dominance in a world of foolish pursuits and windmill tilting it cannot afford.

Yet another Today In Energy post from the Energy Information Administration demonstrates the power of fracking and the rise of natural gas as the future of energy for our nation and the world. The US is, as the Trump administration has suggested, poised not only for energy independence but also energy dominance. Germany and much of Europe are flailing about subsidizing wind and other energy sources, distorting markets to the point of nonperformance while exploding electric rates. Meanwhile, here in the US, fracking has delivered ever cheaper energy in the form of oil and gas, which continue to be completely dominate here.

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How to Battle Fractivists in One Easy Lesson

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

 

 

The oil and gas industry has always been focused on production and is rather poor at fighting, but Texans for Natural Gas shows how to battle fractivists.

The oil and gas industry is notoriously bad (pipeline companies being the worst) and very slow, by tradition, in doing what is, essentially, land use politics. Likewise, most landowners who want the industry in their backyard are just too polite to do battle. Both the industry and its natural constituencies are driven by motives of being businesslike, friendly and unfailingly positive.

Unfortunately, that’s not enough in today’s world. It probably never was if we consider some the earliest political campaigns of our nation. Successful politicians know the public always says it hates negative campaigning, yet unfailingly responds to it. There are limits, of course. One hopes we don’t get back to where we refer to our opponent as a “mean-spirited, low-lived fellow, the son of a half-breed,” as Adams did of Jefferson.

Notwithstanding these boundaries, it’s completely fair to illustrate your opponents’ failings. bad policies, mistakes and weaknesses. How else are decision makers and voters to know, after all? The oil and gas industry and those of us who support it very much need to get better at this. An outfit called Texans for Natural Gas is showing the way.

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New York’s Energy Double Standards: When Home Rule Is Out

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

 

 

New York’s energy double standards are on full display right now with a wind project off Lake Ontario. It’s home rule again but the rules have changed.

Back in December I wrote a post here about Andrew Corruptocrat Cuomo’s ridiculous plan to impose a poorly conceived renewable energy plan on rural Upstate New York. I mentioned the Lighthouse Wind project in Niagara and Orleans Counties just off the shores of Lake Ontario. It will occupy 20,000 acres of land to create roughly 200 megawatts of capacity, probably operating about one-third of time to generate a measly 65-70 megawatts of power.

I’m not against wind on principle, though. I’ve worked on wind projects, in fact. I only oppose the subsidies involved and the unfair advantages accorded wind compared to natural gas, which is a much better bargain for all. There are huge energy double standards involved when it comes to wind versus natural gas in New York and among those are the matter of home rule.

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If Government Energy Were All We Had, We’d Be in Blackout Now

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

 

 

If government energy policies over the last four decades were all we had depended upon to heat and light our world we’d be living in blackout conditions now.

I’m not much of a fan of The Hill, whether we’re talking about Congress or the newspaper and blog, the latter being largely a gossip sheet for the former. Nevertheless, The Hill does, from time to time, publish some great stuff revealing what incredible fiascos, messes and Rube Goldberg contraptions we create when when we try to do things by committee. Such is the case with an article Thursday by Mark Mills, who is a senior fellow at the Manhattan Institute. It is entitled “Despite Four Decades and $500 Billion, the Energy Department Hasn’t Accomplished Much,” and, in just a few paragraphs, makes it clear government energy policy is unlikely to ever produce anything more than blackouts.

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Heinz Endowment Shills Launch Attack on Penn Township

delaware riverkeeper - Jim Willis reports

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

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Anti’s will hold a workshop in Penn Township to teach the pubic to navigate DEP’s website and look for any new or changed permits for shale drilling, but why?

This is a heads-up to drillers and landowners in Westmoreland County, PA (essentially a Pittsburgh suburb). A group of virulent anti-drillers, funded with money from Big Green groups like the Philadelphia-based and misnamed Clean Air Council, are running a “workshop” to train nutters how to spot any changes in permits for shale wells–so they can, do what?
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