View this email in your browser
MORNING ENERGY NEWS  |  8.13.2019
Subscribe Now

A move that could be described as...sagacious.


Washington Examiner (8/12/19) reports: "The Trump administration finalized modifications Monday to the implementation of the Endangered Species Act to make it more accommodating to businesses that view the law as cumbersome and restrictive to developers. The administrative changes are the most far-reaching regulatory revisions to the 1973 Endangered Species Act in decades, environmental groups say. 'The best way to uphold the Endangered Species Act is to do everything we can to ensure it remains effective in achieving its ultimate goal—recovery of our rarest species,' said Interior Department Secretary David Bernhardt. 'The Act’s effectiveness rests on clear, consistent and efficient implementation.' Republicans note the law has only recovered about 1% of the species that have been placed on the endangered species list."

"The climate is just the latest feeble excuse for the nannies who love to lecture us about our diet. In an all-too-familiar progression, what starts out as a suggestion then becomes ostracism and ends in state coercion. All based on a false premise."

 

– Matt Ridley in The Sunday Telegraph

Only one way to find out.


E&E News (8/12/19) reports: "The oil potential in Alaska's Arctic National Wildlife Refuge is unparalleled or a false promise, depending on whom you believe. After decades of mystery, a definitive answer may come soon. Oil and gas companies will have their first shot at securing rights to drill if the Trump administration makes good on its goal to hold a lease auction in ANWR's coastal plain this year. Leasing in ANWR was blocked for four decades, despite consistent efforts by Alaskan lawmakers to allow opening up the coastal plain — a 1-million-acre area — to drilling. A Republican-led Congress changed that by tucking a rider into the 2017 tax overhaul...'Alaskans can now look forward to our best opportunity to refill the Trans-Alaska Pipeline System, thousands of jobs that will pay better wages, and potentially $60 billion in royalties for our state alone,' Sen. Lisa Murkowski (R) said in 2017. But just what ANWR holds for the sector is still unknown."

Fits of intermittency, innit?


The Guardian (8/9/19) reports: "Large parts of England and Wales were left without electricity following a major power cut that had a serious impact on rail and road services, including city traffic lights. Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour, while hundreds of thousands of homes were left without electricity after what the National Grid described as a problem with two generators...About 500,000 customers in Wales, south-west England and the Midlands were affected and 300,000 customers in south-east England were left without power, the local distributors said. A further 110,000 in Yorkshire and north-east England were affected, alongside about 26,000 in north-west England, according to the electricity distributors in those areas. EnAppSys, an energy consultancy, said the blackout may have been caused by the unexpected shutdowns of the Hornsea offshore wind farm, which is owned by the Danish wind farm company Orsted, and the Little Barford gas-fired power plant, owned by German utility giant RWE."

Doh!


Orlando Sentinel (8/9/19) reports: "JPMorgan Chase, the largest bank in the U.S., plans to chop down 150 large shade trees from a pair of office parking lots off International Parkway in Seminole County to make way for more than a dozen solar panel canopies. The solar panels eventually would feed electrical power to JPMorgan’s two three-story office buildings as part of a two-year plan calling for the banking giant’s buildings in more than 60 countries to be completely dependent on renewable energy. But the initiative sets up the quandary of whether axing trees, which clean out carbon dioxide and other pollutants from the air, to install a clean energy source such as solar panels, is an improvement from an environmental standpoint. 'It’s case by case,' said Will Liner, urban forestry program manager with the Florida Forest Service, speaking broadly about the issue of solar panels versus trees and not specifically addressing JPMorgan’s proposal. 'Solar panels are a very positive thing because you are getting electricity from a renewable source of energy….But what you don’t get from solar panels are the human health benefits of trees.'"

Energy Markets

 
WTI Crude Oil: ↓ $54.75
Natural Gas: ↑ $2.11
Gasoline: ↓ $2.64
Diesel: ↓ $2.96
Heating Oil: ↓ $180.50
Brent Crude Oil: ↓ $58.37
US Rig Count: ↓ 963

 
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