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Why The U.S.’ Largest Shale Gas Basin Misses Out On The LNG Boom
Oil Price com ^ | TSVETANA PARASKOVA

Posted on 10/17/2022 8:58:28 AM PDT by Plumberman27

Regulatory hurdles are stymieing growth in natural gas production in the Marcellus-Utica basin, the largest U.S. gas-producing region, which is set to miss out on the expected boom in American liquefied natural gas (LNG) exports in the coming years.

Not only is Marcellus-Utica missing the opportunity to export and monetize natural gas in a world scrambling for LNG supply, but it is also unable to provide more natural gas to the regions close to it in New England, analysts and the pipeline industry say.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: shalegasstymied
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I see no reason that these states do not simply declare themselves oil sanctuary states and void all of joe bidens regulations that strangle their production, profits and make people suffer for no reason at all.
1 posted on 10/17/2022 8:58:29 AM PDT by Plumberman27
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To: Plumberman27

Whoa! Would it work?


2 posted on 10/17/2022 9:02:06 AM PDT by rrrod (6)
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To: Plumberman27
It's not about saving the planet from warmageddon. It's about controlling us.

Now you know why my wife and I have a large solar array and do most of our driving in an EV. We need to all find ways to make our families less reliant on the things the Dims can regulate away from us.

3 posted on 10/17/2022 9:02:22 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Plumberman27

You are the carbon they want to eliminate.


4 posted on 10/17/2022 9:03:34 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: Plumberman27

NY won’t do it, not now anyway. PA, don’t know. I hope WVa does (assuming it needs to) because I am sitting on top of the south-central portion of Marcellus and have mineral rights.


5 posted on 10/17/2022 9:14:12 AM PDT by mikey_hates_everything
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To: Tell It Right

So you have an EV, which is reliant on the electric grid which is controlled by government mandate as a monopoly?


6 posted on 10/17/2022 9:15:34 AM PDT by neverbluffer
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To: Plumberman27

Because it’s a region so idiotic that there is a serious risk that that drooling slob federman might get elected to the us Senate. Small wonder they are missing out.


7 posted on 10/17/2022 9:21:46 AM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: DesertRhino

Stop electing morons. That’s really the bottom line.


8 posted on 10/17/2022 9:25:36 AM PDT by EQAndyBuzz (At this point I would rather have the illegals here than the liberals.)
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To: DesertRhino

I thought he was implying he uses his large solar array for the EV.


9 posted on 10/17/2022 9:27:36 AM PDT by Codeflier (I am just going to assume you are a Democrat if you call me a Putin supporter and ignore you.)
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To: Tell It Right

“ Now you know why my wife and I have a large solar array and do most of our driving in an EV. We need to all find ways to make our families less reliant on the things the Dims can regulate away from us. ”

We all have our own ways of becoming less dependent on big government.


10 posted on 10/17/2022 9:32:18 AM PDT by jdsteel (PA voters: it’s Oz or Fetterman. Deal with it and vote accordingly.)
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To: Plumberman27

11 posted on 10/17/2022 9:36:45 AM PDT by FLNittany (Autotune is jealous of Karen Carpenter)
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To: Plumberman27

Most of the world’s poverty is caused by corrupt governments. We are not exempt.


12 posted on 10/17/2022 9:37:28 AM PDT by aimhigh (THIS is His commandment . . . . 1 John 3:23)
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To: Plumberman27
There's a bigger story behind this that may explain some of the idiocy you're seeing.

In recent years the Marcellus and Utica shale deposits have become prized sources of natural gas for domestic manufacturers of plastic products. Shell Polymers is completing construction of a massive new project in the Pittsburgh area that includes a 50+ mile pipeline to transport Marcellus gas to a petrochemical plant where it is broken down into its components and converted to polyethylene for the production of plastic components.

At the peak of its construction activity a couple of years ago, the Shell Polymers project was the largest private-sector construction project in North America.

I have worked on several projects in that area in recent years, and have dealt with a number of people in Pennsylvania industry and government who are involved in fracking issues around the state. At no time have I ever gotten any sense of concern from them about problems with pipeline projects getting blocked in regulatory processes. In fact, I am under the impression that Pennsylvania leaders in business and government are thrilled that these major industries don't have to compete for Marcellus/Utica gas with a bunch of @ssholes in New England who could use it to heat and power their homes and businesses.

P.S. -- Rumor has it that Exxon/Mobil is looking in that same region of Pennsylvania, Ohio and West Virginia for a potential site for a similar petrochemical plant. I'm sure they would do whatever it takes to block any new pipelines that could be used to transport the gas out of the region.

13 posted on 10/17/2022 9:39:49 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: FLNittany

Because Andy Cuomo prohibited it in NYS.


14 posted on 10/17/2022 9:40:55 AM PDT by 1Old Pro
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To: 1Old Pro

And the commie PA governor regulated it out of profitability in many spots.


15 posted on 10/17/2022 9:43:49 AM PDT by FLNittany (Autotune is jealous of Karen Carpenter)
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To: neverbluffer
So you have an EV, which is reliant on the electric grid which is controlled by government mandate as a monopoly?

Evidently you overlooked the first part of the sentence you're replying on: "Now you know why my wife and I have a large solar array..." Since I added to the solar array a couple of months ago, right after buying the EV, literally 95% of all of our power was supplied by the solar system. We bought only 5% of our power from the grid, even though our two-story house is all-electric. Most of that 5% I pulled from the grid was me setting my inverters to pull a tiny bid of power from the grid continuously as a kind of heartbeat ping so that my power utility doesn't treat me as a lost power customer and automatically shut me off. I've had to buy only 27kWh from the grid across two days my solar system almost but nooootttt quite gave me all the power I needed.

You can call that being "reliant on the electric grid" if you want. Solar isn't an option for everybody. But if you live in the south, own your home, and plan to be there at least 10 years, it's worth considering. Especially if you want a hedge against the Dims energy inflating your retirement investments away to force us to tithe to their warmageddon cult.

16 posted on 10/17/2022 9:46:08 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: All

It is so very easy for FR to go overboard about US gas and oil.

Here are the numbers.

The Marcellus formation is estimated to hold **undiscovered (not proven) reserves** between 45 and 144 trillion cubic feet of gas. Or rather, that was the estimate in 2011 before production began (and note this was with a shale presumption by USGS). That’s a pretty big range so let’s take the middle number of 90 trillion cubic feet. Undiscovered.

(Note Russia’s PROVEN reserves come in at 1320 trillion cubic feet. Undiscovered many times more)

Marcellus production has been about 20 billion cubic feet/day 2019. That’s 7.3 trillion cubic feet per year, and of course that production has to come from reserves actually proven, not imagined.

So that would be about 13 years of the undiscovered. Fewer of the discovered.

Bottom line, it doesn’t matter what regulations obstruct or don’t obstruct. You can’t pump what runs out and isn’t there.


17 posted on 10/17/2022 9:56:42 AM PDT by Owen
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To: Plumberman27

If PA elects Weasel Shapiro you can count on NO help from him.


18 posted on 10/17/2022 10:04:17 AM PDT by Greenidgypsy (I loathe the MSM.)
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To: Plumberman27
The resources of the country belong to “We The People” not the unelected self appointed dictators.
19 posted on 10/17/2022 10:09:46 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: Plumberman27

Biden pulled permits for pipelines that were to run up to New England. Enjoy your high energy costs and be sure to Thank Brandon.


20 posted on 10/17/2022 10:21:06 AM PDT by IC Ken (If the government can just print Money why do I have to pay taxes?)
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