Kamala can hide behind her newfound support (lie) for fracking as long as she has “environment justice” and the courts on her side.
DC Court Vacates LNG Approval
Please note DC Court Vacates LNG Approval at Port of Brownsville
The D.C. Circuit Court on Tuesday ruled against approval of liquefied natural gas (LNG) export terminal and related pipeline projects at the Port of Brownsville, effectively canceling prior approval of three such projects by the Federal Energy Regulatory Commission.
The Sierra Club, in announcing the ruling, said this is the first time a court has vacated FERC approval of an LNG terminal. FERC approved Rio Grande LNG, Texas LNG and the Rio Bravo Pipeline “despite widespread concerns for the harm the projects would cause to the surrounding communities and the climate.”
A lawsuit was filed against FERC by the Sierra Club, the city of Port Isabel, Vecinos para el Bienestar de la Comunidad Costera and the Carrizo/Comecrudo Tribe of Texas, a Floreville-based nonprofit organization, claiming that FERC failed to “adequately consider the environmental justice impacts and greenhouse gas emissions of the three projects, as required by the National Environmental Policy Act and the Natural Gas Act.“
The D.C. court upheld the petitioners’ arguments, vacating FERC’s approvals, meaning the agency now has to reconsider the impacts of the three projects. This will require a new draft supplemental Environmental Impact Statements and public comment period before FERC decides whether to issue new project permits.
The court’s ruling follows two other rulings in July that “call into question the adequacy of FERC reviews,” according to the Sierra Club, which noted that last week the D.C. Circuit Court ruled FERC had failed to consider greenhouse gas emissions as well as market need for expansion of Real Energy Access, a Williams company pipeline project in the Northeast.
Also last month, the same court ruled that FERC failed to adequately assess Commonwealth LNG’s air pollution impacts and greenhouse gas emissions, the Sierra Club said, adding that “it is unacceptable for FERC to conduct insufficient environmental justice analysis and to decline to make determinations on the significance of climate-warming emissions.”
Natural Gas Act of 1938
The Natural Gas Act was written in 1938.
It was focused on regulating the rates charged by interstate natural gas transmission companies. In the years prior to the passage of the Act, concern arose about the monopolistic tendencies of the transmission companies and the fact that they were charging higher than competitive prices. The passage of the Act gave the Federal Power Commission (FPC) control over the regulation of interstate natural gas sales. Later on, the FPC was dissolved and became the Federal Energy Regulatory Commission (FERC) pursuant to a different act. FERC continues to regulate the natural gas industry to this day.
National Environmental Policy Act
The National Environmental Policy Act was passed by the U.S. Congress in December 1969 and signed into law by President Richard Nixon on January 1, 1970.
Since its passage, NEPA has been applied to any major project, whether on a federal, state, or local level, that involves federal funding, work performed by the federal government, or permits issued by a federal agency. Court decisions have expanded the requirement for NEPA-related environmental studies to include actions where permits issued by a federal agency are required regardless of whether federal funds are spent to implement the action, to include actions that are entirely funded and managed by private-sector entities where a federal permit is required. This legal interpretation is based on the rationale that obtaining a permit from a federal agency requires one or more federal employees (or contractors in some instances) to process and approve a permit application, inherently resulting in federal funds being expended to support the proposed action, even if no federal funds are directly allocated to finance the particular action.
Environmental Justice?!
The courts have further expanded the act beyond all recognition to include environmental justice.
Now, on three approved projects, with construction underway, in the name of “environmental justice”, the three projects “will require a new draft supplemental Environmental Impact Statements and public comment period before FERC decides whether to issue new project permits.”
Wikipedia notes the average time for a review is 4.5 years!
I strongly suggest the affected parties challenge this all the way to the Supreme Court. Hopefully the Supreme Court will put a permanent end to this regulatory madness.
Pennsylvania Are You Paying Attention?
Pennsylvania is the second largest natural gas exporter in the US, second only to Texas.
This explains Kamala Harris’ reversal on fracking. Anyone paying attention knows she is a liar.
Fact Checking Harris
The BBC does a bit of Fact-Checking Kamala Harris’s First Campaign Interview
What is Harris’s position on fracking?
