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 net zero, pipeline security, Nord Stream 2 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 Tom Pyle of the American Energy Alliance and Institute for Energy Research.
The Shale Gas News, typically, is broadcast live. On the May 22nd show (click above), we covered the following new natural gas territory (see news excerpts below):
- U.S. Oil, Gas Industry Said Ready to Thrive with Economic Stimulus, Fair Trade. The U.S. oil and natural gas sector could thrive with federal stimulus packages and with the resumption of fair trade worldwide, a top Federal Reserve Bank (Fed) executive said Tuesday in North Dakota. Fed President Neel Kashkari of the Minneapolis branch spoke at the Williston Basin Petroleum Conference. He discussed the Biden administration’s proposed stimulus packages, among other things, with North Dakota Petroleum Council Chair Kathy Neset.
- Shale Drillers Show Restraint in Q1. (Bloomberg) — So far, shale explorers are passing the test. The industry, much maligned by investors for excessive spending without returns to show for it, has managed to resist a 22% run-up in oil prices during the first three months of this year, holding output almost flat. A round-up of data on the drillers shows expectations for record free cash flow and signs that the industry is starting to pay its way.
- New IEA Net Zero Roadmap Undermines America’s Energy Security. A new report by the International Energy Agency (IEA) urges investors not to fund new oil, gas or coal projects for the world to reach net-zero emissions by midcentury. It is the starkest warning yet from the world’s leading energy watchdog to curb fossil fuel use. It is also the most irresponsible.
- Beyond Airports, TSA Also Manages Pipeline Security. That Could Be A Problem. The recent Colonial Pipeline hack created shortages and panic-buying of gasoline, and also raised questions about federal oversight of critical energy infrastructure. It may come as a surprise to learn that the Transportation Security Administration, whose officers screen luggage and carry-ons at airport check-in gates, also has responsibility for the cybersecurity of energy pipelines.
- Biden administration decides not to sanction company building controversial Russian gas pipeline. The Biden administration has decided against sanctioning the company in charge of building Russia’s Nord Stream 2 gas pipeline, despite strongly opposing the project, according to two sources familiar with the decision, signaling that it is prioritizing unity with allies over concerns about a potential geopolitical threat. Instead, the administration will sanction some of the smaller entities involved in the project, including some Russian companies and ships that have been helping in the construction.
- U.S. Shale Is Finally Giving Shareholders A Payday. Unlike in the previous downturn in 2015-2016, U.S. shale producers are exiting the 2020 oil price and demand collapse with their promises intact to rein in production growth and return more cash to increasingly demanding shareholders.
- Colonial Pipeline CEO to Testify Before Congress Next Month. The chief executive of Colonial Pipeline is set to testify before Congress next month about a cyberattack that caused the company to halt operations for several days, leading to panic buying of gasoline in many communities. Joseph Blount is scheduled to appear before the House Homeland Security on June 9, when lawmakers will question him about a ransomware attack that U.S. officials have blamed on a criminal hacking gang in Russia.
The Shale Gas News sponsored by Linde Corporation
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