America energy wins in a landslide

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DAILY ENERGY NEWS | 11/06/2024

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Back to putting Pittsburgh first, not Paris.

CNBC (11/6/24) reports: "Donald Trump’s election victory on Wednesday sparked a palpable sense of dismay among the climate community, with two key architects of the landmark Paris Agreement warning that the result will stall global efforts to protect the environment. Trump will defeat his Democratic rival Kamala Harris and return to the White House for a second four-year term, according to an NBC News projection. It marks a historic and somewhat improbable comeback for one of the most polarizing figures in modern American politics. The 78-year-old, who has called the climate crisis 'one of the great scams, has pledged to ramp-up fossil fuel production, pare back outgoing President Joe Biden’s emissions-limiting regulations and pull the country out of the Paris climate accord — again. The 2015 Paris Agreement is a critically important framework designed to reduce planet-heating greenhouse gas emissions. It aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels' over the long term. Laurence Tubiana, a key architect of the Paris Agreement, said Trump’s election victory 'is a setback for global climate action, but the Paris Agreement has proven resilient and is stronger than any single country’s policies.'"

"We have more liquid gold, oil and gas. We have more liquid gold than any country in the world. More than Saudi Arabia. We have more than Russia."

– Donald J. Trump, President-Elect

"I ask you to judge me by the enemies I have made."

Just The News (11/6/24) reports: "Direct-action environmentalists took a break from defacing priceless works of art Wednesday to shoot orange paint at a concrete wall in protest of Donald Trump's election in the U.S. Just Stop Oil posted video of young and old activists vandalizing the U.S. Embassy in London mid-morning local time and photos in a press release that show security talking to them, suggesting they were arrested for the act. It says it has 24 supporters in prison and named them. 'This morning the world wakes to find it has slipped further into fascism as well as climate breakdown,' the group, which also advocates banning coal and natural gas, wrote on X. 'Trump's win puts the lives of ordinary people at risk, everywhere.'"

Here's some low hanging fruit, Elon...

City Journal (11/4/24) reports: "If it weren’t for the election season swamping news coverage, odds are more people would be talking about the revelation that, to quote a Bloomberg headline, 'The World Bank Somehow Lost Track of at Least $24 Billion.” In fact, that may understate the reality: the World Bank’s “accounting gap' could be as big as $41 billion. The missing funds in question were for 'climate finance' projects, 'financed by taxpayer dollars from its member countries, the biggest being the US.' According to the Oxfam report that was the source for the Bloomberg story, 'There is no clear public record showing where this money went or how it was used, which makes any assessment of its impacts impossible.' It is possible that much, maybe even most, of the missing money went to the intended people and purposes. But only the hopelessly naïve would dismiss the probability of rampant waste, malfeasance, graft, and outright theft as explanations for that 'gap.' Spending of such magnitude and velocity with sloppy oversight is an invitation to thieves."

It's time to stop this madness.

Offshore Magazine (11/1/24) reports: "Avangrid, Inc. says that it has closed the sale of the Kitty Hawk North offshore wind lease area to Dominion Energy. The agreement, which includes the Kitty Hawk North offshore wind lease area and associated assets, is for a sale of approximately $160 million, inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. The sale price consists of a lease acquisition payment of $117 million and associated development cost reimbursement to Avangrid. The Kitty Hawk North offshore wind lease area is expected to be renamed CVOW-South. Avangrid says that it retains the ownership and associated rights to the Kitty Hawk South lease, and will continue the development of the area, which has the potential to deliver up to 2.4 Gigawatts of power to North Carolina, Virginia, or other states or private companies."

Energy Markets

WTI Crude Oil: ↓ $71.01
Natural Gas: ↑ $2.72
Gasoline: ↑ $3.10

Diesel: ↑ $3.56
Heating Oil: ↓ $227.48
Brent Crude Oil: ↓ $74.43
US Rig Count: ↑ 612

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