CLAIM: In Thursday’s interview, Ms Harris said she would not ban fracking and maintained that she has “not changed that position”.
VERDICT: This needs context and could be misleading as Ms Harris has changed her public position on fracking. In 2019, she said she was “in favour of banning fracking.”
The following year, in the 2020 vice presidential debate when she was on the Biden ticket, Ms Harris said “Joe Biden will not end fracking” and: “I will repeat, and the American people know, that Joe Biden will not ban fracking.”
During the CNN interview on Thursday she was pressed on her 2019 statement, and Ms Harris responded: “I made that clear on the debate stage in 2020, that I would not ban fracking. As vice-president, I did not ban fracking. As president, I will not ban fracking.”
Has child poverty fallen by over 50%?
CLAIM: “When we do what we did in the first year of being in office to extend the child tax credit, so that we cut child poverty in America by over 50%.”
VERDICT: This is somewhat of an exaggeration and needs context. Child poverty rates did fall, but not by “over 50%” and they rose again the year after, so the impact was only temporary.
In Creampuff Interview, CNN Spoon Feeds Harris the Answers to its Questions
On August 29, I noted In Creampuff Interview, CNN Spoon Feeds Harris the Answers to its Questions
“How should voters look at some of the changes that you’ve made?” Bash asked Harris. “Is it because you have more experience now and you’ve learned more about the information? Is it because you were running for president in a Democratic primary? And should they feel comfortable and confident that what you’re saying now is going to be your policy moving forward?”
Nothing like giving the person interviewed the answer right in the question you ask in case they cannot figure out what to say.
“My values have not changed,” replied Harris, pretending to be pro- and anti-fracking simultaneously.
“I strongly suggest the affected parties challenge this all the way to the Supreme Court.”
I strongly suggest people stop paying lawyers and put an end to the court madness. All that extra regulation appears thanks to all that litigation.
Instead, people could be honest and admit that it’s a political decision based on the fact that the US should not be exporting so much gas, it’s too useful domestically and keeping it home will keep prices down.
Let’s look at the big picture. Yes we need the gas but, we also need the MONEY.
A quick look at our Balance of Payments would tell you that we need the cash and our friends in Europe need the the gas, so they don’t have to buy it from Russia
Speaking of the environment:
The Greek-flagged oil tanker MV Sounion is burning in the southern Red Sea, after being hit by Iran-backed Houthi militants who targeted two ships with missiles and drones in the critical maritime chokepoint on Monday.
Monday’s attack comes as the world braces for what could be one of the worst tanker spills this century. The Sounion tanker remains on fire and could be leaking oil.
The Sounion is carrying 150,000 tons of crude oil from Iraq. The badly damaged ship risks spilling four times as much oil as the Exxon Valdez, arguably tanker shipping’s most famous casualty, potentially becoming the fifth worst oil spill of all time.
Desalination plants on the Red Sea coast could be closed, cutting off water supply for millions. That oil could reach the shores of Saudi Arabia, Eritrea, Djibouti and Somalia in a worst case scenario.
A worst case scenario could also devastate the fishing communities on Yemen’s Red Sea coast where 500,000 people make their living from the fishing industry with 1.7m dependents.
Of course, it could also be a minor incident if the ship can be saved and leaks prevented. But it it is too early to know.
Thank you very much, PapaDave.
If it is not this one I fear that it will be a different tanker, and sooner rather than later.
With all our technical sophistications I am amazed at the continuous growth in stupidity.
I am, too often, surprisingly naive.
An attempt was made today to tow it to safety. This was abandoned as more attacks took place. Hard to know the details. Apparently, the Houthis released video, supposedly showing them boarding the ship and placing explosives. Again, lots of unknowns. Could be an environmental catastrophe, or could be safely towed away.
Many people don’t realize that natural gas and oil that remains in the ground is “liquid gold.” Whatever the excuse people use to keep the gas and oil in the ground in the 21st century is a good idea. Sure, the Chinese might buy it up down the road but gas and oil in the ground drives the price of that future purchase through the roof.
Yes. Oil and gas that has been discovered, but not yet produced is called “future reserves”. There are published figures on these reserves for both countries and companies. These reserves have value, assuming there is demand for them in the future.
