Buffalo Billion Goes Bust; Now Worth 8¢ on the Dollar, Empirezuela Is Next

Tom Shepstone
Shepstone Management Company, Inc.

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Andrew Cuomo’s Buffalo Billion sinking of taxpayer monies into Elon Musk’s solar scam has been written down to 8 cents on the dollar; an $884 million loss.

Imagine you build a new house in Upstate New York for $300,000. It’s got the latest in appliances and a modern heating system. The place is nicely landscaped and well maintained. But, six years later you have to sell it because you’ve taken a new job in Texas. You go to a realtor who tells you it’s now worth a mere $24,000. Sound far-fetched? Well, no, that’s what just happened with Andrew Cuomo’s “Buffalo Billion” investment of $958.6 million in the SolarCity scam engineered by Elon Musk and his cousins to exploit Andrew Cuomo.

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Stupid Pipeline Trick from New Jersey Now Being Advanced Nationally

Tom Shepstone
Shepstone Management Company, Inc.

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A completely deceptive and stupid pipeline trick practiced by New Jersey won favor with the 3rd Circuit Court of Appeals is now being advanced by others.

Despite a very well argued appeal to the full Third Circuit Court of Appeals after a throughly bad decision from a three judge panel, the full court refused to take it. This leaves not only PennEast Pipeline, but also every other new pipeline and FERC, in a very bad position where obstructionist states and even individual landowners can sprague pipelines by simply entering into conservation easement agreements. It’s a complete fraud on everyone involved and thoroughly abuses the very concept of a conservation easement. And, fractivists, loving the fraud, are trying to now push this stupid pipeline trick as a template for pipeline opposition.

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Sound Bite Green Policies Don’t Reduce Emissions; Natural Gas Does

Tom Shepstone
Shepstone Management Company, Inc.

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Natural gas has reduced emissions in a big way, but sound bite energy policies focused solely on renewables haven’t says PA Democrat Senator John Yudichak.

Democrat State Senator John Yudichak represents Carbon and Luzerne Counties in Pennsylvania. He is a staunch friend of the trades and a fan of natural gas. He also speaks his mind. He just wrote a terrific op-ed for the Easton Express-Times (LehighValleyLive.com). It’s truly a must read and we offer up the Senator’s words below for your enjoyment.

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Green Goblins of Political Correctness Set Up New England for Icy Fall

Tom Shepstone
Shepstone Management Company, Inc.

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What’s happening in Rhode Island should be a warning to all of New England; you are headed for an icy fall with respect the energy you need to keep warm.

Rhode Island is a state where the green goblins of political correctness hold full sway and determine policy. What they have wrought is something akin to the problem in California where decades of failure to maintain electricity infrastructure have led to inexcusable use of deliberate blackouts as a way to avoid catastrophe. New England is fraught with the same sorry mentality when it comes to natural gas infrastructure.

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New Jersey Needs Natural Gas Now If It Wants a Balanced Energy Supply

Tom Shepstone
Shepstone Management Company, Inc.

 

New Jersey says it wants renewables but they can’t meet the Garden State’s immediate needs or provide a balanced energy supply says Greg Lalevee.

NJ Spotlight recently posted another great op-ed on the subject of pipelines. It’s written by Greg Lalevee, a Business Manager for the International Union of Operating Engineers Local 825. Greg gets right to the heart of the matter as he did with another op-ed back in April. He says New Jersey needs natural gas now!

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Third Circuit Invites A “Free-for-All of States’ Selfish Political Whims”

Tom Shepstone
Natural Gas NOW

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The gas industry has risen up to support PennEast in its appeal to full Third Circuit Court of Appeals of a bad decision by a three member panel of judges.

The American Gas Association, American Petroleum Association, Interstate Natural Gas Association of America, and National Association of Manufacturers have all joined in supporting PennEast’s appeal to the full Third Circuit Court of Appeals to reconsider a horrendous panel decision. They have filed a superb amicus brief that explains, in very easy to grasp fashion, why the panel decision was both absurd and dangerous and needs to be reversed.

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The Rise of the Phoenix: U.S. Net Natural Gas Exports Have Doubled!

Tom Shepstone
Shepstone Management Company, Inc.

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Our net natural gas exports have doubled over last year, which was double the year before when exports trumped imports for the first time in 60 years.

Two versions of the movie “Flight of the Phoenix” have been made, one in 1965 starring Jimmie Stewart and another in 2004 featuring Dennis Quaid. It’s a great story, based on a 1964 novel by the same name. It’s all about a plane that crash-landed in the Sahara Desert and how the survivors rebuilt it and the Phoenix took flight again saving them. Our natural gas export business, though, offers a real-life “flight of the Phoenix,” as it has taken off again after several decades in the desert. The Energy Information Administration tells the story with a “Today in Energy” post we republish below.

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Southwestern Energy Returns 10+ Billion Gallons of Water to Environment

Tom Shepstone
Shepstone Management Company, Inc.

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Southwestern Energy projects “have generated tremendous environmental and economic benefits across the communities where we’re privileged to work and live.”

Southwestern Energy has been doing exciting things in West Virginia and elsewhere to conserve water and, ultimately, ensure its operations are water neutral. It’s a pro-active approach that has already achieved great results. Here is news release from the company that spells it out:

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