During the global outbreak of COVID-19 America's energy producers are pitching in to help our communities. We'll be doing our best to amplify these great stories made possible by America's producers.
Even when there isn't enough to get by, there's enough to go around.
QEP Resources steps up: "As the spread of COVID-19 impacts our way of life, we are faced with unprecedented challenges in our communities. QEP has contacted our community stakeholders to align our resources and response to make the greatest impact. Food Security and Health & Wellness are becoming increasingly difficult for the elderly, for those with underlying health conditions and for the millions of children and families who are losing access to free or low-cost meals and other resources due to school closures. We are proud to support our American Red Cross local chapters and Meals on Wheels America and have made corporate contributions of $15,000 and $10,000, respectively, to support their efforts during this time...Local Councils will continue to work closely with our community partners in Colorado, North Dakota and Texas to provide support as the situation develops."
"We have the oil and gas we will need for the post-pandemic recovery, and America still benefits from its entrepreneurial spirit and financial and corporate infrastructure. The promise of U.S. production and American energy security is still strong."
Sleepy Joe has to do a little more than just ban natural gas to keep up with the Bernie Bros.
Washington Post (4/20/20) reports: "Joe Biden, who picked up an endorsement from a big-spending green group this morning, says he will expand his climate plan as part of an effort win over young voters who see rising global temperatures as a generational crisis. That's one way the presumptive Democratic nominee is trying to woo environmentalists who backed his 2020 rivals in the primary. In accepting the endorsement of the campaign arm of the League of Conservation Voters on Monday, Biden said he wants to adopt ideas from climate activists and set other “new, concrete goals” for combating climate change before the end of the decade. 'In the months ahead, expanding this plan will be one of my key objectives,” Biden said. “I know this is an issue that resonates with many, including young people and those who have seen floods, fires, and drought destroy lives and livelihoods.' Biden’s original $1.7 trillion climate plan, released last June, calls for the United States to achieve net-zero emissions by at least 2050, all while creating 10 million well-paying jobs and helping fossil-fuel workers transition to a clean-energy economy."
Don't worry about the machine.
Wall Street Journal (4/20/20) editorial: "If you thought negative interest rates were bizarre, how about minus-$37 for a barrel of oil? That was the going price for a time on Monday on the futures contract for a barrel of West Texas Intermediate crude delivered in May. To put it another way, it would cost you less under that contract to fill your bathtub with oil than to fill it with water. So goes the continuing turmoil in oil markets from the collapse in demand amid the coronavirus pandemic and global recession. The real price of oil isn’t less than $0. The bizarre behavior in futures markets is a combination of crashing oil demand today and expectations for higher oil prices later in the year when the economy is beginning to recover...But it isn’t clear if less production in Texas would affect global prices at this moment, and API economist Dean Foreman suggests not that much. The quotas would presumably apply to everyone, which means the most efficient producers and marginal wells would face the same limits. The quotas may also have to be in place longer than producers think unless there is a price boom soon."
The jesters in King Cuomo's court don't care if New York has the energy to power the ventilators.
E&E News (4/21/20) reports: "A dozen New York City lawmakers are throwing their weight behind efforts to force major Wall Street firms to cut financial ties with the fossil fuel industry. Twelve members of the New York City Council plan to introduce a resolution tomorrow that urges banks, money managers and insurers to curb climate change by divesting from companies in the coal, oil and gas sectors. Sponsored by City Council member Brad Lander, the resolution says that powerful financial firms are fueling 'climate destruction' and calls on companies such as wealth mammoth BlackRock Inc., JPMorgan Chase & Co. and Liberty Mutual Group to stop funneling billions of dollars into planet-warming industries. Divestment, the resolution says, could 'ultimately reverse the expansion of the sector worldwide.'...Twelve out of 51 New York City Council members have co-sponsored the resolution. Lander said he is 'very optimistic' the measure will garner enough support to be passed."
