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MORNING ENERGY NEWS  |  8.9.2019
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Cowboys and Indians


Daily Caller (8/8/19) reports: "Massachusetts Sen. Elizabeth Warren appeared to dismiss an Iowa farmer’s fears that the Green New Deal might destroy what he considers the backbone of the American agricultural system. The Massachusetts Democrat took a moment from her presidential campaign Thursday to discuss the plight of Iowa’s farmlands with a man who came prepared to tell her why he believes the progressive climate plan could negatively affect the country’s bovine. 'The Green New Deal says we need to get rid of cows. I don’t agree with that,' the man told Warren before explaining that cows cut down on grass regrowth, which he argued sequesters more carbon. She gave a single word reply: 'Ehhh.'"

"Regardless of the urgency, or lack thereof, of the climate issue, the Green New Deal is not something America can remotely afford to implement. Such an unserious proposal leads one to surmise its authors and proponents do not take climate change seriously either."

 

– Kent Lassman,
Competitive Enterprise Institute

ATR lowers the boom.


Washington Examiner (8/8/19) column: "There is little support for a carbon tax among conservatives. Not in Congress, not in the conservative movement, and certainly not among everyday voters. Despite a deep-pocketed, full-court lobbying operation targeting GOP legislators, advocacy groups have convinced exactly one Republican in Congress to support carbon tax legislation...In reality, opposition to a carbon tax is about as unanimous as it gets on the right. In a June letter sent to Congress, 89 free-market organizations including Americans for Tax Reform, Club for Growth, Americans for Prosperity, and the American Legislative Exchange Council all voiced their opposition to any form of a carbon tax. The official Republican party platform also rejects any carbon tax, while the Democrat party platform explicitly endorses one."

A shocked Micheal Moore uncovers the fact that wind, solar, and EVs all rely on natural resources...


ABC (8/8/19) reports: "What if alternative energy isn't all it's cracked up to be? That's the provocative question explored in the documentary 'Planet of the Humans,' which is backed and promoted by filmmaker Michael Moore and directed by one of his longtime collaborators. It premiered last week at his Traverse City Film Festival...Moore said they were shocked to find how inextricably entangled alternative energy is with coal and natural gas, since they say everything from wind turbines to electric car charging stations are tethered to the grid..."

There they go again. The peak oil crowd never learns. Now it's peak Permian.


Forbes (8/8/19) column: "As I wrote in my piece last week, there is no doubt that activity in the booming Permian Basin is slowing down, and in fact has been gradually slowing throughout this year. But as I also noted, that does not mean that, as some in the energy-related media are claiming, that the most active drilling basin in the world is 'dying,' 'on its last legs,' or even 'peaking.' It means the rate of growth, while still robust, is proceeding at a slower pace than it did during 2018...It remains the premier world-class oil resource in the Western Hemisphere. If it is suffering from anything, it is from a lack of understanding by many analysts, media observers and perhaps most importantly, investors, about what is really fundamentally taking place in West Texas and Southeast New Mexico. That's a story that the industry itself is going to have to a better job of telling, because no one else is going to do that on its behalf." 

The brain-trust in King Cuomo's office wants to prevent blackouts by mirroring European policy.


E&E News (8/8/19) column: "New York is studying Europe's playbook for developing offshore wind, but some lessons may get lost in translation as the Empire State pursues some of the largest wind projects planned in U.S. waters, according to a report yesterday from the New York Power Authority...But some news has been less encouraging for the fledgling U.S. industry. Vineyard Wind LLC's proposal to add wind turbines off the coast of Martha's Vineyard has been mired in controversies over fishing impacts, raising the specter of prior wind proposals in the Northeast that faltered due to delays and high costs. Potentially the first offshore wind farm of commercial scale, Vineyard had expected to complete a key environmental review by mid-July, but internal disagreements among federal agencies tasked with overseeing the 800-MW project have postponed its release. "

About as punk rock as Kenny G.


Sp!ked (8/8/19) column: "London’s Victoria and Albert Museum has acquired a number of artifacts associated with Extinction Rebellion (XR), the protest group campaigning to reduce Britain’s carbon emissions to ‘net zero’ by 2025. Apparently, just nine months since Extinction Rebellion’s first public stunt, its paraphernalia deserves to be housed alongside some of the world’s best art and design works of the past 5,000 years. It is hard to think of any supposedly radical protest movement in history that has been so readily embraced by the establishment as Extinction Rebellion...The reason for this establishment love-in is that Extinction Rebellion represents no rebellion at all. It has the appearance of a rebellion, certainly – protesters glue their hands to buildings, block roads and get themselves arrested. But the message is one that affirms and flatters establishment opinion rather than challenging it."

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
Amy Oliver Cooke, Independence 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
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $53.18
Natural Gas: ↓ $2.09
Gasoline: ↓ $2.67
Diesel: ↓ $2.97
Heating Oil: ↑ $180.20
Brent Crude Oil: ↑ $58.21
US Rig Count: ↓ 976

 
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