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DAILY ENERGY NEWS  | 06/12/2023
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This column has probably received more eyeballs than this ridiculous movie... 


Real Clear Energy (6/8/23) column: "The recent release of the environmentalist action film “How to Blow up a Pipeline” is a dangerous shot across the bow for anyone who cares about safe and reliable energy. The film criticizes climate activists’ commitment to pacifism and argues for the adoption of strategic property destruction as a tactic to destroy pipeline infrastructure projects. While some may try to minimize the concerning nature of this film, it appears the goal is to make it seem as if blowing up a pipeline to achieve environmental goals is a moral act, however, it must be made unequivocally clear this language is never acceptable, whether intended to be serious or satire. Pipeline infrastructure ensures the delivery of safe and reliable energy to hundreds of millions of Americans to power their homes and businesses, while supporting essential services such as healthcare and emergency response. As the United States transitions away from coal and toward a new energy future, maintaining the integrity of the pipeline system that transports natural gas to power generation stations will become increasingly important...If Hollywood wants to tell the true story about pipeline protestors, they would be wise to start by referencing events that have actually taken place. Much like their movie counterparts, real life pipeline protestors have engaged in acts of terrorism. But the victims have not been so-called evil energy companies but innocent farmers across the country who have had their crops destroyed, cattle killed and have been subjected to threats and intimidation from pipeline protestors that have prompted some to don bulletproof vests. The only environmental damage from oil and gas leaks, meanwhile, have come not from pipelines but from construction equipment fuel lines that were cut by protestors."

"We have always known that gas is crucial for the energy transition, but our new strategy is built around a new belief — that gas will continue to play a key role in the energy mix." 

 

– Cederic Cremers, an executive vice president for LNG at Shell

Let's see if DOJ indicts Secretary Jenny for lying to Congress. 


E&E News (6/9/23) reports: "Energy Secretary Jennifer Granholm revealed Friday that she has held financial stocks as recently as May, contradicting testimony she gave to a Senate committee earlier this year. In a letter shared with E&E News and sent to the committee, she also revealed her spouse held a previously undisclosed investment in Ford Motor Co., an automotive brand that falls squarely in her jurisdiction. Granholm told the Energy and Natural Resources Committee at an April 20 budget hearing that she did not own any individual stocks, saying she was only invested in mutual funds. She also said she would 'not object' to congressional legislation that would ban executive department officials from holding stocks. 'I mistakenly told the Committee that I did not own any individual stocks, whereas I should have said that I did not own any conflicting stocks,' Granholm wrote in her letter. Granholm wrote that she had stocks in six companies that were deemed 'non-conflicting' by agency ethics officials. She did not disclose what these companies were or how much these stocks were worth, but said they would be publicly disclosed on her annual public financial disclosure report available in mid-June. Granholm also said in the letter that her spouse previously owned stock in Ford, which has worked closely with the Biden administration and DOE to build out electric vehicles and deploy new battery technologies. Granholm became aware of her spouse’s stock May 13, which was worth $2,457.89 when sold."

Walking around money, courtesy of American taxpayers, for more anti-energy wackos. I guess the Secretary doesn't own any nuclear stocks...

The Biden administration’s hatred for hydrocarbons is paying dividends.  For China, that is. 


Reuters (6/11/23) reports: "Saudi Arabia wants to collaborate, not compete, with China, the kingdom's energy minister declared on Sunday, saying he 'ignored' Western suspicions over their growing ties. As the world's top oil exporter, Saudi Arabia's bilateral relationship with the world's biggest energy consumer is anchored by hydrocarbon ties. But cooperation between Riyadh and Beijing has also deepened in security and sensitive tech amid a warming of political ties - to the concern of the U.S.  Asked about criticism of the bilateral relationship during an Arab-China business conference, Prince Abdulaziz bin Salman said: 'I actually ignore it because ... as a business person .. now you will go where opportunity comes your way.' 'We don't have to be facing any choice which has to do with (saying) either with us or with the others.' Chinese entrepreneurs and investors have flocked to Riyadh for the conference, which came days after a visit by U.S. Secretary of State Antony Blinken."

Energy Markets

 
WTI Crude Oil: ↓ $67.79
Natural Gas: ↑ $2.26
Gasoline: ↑ $3.59
Diesel: ↓ $3.90
Heating Oil: ↓ $231.88
Brent Crude Oil: ↓ $72.63
US Rig Count: ↑ 749

 

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