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MORNING ENERGY NEWS  |  04/22/2020
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A story you likely won't hear anywhere else this Earth Day.


IER (4/21/20) blog: "From the June 2019 BP Statistical Review of Global Energy, the following are some details on global C02 emissions between 2005 and 2018 (the most recent year available): Between 2005 and 2018, global CO2 emissions from energy grew by 20 percent (5748 million metric tons). Declines in CO2 emissions between 2005 and 2018 were led by the United States (-12 percent and 706 million metric tons). Annual CO2 emissions in the United States declined 8 times during this period. The next largest decline was in the United Kingdom (-32 percent and 182 million metric tons). The largest increase in carbon dioxide emissions between 2005 and 2018 came from China (55 percent and 3329 million metric tons). The next highest increment came from India where emissions rose by 106 percent (1275 million metric tons). Together, China and India accounted for 80 percent (4604 million metric tons) of the increase in global carbon emissions (5748 million metric tons)."

"[It] is very frustrating that after 25 years of the anti-pessimists being proven entirely right, and the doomsayers being proven entirely wrong, their credibility and influence waxes ever greater. That’s the bad news. The good news is that there is every scientific reason to be joyful about the trends in the condition of the Earth, and hopeful for humanity’s future, even if we are falsely told the outlook is grim. So Happy Earth Day."

 

– Julian Simon, 1995

Another movie for Earth Day...and it's by Michael Moore! 


Forbes (4/21/20) reports: "Over the last 10 years, everyone from celebrity influencers including Elon Musk, Arnold Schwarzenegger, and Al Gore, to major technology brands including Apple, have repeatedly claimed that renewables like solar panels and wind farms are less polluting than fossil fuels. But a new documentary, 'Planet of the Humans,' being released free to the public on YouTube today, the 50th Anniversary of Earth Day, reveals that industrial wind farms, solar farms, biomass, and biofuels are wrecking natural environments.  Planet of the Humans was produced by Oscar-winning filmmaker Michael Moore. 'I assumed solar panels would last forever,' Moore told Reuters. 'I didn’t know what went into the making of them.' The film shows both abandoned industrial wind and solar farms and new ones being built — but after cutting down forests. 'It suddenly dawned on me what we were looking at was a solar dead zone,' says filmmaker Jeff Gibbs, staring at a former solar farm in California. 'I learned that the solar panels don’t last.'"

And it's Free for 30 days.

Even at a time like this America's freedom molecules are permeating the world.


Reuters (4/20/20) reports: "The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday. This is the first shipment since March 2019 after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year. The tanker berthed on Monday in Tianjin, where China National Offshore Oil Corp (CNOOC) and Sinopec operate LNG terminals, ship-tracking data from Refinitiv and data intelligence firm Kpler showed. Aboard is a cargo that loaded at the Freeport LNG plant in Texas. Three more U.S LNG deliveries are expected in China in April and two cargoes are scheduled to be discharged in May, Refinitiv data showed. Two of the vessels expected in April, the Palu LNG and the Cool Explorer, loaded at Cheniere Energy’s Corpus Christi plant in Texas and its Sabine Pass plant in Louisiana, respectively, according to the data." 

And what are these guys gonna do about the other end?


E&E News (4/22/20) reports: "Agriculture is second only to energy in its contribution to global greenhouse gas emissions, and raising animals — especially cattle — drives almost half the industry's footprint. That hasn't been good news for beef and dairy producers, who are being abandoned by climate-conscious investors and consumers alike. Francisco Norris, however, sees it as an opportunity. Norris is a co-founder of Zelp Ltd., short for Zero Emissions Livestock Project, a U.K.-based startup developing a wearable device for cows that may be able to reduce their methane emissions by up to 60%...That's where Zelp comes in. Made from a bendable, rubber-like plastic and weighing less than 100 grams (3.5 ounces), the mask attaches to a standard bovine halter and rests just above the cow's nostrils. A set of fans powered by solar-charged batteries sucks up the burps and traps them in a chamber with a methane-absorbing filter. The chamber is a bit like the catalytic converter on a car: once the filter is saturated, a chemical reaction turns the methane (CH4) into carbon dioxide (CO2)."

Energy Markets

 
WTI Crude Oil: ↑ $13.23
Natural Gas: ↓ $1.81
Gasoline: ↓ $1.80
Diesel: ↓ $2.49
Heating Oil: ↑ $77.45
Brent Crude Oil: ↑ $20.88
US Rig Count: ↓ 480

 
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