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MORNING ENERGY NEWS | 01/29/2020
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** Weird. Suddenly it matters whether or not a source is dispatchable.
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Utility Dive ([link removed]) (1/27/20) reports: "Surprisingly, the plunging cost of some renewables could keep states from reaching ambitious climate goals if planners fail to recognize the higher value in some higher cost renewables. States like New York, Massachusetts and California with ambitious 2030 renewables and 2045 emissions reduction mandates are starting to find a tension between cost and value. Offshore wind's reliability and emissions reduction values have raised its profile, though it remains more expensive than onshore wind. Now California policymakers are beginning to see the potentially extraordinary, but so far unrecognized value of its geothermal resources...Unlike solar and wind, geothermal is fully dispatchable. Like offshore wind in New England, it is abundant in the West but has gone underused because of development costs. Those costs, though, may be outweighed by a
high capacity factor that can allow it to provide a wide range of grid services, and its brine's potential, being pursued by Warren Buffett’s Berkshire Hathaway Energy and others, to be an unmatched source of lithium for batteries...California’s grid operator is concerned about meeting the state’s growing early evening peak demand when solar generation is diminishing, Olsen said. The CPUC 'is directing the addition of low cost solar, which has almost no value when the grid needs it most'."


** " Trump threw down the gauntlet before Europe’s governing classes, standing up for free enterprise, limited government, and an administration that cares about all of its citizens, not just plutocrats and bureaucrats."
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– ([link removed]) J ([link removed]) ohn Hinderaker, Power Line ([link removed])

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A legal victory for every American family.

** I ([link removed])
** nside Sources ([link removed])
(1/27/20) column: "Nearly every American depends on petroleum products in their daily lives, and today they can rest more soundly, for now at least. Last month, a New York State Supreme Court judge found that the state’s attorney general failed to establish evidence that ExxonMobil engineered a 'longstanding fraudulent scheme…to deceive investors and the investment community...concerning the company’s management of the risks posed to its business by climate change.'...The judges ruled that managing greenhouse gas emissions is reserved to the Environmental Protection Administration under the Clean Air Act and that plaintiffs cannot use tort law as a means of setting global warming-related regulatory policy....his climate litigation debacle is falling apart as many legal analysts predicted. The New York attorney general’s office lost big. With a watchful eye on coming decisions in California, New York, and in other states, our nation’s largest energy producers and the consumers who rely on
affordable, reliable energy can only hope these baseless lawsuits will finally end."

Great work by the Shale Gas News team documenting how the Shale Revolution is changing lives across the country.

** ([link removed])

Elon after talking with the Carpoffs.

** B ([link removed])
** loomberg ([link removed])
(1/24/20) reports: "The co-owners of a California-based solar company pleaded guilty in connection with an alleged $1 billion Ponzi scheme whose victims include Berkshire Hathaway Inc. Jeff Carpoff pleaded guilty Friday in federal court in Sacramento to conspiracy to commit wire fraud and money laundering, according to court records. His wife, Paulette Carpoff, admitted to money laundering and conspiracy to commit an offense against the U.S. Four others with ties to their company, DC Solar, have already pleaded guilty in the case...DC Solar, however, built and leased only a fraction of the roughly 17,000 mobile units it claimed were in use, authorities said. Instead, DC Solar used money from new investors to pay off old ones, according to a statement from the U.S. Attorney’s Office in Sacramento...Proceeds from the fraud fueled the Carpoffs’ personal spending, authorities said. At one point, the couple owned more than 150 cars, including classic Fords and Bentleys. They also owned
properties in Lake Tahoe, Las Vegas and the Caribbean and a professional baseball team based in Martinez, California, northeast of San Francisco, authorities said. Earlier this year, the U.S. Marshals Service held an auction for about 150 luxury cars seized from the Carpoffs, including a 1978 Pontiac Firebird Trans Am once owned by Burt Reynolds."

Energy Markets


WTI Crude Oil: ↑ $53.70
Natural Gas: ↓ $1.91
Gasoline: ↓ $2.49

Diesel: ↓ $2.96
Heating Oil: ↑ $171.81
Brent Crude Oil: ↑ $59.84
** US Rig Count ([link removed])
: ↑ 827



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