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MORNING ENERGY NEWS  |  02/07/2020
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That's a bold strategy, Bernie. 


The Texan (2/6/20) reports: "Sen. Bernie Sanders (I-VT) has been gaining momentum in the Democratic presidential primary. Given this new wind in his campaign sails, Sanders is apparently planning various executive orders he would enact upon entering the White House. One such order, according to documents obtained by The Washington Post, would be reinstituting the crude oil export ban...Economically, however, this move is credited by many observers as a significant driver of Texas’ booming energy decade. The United States vaulted into the top 10 oil exporters after the ban was lifted and today is the largest producer in the world...The U.S. currently tops the world in crude oil production — producing 18 percent of the world’s supply. And Texas is responsible for a large portion of that. Should a ban be reinstituted today, the U.S. would lose market access for 3.5 million barrels per day of crude oil and 5.8 million barrels of refined products in exports — based on EIA records from the week of January 24...It’s worth noting that there are over 428,000 oil and gas workers in Texas — over 62,000 of which work explicitly in crude oil extraction. The impact that Sanders’ proposal would have on these jobs and one of the most critical industries in Texas is unsurprisingly already coming under scrutiny as the Democratic primary plays out."





"Regulatory agencies should not write their own laws."

 

– Andrew Wheeler,
Administrator of the EPA

Bojo's Brexit blocks Britain from beef tax. It's baked beans and bugs for the rest of Europe!


Euractiv (2/6/20) reports: "A new report commissioned by the Dutch True Animal Protein Price Coalition (TAPP) suggests that retail price of meat does not reflect the environmental costs associated with its production, and calls for a 'sustainability charge' on meat. On 5 February, Greens and socialist lawmakers backed the outcomes of the report at its launch event at the European Parliament, calling for a new meat pricing model to be included in the European Green Deal and the EU’s new food policy, the Farm to Fork Strategy (F2F)...The charge rate should also be applied gradually starting from next year, reaching the full coverage of the external environmental costs, such as CO2 emissions and biodiversity loss, by 2030. The introduction of a levy on meat to cope with animal welfare and environmental concerns is already being debated in Germany and the Netherlands, while the general issue of increasing meat prices has also been raised in other EU countries...With its F2F strategy, the new Commission is now putting the focus on the entire food production and one of the key points of any environmental legislation is getting the price right, Green MEP Bas Eickhout told EURACTIV on the sidelines of the event...The other aim of the levy is to reduce meat consumption, encouraging a shift towards plant-based diets. If implemented, the meat tax would reduce chicken, pork and beef consumption by 30%, 57% and 67%, respectively, by 2030."

LNG from Russia with love, thanks to Big Green, Inc.


Energy Information Administration (2/4/20) reports: "As many of the coal-fired power plants in New England and New York have either retired or switched fuels, the regions’ coal-fired electricity generation and coal consumption have fallen to near minimal levels. Additional closures in the coming months will further reduce coal consumption in these regions. In 2007, when coal-fired electricity generation peaked in the United States, coal accounted for 15% of the electricity generated in both New England and New York. Once final data for 2019 are available, the U.S. Energy Information Administration (EIA) expects coal’s share of generation will be less than 1% in each region...The closing of coal-fired capacity in New England and New York is the result of a combination of tightening environmental regulations and increasingly competitive wholesale power markets. Plant owners are finding these factors difficult to overcome, especially if continued operation would require investment in environmental control equipment or other upgrades. Even before plant closures were announced, operation of the region’s coal fleet already had been affected: coal-fired capacity factors (which reflect power plant utilization) had fallen to 5% in New England and 6% in New York, based on 2019 data through November."

Jean Girard's newest scheme: turn one of the most densely populated cities in the world into a tinder box. What could possibly go wrong?


The Times (2/6/20) reports: "President Emmanuel Macron has ordered that new public buildings financed by the French state must contain 50 percent wood or other ­organic material by 2022 under an ambitious government plan for a greener urban life. The government announcement, made on Wednesday night, is part of a drive for sustainability by Mr Macron, who wants France to set an example in the face of climate change. The plan also includes the immediate creation of 100 'urban farms' in densely popul­ated areas. Minister for Cities and Housing Julien Denormandie, 39, said the plan would promote low-carbon towns 'that are capable of adapting to heatwaves and floods.'...The 2022 deadline did not surprise an industry that has been rushing under state pressure over the past few years to adopt wood, after resisting the trend led by the Nordic states and The Netherlands. Concrete is still king for structure in the building industry but architects and developers around the country have been embracing wood for commercial projects and housing...Mr. Macron, 42, is keen not to be outshone by the socialist Paris council, led by Anne ­Hidalgo, which is rushing to make the crowded capital one of the world’s greenest cities." 

Well, at least we can rule out who is not rigging the primary.

If you oppose a carbon tax, please contact us and take a stand.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↓ $50.55
Natural Gas: ↓ $1.85
Gasoline: ↓ $2.44
Diesel: ↓ $2.91
Heating Oil: ↓ $165.59
Brent Crude Oil: ↓ $54.56
US Rig Count: ↑ 819

 
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