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Oil, Gas, And Fracking News Reads: 20December 2020

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and ....

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'The Fossil Fuel Industry Is Terrified': Gas Company Sues to Destroy Small Town's Rights of Nature Law

In a clear signal of how the fossil fuel industry feels about efforts to enact Rights of Nature protections that safeguard communities and the environment from the impacts of coal, gas, and oil development, an energy company has yet again filed a federal lawsuit challenging a local law in Grant Township, Pennsylvania.
This is the second time that Pennsylvania General Energy Company (PGE) has sued over the 2015 law, which aims to keep fracking waste injection wells out of the community of about 700 people.
Though the Pennsylvania Department of Environmental Protection (DEP) also previously sued the township, earlier this year in what ....

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