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MORNING ENERGY NEWS  |  02/26/2020
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Strictly fish & chips then?


i News (2/24/20) reports: "Students at the London School of Economics voted to "ban beef" on the university campus, in a move which could pave the way for the institute becoming the third UK university to eliminate beef from its menus. Last year Goldsmiths college, part of the University of London, removed beef from its menus as part of its efforts to become carbon neutral by 2025. The University of Cambridge also last year stopped serving beef and lamb, cutting emissions from its catering service by 10.5 percent. Now LSE students are lobbying for their university to follow suit. At a Students’ Union meeting on Friday students voted 243 to 170 in favor of banning beef on campus. It is worth noting that this is only a small proportion of the total student body, which numbers more than 11,000. Nevertheless, i understands the Union now intends to lobby the university authorities to implement the change on campus. Student Union operated shops and venues on campus will also no longer serve beef products. LSE did not respond to a comment request on the vote, or whether it will implement the proposed ban."

"In terms of whether [Xi Jinping] is a dictator, he does serve at the behest of … their group of people. But, there’s no question he has an enormous amount of power — but he does play to his constituency."

 

– Michael Bloomberg

Steyer having a normal one.

SHOCKING!  Companies don't give to people trying to eliminate them.


E&E News (2/25/20) reports: "The oil and gas industry donates to lawmakers with anti-environmental voting records, rather than making campaign contributions to influence their behavior. That's according to a study published yesterday in the journal Proceedings of the National Academy of Sciences, after the industry spent more than $84 million on congressional campaigns and influence groups in the 2018 cycle. The results are not surprising, but they come as Democrats increasingly criticize the industry for spending large sums of money on candidates and organizations opposed to climate policy, even as oil and gas companies talk up their efforts to reduce emissions. There are generally a few theories of how money affects American politics. The 'influence hypothesis' argues that companies spend money on campaigns to buy favorable votes down the road, while the 'investment hypothesis' says companies spend on candidates who will enact favorable policy, rather than to change minds."

Remember the Three Stooges' episode about the boys replumbing a house?


E&E News (2/26/20) reports: "A long-simmering dispute over voluntary building codes is delaying the introduction of a bipartisan Senate energy package that Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) and ranking member Joe Manchin (D-W.Va.) are hoping to bring to the floor in the coming weeks. The fight over building code provisions contained in a broad energy efficiency bill, S. 2137, sponsored by Sens. Rob Portman (R-Ohio) and Jeanne Shaheen (D-N.H.), is threatening the support of both senators and efficiency advocates for the anticipated legislation. 'That's still our hardest nut to crack,' Murkowski said yesterday of the building codes, which are opposed by the National Association of Home Builders. The group said earlier this month that it would oppose the entire energy package if the disputed provisions were included. But Shaheen said yesterday that she would vote against the underlying energy package if the building code provisions are jettisoned. 'Without the voluntary building codes, the energy savings in that whole package are really nominal,' she told E&E News. Portman noted that the building codes — which he, too, emphasized are nonbinding — were part of a broad energy package that passed the Senate in 2015 by an 85-12 margin but later died in conference talks with the House."

Would you let Bernie work on the wiring at your house?  


Politico (2/2/20) reports: "Sen. Bernie Sanders has put nationalizing health insurance at the center of his presidential campaign, but his proposal to fight climate change also calls for a government takeover of a fundamental segment of the economy — electricity production. Sanders has laid out a $16 trillion climate change plan that would transition U.S. electricity generation away from fossil fuels to renewable resources like wind, solar and hydropower by 2030. That’s far faster than any other Democratic candidate's target and sets a pace that rivals like former Vice President Joe Biden say is unrealistic...But critics say that government expansion won't sit well in many parts of the country, including some places Democrats will need to defeat President Donald Trump." 

Energy Markets

 
WTI Crude Oil: ↓ $49.21
Natural Gas: ↑ $1.86
Gasoline: ~ $2.47
Diesel: ~ $2.80
Heating Oil: ↓ $152.99
Brent Crude Oil: ↓ $53.95
US Rig Count: ↑ 818

 
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