The US is in a unique position as the country that produces the most oil (13.3 million barrels per day), while having limited future reserves.
Here are the top ten countries by oil reserves:
Venezuela: 303 billion barrels
Saudi Arabia: 268
Iran: 209
Canada: 164
Iraq: 145
UAR: 113
Kuwait: 108
Russia: 80
USA: 55
Libya: 48
And by natural gas reserves in trillions of cubic feet
Russia: 1688
Iran: 1201
Qatar: 872
USA: 369
Saudi Arabia: 295
Turkmenistan: 265
UAR: 215
Venezuela: 197
Nigeria: 180
China: 164
I am occasionally amused by the statements of growing reserves owned by various Eastern and Mideastern countries. Fortunately there is little to no verification, so the entertainment continues.
Which ones are growing? How about some numbers to back up your statement.
Charif Souki founded Cheniere energy. In Sept 1979 LNG was $94.50. In Nov 2023 it popped up above the old high, after struggling for 4 decades. The DC court might send LNG to a new high, but if LNG is in distribution, LNG might drop to $85 (2014 hi) before plunging to $45 (2006 hi).
Yes LNG prices fluctuate. They have come down quite a bit recently. Yet some here complain that high energy prices are reducing US standards of living. In 2022 nat gas was over $9. Today it is $2.
I’m long LNG again. As long as it stays above the 10-week line, I’m good with it. Will see if it can hit $200 in this move.
Really? Wow! You are far more adventurous than I am.
What do you mean by $200? Which currency and what measure of LNG?
Eur/Mwh
US$/mcf
US$/MMBtu
Something else maybe? None of the above are anywhere near $100, let alone $200.
I’m talking about Cheniere Energy, the stock (symbol LNG) Papa.
Got it. Thanks. Most of this comment section was about LNG, the commodity. I thought you were a commodities trader. My error.
That court decision means next-to-nothing.
LNG terminals have major geo-political repercussions, since the USA will be reneging on promises made to Europeans about expensive dependable gas, unlike cheap undependable Russian gas (LOL).
There will be a 50% reduction in child poverty, probably because the birth rate is headed over a cliff. Nobody can afford to start a family anymore and all the girl-power empowered women are only realizing at age 45 that there’s no one to start a family with.
Get ready for endless lawfare (in the name of justice), circumventing legislation, twisting irrelevant statutes out of context, meanwhile ignoring crime (except thought crime), and generally achieving new progress daily on the shameless disingenuity frontier.
What exactly do you think we are reneging on? We are fulfilling all our LNG contracts with Europe. 66% of the 90 mtpa of LNG we produce goes to Europe already. And we are adding another 30 mtpa of capacity over the next few months. We are the major exporter of LNG in the world and we have another 200 mtpa of capacity under proposal.
The problem with a story like this is people go bat sh*t crazy and blow it up into something it isn’t to suit their political narrative.
Which is why I avoid politics. It turns people into f*cking morons.
Let’s sell more Nat-gas than we already do, oh wait Kamala/Biden administration canceled 3 new projects.
Nope. You need to get your facts straight.
1. Nobody “cancelled” anything.
2. The lawsuit challenging FERC’s decision to approve the LNG projects was brought by the Texas City of Port Isabel, The Sierra Club, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad Costera. Not by the current administration.
3. This will likely delay one LNG project currently under construction.
But there are 5 other LNG projects also under construction right now. Two of them will be starting up by year end.
4. This will likely delay another LNG project scheduled for 2028, but there are over 15 other LNG projects that are approved and unaffected by this lawsuit.
5. There is no third LNG plant affected. Rather, the third item is a pipeline.
LNG exports have been going up every year under Biden and they are scheduled to go up quite a bit more in the next few years.
The US is already the world’s number 1 LNG exporter. Growing substantially every year. Here are the LNG export numbers for the last 5 years. (mcf=million cubic feet)
2019: 1,819,547 mcf
2020: 2,389,963
2021: 3,560,818
2022: 3,865,643
2023: 4,343,027
2024: not finished yet but it will another increase
And these numbers will keep growing as we keep building new LNG facilities. Five more are under construction right now and two of those will be finished by the end of the year. Those two alone will allow us to increase our LNG exports by another 33%.
