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MORNING ENERGY NEWS | 04/10/2020
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** Another Big Green, Inc. specialty: hiding in plain sight.
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Capital Research Center ([link removed]) (4/9/20) reports: "Several eco-Right groups burrowed into the Conservative Political Action Conference (CPAC) in February 2020. Their calls for big-government solutions to address the claimed effects of climate change smack of left-of-center environmental activism and have little in common with limited government, free market, or constitutional conservativism. And their connections with and funding from left-wing sources reinforces this suspicion...Kenny Stein, director of policy for the Institute for Energy Research, a nonprofit that favors free-market solutions in the energy sector, views left-of-center environmental activism now evident at CPAC as part of a larger effort to sell big government schemes: 'The rise of “conservative” front groups in the energy and environment policy space is not a new phenomenon, we have seen these groups proliferate year after year. Without exception these
groups rely on funding from left wing billionaires and San Francisco–based foundations, sometimes with additional contributions from various large corporations looking to buy green indulgences. IER’s Big Green Inc. database shows how a small number of these foundations have spent billions of dollars over the past decade to cultivate influence and support for their extremist environmental policies across the country.'"


** "Riding out storms and sharing risks across billions of people is a feature, not a bug, and the affluent capitalist nature of our institutions puts us in a better position to deal with them."
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–Joakim Book, American Institute for Economic Research ([link removed])

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Two thoughts come to mind here:

1. How long will it be before the greens blame bat viruses on climate change?
2. Maybe wind turbines aren't so bad after all.
** Wall Street Journa ([link removed])
l (4/9/20) column: "RaTG13 is the name, rank and serial number of an individual horseshoe bat of the species Rhinolophus affinis, or rather of a sample of its feces collected in 2013 in a cave in Yunnan, China. The sample was collected by hazmat-clad scientists from the Institute of Virology in Wuhan that year. Stored away and forgotten until January this year, the sample from the horseshoe bat contains the virus that causes Covid-19. The scientists were mostly sampling a very similar species with slightly shorter wings, called Rhinolophus sinicus, in a successful search for the origin of the virus responsible for the SARS epidemic of 2002-03. That search had alarming implications, which were largely ignored. In Shitou Cave, south of Kunming, the capital of Yunnan, they found viruses in the bats’ droppings and anal swabs that were more similar to human SARS than anything found in palm civets, the small mammals that until then were presumed to be the source of human infection. "

Some good news for your Friday.

** Utility Dive ([link removed])
(4/6/20) reports: "With a fourth stimulus package in the works, the renewable energy industry is raring for short- and long-term aid as it faces supply chain disruptions and critical project delays that could cost the sector billions of dollars. Stakeholders were hopeful broader energy concerns would be rolled into an infrastructure package House Democrats had floated last week. 'Certainly clean energy is part of infrastructure,' Solar Energy Industries Association (SEIA) Vice President of Congressional Affair Erin Duncan told members during a Friday webinar. But House Speaker Nancy Pelosi on Friday stepped away from her initial push to include green infrastructure in a round four stimulus bill. Clean energy advocates still say there are avenues for power sector relief from the federal government, however."

Fighting to keep the global economy alive can really help put things in perspective.

** Breitbart ([link removed])
(4/8/20) column: "Finally, some good Coronavirus news: the pandemic has caused the collapse of Europe’s carbon trading market. 'The Covid-19 pandemic has turned Europe’s carbon price upside down, with prices dropping by 40% since early March when they were still trading at about €24 ($26) per metric ton, analyst IHS Markit said.'...The collapse of the carbon trading market is, of course, an entirely predictable consequence of the Europe-wide slump caused by government lockdown policies. Even before the lockdown, trade unions in Europe were warning that the EU’s proposed Green Deal would endanger 11 million jobs. Post-Coronavirus, ostentatious greenery looks like a luxury that not even the profligate, socialistic EU can afford. When businesses are in trouble one of the first things they do is seek to slash unnecessary costs. And what could be more unnecessary than a levy imposed on business which serves no useful practical purpose except as a form of state-orchestrated virtue-signalling
designed to show concern about climate change?"

If your organization opposes a carbon tax, please ** contact us and take a stand (mailto:[email protected]?subject=Carbon%20Tax%20list)
.

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
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↓ $22.76
Natural Gas: ↓ $1.73
Gasoline: ↓ $1.88

Diesel: ↓ $2.54
Heating Oil: ↓ $97.26
Brent Crude Oil: ↓ $31.48
** US Rig Count ([link removed])
: ↓ 603



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