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MORNING ENERGY NEWS | 02/12/2020
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** From a fifth-place candidate.
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CNS News ([link removed]) (2/11/20) reports: "Former Vice President Joe Biden said Monday that as president he will ensure that every new infrastructure project is 'a green infrastructure,' creating jobs that pay $50 an hour. During a campaign rally in Manchester, N.H., on Monday, Biden said he plans to ensure that the United States gets to net zero emissions before 2050 and will invest $400 billion in clean energy technologies. 'As vice president, I joined with John Kerry to get the Paris Climate agreement done. The first thing I’ll do as president is rejoin that accord and keep our commitment. With President Obama, we were having trouble getting the biggest investment in history, because it came through the Recovery Act. It was a $900 billion bill he put me in charge of. We invested $90 billion in clean energy, brought down the price of solar, brought down the price of wind, below that of
coal.'"
** "The economic and environmental benefits of natural gas are clear and have allowed Americans to prosper in ways not possible with any other currently available energy source."
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– Karen Harbert, American Gas Association ([link removed])
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Mo' renewables, mo' problems.
** E ([link removed])
** &E News ([link removed])
(2/5/20) reports: "A record amount of solar and wind-powered California's grid last year, but the state struggled with having too much green energy on some days, the California grid manager said. The California Independent System Operator (CAISO), which oversees the state's bulk power system, released a fact sheet this week showing it broke 2018 records for peak solar and wind power generation. Renewables served 80% of the state's load on May 15, 2019, compared with the previous year's peak of 73.9%. More than half of that power was sourced from solar panels. California, the nation's most populous state, has one of the strongest laws in the nation requiring increasing use of green power. It mandates 60% of electricity come from renewables by 2030 and 100% carbon-free sources by 2045. However, solar power's surge in popularity has created a situation where on many sunny days, there's more solar power than the system can use. The grid manager has to ask solar generators to curtail their
power."
If you help improve people's lives, there are swamp dwellers who want to ruin you.
** The Hill ([link removed])
(2/10/20) reports: "Two congressional Democrats are planning to roll out legislation that would fight plastic pollution by banning certain types of single-use containers and requiring manufacturers to use more recycled content in their packaging. The legislation from Sen. Tom Udall (D-N.M.) and Rep. Alan Lowenthal (D-Calif.), expected Tuesday, would ban plastic takeout bags, utensils and plastic foam containers that cannot be recycled starting in 2022 and begin a nationwide container deposit system, mirroring programs in the Northeast and other parts of the country that pay consumers 10 cents for every returned beverage container. But in a fundamental shift to the recycling industry, the onus to collect recycled goods would fall on the manufacturers themselves, a big departure from taxpayer-reliant municipal systems that now collect waste. That effort would be paired with a requirement that producers use more recycled content in their own packaging."
How dare you!
** ([link removed])
Energy Markets
WTI Crude Oil: ↑ $50.77
Natural Gas: ↑ $1.82
Gasoline: ↓ $2.42
Diesel: ↓ $2.89
Heating Oil: ↑ $165.93
Brent Crude Oil: ↑ $55.13
** US Rig Count ([link removed])
: ↓ 812
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