shale gas news
External Affairs Coordinator, Coterra Energy
Host, Shale Gas News
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 energy stocks, rail strike, hydrogen hub 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 shale gas. This week we replayed the 2nd half of an interview with Gordon Tomb, Senior Fellow with the Commonwealth Foundation.
The Shale Gas News, typically, is broadcast live. On the September 17th show (click above), we covered the following new natural gas territory (see news excerpts below):
- Record oil production forecast. Jazzed by strong worldwide demand and crackerjack technology, the Permian Basin will set an all-time record for oil production in October. That’s according to the U.S. Energy Information Administration, which says the Basin’s barrels-per-day output will hit 5.413 million next month after cresting up from 5.2 and 5.3 million bpd this summer.
- Bernie Sanders Is Wrong About Natural Gas. Senator Bernie Sanders has threatened to block a crucial government funding bill because it “would make it easier for the fossil fuel industry to receive permits to complete some of the dirtiest and most polluting oil and gas projects in America.” While Sanders’s passion cannot be denied, his analysis leaves much to be desired.
- Natural Gas Rescues Energy Stocks With Oil in Quarter-Long Slide. It’s an accepted investing axiom that if you want to know what’s happening with energy stocks, check oil prices. That is, until now. Since the start of the third quarter, West Texas Intermediate crude is down 15% from roughly $106 a barrel to around $90. Just last week it sank to almost $80. Meanwhile, the S&P 500 Energy Index has gone in the opposite direction, gaining 15% over that span, led by 32% surges by Devon Energy Corp. and ConocoPhillips.
- Tentative Rail Strike Deal Could Avert New England Winter Energy Crisis. The White House announced a tentative deal Thursday morning to avoid a national rail worker strike which has threatened to further disrupt an already-struggling U.S. economy. In a statement, President Joe Biden said the deal would provide “better pay, improved working conditions, and peace of mind around their health care costs” for the workers. The tentative agreement still must go to the union workers for a vote, but for now the strike appears to have been at least delayed.
- Woodward: Despite energy crisis, Biden cuts oil, gas leases – report. In Great Britain, residents are facing energy bills soaring by more than 100%, costs so high the new prime minister is considering a freeze on energy prices. French Prime Minister Elisabeth Borne has warned her nation’s businesses about the risk of energy “rationing” this winter. In California, residents are facing the potential of rolling blackouts and orders not to charge their EVs due to an overloaded energy grid.
- New York Makes a Serious Play to Grab $2B Regional Hydrogen Hub. It grieves us to write this, but New York State and its uber-leftist, very destructive Governor, Kathy Hochul, is running rings around Pennsylvania, Ohio, and West Virginia with respect to attracting one of four $2 billion hydrogen hubs. Hochul has just orchestrated adding two more states to what is now a six-state coalition aimed at grabbing the hub. In addition to six northeastern states, the NY coalition boasts the participation of 14 private sector industry leaders, 12 utilities, 20 hydrogen technology original equipment manufacturers (OEMs), ten universities, seven non-profits, two transportation companies, and three state agencies. There are over 60 partners cooperating to lay the groundwork for attracting the hydrogen hub to New York State.
The Shale Gas News sponsored by Linde Corporation