Right now, Pennsylvania drillers pay no tax for taking gas out of the ground. Next year, they might pay a flat fee of $160,000, which breaks down, on average, to about 1% of what a company stands to make from a well. It’s less than any other state, and as many Pennsylvania’s put it, “Texas [...]
The only difference between America’s water and Africa’s is chlorine, Pittsburgh-based civil engineer Greg Scott told me last fall. What keeps Americans healthy isn’t necessarily the quality of the nation’s water. The difference between first world and third largely lies in a nation’s ability to treat its water. That’s one reason why failing infrastructure is [...]
Today’s Wall Street Journal–yes, even the editorial page–has a couple of interesting articles to follow. It’s time for American investors to learn what other global citizen’s already know. Investing in infrastructure as an asset, meaning putting long-term investments into bridges and roads may be a smart retirement move. There are risks, of course, but today’s [...]
Yesterday, actor Mark Ruffalo (“The Kids Are Alright,” and the forthcoming “Avengers,” boarded a bus in New York City to deliver drinking water to Dimock, Pa. Some of the town’s residents lost the use of their water after natural gas drilling by Cabot Oil and Gas apparently led to the migration of methane gas into [...]
Eco-friendly fracking fluid set for debut Based on food wastes, new fluid is non-toxic, water table friendly and bio-degradable Guymon, Oklahoma – A newly developed fluid for use in oil and natural gas hydraulic fracturing (fracking) operations is now ready for testing in field operations, Family Joule Holdings, Inc. (FJH) announced today. Based largely on [...]
One of the current debates over natural gas drilling boils down to the simple dollars and cents of paving and paying for roads. In some cases, drillers have paid for upkeep and improvements that have made it easier for residents living near wells to get to work. In others, traffic and wear and tear have [...]
In today’s WSJ, an excellent piece by Guy Chazan, BIG OIL HEADS BACK HOME, chronicles the return of America’s energy companies to American soil from Africa and the Middle East. Actually, it’s less a story of return than a new frontier in unconventional fuel sources….Chazan notes that a pro-energy concern, PFS Energy, based in Washington [...]
Japan looks to shale gas, buys into American gas boom to make up for Fukushima disaster.
Head of PA Department of Environmental Protection lobbies for fracking.
It’s a great idea and one which other countries, like Australia, know well. Cuomo is trying to determine how to use investments of private pension funds to rebuild the Tappan Zee bridge. Infrastructure, like bridges and toll roads, form a fairly stable asset class. Great for long-term investment, which is what smart pension funds look [...]