View this email in your browser
MORNING ENERGY NEWS  |  04/23/2020
Subscribe Now

Some people are using a global pandemic to push for ecofascism, others are doing everything in their power to  help those in need. 


Town Hall (4/22/20) column: "A mind-numbing 22 million people and counting have applied for unemployment benefits since cities and states across the country started initiating lockdowns to curb the spread of the coronavirus, reports the Labor Department. To radical environmentalists, however, this is great news. Oxford professor Peter Frankopan, in an opinion piece titled, 'Pandemics are terrifying but they can make the world better,' brazenly shames our manufacturing industry and the millions employed in good-paying jobs, saying '… [the] world’s lungs are already breathing more easily thanks to the collapse of industrial production.'...Far from causing the pandemic, industry leaders worldwide have mobilized to help 'flatten the curve' and stop the novel coronavirus in its tracks. Harvard, for example, opened up use of its 3D printers to local hospitals so staff can create much-needed personal protective gear. And—yes—3D printers use plastics derived from fossil fuels...The contrast between industry stepping up to help across-the-board in a time of crisis, and activists' attempt to exploit the crisis couldn't be more illuminating."

"When the call for resources came at the onset of this pandemic, energy companies resoundingly answered it. More than innovators, more than job creators, they are key allies for our doctors and nurses, producing vital inputs for critical tools in the fight against coronavirus, from gloves to surgical masks and hand sanitizer."

 

– Steve Forbes, Fox Business

Read it and weep renewable stooges.


America's Power (4/17/20) blog: "In order to promote the growth of renewable electricity sources, such as wind and solar, the federal government has given them special tax incentives.  Chief among these are the production tax credit (PTC), which has been used primarily by wind generation and awards a substantial tax credit for every megawatt-hour (MWh) produced; and the investment tax credit (ITC), which is primarily used by solar electricity generators as a credit against construction costs.  PTCs and ITCs can amount to more than one-third of the cost of building and operating wind and solar facilities. These tax incentives were intended by Congress to support technology that was too expensive in its early development.  Over time, these tax credits accomplished their goals, as wind and solar power have increased from just over 4% of the nation’s electric generating capacity in 2010 to nearly 13% today (9.5% for wind and 3.5% for solar).  Although initially a temporary program, Congress has extended these subsidies several times in recent years as they were about to expire. "

This guy isn't just saying the quiet parts out loud, he's SHOUTING them.

Help families pay their bills or line the pockets of the politically-connected?


E&E News (4/23/20) reports: "Ratepayer advocates in two Midwest states have called for cutting utility energy efficiency programs in response to the coronavirus pandemic's economic fallout, drawing pushback from efficiency advocates. In rate case filings in Ohio and Missouri, state ratepayer advocates have argued for suspending utility-run efficiency programs to divert money to helping consumers who have lost their jobs or are otherwise unable to pay energy bills due to the effects of COVID-19...'Under these terrible circumstances,' he said, 'the annual $14 million in energy efficiency subsidies that Columbia collects from consumers should be repurposed to where they can do the greatest good.' Efficiency advocates, however, say doing so would do more harm than good. The Ohio Partners for Affordable Energy (OPAE), which runs the utility efficiency programs, has until next week to formally respond to the proposal. But the organization's executive director, Dave Rinebolt, said in earlier testimony that the idea is flawed from both a procedural and policy standpoint." 

Energy Markets

 
WTI Crude Oil: ↑ $16.76
Natural Gas: ↓ $1.90
Gasoline: ↓ $1.79
Diesel: ↓ $2.48
Heating Oil: ↑ $78.69
Brent Crude Oil: ↑ $22.35
US Rig Count: ↓ 477

 

Friend on Facebook Friend on Facebook
Follow on Twitter Follow on Twitter
Forward to a Friend Forward to a Friend
Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx
Want to change how you receive these emails?
update your preferences
unsubscribe from this list