Saturday, October 30, 2010

Here's Why The Marcellus Shale Discovery Will Be A Disappointment

The Traveling Circus
Shale play promoters constantly try to divert attention and analysis from current plays to newer plays. Newer plays have less data to analyze and, therefore, reserve claims are more difficult to question. Because the Barnett and Fayetteville shale plays have under-performed expectations, we were invited a few years later to consider the future potential of the Haynesville Shale play. Now that the Haynesville looks disappointing, we are asked to consider the Marcellus Shale play. Since the State of Pennsylvania does not publish monthly production data for analysts to evaluate, no one can dispute or confirm the claims made by operators. With the shift to liquids-rich plays like the Eagle Ford Shale, we are again asked to trust the same promoters that sold us under-performing plays in the past that this time it will be different.
We should call a time out at this point and ask for a reality check. This will never happen because the capital keeps flowing and the promoters continue drilling and leasing. There appear to be a host of foreign investment companies that may provide capital for the shale plays now that operator debt has reached extreme levels, and most available assets have been sold at considerable damage to shareholders.Read more:

Wednesday, October 27, 2010

Robertson to give French and Indian War talk Oct. 30 at library

Robertson to give French and Indian War talk Oct. 30 at library
A local historian will trace western Pennsylvania’s involvement in the French and Indian War during a talk Saturday, Oct. 30, at the Barbara Moscato Brown Memorial Library in Emporium.
William Robertson of Duke Center, dressed as a 1750s woodsman, will begin the program at 10 a.m. Fourth Street library. The Cameron County Genealogy Club is sponsoring the free event.
He will read from two of his historical fiction novels, “Ambush in the Alleghenies” and “Attack in the Alleghenies.” The first novel begins with George Washington’s 1753 spy mission to Fort Le Boeuf and ends with Gen. Edward Braddock’s defeat near Fort Duquesne. The second book
gives an account of the mayhem spread by the Delaware warriors of Kittanning and of the raid led by Colonel John Armstrong in 1756 to destroy the Indian stronghold.
Robertson’s books deal with the adventures of eastern mountain men, Lightnin’ Jack Hawkins, Will “Big Cat” Cutler, Bearbite Bob Winslow and Alexander MacDonald.
His books will be for sale, and muskets and other artifacts will be on display.
For more information about Robertson and his work, visit his website at
For information about his talk, e-mail the Genealogy Club at

Saturday, October 23, 2010

Photo of the Day

Red Raider spirit was sky high during the exciting overtime win against the Port Gators on Friday night

Friday, October 22, 2010

GKN sales continue to grow with help from powder metallurgy division

Growth in Powder Metallurgy In the automotive sectors, including the group’s powder metallurgy business, overall demand during the third quarter remained at similar levels to the second quarter, with the European seasonal decline less than normal and strong demand in North America and Asia. Sales increased by 34% compared with last year, to £800 million (2009: £598 million), up 28% on an underlying basis.
Overall, Automotive trading margin was 6.9%, with Powder Metallurgy trading margin at 7.9% and Driveline at 6.6%. Driveline’s profits were held back somewhat during the quarter as a result of additional temporary labour costs in Europe to meet higher than expected customer demand during the holiday season and increased raw material costs which should largely be recovered over coming months.

Sunday, October 10, 2010

Photo of the Day

It was a beautiful Saturday to be outdoors enjoying the CC foliage

Saturday, October 9, 2010

PIZZA PALACE /Our new "SUN PIZZA" for our sunny weekend

After all of the rain (that we needed), we finally got a great weekend!

The Palace is rolling out a new pizza, called "The SUN PIZZA". It is made with our award winning dough, and painted with a light coat of Olive Oil. We then add Ricotta Cheese, Fresh Spinach, Raisins, our own blend of Mozzarella and Provolone Cheese, A little Feta Cheese, and top it all off with some Sunflower Seeds.

We took this pizza to the the Orlando Gluten Free Competition this year, and won fifth best in America with it. Attached is a photo from the competition. The judges loved the originality of the toppings, and we hope you do too.

We will be rolling out gluten free pizzas in the near future, so if you know anyone with this specific dietary need, help us get the word out. Until then, try our new SUN PIZZA, and let us know what you think.

Have a GREAT weekend, from all of us at the "Palace".

