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DAILY ENERGY NEWS | 05/15/2020
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** Great principles don't get tossed out in emergencies.
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National Review ([link removed]) (5/14/20) column: "‘Oil is dead.” So goes the wishful thinking of the Left in Canada. And not just in Canada. Canada’s oil industry, like others around the world, has taken a beating: Before the coronavirus epidemic, prices already were low and declining, with U.S. shale producers fracking the world into oil abundance, sending prices down from over $100 a barrel in 2014 to less than $30 a barrel just two years later...Unlike their Canadian colleagues, the leaders of the U.S. oil industry aren’t really looking for help. They’ve been through a price crash before — it was the stupendous output enabled by the shale revolution, not the epidemic, that brought down oil prices to begin with — and they learned to adjust. The big oil companies have diversified operations, and they do not live or die by the daily price of crude. 'Any effort by government will come with a very high price
from the Democrats,' says Thomas Pyle of the American Energy Alliance. 'They’ll want to trade that for parts of the Green New Deal, which is a bad deal for us.' Pyle says that some producers, especially smaller firms, might benefit from the same sort of assistance offered to businesses in any other industry, but that protectionist measures such as tariffs and subsidies are help that’s not wanted. Any help that is offered, he argues, should be general rather than industry-specific."


** "When the time is right, I believe Congress should advance a long-term recovery package that gets Americans back to work, and guess what? We know that solar installer and wind technician have been two of the fastest-growing jobs in the country for several years prior to this pandemic."
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– Paul Tonko (D-N.Y.). ([link removed])

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Pyle has spoken. Mic, drop.

** T ([link removed])
** he Hill ([link removed])
(5/14/20) column: "It has recently been reported that Michael Bloomberg, former New York City mayor and failed presidential candidate, plans to spend $50 million of his fortune to help fight the coronavirus. That is welcome news and a significantly positive shift in philanthropic direction for Bloomberg. Based on his track record, only time will tell if this is a change in direction for him or just a temporary moment of rationality. In just 100 days, Bloomberg blew through an astonishing $900 million of his own personal fortune in the single most expensive failed presidential bid in American history. Bloomberg’s spending was so prodigious that MSNBC's Brian Williams and New York Times editorial board member Mara Gay claimed in a now infamous interview that he could have given each American a million dollars in lieu of his campaign spending and still had money left over. That calculation, while embarrassingly incorrect, does shine a light on an important point: Bloomberg has a penchant for
dumping ridiculous amounts of money in support of dubious political causes. "

Turning the plastic bag policy debate inside out.

** American Spectator ([link removed])
(5/14/20) reports: "At a time when the world is focused on cleanliness, trendy — yet filthy — germ-carrying practices of the past are being discarded for common sense and good hygiene. Yes, I’m talking about bringing back single-use plastic bags for grocery and convenience stores. The saga of the plastic bag ban began in 2007, when the city of San Francisco banned them in the name of saving the planet. Many other large cities followed suit with similar bans or fees for using single-use bags in stores. As of January this year, eight states — California, Connecticut, Delaware, Hawaii, Maine, New York, Oregon, and Vermont — have banned single-use plastic bags. This ridiculous trend has set a precedent for banning plastic drinking straws, coffee cup lids, and other modern-day conveniences despite their clean qualities. But as health officials pointed out how reusable bags spread coronavirus — most are washed infrequently, hold germs longer, and can contaminate store countertops — California
Gov. Gavin Newsom reversed course and signed an executive order to allow stores to provide disposable plastic bags to customers again. But only for 60 days."

A warning for our colleagues in the E.U.

** E&E News ([link removed])
(5/15/20) reports: "The coronavirus pandemic is scrambling European efforts to pass an ambitious plan to slash greenhouse gas emissions across the continent. But activists and European Union officials insist the Green Deal would move forward — in some form and at some point. They are just not sure when. 'Some files of the Green Deal have been delayed, but nothing has been put off indefinitely because of COVID-19,' said Agnese Ruggiero, a policy officer with Carbon Market Watch. 'As far as industry is concerned, the climate and environmental policies that they have asked to be delayed are also still on track.' As proposed, the far-reaching Green Deal would have Europe reach carbon neutrality by 2050. Part of that effort includes financial assistance to phase out polluting industries in a 'just transition' toward cleaner energy sources and production. E.U. officials are also discussing a 'carbon border adjustment' to tax imports from countries not actively implementing greenhouse gas
emissions regulations.."

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: ↑ $28.67
Natural Gas: ↑ $1.72
Gasoline: ↑ $1.86

Diesel: ↑ $2.49
Heating Oil: ↑ $91.64
Brent Crude Oil: ↑ $31.88
** US Rig Count ([link removed])
: ↓ 366



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