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MORNING ENERGY NEWS  |  02/14/2020
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Given the immense opposition from the voters, you’d almost think these companies support a carbon tax because...


Washington Examiner (2/13/20) reports: "Global banking giants JPMorgan Chase and Goldman Sachs are joining a Republican-backed group pushing for Congress to pass a carbon tax. The banks join a wide array of businesses in endorsing a carbon tax proposed by the Climate Leadership Council, a group led by former Republican Secretaries of State James Baker III and George Shultz. Oil and gas giants BP, Shell, ConocoPhillips, and Exxon Mobil, along with automakers GM and Ford, have already donated money to the lobbying arm of the group, which advocates returning carbon tax revenue to taxpayers. Also joining the group Thursday are former Obama administration Energy Secretary Ernest Moniz and former Executive Secretary to the U.N. Framework Convention on Climate Change Christiana Figueres...Despite business support for a carbon tax, Republicans in Congress, with a few exceptions, remain opposed to any form of it."

"Federal energy efficiency standards have a long history of unintended adverse consequences, from more expensive light bulbs with questionable light quality to dishwashers that take hours to finish a load."

 

– Ben Lieberman,
Competitive Enterprise Institute

To any Europeans not already running on freedom molecules...


CNBC (2/12/20) reports: "Europe can buy its natural gas wherever it wants, including Russia, but there should be more competition among suppliers, a top U.S. energy official told CNBC, adding that Russia was “fearful” of a rise in energy exports from America. 'We expect that a lot of countries will continue to buy gas from Russia,' Frank Fannon, the U.S. assistant secretary of state for energy resources, told CNBC Tuesday. 'That’s fine, that’s great, so long as it’s based on a competitive model — is there transparency in pricing, is there even a market, you can’t possibly have a market if you have one supplier — that’s not a market, there’s no competition.' ...Fannon said Russia was afraid of U.S. competition on the energy front. 'Russia sees what’s coming in terms of the U.S. energy exports, they see the gas prices in the U.S. are tremendously low, they’re very competitive, and we’re about to double our export capacity of LNG, so they’re fearful of competition,' he said. 'They see competition coming from multiple sources and they’re concerned about that,' he said."

You know Trump is on the right track when the left lawyers up.


Reuters (2/13/20) reports: "The Southern Environmental Law Center (SELC) in a filing on Thursday in Virginia federal court sought to delay the finalization of the Trump administration’s update of the National Environmental Policy Act (NEPA), a bedrock federal environmental law, by pushing back the closing of the rulemaking’s public comment period. In a motion for a preliminary injunction, SELC asked the U.S. District Court for the Western District of Virginia that it move the closing of the comment period from early March to November, until SELC obtains all public records related to the proposed overhaul." 

Breaking news: Pessimistic fear-mongering greens use made-up numbers to push agenda.


Bloomberg (2/14/20) reports: "Americans use more than 380 billion single-use plastic bags a year. Or do they? That figure was the one advocates in New York cited when they pushed successfully for a statewide bag ban that takes effect next month. And it came up again in news reports when Oregon’s ban took effect Jan. 1. Google search results show the statistic surfacing on millions of websites across the globe, in everything from blogs about sea turtles to municipal government websites. And more and more states across the country are relying on that 380-billion-bags-used-annually data point in order to estimate their own plastic waste. But where did it originate? The estimate is often linked to the U.S. Environmental Protection Agency (although it’s unclear if the EPA backs it), maybe at least two decades old, and could be wildly inaccurate. The International Trade Commission used data from U.S. plastic bag producers as well as imports from other countries, and information collected through questionnaires and customs records, to arrive at its own estimate. Its figures put the annual plastic bags sold in 2014 at 103.5 billion polyethylene retail bags—a little more than a quarter of the 380 billion figure."

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: ↑ $52.04
Natural Gas: ↓ $1.82
Gasoline: ↑ $2.43
Diesel: ↓ $2.89
Heating Oil: ↑ $168.42
Brent Crude Oil: ↑ $57.06
US Rig Count: ↓ 815

 
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