Avatar: opening tonight. Trending toward $200 million in advance tickets. We're going to the 6:00 p.m. show tonight. Due to length of movie, three hours, the movie begins exactly at 6:00 p.m. -- no previews, no commercials. Link here.
ESPO: update.
Coal: big story today -- being posted everywhere. Global coal consumption hit an all-time record. Apparently the IEA was the only one surprised by this. Looks like reality trumps the myth of global warming.
Unmitigated disaster: Merkel's energy plan. Trump saw this coming.
Weather: speaking of which. Are folks noticing how fast it got so cold both in the US and in Europe?
Strep: I was really happy with my post last night regarding strep. I don't know how it could have been presented any more simply.
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Back to the Bakken
The Far Side: link here.
Active rigs: 42.
WTI: $74.39. Down almost $2 overnight. Is anybody getting the feeling that the "caps" are working too well -- consuming nations have told OPEC they won't pay more than $60 -- we've talked about this before.
Natural gas: $6.439
Sunday, December 18, 2022: 49 for the month, 158 for the quarter, 702 for the year.
39022, conf, Kraken, King 8-5-32 4H,
39003, conf, Slawson, Lunker Federal 7-33-4TFH,
38936, conf, CLR, Roxy 8-31H,
37895, conf, Enerplus, Gallium 147-93-17A-20H,
37894, conf, Enerplus, Osmium 147-93-17B-20H,
Saturday, December 17, 2022: 44 for the month, 153 for the quarter, 697 for the year.
39023, conf, Kraken, King 8-5-32 3H,
39002, conf, Slawson, Lunker Federal 6-33-4TFH,
38937, conf, CLR, Roxy 7-31H1,
38862, conf, Sinclair, Hovden Federal 2-20H,
38932, conf, Slawson, Lunker Federal 3-33-4H,
36900, conf, Bowline/Nine Point, Shaffer 155-102-27-22-6H,
36178, conf, BR, Geeorge 2D TFH,
RBN Energy: beleaguered Appalachian gas pipelines would reduce emissions (which is important for some folks; not for me).
Natural gas pipeline project permitting sits at the nexus of the debate about the best path toward decarbonization. Industry proponents rightly point out that pipelines can reduce aggregate emissions by displacing much higher burner-tip emissions from coal in power generation. Environmental opposition, though, highlights that a high rate of methane emissions along the gas value chain could undermine those potential improvements. In today’s RBN blog, we consider the net decarbonization impact of new gas pipelines, including the importance of quantifying upstream methane emissions, by looking at a couple of canceled or long-delayed pipeline projects that could make a big difference.
Over the last six years, developers have canceled five major projects proposed to take Appalachian gas to premium markets on the East Coast: Williams’s Constitution Pipeline, UGI Energy Services’ PennEast Pipeline, Dominion Energy’s Atlantic Coast Pipeline (ACP), Enbridge’s Access Northeast expansion of Algonquin Gas Transmission, and Kinder Morgan’s Northeast Energy Direct expansion of Tennessee Gas Pipeline. All but Northeast Energy Direct were canceled after receiving Federal Energy Regulatory Commission (FERC) certificates, which even six years ago nearly guaranteed that a proposed gas pipeline project would be completed. Equitrans continues to pursue key federal permits for its Mountain Valley Pipeline (MVP) after court rulings early this year sided with environmental groups and revoked its permits for the umpteenth time. That project is now eight years into its development, with an unclear timeline for completion.
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