UDRBC Seminar Booms! HB 827 Economic Justice Bill Up for Floor Vote!

UDRBCTom Shepstone
Shepstone Management Company, Inc.

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Yesterday’s UDRBC Seminar could not have gone better. Some 90 people attended to learn and Rep. Fritz announced his bill is up for a floor vote on Tuesday!

Yesterday, the Upper Delaware River Basin Citizens conducted its second annual seminar. It was conducted at the Equinunk Fire Company’s Lookout, Pennsylvania Fire Hall and 90 or so people attended, including several excellent speakers, State Senator Lisa Baker and Representative Jonathan Fritz. It was Fritz who brought the biggest news, noting his version of Baker’s Senate Bill for economic justice with regard to DRBC takings is up for a floor vote on Tuesday!

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Is There Something Rotten In Dinniman Country?

peer reviewed health - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

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A troubling pattern of donations to Sen. Andy Dinniman campaigns raises question of whose special interests he’s representing against Mariner East pipelines.

Pennsylvania Senator “Absent” Andy Dinniman is a caricature of the classic politician who pompously talks about the people’s interests. But, is that who he’s really representing when he’s out there on the hustings pontificating against the Mariner East pipeline projects? One wonders.

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Tom Wolf Wants A Severance Tax to Pay for Philly Buses and Trains

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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A report from Pennsylvania’s Auditor General shows why giving severance tax money to Tom Wolf would simply further subsidize Philadelphia buses and trains.

Every year Governor Tom Wolf tells his Pennsylvania constituents he needs a severance tax on natural gas. He says he needs it for one thing one year and another thing the nest year. This years he says he wants $4.5 billion of severance tax money to “reinvest” in infrastructure, among other things. Big spenders always talk about investing other people’s money, of course. But, a new report from Pennsylvania State Auditor General Eugene DePasquale indicates has had the money all along. He’s just been wasting it on pet projects.

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Cabot and the Oilfield Energy Center Lead Way on STEM Education

DRBC fracking ban - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

 

The Pennsylvania Chamber of Business & Industry has recognized the contributions of Cabot Oil & Gas and the Oilfield Energy Center in doing first class STEM education.

The Pennsylvania Chamber of Business and Industry publishes a beautiful magazine called Catalyst. The Spring, 2019 edition was just published. It includes a wonderful article by our buddy Rick Hiduk describing and celebrating Cabot Oil & Gas work with the Oilfield Energy Center to promote Science, Technology, Engineering and Mathematics (STEM) education.

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UDRBC Seminar Next Week; Lawsuit, Water Quality and Legislative Update

DRBC fracking ban - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

 

Next Thursday, May 2, the Upper Delaware River Basin Citizens or UDRBC will be holding a seminar in Lookout, Pennsylvania to talk landowner rights and more.

Be there! The UDRBC, lead by Ned Lang and a large group of Upper Delaware River citizens frustrated with the DRBC’s unjust denial of economic opportunity to the region will be conducting an in-depth discussion of natural gas exploration and development.

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Elon Musk’s Glow Wearing Off? Tesla Loses Gobs of Money and Market Share!

natural gas now - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

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There was no good news in the latest Tesla financials. The millennial hero Elon Musk is starting to look like every other snake oil salesman and wizard.

Elon Musk took Andrew Cuomo for a ride with SolarCity, the plaything he set up for his cousins, pulling $750 million from the taxpayer coffers. Let’s be honest, though; Cuomo was an easy mark. Far less explainable are the myriad investors who should have known better but, apparently, somehow imagined the elegant wizard of wraith could turn the vision he was spinning into dollars. It’s been a modern version of “there has to pony in here someplace, with all this manure,” I suppose. The fact there isn’t, though, seems to be descending into the pit of many of fat investor bellies and landing with a thud.

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Why New England Pays More for Natural Gas with Shale Gas Next Door

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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Our friends at the Clear Energy Alliance are out with another great video that entertainingly answers why New England pays so much for gas with it next door.

This may be one the best videos Mark Mathis and the Clear Energy Alliance has put out to date and there are now many. It’s called “Pipeline Pinch” and it tells a story Mark has been working on for months with great effect and great humor. I love it and you will, too.

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FERC Report Tells the Story as the Shale Revolution Moves Ever Forward

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

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The recently released FERC State of the Markets Report, 2018″ report is an update on the progress of the shale revolution as it moves forward claiming new territory.

The highlights say it all (emphasis added):

  • Natural gas markets experienced record high demand and supply.
  • Natural gas storage fell to a multi-year low.
  • Pipeline additions helped to reduce Marcellus bottlenecks.
  • Higher average prices were seen nationally for both gas and electric markets.
  • Capacity additions were led by natural gas-fired and wind-powered generation.

Even the wind generation increases could not have occurred without natural gas backup (and subsidies from ratepayers getting natural gas bargains).

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