Natural Gas – 100 Years Ago Today, July 8, 1922!
Shepstone Management Company, Inc.
Natural gas news from a hundred years ago offers great perspective for discussing one of the cleanest sources of energy available then and still today.
I thought it might be fun and illuminating to look back 100 years ago at what was happening with natural gas. It is eye opening, given all we’ve learned over the last century and, of course, there is little new under the sun. Consider these 100-year old news items (emphasis added):
- Regulators Fight for Turf As Gas Becomes A Public Service!
- Hitting It Bigly in Mount Morris, New York!
- Taxpayers Start Earning Royalties from Oil and Gas!
Regulators Fight for Turf As Gas Becomes A Public Service
Part of the growth of the natural gas industry was the inevitable regulation of it as a public utility service, as the follows illustrates, and there were many conflicting opinions on how, when and where to regulate.
Notice how the Feds and states each wanted to protect their regulatory turf. Regulation, to paraphrase John Updike, once invited in the door, leaves their muddy footprints everywhere.
Hitting It Bigly in Mount Morris, New York!
Oh, the irony, the irony…
This story is not only one about what was, but one about what could be for the Southern Tier of New York but for its corrupt politicians who sell out the region for brownie points with ignorant but ever politically correct metro voters.
Taxpayers Start Earning Royalties from Oil and Gas!
Natural gas royalties were starting to pour into the Federal treasury in 1922 and oil royalties were already starting to be substantial at that point:
Interesting isn’t it, that America’s leaders in 1922 recognized oil and natural gas were valuable resources held in stewardship for the benefit of all taxpayers not just the environmental zealots who wanted to make them untouchable?
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