And there are more than 15 other facilities approved for construction over the next 6 years.
Sorry that the truth doesn’t fit with your cult narrative.
Are you still hoping Europe will go back to Russian energy? Not going to happen.
That might depend upon how much cold the Europeans are willing to endure.
Biden repeated his famous “Take it or leave it”, but he doesn’t get it. Bibi supports Trump.
This set of trends is, of course, by no means unique to the United Kingdom. American prosperity per capita inflected into contraction even earlier, back in 2000. The average person in almost all of the Western advanced economies has been getting materially poorer since no later than 2007.
A high proportion of the public probably sense or at least suspect this deterioration in their living standards, though there is, in the public domain, very little published, data-supported analysis to confirm this suspicion.
The same process of inflexion is now looming for those EM (emerging market) economies which, for the past decade and more, have been portrayed as carrying the global economy forwards.
A lot of drivel has been talked about why the economies of China, India and others have outperformed the West, and will carry on doing so indefinitely. In a nutshell, we’re sometimes told that the citizens of these EM countries are hard-working and diligent, whilst Westerners have become lazy and complacent.
https://surplusenergyeconomics.wordpress.com/2024/09/02/288-without-the-elixir/
Growth in the economy, we’re told, has made the average citizen successively more prosperous over time.
Historically, though, growth has had another, perhaps even more important quality – it has rescued us from our own mistakes and misfortunes. Now that growth has ended, we’ll be compelled to ‘own’ these mistakes and misfortunes, and find innovative ways of fixing our problems within the resources that we have.
Economic growth has become the Godot for which governments, businesses, households and the markets are waiting in vain.
Let’s be quite clear about the magic elixir that we’re in the process of losing. In times past, economic expansion has rebuilt entire economies devastated by war. Growth has rescued populations from the consequences of governmental incompetence.
It has acted as a “get out of gaol free” card for businesses which have made tactical or strategic blunders.
Households mired in excessive debt have been made whole by growth in their disposable incomes, sometimes assisted by some temporary self-restraint and a soupçon of beneficial inflation.
https://surplusenergyeconomics.wordpress.com/2024/09/02/288-without-the-elixir/
How is Minnesota Fats these days?
Waiting for the economy to grow, in order to increase your wealth is a poor individual strategy. If you want to increase your wealth, work your butt off, save and invest. Repeat. Repeat. Repeat.
One Obama appointee and two Biden appointees.
The lawsuit challenging FERC’s decision to approve the LNG projects was brought by the City of Port Isabel, The Sierra Club, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad Costera.
“Ms Harris said she would not ban fracking…”
The implication is she will regulate it to the point of effectively being banned.
Dems need to reduce energy regulations to build more wind, solar, and transmission lines.
They’re working with Republicans to pass legislation to ease permitting.
This extra review risk for gas projects is an intentional strategy to ensure that deregulation of energy projects only benefits technologies favored by Democrats.
They let Sierra Club and courts do the lifting so the politicians can claim to support affordable energy.
What a load of sh*t.
If that were true, why haven’t they interrupted the 5 other LNG facilities under construction right now. Or the other 15 not yet under construction but approved by FERC?
The lawsuit challenging FERC’s decision to approve the LNG projects was brought by the City of Port Isabel, The Sierra Club, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad Costera.
Last week [1W] LNG made a new all time high. Blackrock, a kiss the gov mass co, own it. Vanguard and BlackRock own 25% of Cheniere pass LNG shares o/s, along with other institutions. They gang on the Egyptian immigrant who built it and kicked him out. LNG produced about 45 metric tonnes in 2023. To prevent an Evergrande RE collapse, the DC court prevented overcapacity.
Kamala proposed a “Grande” project with sugar in the flyover areas and the suburbs. In China there are about 10 millions ‘Incomplete apt” — pd for by individuals — and about 4/5 million unwanted vacant apt. The Chinese gov plan to complete the “incomplete apt”, for a total of 15 millions vacant apt, and rent them at lower prices. The RE sector was 35% of the Chinese GDP. The overcapacity in the RE sector was enabled by overcapacities in other sectors, like coal and Steel mfg. Kamala plan is good for OH and PA steel mfg, protected by US and Mexico tariffs on Chinese steel. Nippon, a Japanese co, wants to buy US Steel in order to import Chinese steel selling at 50% discount.
