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DAILY ENERGY NEWS | 11/14/2023
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** The solution to this problem is for the American people to hand the reins over to sane people.
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E&E News ([link removed]) (10/1/23) reports: "There will be fresh Democratic faces at the top of two Senate committees that deal predominantly with energy and environmental issues next Congress, and observers hope those leaders can build on recent legislative wins. At Energy and Natural Resources, Sen. Joe Manchin (D-W.Va.) will be leaving a pro-fossil fuel legacy mixed with his support for the climate-infused Inflation Reduction Act. At Environment and Public Works, Sen. Tom Carper (D-Del.) will leave as a supporter of most of President Joe Biden’s green policies and as a key architect of both the IRA and bipartisan infrastructure law. 'The ENR Committee priorities will lurch to the left,' said Thomas Pyle, a longtime conservative energy expert and president of the Institute for Energy Research. 'The EPW Committee’s tilt won’t be as dramatic.' At EPW, all signs point to Sen. Sheldon Whitehouse (D-R.I.) assuming the
post of chair or ranking member in 2025. Another climate hawk, he is a senior member of that panel and chairs the Budget Committee, which under his leadership has been transformed into a de facto environment panel. He has convened a host of hearings on climate matters this year. In a brief interview, he seemed to be considering the opportunity but played it close to the vest. 'I do not have to make that decision yet,' he said. Pyle noted that Whitehouse will also be bringing his 'penchant for conspiracy theories about dark money conservatives to the mix.'"
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** "The challenge that the energy transition poses for the world economy, and therefore to global political stability, is significantly greater than either the administration or many of its critics have yet understood. It isn’t only about the cost of badly designed green pork-barrel projects such as the ethanol disaster or the multibillion-dollar offshore wind farms that became uneconomical once interest rates returned to their historic norms. Even if all the green investments miraculously work out as hoped and cost no more than projected, we are going to have a problem."
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– Walter Russell Mead, The Wall Street Journal ([link removed])
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I have to give them credit. I'm continuously amazed at how many different ways the left can repackage their agenda. Just share the wealth, man.
** Daily Caller ([link removed])
(11/13/23) reports: "Special presidential envoy for climate John Kerry said the U.S. would offer “millions” to a de facto international climate reparations fund, Bloomberg News reported Monday. Kerry, whose position in the administration did not require Senate confirmation, made the comments on Friday in Singapore at the Bloomberg New Economy Forum, signaling that the U.S. does intend to participate to some degree in the so-called climate 'loss and damages fund,' an international wealth transfer program designed for rich countries to pay developing nations in recognition of disproportionate contributions to climate change and its results, according to Bloomberg News. The program and its structure is set to be a key topic of discussion at the upcoming United Nations’ COP28 climate summit later this month, with some activists and officials from developing countries calling for the U.S. to pay up to $100 billion into the fund...'Several million dollars is better than nothing, but it is an
order of magnitude short of being truly meaningful,' Brandon Wu, the policy and campaigns director for ActionAid USA, told Bloomberg. He added that Kerry’s suggestion that Washington will be interested in paying 'millions' is 'almost an insult,' according to Bloomberg.The 'loss and damages fund' amounts to a 'global shakedown' and a clear example of 'climate reparations,' Larry Behrens, communications director for Power the Future, previously told the Daily Caller News Foundation. Kerry and the State Department both have rejected any suggestion that the program is akin to an international climate reparations fund. Behrens and other experts, including Tom Pyle of the American Energy Alliance and Dan Kish of the Institute for Energy Research, previously predicted that the U.S. would endeavor to avoid having to pay too much, or perhaps anything at all, into the fund in interviews with the DCNF, citing the improbability of Americans supporting the spending and Congress easily appropriating
funds to such a program."
What's the bigger threat: climate change or this guy holding the keys to America's nuclear arsenal?
** ([link removed])
The latest climate horror fantasy is a little late for Halloween, but just in time for COP 28. Hopefully Al Gore packed a costume.
** CNN ([link removed])
(11/14/23) catastrophizes: "The effects of a rapidly warming climate are being felt in every corner of the US and will worsen over the next 10 years with continued fossil fuel use, according to a stark new report from federal agencies. The Fifth National Climate Assessment, a congressionally mandated report due roughly every five years, warned that even though planet-warming pollution in the US is slowly decreasing, it is not happening nearly fast enough to meet the nation’s targets, nor is it in line with the UN-sanctioned goal to limit global warming to 1.5 degrees Celsius – a threshold beyond which scientists warn life on Earth will struggle to cope. This year’s assessment reflects the reality that Americans can increasingly see and feel climate impacts in their own communities, said Katharine Hayhoe, a distinguished climate scientist at Texas Tech University and contributor to the report. Some of the report’s sweeping conclusions remain painfully familiar: No part of the US is truly
safe from climate disasters; slashing fossil fuel use is critical to limit the consequences, but we’re not doing it fast enough; and every fraction of a degree of warming leads to more intense impacts."
Energy Markets
WTI Crude Oil: ↑ $79.36
Natural Gas: ↓ $3.14
Gasoline: ↓ $3.35
Diesel: ↓ $4.34
Heating Oil: ↑ $286.68
Brent Crude Oil: ↑ $83.61
** US Rig Count ([link removed])
: ↓ 672
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