Shale Gas News – May 30, 2020

Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Clean Power Plan, Biden’s climate proposal, Church of Climate and much more last week.

The Shale Gas News has grown again to the Williamsport area on stations WEJS 1600 AM & 104.1 FM. The Shale Gas News is now broadcasting in Bradford, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Pike, Sullivan, Susquehanna, Tioga and Wayne Counties, as well as in greater central PA and now the Williamsport area. The Shale Gas News is aired on Saturday or Sunday depending on the station.

Every Saturday Rusty Fender, Matt Henderson and I host a morning radio show to discuss all things natural gas. This week, as a guest, we had Jason Fink, President/CEO of the Williamsport/Lycoming Chamber of Commerce.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the May 30th show (click above), we covered the following new territory (see news excerpts below):

  • Crude hits 10-week high as economic restarts prompt demand optimism.  Crude futures settled higher amid signs that the continued reopening of economies in the US and Europe could bring balance to oversupplied oil markets in coming weeks. Oil demand outlooks continue to improve as more state and local governments ease restrictions on non-essential travel and trade aimed at slowing the COVID-19 coronavirus pandemic.
  • Doomsday Predictions For U.S. Oil Just Aren’t Realistic. As pundits and journalists forecast the future of America’s shale oil industry, beware the naysayers who believe the investors and lenders will not want to do business with U.S. shale oil firms in the future. We have had over 160 years of experience to show us that if there is a plan for oil, a skilled business leader can get the financing. Opportunities in oil are too enticing for many financiers to ignore.
  • Report: Electric sector already met Obama’s Clean Power Plan. U.S. power providers have hit emissions reduction targets set by the Obama-era Clean Power Plan (CPP) over a decade ahead of schedule, according to a new report.
  • Investment in U.S. Shale Projects to Halve in 2020, IEA Says. Investment in the U.S. shale sector will drop by half this year, the International Energy Agency said Wednesday, predicting a period of pain for producers, even as oil prices rally.  The forecast body blow to the availability of capital for U.S. producers comes as part of an expected world-wide decline in broader energy investment during 2020.
  • Trump win would accelerate US oil recovery but not under weak demand scenario: Rapidan. US onshore oil production would drop by 1 million b/d by 2023 if Democratic presidential candidate Joe Biden beats US President Donald Trump in November’s election, but the gap would shrink considerably under a weaker price/demand recovery scenario, according to a Rapidan Energy Group analysis released Tuesday.
  • Joe Biden Weighs New Climate Proposals in Bid to Woo Sanders Supporters. Joe Biden says he will add details to his climate plan and is likely to propose new investments, an olive branch to Bernie Sanders and his liberal allies. But in battleground states such as Pennsylvania, Republicans are already portraying Mr. Biden as a threat to the oil-and-gas industry.
  • The pandemic exposed the ‘Church of Climate’ as a fraud. While the novel coronavirus has triggered a global debate on how to balance short-term infection rates with long-term economic viability, a crucial epiphany is slowly emerging through the deliberations. Society realizes that the “Church of Climate” has propagated an epic fraud upon individual rights, taxpayers, and free enterprise.

The Shale Gas News sponsored by Linde Corporation

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