DC courts and NY courts what a mess. The much larger problem is not DC courts and the LNG decision but it is the NY Courts and the Trump sentencing on September 18.
Focus on that one Mish.
Another hijacked agency, marching to the orders of their paymasters, and making decisions based on dollar signs and promises. Mostly fake, phony, fraudulent promises on make believe happenings, and pie in the sky, ultimate nightmares.
What an absolute joke!!
Nope.
The lawsuit challenging FERC’s decision to approve the LNG projects was brought by the City of Port Isabel, The Sierra Club, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad Costera.
The environmental justice issue is not rooted in law, it’s from an Obama era executive order. And this unprecedented ruling by three progressive judges overturns precedent and puts energy promised to many parties including Europe from the one facility under construction, at risk.
Your claim rings hollow to me. Just someone with a political axe to grind. The Rio Grande LNG facility will still be built, but with some delays.
In addition, most of the contracts from Rio Grande are with China; not Europe. Contracts like these are like “letters of intent”. We will take the gas IF you complete phase x of the project.
Which is why buyers sign many of these contracts with many facilities to hedge their bets. A delay (most likely), or even a cancellation (unlikely) simply means that buyers will shop elsewhere if necessary. Most of the contracts are only scheduled to begin as various phases of the project come online over the next decade.
So save your righteous indignation for someone who cares about your politics. You are bitching to the wrong guy.
Environmental justice is code word for “destroy western civilization.”
Nope. Not even close.
How about reduce GDP (through export reductions), increase government (Democrat) power, decrease value of USA dollar, and increase price of energy?
What export reductions are you referring to?
The US is already the world’s number 1 LNG exporter. Growing substantially every year. Here are the LNG export numbers for the last 5 years. (mcf=million cubic feet)
2019: 1,819,547 mcf
2020: 2,389,963
2021: 3,560,818
2022: 3,865,643
2023: 4,343,027
2024: not finished yet but it will another increase
And these numbers will keep growing as we keep building new LNG facilities. Five more are under construction right now and two of those will be finished by the end of the year. Those two alone will allow us to increase our LNG exports by another 33%.
And there are more than 15 other facilities approved for construction over the next 6 years.
Sorry that the truth doesn’t fit with your cult narrative.
environmental justice=freeze to death. I’m still trying to wrap my mind around all the brain damage in this country and spellbound by how it ever happened in the first place!
Speaking of Spellbound, now there’s an AC/DC tune I haven’t heard in awhile. Guess i’ll go put it on and crank it up as I drink this cold beer on sat night in my dead silence rural barn.
Screw this crap raw.
66% of US LNG exports go to Europe. Their LNG storage facilities for the coming winter are already 90% full. Winters in Europe have been getting milder (thanks global warming) so Europe was never close to running out of LNG and “freezing to death” in the last two years. Though anything is possible if they get an extremely cold winter this year.
26% of US LNG goes to Asia. The other 8% is scattered all over.
Europe is flush with energy now although Hungary and Austria still get some from Russia by pipe but the contract runs out at the end of the year and Ukraine will not renew it. Hungary isn’t happy but they had two years notice but did nothing to diversify.
Yep. We have to be careful to not over build our LNG facilities here. Future demand is hard to predict. If we built every single LNG facility currently proposed its highly likely that some of them would not be needed, making them a bad investment.
One thing about natural gas though. It is the most likely source of new electricity generation being demanded by AI, EVs, and Crypto.
Decisions of private investors. Who is we?
Yes. We, being here in the US. If too many companies build LNG facilities in the US, some of them might not be viable investments if future demand does not pan out. Which is part of the investment risk.
There are already 5 new facilities under construction and over 15 more approved for construction by FERC.
Energy. My favorite topic. Thanks for this information Mish.
