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MORNING ENERGY NEWS | 02/27/2020
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** What if we used highway funds to pay for highways?
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E&E News ([link removed]) (2/26/20) reports: "Senate Environment and Public Works Chairman John Barrasso (R-Wyo.) today touted the climate change provisions in the chamber's $287 billion highway bill. Addressing the American Association of State Highway and Transportation Officials this morning, Barrasso boasted that S. 2302, 'America's Transportation Infrastructure Act,' would improve the resilience of projects to extreme weather events. 'The system of roads is affected by climate. There is no doubt about it,' the No. 3 Senate Republican said at AASHTO's annual Washington briefing. 'The roads and bridges must be resilient enough to handle extreme weather events like hurricanes and floods,' he added. 'In addition, the highways need to withstand natural disasters like wildfires, earthquakes and rock slides.' In addition to resilience, which has long held bipartisan appeal, Barrasso also addressed the need to reduce greenhouse gas emissions from
transportation, the country's largest source of carbon pollution. 'The bill provides resources to help states reduce carbon dioxide emissions,' he said. 'These funds can help ease traffic congestion as well as reduce transportation-related emissions.'"
** "It would be hard to find anything NOT to like about this great American success story. We've achieved energy independence; reliable and inexhaustible supply; low prices; reduced power of the Middle East, Russia and other OPEC nations; and cleaner air than at any other time in at least a century."
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– ([link removed]) S ([link removed]) tephen Moore, FreedomWorks ([link removed])
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You're wrong, Bernie. But don't take my word for it...
** ([link removed])
Thanks, Obama.
** Independent Institute ([link removed])
(2/24/20) blog: "Tonopah, Nevada, is home to one of the most ambitious alternative energy projects ever subsidized by the U.S. government...Unfortunately, the plant never came anywhere close to that level of power output during its years of operation, from November 2015 to April 2019, before it was shut down following the catastrophic failure of its molten salt containment technology. It was expected to generate an average of more than 40,000 megawatt-hours of energy each month, but never achieved that level of power output during its operating life. Worse, because the Crescent Dunes Solar Energy Project benefited from $737 million in loan guarantees provided by the Department of Energy, it represents one of the largest failures of a government energy program, surpassing even the Solyndra fiasco. The project’s powerful political backers, it’s worth noting, managed to secure approval for the power plant just one week before the Obama administration’s green energy federal loan program expired
in September 2011."
Energy Markets
WTI Crude Oil: ↓ $47.24
Natural Gas: ↓ $1.77
Gasoline: ↓ $2.46
Diesel: ↓ $2.86
Heating Oil: ↓ $145.54
Brent Crude Oil: ↓ $51.86
** US Rig Count ([link removed])
: ↑ 827
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