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MORNING ENERGY NEWS | 02/17/2020
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** Join us in celebrating a historic President's Day for American energy.
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Master Resource ([link removed]) (2/5/20) blog: "Promises made, promises kept. While his tariff policies have increased input costs for energy infrastructure (steel for pipelines, in particular), and split-the-baby biofuel subsidies stubbornly continue (what politician other than Ted Cruz has been able to say no?), there are many bright spots for the nation with the liberation of oil and gas exploration and production, pipeline projects, and other infrastructure needs. And in the greatest pro-liberty energy campaign of all-time, President Trump has said YES to regulatory reform, NO to the anti-energy agenda of the Obama Administration, and HECK NO to global governance in the name of addressing the so-called climate change. With the U.S. and other countries ignoring and violating the aspirations of the ‘voluntary’ Paris Climate Accord of 2015, the hydrocarbon energy boom continues virtually unabated. Trump’s recent rebuke to the climate
agenda to the World Economic Forum in Davos, Switzerland ('the speech was a disaster for the conference,' said one climate campaigner), gave confidence to the private sector to resist the war on fossil fuels."
** "I hope I shall possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man."
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– ([link removed]) G ([link removed]) eorge Washington, 1st President of the United States ([link removed])
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Energy Markets
WTI Crude Oil: ↑ $52.07
Natural Gas: ↑ $1.89
Gasoline: ↓ $2.43
Diesel: ↓ $2.88
Heating Oil: ↓ $168.73
Brent Crude Oil: ↓ $57.04
** US Rig Count ([link removed])
: ↓ 810
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