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MORNING ENERGY NEWS | 04/28/2020
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** Q: What is 7.8 billion divided by 650,000? A: Your rate increase, Virginians. Is that really what you were asking for?
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Bloomberg ([link removed]) (9/19/19) reports: "Dominion Energy Inc.’s customers have been pressing the Virginia utility giant for years to source more clean energy. On Thursday, the company heeded their call -- with a $7.8 billion, ratepayer-backed plan to build the largest offshore wind farm in America. The proposal is unprecedented. Never has a utility pitched an offshore wind project of this size -- big enough to power 650,000 homes -- and in such a way that would have its customers shouldering the costs. It still needs the approval of state regulators, and the blessing of others including the region’s grid operator. But the Richmond-based company is already promoting the plan as a major means of curbing its global-warming emissions 55% by 2030. In proposing the wind project, Dominion Vice President Mark Mitchell said, the utility is 'giving our customers what they have asked for -- more
renewable energy.' Already, though, some of its big ratepayers are choosing to take another route. Customers including Costco Wholesale Corp. and Kroger Co. applied for the right to bypass Dominion and negotiate directly with independent electricity suppliers for renewable energy."
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** "In reality, the sooner and more completely we restore the old economy, the faster we simply recreate the conditions that got us sick in the first place and rendered us incapable of mounting an effective response."
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– ([link removed]) D ([link removed]) ouglas Rushkoff, Team Human ([link removed])
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They really can't handle reality, even when it's coming from one of their own.
** Power Line ([link removed])
(4/26/20) blog: "Left-wing filmmaker Michael Moore has produced a documentary called Planet of the Humans. The film (which I haven’t yet seen) is basically an attack on “green” energy, i.e., wind and solar. Moore comes at the issue from a far-left perspective: 'Michael Moore presents Planet of the Humans, a documentary that dares to say what no one else will this Earth Day — that we are losing the battle to stop climate change on planet earth because we are following leaders who have taken us down the wrong road — selling out the green movement to wealthy interests and corporate America.'...Despite his loony point of view, Moore is right about wind and solar: they are intermittent, unreliable, ridiculously expensive, and bad for the environment. That message was too much for the lavishly funded 'green' establishment, which has responded by trying to shut Moore up and ban his film..the 'green' left has indeed tried to suppress Moore’s documentary. They say it is full of lies and
misinformation, but are slow to cite any instances. Mostly it is generalities."
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Across the globe the curtain is coming back and revealing these people's true priorities.
** E&E News ([link removed])
(4/28/20) reports: "Germany and Britain said yesterday that efforts to revive the global economy in the wake of the coronavirus pandemic must ensure a 'green recovery' that helps the world tackle climate change. Speaking ahead of a virtual meeting of officials from some 30 countries, Germany's environment minister said it was important for economic recovery programs to invest in future-proof jobs that would help reduce greenhouse gas emissions in coming years, rather than aim for a return to business as usual. 'We mustn't invest in technologies of the past,' Svenja Schulze told the Associated Press, noting that some countries are holding on to plans to build new coal-fired power plants. Some German politicians have called for stimulus money to be spent on subsidizing car purchases, to boost the country's auto industry. Schulze suggested one way to do this would be to help care workers buy electric vehicles for house calls. 'These are many, many vehicles,' she told the AP. 'It would help the
economy, and it would move us forward [in curbing emissions].'"
When one handout runs dry the corn clowns just move on to the next one...
** Bloomberg Environment ([link removed])
(4/27/20) reports: "Ethanol advocates beseeched President Trump for aid on Monday, warning that more than half of U.S. capacity to produce the biofuel is already offline as coronavirus-spurred social distancing efforts cause demand to crater. The American Coalition for Ethanol asked Trump to direct his cabinet to formulate a plan to aid the renewable fuels sector, comparing it to the president’s push for oil industry spending. 'Now is the time your leadership in support of America’s farmers and the renewable fuels sector can help cut through bureaucratic red tape and respond to the mounting economic harm' ACE head Brian Jennings said in letter to Trump. Note: Trump administration’s $19b farmer aid package did not include targeted relief for biofuel. 'A more urgent response is needed,' Jennings said. 'The administration has tools that can be deployed with the necessary political will'"
Energy Markets
WTI Crude Oil: ↓ $10.88
Natural Gas: ↑ $1.89
Gasoline: ↓ $1.76
Diesel: ↓ $2.41
Heating Oil: ↓ $60.35
Brent Crude Oil: ↓ $19.94
** US Rig Count ([link removed])
: ↓ 433
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