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MORNING ENERGY NEWS | 05/08/2020
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** King Cuomo makes it clear he doesn't care if the peasants have reliable energy during a plague.
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Washington Examiner ([link removed]) (5/7/20) reports: "New York Democrats who are asking Congress to supply them with what is widely described as a 'coronavirus bailout' would be in a stronger economic and political position today if they took advantage of their state’s natural resources. Unlike neighboring Pennsylvania, New York has banned the use of hydraulic fracturing that can be used to extract oil and natural gas deposits available within an underground rock formation known as the Marcellus Shale. For this reason, New York residents have lost out on an energy production boom that would have enabled the state to produce more than enough natural gas to cover its own heating, electrical, and industrial needs. In fact, New York has enough untapped resources to become an exporter of natural gas to other states...The Institute for Energy Research, a nonprofit group based in Washington, D.C., that advocates for
free market energy policies, has published some highly revealing figures that show how costly the ban on drilling has been in a state that is in desperate need of affordable, reliable energy. The Marcellus Shale extends from New York through Pennsylvania and West Virginia and includes small parts of Maryland and Virginia. But New York policymakers have effectively cut off 12 million acres from the Marcellus Shale that could be used to supply growing energy needs."


** "The sooner well-meaning environmentalists imbibe the inconvenient truths displayed in Planet of the Humans, and the sooner they forget its long-discredited Malthusian outlook, the better humanity’s planet will be as a result of human activities."
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–Pierre Desrochers, American Institute for Economic Research ([link removed])

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Climate crazies are dead set on using this global crisis as an excuse to push the Green New Deal.

** E ([link removed])
** &E News ([link removed])
(5/8/20) reports: "Governments must take advantage of a $3 trillion green investment opportunity to recover from the coronavirus shock, former Bank of England Governor Mark Carney said. Carney, now a United Nations adviser on climate finance, said airlines and other heavily polluting industries should be required to set climate change targets in exchange for government support. Governments are under pressure to get the most bang for their bucks as they seek ways to rescue their economies. More than $7 trillion has been committed to relief efforts in the past three months, and many more trillions will need to be injected into the global economy in the coming months. Speaking at an online panel discussion hosted by the Policy Exchange think tank, Carney highlighted a "huge opportunity" for $3 trillion of investment in energy infrastructure and sustainable construction, such as green hydrogen, battery technology and carbon capture."

The corn mafia doing their best to put the squeeze on The Don.

** Bloomberg ([link removed])
(5/7/20) reports: "The EPA should deny governors’ requests to waive biofuel-blending mandates as it 'would cause further harm to the U.S. economy' and especially 'vulnerable rural communities,' 24 senators told President Trump on Thursday. Granting those waiver requests would exacerbate pain for the biofuel industry and farmers whose income is tied to the health of the sector, as dropping fuel demand prompted ethanol and biodiesel producers to idle plants and slash production, the senators led by Tina Smith, D-Minn., and Joni Ernst, R-Iowa, say in letter to Trump. Waiving the RFS would cause 'far-reaching detrimental impacts on employment, farmers, food security, fuel prices and the environment,' they write. NOTE: Governors of Texas, Utah and three other states last month petitioned EPA to waive blending requirements under the Renewable Fuel Standard, citing a spike in the cost of compliance credits as well as collapsing fuel demand. Senators say those waiver requests fall short of legal
requirement that there be a 'severe harm' to the economy or environment of a state, region or the U.S., arguing the oil industry’s 'challenging market conditions' are due to coronavirus and excess crude supply, not the RFS"

It's even harder to stay at home when you can't keep the refrigerator running.

** Stop These Things ([link removed])
(5/7/20) blog: "Across the globe, all manner of businesses have been forced to shut their doors and their owners and employees now find themselves in forced lockdown at home, devouring Netflix and junk food delivered by Uber-eats. The COVID-19 responses might vary in severity country by country, but the wholesale reduction in air-travel, transport, traffic, the movement of people and goods should give punters a taste of what a net-zero carbon dioxide emissions target will look like. Except that weather-worriers are pursuing that object, as well as their broader plan of delivering (occasional) power from subsidized windmills and solar panels that’s so expensive as to be prohibitive to all but the elite. Well, that’s the plan anyway. For now, though, electricity is still being delivered, and a fair proportion of those lucky enough to be still hooked to the grid can still afford it. But, as Dr John Constable details below, Boris Johnson’s decision to force Brits to stay at home and kill off
all manner of business activity has given rise to some unexpected challenges for Britain’s power grid. And those challenges are all part and parcel of Britain’s attempt to run on sunshine and breezes."

If you oppose a carbon tax, please ** contact us and take a stand (mailto:[email protected]?subject=Carbon%20Tax%20list)
.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $23.95
Natural Gas: ↓ $1.86
Gasoline: ↑ $1.82

Diesel: ↓ $2.42
Heating Oil: ↑ $84.70
Brent Crude Oil: ↑ $29.89
** US Rig Count ([link removed])
: ~ 390



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