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MORNING ENERGY NEWS  |  02/19/2020
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We "free-market fundamentalists" fight -- in fact claw -- for every inch of freedom. Why? Because unlike the "appeasement conservatives," we understand that the left will always move the goalpost.


Washington Post (2/17/20) column: "Most Americans don’t think planting trees is socialism. Try telling that to the Club for Growth...When the Club takes a position on an issue, Republican politicians listen. Last week, the Club came out in vocal opposition to a package of bills to fight climate change from House Minority Leader Kevin McCarthy (R-Calif.). The bills would increase government spending to support carbon capture technologies that seek to sequester carbon emissions before they reach the atmosphere. They also include the Trillion Trees Act, which commits the United States to an aggressive tree-planting initiative to capture carbon the old-fashioned way, by storing it in wood...The McCarthy initiative is a free-market-friendly alternative to the global government socialist mobilization envisioned in the Green New Deal from Rep. Alexandria Ocasio-Cortez (D-N.Y.). The Club’s failure to see this is an example of the core problem with free-market fundamentalism. This view, pushed by libertarians and conservatives blinkered by their ideology, eschews any government response to a public problem...Free-market fundamentalists do not see the forest for the trees. Conservatives should back sensible measures to combat climate change such as McCarthy’s package. The alternative is that conservative political hopes will get clear cut by the real green socialists as they bulldoze their way to victory."

"Policies to ban fracking would cost 14 million jobs nationally. In the state of Texas would cost one and a half million jobs. It is hard to find something that would be more economically devastating."

 

– Ted Cruz,
Junior U.S. Senator for Texas

This "fly over" state is fighting to be more than a dumpster for the green elites.


Oil City News (2/13/20) reports: "The Wyoming House of Representatives agreed to the introduction of a bill that would ban the disposal of wind turbine blades in the state. The House passed the introduction of the bill as part of a consent list vote on Thursday, Feb. 13. The vote was 50-9. House District 59 Representative Bunky Loucks and Senate District 28: Senator Jim Anderson are sponsoring the bill. House Bill 217 would make it a misdemeanor to dispose of such blades in Wyoming and would impose fines of up to $1,000 for people convicted of doing so. 'No person shall place a wind turbine blade, in whole or in part, in mixed municipal solid waste, a solid waste management facility, commercial solid waste management facility or a commercial waste incineration or disposal facility in Wyoming,' the proposed legislation reads. 'No wind energy developer as defined in W.S. 34‑27‑102(a)(ii) and no facility permitted under W.S. 18‑5‑502 or 35‑12‑102(a)(vii)(E) or (F) shall discard or otherwise dispose of a wind turbine blade, in whole or in part, except by delivery to a facility that reuses, recycles, breaks down or repurposes the blades.'"

A bold new strategy to save California...give residents even fewer options.


Los Angeles Times (2/13/20) reports: "As California cities move to reclaim their streets from automobile domination, Market Street in San Francisco is the most ambitious effort so far...A few weeks ago, there was a dramatic shift when San Francisco banned private cars on the busiest section of Market Street...The changes posed challenges for some, including licensed art vendors at Embarcadero Plaza who lost six curbside parking spaces and say they’re faced with higher parking costs and more difficulty unloading their cars. 'It’s very, very difficult,' said Aurelio Mucci, 55, who sells bracelets and earrings. 'It’s very tough and complicated for the artists.' Lyft driver Shirzai Meerzada, 35, said the ban on cars will serve only to worsen traffic on surrounding roads and suggested the city remove bus-only lanes on nearby Mission Street. He said he expected Lyft users to cancel rides if they can’t be picked up quickly...'I’m glad they’re doing it,' said Adam Smith, owner of Fog City news, a newsstand at 1st and Market streets, hoping the ban will reduce noise and pollution. 'The city is so over-congested because of all the Uber drivers.' Most of his customers are office workers who take mass transit, he said." 

Porsche joins the BOOMING electric vehicle market. 


Electrek (2/17/20) reports: "A Porsche Taycan electric car caught on fire at a residence in Florida yesterday, leading to significant damage to the house and a complete loss of the car. After launching the Taycan late last year, the German premium automaker started deliveries in December, with the first 130 cars in the US. Now we learn that one of those Taycan premium sedans has caught on fire and burned down a garage in South Florida on February 16. Not many details are known at this time, but images of the aftermath were posted on social media showing that the electric car was burned down to the some parts of the frame, and the garage sustained significant damages. Locals on Twitter who have videos of the aftermath are not sharing details in order to protect the identity of the owner, but they claim that the vehicle 'exploded' inside the garage. We reached out to Porsche to get more details. The automaker confirmed to Electrek that they are aware of the incident and that no one was hurt...We’re glad that no one was hurt. At least physically, because it must hurt emotionally to see your brand-new $150,000+ car and garage being destroyed like that."

Energy Markets

 
WTI Crude Oil: ↑ $52.71
Natural Gas: ↓ $1.96
Gasoline: ↑ $2.45
Diesel: ↑ $2.87
Heating Oil: ↑ $168.98
Brent Crude Oil: ↑ $58.47
US Rig Count: ↓ 806

 
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