View this email in your browser
MORNING ENERGY NEWS  |  03/20/2020
Subscribe Now

Shameless.


Washington Examiner (3/19/20) reports: "Congressional Democrats appear poised to slide green energy giveaways into legislation designed to boost the economy while aiding people suffering from the coronavirus pandemic. Fortunately, they have been called out by free-market energy policy analysts and advocates who are opposed to Green New Deal-type policies that could greatly inflate the cost of the stimulus package under consideration. The House Sustainable Energy and Environment Coalition, along with Democratic Sens. Ed Markey of Massachusetts and Sheldon Whitehouse of Rhode Island, is making every effort to 'slip extensions for expired tax giveaways and Green New Deal policies into the current funding package meant to stabilize the economy and aid Americans suffering from the coronavirus,' according to a press release from the American Energy Alliance, a Washington-based nonprofit organization that favors free-market energy policies...Tom Pyle, the president of AEA, had some choice words for political figures who seek to 'slip failed green policies' into legislation that should remain focused on the coronavirus. 'The proposed inclusion of seven expired renewable energy tax credits will do nothing to stimulate the economy or help anyone’s general health, and will only line the pockets of renewable energy companies, the wind and solar lobby, General Motors and Tesla.'"

"Know that the oil and natural gas industry is hard at work behind the scenes so that you have the power, products and fuels you need. While these are unprecedented and unsettling times, our nation’s energy security is intact."

 

– Todd Staples,
Texas Oil & Gas Association

The guy who wants to ban fracking and plastic isn't extreme enough for the new left.


New York Times (3/19/20) reports: " Ardent climate change voters thought Campaign 2020 was going to be their election. Gov. Jay Inslee of Washington centered his entire presidential campaign on the issue. When he dropped out, Tom Steyer, Senator Elizabeth Warren and Senator Bernie Sanders each clamored for the mantle of ‘climate candidate’ with a series of increasingly ambitious calls for action. Now, some climate-focused voters said they are struggling with their feelings as former Vice President Joseph R. Biden Jr. appears certain to become the Democratic nominee. In interviews with two dozen activists and voters who consider the planet’s warming their top issue, almost all said they worried that Mr. Biden has not made the issue a sufficient priority or been specific enough about his plans...Liam Shaffer, a 27-year-old wine salesman in New Jersey and supporter of Mr. Sanders, said working with a product directly affected by climate change had made the issue one of his top voting priorities. He acknowledged that he had not read Mr. Biden’s climate plan, but he said his impression was that Mr. Biden did not favor the sweeping changes that he believes are necessary. 'He represents a return to the way things were run under Obama,' Mr. Shaffer said. 'I guess I just don’t feel that’s enough.'"

You got to know when to hold 'em.


Reuters (3/19/20) reports: "U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry. Saudi Arabia and Russia have been fighting over oil market share after their three-year agreement to hold back production collapsed this month. Their pumping of crude oil flat out during a time of severely reduced global demand due to the spread of the coronavirus has pushed crude prices to near 20-year lows this week. 'We are trying to find some kind of a medium ground,' Trump told reporters at a White House news conference, adding that he had spoken to several people about the dispute. 'It’s very devastating to Russia because when you look at it, their whole economy is based on that and we have the lowest oil prices in decades so it’s very devastating to Russia. I would say it is very bad for Saudi Arabia but they’re in a fight, they’re in a fight on price, they’re in a fight on output. At the appropriate time I’ll get involved,' he said."

A brief refresher on the long history of the explosive growth of government during a 'crisis'.


Mises Institute (3/20/20) blog: "President Donald Trump declared a state of emergency on Friday, March 13, due to the coronavirus disease (COVID-19). This comes about six weeks after the World Health Organization (WHO) did so on January 31...Paraphrasing Yandle in the context of this 'coronacrisis': 1. The most successful ventures of this sort (i.e., this coronacrisis) occur where there is an overarching public concern to be addressed (like the problem of coronavirus pandemic), whose 'solution' allows resources to be distributed from the public purse to particular groups...Baptists virtue signal and give vital and vocal endorsement (through traditional and social media) of the laudable public benefits promised by a desired government intervention...Bootleggers are much less visible but no less vital. Bootleggers expect to profit from the very restrictions (and favors or handouts) desired by Baptists both ex ante, as those in the media do, and ex post, as those in the health P3 bureaucracy as well as those in the worlds of anticapitalistic academia, activism, elections, and politics do. Somewhat ironically given the Chinese origins of coronavirus, there is a famous quote by (unsurprisingly) a politician, JFK, that applies: 'When written in Chinese, the word "crisis" is composed of two characters. One represents danger and the other represents opportunity.'" 

If you oppose a carbon tax, please contact us and take a stand.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↓ $24.72
Natural Gas: ↓ $1.67
Gasoline: ↓ $2.17
Diesel: ↓ $2.69
Heating Oil: ↑ $104.88
Brent Crude Oil: ↓ $28.43
US Rig Count: ↓ 791

 
Friend on Facebook Friend on Facebook
Follow on Twitter Follow on Twitter
Forward to a Friend Forward to a Friend
Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx
Want to change how you receive these emails?
update your preferences
unsubscribe from this list