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DAILY ENERGY NEWS | 08/03/2023
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** It's hard for us peasants to understand, but the climate elite NEED private jets to save us from modernity.
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Washington Examiner ([link removed]-) (8/3/23) reports: "A top Democratic committee backing green energy policies to purportedly combat climate change shelled out tens of thousands of dollars on gas-guzzling private jet travel, campaign finance disclosures show. The Democratic Senatorial Campaign Committee, which counts Sen. Gary Peters (D-MI) as its chairman and works to elect Senate Democrats, has repeatedly touted how liberal lawmakers are working 'to combat climate change,' which the group has dubbed a 'crisis.' These sentiments didn't stop the committee from spending over $59,000 in June with the Virginia-based Advanced Aviation, a charter aircraft company often hired by lawmakers and campaigns, according to Federal Election Commission filings reviewed by the Washington Examiner. The private jet payments appear to run contrary to the DSCC's efforts to push expansive climate plans that experts say
significantly harm the fossil fuels industry, which is said to represent about 80% of the world's energy supply. Private jets are five to 14 times more polluting and, on average, 10 times more "carbon-intensive" than commercial flights, while also being 50 times more polluting than trains, according to Transport & Environment, a European energy group. 'They don't practice what they preach,' Thomas Pyle, president of the American Energy Alliance, an environmental and energy advocacy group, told the Washington Examiner. 'It's hypocrisy. It's rules for thee, but not for me. It's all talk and no action with these folks.'"
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** "Just like during the Covid pandemic, anyone who casts doubt on Net Zero or alarmist claims about the climate will be accused of spreading ‘misinformation’. In the same way that lockdown skeptics were branded ‘Covid deniers’, the phrase ‘climate denier’ is routinely used to shut down discussion. The aim is to make you associate skepticism of the green agenda with Holocaust denial."
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– Laura Dodsworth, Spiked ([link removed])
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Harold Hamm knows about oil.
** Fox Business ([link removed])
(8/2/23) reports: "The Biden administration's efforts to restrict oil and gas production on federal lands are hurting the U.S. economy’s growth through inflation and higher energy costs, according to a leader of the American energy renaissance. Harold Hamm, chairman and founder of Continental Resources and author of the book 'Game Changer,' said in a Tuesday appearance on 'Kudlow' that the federal government needs to "get on with the permitting" and "We need the moratorium taken off of federal lands, we’ve always developed federal lands.' 'What Biden did when he took all the federal lands – that’s 26% of the U.S. landmass – off the table, and about 35% of the productive capacity. So, they did that, and [what] did it do? You’re an economist – it drove inflation straight up, you know it cost more to consumers,' Hamm told host Larry Kudlow. Hamm's firm pioneered fracking and horizontal drilling, techniques that made the U.S. energy industry more competitive with overseas rivals."
This is what they mean when they say the "adults are in charge" and we need to shut up and "trust the science" since it's already settled.
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99% fueled by hydrocarbons and still "going green." How does America get that kind of deal?
** Oil Price ([link removed])
(8/2/23) reports: "High commodity prices and rising coal exports are propelling economic growth in Mongolia, allowing the country to develop its robust mineral resources, expand its services sector, and invest in green agriculture and energy. Mongolia exported 31.7m tonnes of coal in 2022, an increase in volume of 102%, or 16m tonnes, from 2021 and an increase in export revenue of 135%, or $6.5bn, due to higher coal prices, according to data from the Mongolian Customs General Administration. These figures undergirded economic growth of 4.7% in 2022, with Mongolia forecast to grow by 5.2% in 2023...Mongolia is also making a push into green energy. In April the country’s largest financial institution, Khan Bank, issued the first-ever green bond to spur the development of renewable energy, energy efficiency, green buildings, green mobility and climate-smart agriculture. The bond is valued at $60m, with the Dutch entrepreneurial development bank FMO providing $35m, the International Finance
Corporation $15m and MicroVest Capital Management $10m. Although the country currently depends on coal and oil for more than 99% of its energy needs, it has 12 MW of installed hydropower capacity. In April Chinese engineering company PowerChina started construction on the 90-MW Erdeneburen hydropower plant, which will provide power to five provinces in the western part of the country, with $1bn in financing from China."
Energy Markets
WTI Crude Oil: ↑ $80.39
Natural Gas: ↑ $2.52
Gasoline: ↓ 3.82
Diesel: ↓ $4.13
Heating Oil: ↓ $299.76
Brent Crude Oil: ↑ $84.00
** US Rig Count ([link removed])
: ↑ 700
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