“According to a recent ICF study, the Northeast will host more than one-fourth of all U.S. capacity expansions for natural gas pipeline investment through 2020 and about a third of NGL pipeline capacity. According to the study, the Marcellus, all told, is projected to stimulate nearly $70 billion in investments in natural-gas and NGL-related infrastructure through 2035.”

Pennsylvania was the birthplace of the oil and natural gas industry in the 1800s. A century and a half later, the Marcellus shale play has once again put Pennsylvania and West Virginia in the energy headlines.

This time the focus is on natural gas more than oil–and with wells that are at least one hundred times deeper than the first oil well drilled in 1859. The rapid growth in supplies in an area exceptionally close to major demand markets has been a benefit to regional economic growth and has helped reduce U.S.…

“When I attend NARUC meetings and other topical meetings, I am absolutely astounded by the number of rent-seeking non-profit organizations that are advocating for changes to shape the electric industry in ways that accommodate their interests (where do they get all that funding?).

Not all of them are wrong! But most assuredly, many of them are!”

The electricity regulatory framework is broken.

The long list of market distorting policy includes subsidies, mandates, mispricing, costly but ineffective regulations, entry restrictions, political vs. evidence based decision-making, social vs. market emphasis, and just plain anti-market bias. Add to this a gaggle of well-financed crony capitalists that can attend endless meetings to advocate for more of these misguided efforts.

The myriad reforms, just another layer of politicization, will take us even further from an economically coherent electric services industry to one that is full of command and control.…

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy & environmental policies. Our basic position is that technical matters like these should be addressed by using Real Science. It’s all spelled out at WiseEnergy.org, which is a wealth of energy and environmental resources.

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and environmental matters. We appreciate MasterResource for their assistance in publishing this information.

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Greed Energy Economics:

Parasitic wind killing its host

The Economic Impact of New Jersey’s Renewable Portfolio Standard

US Electricity Price Surged to All-Time Record for March

AWEA spins price distortions to save PTC

Tax Extenders an Opportunity to Improve the Tax Code

Expert: Renewables Add Billions to N.C.…

“We need to recognize the enormous health and environmental benefits in ending energy poverty, eliminating household air pollution, and increasing access to low-cost electricity. Everyone in the world deserves to live as well as those in developed nations. Let’s use more energy, more cleanly, every day.”

– Gregory Boyce, chairman and chief executive officer, Peabody Energy (February 26, 2014)

Bravo! … This is by far the best coal-industry campaign since the Greening Earth Society made a powerful case for the positive externalities of carbon dioxide (CO2) emissions back in the 1990s. The new effort, two months old, was announced with this headline:

Advanced Energy for Life Campaign Launched to Build Awareness and Support to End “World’s Number One Human and Environmental Crisis” of Global Energy Poverty

“Calling global energy poverty the world’s number one human and environmental crisis,” the press release read: “Peabody Energy today launched a comprehensive global campaign aimed at building awareness and support to eliminate energy poverty, increase access to low-cost electricity and improve emissions through advanced clean coal technologies.”…