First off, I wouldn’t get too excited about this story. Just another bump in the road. As a big investor in this space, I see a lot of these stories. They are frustrating, and often cause delays and extra costs, but that is the reality we have to deal with. I am an investor in Enbridge, which owns and plans to build the Rio Bravo pipeline. And this isn’t the only pipeline they have that has been facing delays. This is just another accepted part of what they have to deal with to run a pipeline business.
Regarding the two LNG facilities being delayed, one is currently under construction and one is not yet under construction.
But to try to put things into perspective, let me provide some info about US LNG.
The US currently has 7 LNG facilities operating with over 90 mtpa (million tons per annum) of export capacity.
Here is the list of currently operating facilities:
Corpus Christi: 15.3 mtpa
Freeport: 15.3
Sabine Pass: 30.6
Cameron: 13.5
Calcasieu Pass: 10.0
Cove Point: 5.3
Elba Island: 2.5
In addition, the following LNG additions are under construction:
Corpus Christi: 10.4, startup this fall
Plaquemines, Louisiana: 20.0, startup this winter
Next up is one of the facilities that faces delays
***Rio Grande, 16.2 mtpa, startup in 2027, under construction right now
Also delayed is the following pipeline that would support Rio Grande.
***Rio Bravo Pipeline, Enbridge, construction to begin in 2025 and complete in late 1026, to supply Rio Grande LNG in 2027
Finally; there are over 20 proposed new LNG facilities with total capacity of over 200 mtpa, which are proposed to be constructed by 2030. Only a few of these will be built, because there isn’t enough gas to possibly supply them all.
One of these is affected by this ruling.
******Texas LNG, Port of Brownsville, 2028 startup, 4.0 mtpa, proposed; one of the smallest new proposed LNG facilities
Now, there are some here who will cheer this decision as they don’t want to export US energy at all. They want to keep all US natural gas for US consumers only and want to keep prices lower. They don’t want US companies to profit by selling natural gas for around 3x-4x the price they can get in the US. I do not agree with this position. If we want to keep our economy growing, we must keep exporting.
There are others who will be outraged by government interfering in US businesses. I share this frustration, but as I said, this is nothing new.
Thanks as always for your insight Papa! I do get frustrated by the BS behind the scenes, but you’re right it’s part of the “Game” being played these days.
It’s all about getting approved what will align with “Somebody’s Agenda Item” and not about what’s in the best interest of America & Americans. They place more weight on a decision, on how it will affect their agenda and ideology to get and maintain power and control over the masses.
It is absolutely infuriating, as we are all Americans and should have an Agenda aligned with that prevailing sentiment. What does it do to Help America? Help Americans? Help Our Country!!!
So I look at some of the things being pushed by our current Government Leadership and it’s preposterous…
– Taxpayers Money being utilized to buy Homes for illegal immigrants, when 40%+ of Actual Americans Don’t Have A Home!
– Taxpayers Money being given to Other Countries, when Actual Americans are broke, destitute, living on the streets, hungry, beat up, broke, own nothing, and are Actual Citizens!
The List is rather endless and gets worse as you add to it…
Just saying… Enough!
Yes. It is infuriating. But there is a need for regulation and oversight. In the distant past there was nothing in place to prevent bad actors from doing harmful things. Like early refiners dumping all their gasoline production into rivers because there wasn’t a need for it yet. Or unnecessary flaring of natural gas today (yes, some of it IS necessary); why waste a precious resource and add to emissions if it can be avoided?
The trick is to find the right balance that allows free enterprise while reducing harm to us or the environment. And yes, the pendulum swings in both directions (too little vs too much).
This is nothing new. It’s been going on for more than a century now, under every single administration. I have watched it my entire life and simply accept that this is part of doing business. It will never be perfect. It will never satisfy all competing interests.
It’s one of the reasons that it took 15 years to build our newest nuclear reactor and there are no further new reactors being proposed.
I suspect that Rio Grande and Rio Bravo will still be completed after some delays. Whether Texas LNG gets built at all is not a big deal, given 20 other competing proposals.
Again. Nothing I can do about this reality. Except try to take advantage of it where possible.
This discourages investment by creating a risky investment environment. Why invest millions or billions into energy infrastructure if you are worried about kangaroo courts shutting down your projects?
