External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday morning at 10 AM on 94.3 FM “The Talker,” talked New York, Russia and severance taxes this past Saturday.
Every Saturday, Kevin Lynn of Linde Corporation and I co-host a morning radio show to discuss all things natural gas.
The Shale Gas News is typically broadcast live and this past Saturday’s program, the podcast of which is available here, included an interview with Jim Willis of Marcellus Drilling News and covered the following territory:
- Citing ambiguous, undocumented “health risks,” Cuomo bans fracking in New York State ending (or just beginning?) years of debate over a method of extracting natural gas.
- A new CBO report notes the enormous positive Impacts of US shale, indicating that without safe, clean, fracked American shale, our natural gas prices would be 70% higher than they are now.
- U.S. household gasoline expenditures in 2015 are on track to be the lowest in 11 years with the average U.S. household expected to spend $550 less on gasoline in 2015 compared with 2014.
- Russia is in chaos! The ghost of the ’98 crash is haunting stocks as Russia’s Central Bank raised rates by 650 basis points to 17% to stop the ruble’s crash. Is fracking bringing down the bear?
- A proposed drilling tax could cripple the Pennsylvania economy. With a $2.2 billion deficit looming next year, Senate Majority Leader Jake Corman said he would discuss a severance tax if Wolf would negotiate cutting state pension system costs but the industry notes such a tax would cripple the economy.
- OOGA says some drilling in OH stopped by low oil prices, which are causing some companies to re-evaluate their drilling plans and lay down rigs.
- Two recent studies suggest fracking is safe study highlights the need for increased quality control in well casing and sealing.
- Pennsylvania Governor-Elect Tom Wolf’s severance tax exaggeration has now been exposed. He said a 5% tax would haul in 1 billion big ones. At best, such a tax may haul in half that.
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