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MORNING ENERGY NEWS | 8.1.2019
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** Who is paying for all of this?
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E&E News ([link removed]) (7/31/19) reports: "In showdowns set up by the CNN moderators during the first part of the second set of debates in the 2020 primary, candidates including Massachusetts Sen. Elizabeth Warren and Vermont Sen. Bernie Sanders argued that their ambitious platforms are more in line with the urgency of climate change than the policies that candidates such as former Colorado Gov. John Hickenlooper and former Maryland Rep. John Delaney framed as more politically viable. 'I get a little bit tired of Democrats afraid of big ideas,' Sanders, a progressive who favors the Green New Deal, remarked after Ohio Rep. Tim Ryan outlined how his manufacturing agenda would make the United States a worldwide leader in technologies like electric vehicles and solar panels... Warren plugged her plans to spend trillions of dollars fighting climate change, including efforts to increase U.S. production of clean energy technology and export it
worldwide."
** "Relying on wind for nearly one-third of Texas’ electricity poses serious reliability issues to the power grid. Access to inexpensive wind power is great when the wind is blowing. But often in the late afternoons of July and August, when demand for power is strongest, the wind dies down in West Texas, where most of the turbines are installed. That is why it’s so important to maintain a healthy reserve margin with baseload plants, which supply electricity continuously. Texas needs coal, nuclear, and large gas plants."
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–[link removed](Premium)&utm_source=t.co&utm_medium=referralB ([link removed]) ernard L. Weinstein, Maguire Energy Institute ([link removed](Premium)&utm_source=t.co&utm_medium=referral)
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Protecting our parks and producing energy are not mutually exclusive.
** The Hill ([link removed])
(7/27/19) op-ed "Western Energy Alliance represents oil and natural gas producers that operate in the West where the vast majority of parks and other public lands are located. We live and work in the West. Like all westerners, we love the national parks and their iconic landscapes. We hike, bike, backpack, hunt, fish and enjoy public lands just like everyone else. That’s why we take our stewardship of the West very seriously. Oil and natural gas development has impacts just like any other energy development or productive human activity. That’s the nature of development. Because of that, we operate in an environmentally responsible manner to minimize impacts. We comply with literally thousands of state and federal regulatory requirements meant to ensure we minimize risks and are held accountable when we make mistakes. But we’re also proud that we can provide a long-term solution to fixing the $12 billion backlog of park maintenance projects. Roads, trails, visitor centers and other
infrastructure that enable visitors to enjoy the parks are chronically underfunded. The Restore Our Parks bills would take a portion of the revenues that companies pay to the federal government and direct them to national parks to meet this funding shortfall."
Is this real life?
** Fox News ([link removed])
(7/31/19) reports: "Google Camp is hosting the likes of former President Barack Obama, Prince Harry, Leonardo DiCaprio and Katy Perry in Sicily, Italy, to discuss climate change, but it may come at a steep cost to Mother Earth. Sources told the outlet that the three-day event will cost the tech giant $20 million. Many of the guests, including Obama and DiCaprio – who has his own climate change foundation – have described global warming as the biggest threat to future generations. Italian press reports allege that the Google Campers would show up in 114 private jets, and 40 had arrived by Sunday."
HBO's goal: make energy as scary as possible.
** Clear Energy Alliance ([link removed])
(7/31/19) video:
** ([link removed])
OPEC's oil output is the lowest it has been in eight years.
** Reuters ([link removed])
(7/31/19) reports: "OPEC oil output hit an eight-year low in July as a further voluntary cut by top exporter Saudi Arabia deepened losses caused by U.S. sanctions on Iran and outages elsewhere in the group, a Reuters survey found. The 14-member Organization of the Petroleum Exporting Countries pumped 29.42 million barrels per day (bpd) this month, the survey showed, down 280,000 bpd from June’s revised figure and the lowest OPEC total since 2011."
Energy Markets
WTI Crude Oil: ↓ $57.75
Natural Gas: ↑ $2.26
Gasoline: ↓ $2.72
Diesel: ↓ $2.99
Heating Oil: ↓ $194.70
Brent Crude Oil: ↓ $64.36
** US Rig Count ([link removed])
: ↑ 1137
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