Birds of a feather, or kernels of a cob

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DAILY ENERGY NEWS | 08/14/2023

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The never-ending ethanol subsidy scam continues.

Simple Flying (8/13/23) reports: "Airlines in the US are teaming up with farmers to lobby for corn ethanol as a sustainable aviation fuel (SAF). The move comes as the industry has faced increased pressure to develop sustainable initiatives and reduce carbon emissions. Officials have been urged by airlines to incorporate corn ethanol into the fuel mix for their aircraft, but farmers have faced resistance from some environmentalists. The Biden Administration seems undecided over who should be granted billions of dollars of subsidies. According to EnergyPortal.eu, several carriers have committed to achieving net zero emissions by 2050. To reach that goal, SAF would need to be in a much larger supply than it is today. Since current SAF is primarily produced from cooking oil or animal fats, airlines and biofuel refiners are working together to explore the benefits of using corn ethanol as an alternative. For airlines to reach their goal, the International Air Transportation Association (IATA) estimated that more than 100 billion gallons of SAF would need to be produced yearly...New tax rules set to be released in a few months could determine the future of corn ethanol being used as a SAF. Chicago-based United Airlines and Seattle-based Alaska Airlines, along with farm groups, oil companies, and biofuel refinery owners, have urged federal tax officials to embrace the use of corn ethanol, according to EnergyPortal.eu."

"EVs are not emissions-free, because they need electricity to charge them, and electricity generation creates emissions."

– Diana Furchtgott-Roth,
The Heritage Foundation

Overall, however, fewer than 1 percent of all workers who leave a dirty job appear to transition to a green job.

NBER (8/10/23) reports: "Using micro-data representing over 130 million online work profiles, we explore transitions into and out of jobs most likely to be affected by a transition away from carbon-intensive production technologies. Exploiting detailed textual data on job title, firm name, occupation, and industry to focus on workers employed in carbon-intensive (“dirty”) and non-carbon-intensive (“green”) jobs, we find that the rate of transition from dirty to green jobs is rising rapidly, increasing ten-fold over the period 2005-2021 including a significant uptick in EV-related jobs in recent years. Overall however, fewer than 1 percent of all workers who leave a dirty job appear to transition to a green job. We find that the persistence of employment within dirty industries varies enormously across local labor markets; in some states, over half of all transitions out of dirty jobs are into other dirty jobs. Older workers and those without a college education appear less likely to make transitions to green jobs, and more likely to transition to other dirty jobs, other jobs, or non-employment. When accounting for the fact that green jobs tend to have later start dates, it appears that green and dirty jobs have roughly comparable job durations."

Nobody hates nuclear like the NRC hates nuclear.

If the whales were eligible for harvestable absentee ballots, Big Green, Inc. might be interested in protecting them.

Substack (8/13/23) article: "A dead whale washed ashore on Takanassee Beach in New Jersey in the early evening yesterday. Police blocked off the area so tractors could be brought in to remove it. 'We were sitting on the beach yesterday, and I noticed it when people started running up to it,' said Soraya Nimaroff, who lives nearby. 'I’m very sad. It is very sad.' Yesterday marked the 60th known whale death on the East Coast since Dec 1, 2022. Whale strandings have increased markedly since 2016. The North Atlantic right whales are headed for extinction. Their population has dropped to 340. There have been 200 humpback strandings and 98 strandings of right whales since 2017. 'It caused us concern enough to ask, ‘What is happening?’' said Cindy Zipf, executive director of the Long Branch-based nonprofit Clean Ocean Action (COA). 'We looked into what was different about this December and early January.' The only thing she and other researchers found was offshore wind exploration. 'We looked at shipping, and shipping didn’t seem to be any different,' said Zipf. 'The same fishermen were fishing. And the only thing we noticed was the number of IHAs that had been issued.'"

Energy Markets

WTI Crude Oil: ↓ $82.87
Natural Gas: ↑ $2.78
Gasoline: ↑ $3.85

Diesel: ↑ $4.31
Heating Oil: ↓ $309.25
Brent Crude Oil: ↓ $86.40
US Rig Count: ↓ 693

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