Correct. Investment always involves risk. This is just one of a hundred risks to be considered.
And after all considerations, I have found myself investing almost exclusively in the US and Canada now because they have the most favorable “rule of law”. I have been burned too many times in places like Venezuela, Columbia, Argentina, Bolivia, etc.
This is nothing compared to nationalization and expropriation.
Thanks for the clarification.
And I greatly agree, about the necessity of exporting.
Thanks. Like you, I want to see American businesses make profits. And I want to share in those profits through share ownership.
Where do you get all the natural resources information. Also those mlp’s like Enbridge have great yields. Are they reliable?)
I get my info from multiple places online like the EIA, IEA, BOE etc. I follow many oil and gas sources on X. I use the App from Oilprice.com. Google News. World in Data. Wikipedia. Etc. Too any to mention.
Enbridge has a yield that is pretty safe, “in my opinion”. They have raised their dividend for 29 years in a row. However, catastrophic events, like huge pipeline spills or explosions are always possible, which could alter their outlook. Which is why you should diversify your portfolio. I own some, mainly for the yield, and what I think will be modest growth over time.
Given that interest rates should decline over the next few years, high yield investments like Enbridge should do well.
If its in Texas, where does a DC court get standing to interfere in the project? This should be a cinch to overturn on appeal.
Maybe any federal case can be tried in any federal court.
Well, that’s not true. It looks like in this case FERC was at least one of the defendants and that is a federal agency. So, picking the commie DC court to bring the case was a natural.
The lawsuit challenging FERC’s decision to approve the LNG projects was brought by the City of Port Isabel, The Sierra Club, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad Costera.
EPA definition: “The fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income, with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.” What a load of garbage.
The Supreme Court lacks the courage to overturn this decision.
Supreme morons.
The managerial bureaucracy will simply continue to ignore the Supreme Court rulings.
I am unable to put into print what I think of this woman.
From Article…“My values have not changed,” replied Harris, pretending to be pro- and anti-fracking simultaneously.
Harris is so they say— Politician talking out of both sides of their mouth.
Either story works as long as Harris gets another Vote for it.
“My values have not changed,” replied Harris, pretending to be pro- and anti-fracking simultaneously.”
From that great answer to a policy question, I think she is saying that whatever she tells you on a policy matter can prove to be wrong later should her values change.
My Values Haven’t Changed…. so its still ok for a 30 yr old chick to shack up with a 60 year old married guy…
BTW.. Willie Brown says her favorite political position is women on top and not missionary…
Since Chevron Deference has been ruled unconstitutional by the Supreme Court, the entire body of regulatory rules in the Federal Registry should be reviewed with the guidance of this ruling and culled of those which are purely made up by executive agencies. I would imagine that the reduction would be quite substantial.
“Environmental Justice?!”
How fake is that? Do environmental justice warriors pledge to not use natural gas? Of coarse not. They don’t want to freeze to death during the winter.
I have 10000 shares of Next Decade NEXT the company behind the Rio Grande Valley LNG projects. I believe the phase a project will be re-approved and $4.60 will look like it was a great buying opportunity five years from now. I’m not going to buy more shares because I don’t bet a lot on individual small companies and this is at my maximum position for a small energy company.
Sounds wise to me! Good luck!
“How should voters look at some of the changes that you’ve made?” Bash asked Harris. “Is it because you have more experience now and you’ve learned more about the information?
Was Harris wearing a bib, when Bash gave her the pablum responses spoon fed into her mouth? Reminds me of when the female CBS moderator of the second 2016 debate jumped to put words in Hillary’s mouth, in response to Trump reaming her over the server issue. Political partisan activism, not journalism. How can we have free and fair elections when so many thumbs are on the scale for one political candidate?
Thank goodness Germany still has lignite imports to burn.
Biden/Harris was not fooling anyone, except perhaps some particularly naive democrats.
If the US can’t export LNG, what was the point of blowing up Nordstream?
The Norwegians can export LNG.
They double crossed us!
A false narrative. We are the world’s biggest exporter of LNG. And we will be exporting even more over the next year; from 90 mtpa this year to 120 mtpa next year.