Best, Dave

Thursday, October 7, 2010

Governor Rendell Says PA Wilds Initiative Generating Economic Benefits During Grand Opening of Latest Nature Tourism Site in Elk County

'Green' Elk Country Visitor Center Stands as Signature Facility in PA Wilds Initiative
BENEZETTE, Pa., Oct. 6 /PRNewswire-USNewswire/ -- At the peak of elk viewing season in the Pennsylvania Wilds, Governor Edward G. Rendell today officially opened the new Elk Country Visitor Center. The facility showcases a region known for its magnificent natural resources, majestic scenery and many opportunities to get an up-close view of wildlife.
The 8,420-square-foot green building, nestled on 245 acres owned by the Department of Conservation and Natural Resources, includes interactive interpretive exhibits, wildlife trails and viewing blinds, year-round restrooms and parking for cars and buses.
"We proposed this center three years ago as one of the first major state investments as part of our Pennsylvania Wilds initiative, so it's incredibly exciting to see it become a reality," Governor Rendell said. "People from all over the nation and all around the world come to this region to experience everything it has to offer. This center is now a key destination for those visitors. It's just another part of what my administration has done to boost tourism and economic development in the region and teach people the importance of conservation and environmental stewardship."
The Governor pointed to a report issued earlier this year showing the positive economic impact of the PA Wilds initiative:
From 2004 to 2008, while national park attendance was relatively flat, attendance at the 29 state parks within the Wilds region increased by 3.3 percent per year;
From 2002 to 2006, visitor spending within the Pennsylvania Wilds region grew by 6.3 percent per year;
From 2002 to 2007, tourism employment and earnings within the region increased by 0.5 percent and 5.4 percent per year, respectively.
For Elk County, the Governor said the initiative has boosted local revenues through higher hotel tax receipts, which increased 30 percent from $67,000 in 2005 to $87,000 in 2008.
The visitor center is already very popular. More than 20,000 visitors from 29 states and six countries have visited it since its "soft opening" in early September.
The facility includes a multimedia theatre complete with fiber optic star ceiling and a "smoking" campfire to immerse the visitor in the sights, sounds and smells of a mixed hardwood forest, the natural world of the elk and native wildlife and the heritage of the region. Web cameras also provide a glimpse of fields and wildlife beyond the viewing range of the center, and wildlife watching trails and viewing blinds to provide closer encounters for the more adventurous. The center also has space to accommodate school groups and special programs.
It also uses the latest green technologies to lessen environmental impact and showcase innovations in environmental sustainability, with features such as rainwater collection and reuse systems; night sky-friendly light fixtures; use of locally available materials and certified wood from sustainably harvested timber; and geothermal heating and cooling. The building is eligible for LEED "Gold" certification.
The commonwealth invested $6 million to build the center with another $6 million coming in the form of private donations and management costs. The Richard King Mellon, Dominion, and Thoreson foundations; Safari Club International; Eastern Chapter Foundation for North American Wild Sheep; Grice Gun Shop; and many individual donors made contributions for the center.
The facility is owned by DCNR and will be operated by the non-profit Keystone Elk Country Alliance, in conjunction with the department.
"Our intention for this world-class facility is to provide a safe and rewarding elk-watching experience and engage visitors in educational exhibits that will further their understanding of elk and their natural habitat," said Rawley Cogan, president and CEO of the Keystone Elk Country Alliance.
"This center will give us additional opportunities to reach out to new visitors—some 50 million of them in Pennsylvania and its surrounding states," Governor Rendell said. "Drawing visitors to this area is a great shot in the arm for local economies.
"Already, largely because of the response to the PA Wilds initiative, 15 bed and breakfasts, lodge and cabin operations have opened in Elk County. And since this center's soft opening last month, all businesses in Benezette have expanded their operating hours and the number of days they are open during the week to meet new customer demands. That's great news for the local and regional economy."
For more information about the Elk Country Visitor Center, visit or call 814-787-5167.

Sunday, October 3, 2010

PA Wilds conference ... Communities can learn to cash in on geocaching

EMPORIUM - Lyn Pilch, a marketing professional whose Madison, Wis.-based public relations firm has worked with more than 100 tourism destinations around the country, will be the keynote speaker at the Pennsylvania Wilds Planning Team's annual trails conference this November.This year's conference, "Cashing-In on Geocaching," will focus on how trail groups, businesses and communities can use geocaching as an economic and community development tool to improve foot traffic to local businesses, raise awareness about trail group activities, express conservation and stewardship messages to visitors, and more."Geocaching is a growing trend in the Pennsylvania Wilds," said Matt Quesenberry, chairman of the PA Wilds Planning Team. ....READ MORE