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MORNING ENERGY NEWS  |  7.5.2019
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Who is tired of winning?


Forbes (7/3/19) column: "The Department of Energy recently approved additional export volumes of natural gas through the Freeport liquefied natural gas (LNG) terminal in Texas, a move that promises environmental and economic benefits for the nation. Critics of natural gas mocked the decision and the phrasing used by the Trump administration, which said the approval would 'allow for molecules of U.S. freedom to be exported to the world...' The United States is now exporting LNG to 35 countries today, almost double the total export destinations since President Donald Trump first entered the White House."

"Under [Trump's] energy dominance agenda, the U.S. is projected to become a net energy exporter by 2020 and continue through 2050. Mississippi is well-positioned to be a continued part of this good news story that balances growth alongside environmental protection to the benefit of the local economy, its citizens and the health of our planet."

 

– Mandy Gunasekara,
Energy 45 Fund

Two can play this game.


Culpeper Star-Exponent (7/3/19) reports: "Foes of a proposed 1,300-acre, utility-scale solar project are asking the Culpeper County Board of Supervisors to deny a permit for the facility. On Tuesday evening, the newly formed Citizens for Responsible Solar pressed the board to reject the California company’s plan to build tens of thousands of solar panels on farmland along Algonquin Trail near Racoon Ford... The developer’s proposal would strain the water supply, erode soil and strip land; impact historic preservation; provide a questionable economic benefit; undermine local residents’ property values; and pose health and safety problems in the form of more traffic, congestion and noise." 

The party is just getting started.


The Vindicator (7/2/19) reports: "YOUNGSTOWN — Mahoning County now has rights to any Utica shale deposits underneath county-owned land in Canfield, under a new lease agreement with Ohio Valley Energy approved this morning... Shale development is still happening near the border of Mahoning and Columbiana counties, including Springfield and Unity townships, but gas drillers led a Mahoning Valley 'gold rush' about five years ago. The county’s original lease for the Canfield wells was signed sometime around 1989, Tusek said. 'Back 30 years ago, nobody had ever contemplated the possibility of ever doing anything beyond the shallow wells,' he said. 'This is all new technology.'"

I wonder if this will be addressed in the Democratic debates.


Energy In Depth (7/1/19) reports: "Removing oil and natural gas from the U.S. energy mix could have dire consequences, costing the country $4.5 trillion – or $35,000 per household – according to a new report from energy consulting firm Wood Mackenzie: 'For any country to embrace a nationwide transition to 100 percent renewable energy (RE100) or zero carbon (ZC100) emissions constitutes a massive disruption with far-flung economic and social repercussions.' As the report explains, in order to completely decarbonize by 2030: 'We estimate the cost of full decarbonisation of the US power grid at US$4.5 trillion, given the current state of technology. That’s nearly as much as what the country has spent, since 2001, on the war on terror. From a budgetary perspective, the cost is staggering at US$35,000 per household – nearly US$2,000 per year if assuming a 20-year plan.'"

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
Hon. Tim Huelskamp, Ph.D., The Heartland Institute
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↓ $56.80
Natural Gas: ↑ $2.33
Gasoline: ↑ $2.75
Diesel: ~ $3.00
Heating Oil: ↓ $188.08
Brent Crude Oil: ↑ $36.48
US Rig Count: ↓ 1000

 
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