The Marcellus and Utica shale basins, the U.S.’s top gas-producing regions, saw record drops in natural gas output over the past week as Winter Storm Elliot smashed through Pennsylvania and Ohio. The storm wreaked havoc, freezing wells and equipment and creating a multitude of mechanical issues at critical pipeline infrastructure. The extreme weather resulted in […]
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This week the Biden Administration announced a plan to aid US households with $13.5B in energy bill relief. With costs expected to be 28% higher this winter, the administration is using funds from Dept. of Health and Human Services, the bi-partisan Infrastructure plan, and Emergency funding to subsidize the cost of energy to low- and […]
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Liquefied natural gas (LNG) has overtaken pipeline gas as the most abundant and valuable form of U.S. natural gas exports. LNG exports are on track to break volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher […]
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The European Union (EU) reached an agreement for an emergency regulation to cut their natural gas use by 15% from now until March 2023. As Europe prepares for a winter of uncertainty with continued supply disruption from Russia, the hope is to cut off all supply by next year. The EU plans to make the […]
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Joe Manchin is front page news this week for “torpedoing” his party’s expensive climate change policy in the US Senate. Big, obnoxious, outlandish headlines are a staple in modern media and politics. It’s a long-used tactic for decades and with the emergence of “fake news” narratives, social media reporting, and click-bait news cycles, it’s time […]
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At the end of May 2022, we saw a sharp decrease in U.S. crude inventory levels of 5.1 million barrels compared to the expected decrease of 1.3 million barrels. In response to the decrease in inventory and the sanctions on Russian oil, U.S. shale production is set to increase in the month of July by […]
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Energy is an industry that is talked about by many, but truly only understood by few. Whether we discuss emissions, ESG, tightening supply, carbon footprints/off-sets, or record high prices that hammer working class Americans, the simple, most efficient, and cleanest answer has all along been MORE PIPELINES! Under the Biden Administration, the Keystone XL pipeline […]
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The world is quickly approaching an energy crisis as we move into the winter season. Power generation and home heating are expected to be areas of concern and come at a price that is far higher than consumers have seen. China has already began scheduling intentional black outs. Crude and Natural Gas should/would be the […]
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The spillover effect of high natural gas prices, if we have a colder-than average winter this year, could lead to $90/barrel oil prices and even tighter truck capacity.
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Record high natural gas prices are occurring worldwide. This is causing major supply chain issues nationwide in energy dependent markets including food production, steel producers, fertilizer manufacturers, and glass markers. According to Reuters, natural gas prices have risen sharply around the globe in recent months. That has been due to a combination of factors: including […]
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