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MORNING ENERGY NEWS | 02/10/2020
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** Owning a six figure electric car that's very taxing on the environment is the best way to care for the environment.
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** "While exporting LNG to 37 countries across 5 continents, we are sharing our energy bounty with our allies around the world, and look forward to building upon our progress in the months to come."
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– Dan Brouillette, U.S. Secretary of Energy ([link removed])

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The scam is coming unbound.

** Los Angeles Times ([link removed])
(2/6/20) reports: "A wind turbine’s blades can be longer than a Boeing 747 wing, so at the end of their lifespan they can’t just be hauled away. First, you need to saw through the lissome fiberglass using a diamond-encrusted industrial saw to create three pieces small enough to be strapped to a tractor-trailer. The municipal landfill in Casper, Wyo., is the final resting place of 870 blades whose days making renewable energy have come to an end. The severed fragments look like bleached whale bones nestled against one another...Turbine blades can last up to 20 years, but many are taken down after just 10 so they can be replaced with bigger and more powerful designs. Tens of thousands of aging blades are coming down from steel towers around the world and most have nowhere to go but landfills. In the U.S. alone, about 8,000 will be removed in each of the next four years. Europe, which has been dealing with the problem longer, has about 3,800 coming down annually through at least 2022,
according to BloombergNEF. It’s going to get worse: Most were built more than a decade ago, when installations were less than a fifth of what they are now."

New Yorkers talking to their HVAC system after reliable energy is banned.

** S&P Global ([link removed])
(2/6/20) reports: "New York City Mayor Bill de Blasio announced that he will work with the city council to develop legislation prohibiting the use of natural gas and fuel oil in large buildings, part of a suite of renewable energy and climate policies during his State of the City address. The announcement signals the nation's most populous city intends to join the growing movement to ban natural gas, which is spreading through California and taking root in the Boston area and Washington state. If passed, the measure would build on a 2019 bill that sailed through city council requiring large buildings to take steps to reduce their carbon footprint. 'Patterned after that extraordinary retrofit law for our big buildings, we are going to take the next step. We will work with the council on a ban, ending the use over the next two decades — ending the use — of oil and gas in our buildings, replacing it with clean electricity,' de Blasio said during the Feb. 6 address...Most building gas bans and
electrification codes apply to new construction and renovations, though one proposal in Bellingham, Wash., would require property owners to convert to electric heating systems in existing buildings by 2040."

So much for a "magic bullet."

** Bloomberg ([link removed])
(2/6/20) column: "I love taxes. OK, let me qualify: I love how simple the intended effect of taxes is, if and when it is intended. For climate change that means taxing carbon and watching demand for it go down. Markets will take care of the rest. The goal ought to be to find the right price for each ton of CO₂ and get out of the way. Economics 101. Econ 102, meanwhile, tells us that taxes alone aren’t enough....Germany’s Energiewende, a government-led program to jump-start an energy transition away from fossil and toward renewable technologies, played a significant role. Germany has subsidized solar PV via ambitious feed-in tariffs, offering a favorable long-term contract for anyone installing solar panels. ...Those government policies are textbook Econ 102: Subsidize heavily at first, and quickly scale back. California has done something similar with its Solar Initiative, offering large initial subsidies for everyone installing solar panels on their roof."

Energy Markets


WTI Crude Oil: ↓ $50.29
Natural Gas: ↓ $1.79
Gasoline: ↓ $2.43

Diesel: ↓ $2.90
Heating Oil: ↓ $163.66
Brent Crude Oil: ↓ $54.39
** US Rig Count ([link removed])
: ↓ 817



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