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MORNING ENERGY NEWS  |  8.16.2019
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The war on modern life claims another victim. 


Fox 23 (8/15/19) reports: "The leaders of one Minnesota city are putting on the brakes when it comes to new drive-thrus in their community.  The Minneapolis City Council unanimously approved a measure last week that bans any new drive-thrus from being built in the city, KMSP reported. Council members said it will cut down on exhaust from vehicles as they idle as drivers wait for food, which will help the environment...But not everyone is happy with the change. Disabled drivers said that drive-thrus allow them to get food and medication, Minnesota Public Radio reported...The new law is part of an effort called Minneapolis 2040 that will also start doing away with gas stations in the city and mandatory parking regulations."



"To the extent that a lot of recycling is harmful to the environment, this is a double whammy: recycling is largely fake, but it enables people to feel okay about doing other things that pollute."

 

– Michael Munger, American Institute for Economic Research

Deranged De Blasio makes demonstrably deceptive declaration. 


Politico (8/14/19) reports: "As climate change becomes a central focus of the 2020 Democratic primary, Mayor Bill de Blasio has touted his mayoral record on the environment, often repeating the claim that the city has pulled $5 billion out of fossil fuel holdings from its pension fund...But for a man fond of saying he doesn't deal in 'hypotheticals,' the mayor's divestment claim is just that: The city has not divested any pension money from the fossil fuel industry. So far, it has only announced its intention to study the issue — an analysis that has not yet begun. Moreover, de Blasio doesn’t control whether or not the city will ultimately pull the money out of fossil fuel holdings...The de Blasio campaign declined to comment on why he's claiming to have accomplished something that is still years off, at best."

Don't count out old King Coal just yet.


Reuters (8/15/19) reports: "The prevailing market view on coal is that the industry is now facing terminal decline, as renewables and natural gas displace the polluting fuel. The problem is the facts don’t quite fit the narrative...Recent media headlines on the seaborne market are largely bearish, with one of the latest being an interview of Guillermo Fonseca, the chief executive of Colombian coal exporter Cerrejon, who told Bloomberg News that the market for the fuel 'is disappearing.' It’s therefore a bit of a surprise to look at the actual volume of coal being shipped around the globe and see that it is growing so far this year....But it wasn’t just Asia showing growth in seaborne coal imports, with Europe gaining to 101.6 million tonnes from 94.3 million, Latin America up to 30.3 million from 28.1 million and Africa going to 16.4 million from 15.5 million. What this shows is that the seaborne coal market has actually enjoyed broad-based growth so far in 2019."

Imagine clapping at lawmakers jeopardizing your way of life.


Utility Dive (8/14/19) reports: "The Seattle City Council unanimously passed a resolution calling for the passage of a federal Green New Deal, which has generated vigorous debate in Congress, and the council committed to developing a local version. The resolution sets the standards for drawing up Seattle's Green New Deal. It includes eliminating greenhouse gases by 2030; prioritizing low-income communities and communities of color, reducing reliance on fossil fuels; increasing building and transportation energy efficiency and reducing their emissions and improving housing affordability...The council was met with applause from a packed house as soon as it introduced this resolution. Upon passage, attendees again applauded and parlayed that into a standing ovation."

Democrats quickly weed out the only candidate opposed to the Green New Deal...


NPR (8/15/19) reports: "Former Colorado Gov. John Hickenlooper dropped his bid for president Thursday. 'Today, I'm ending my campaign for president. But I will never stop believing that America can only move forward when we work together,' Hickenlooper tweeted. He had been urged to run for Senate in Colorado, challenging Sen. Cory Gardner. In a video attached to his tweet, he said he would give that 'serious thought' but made no announcement. As a presidential candidate, Hickenlooper had painted himself as a relative centrist in the crowded, mostly progressive presidential field of more than 20 candidates. But he wasn't able to gain much traction. He had not met the polling or fundraising requirements to participate in the September debate." 

If you oppose a carbon tax, please contact us and take a stand.

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
Amy Oliver Cooke, Independence 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
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $55.46
Natural Gas: ↓ $2.19
Gasoline: ↓ $2.63
Diesel: ↓ $2.95
Heating Oil: ↑ $182.74
Brent Crude Oil: ↑ $59.32
US Rig Count: ↓ 964

 
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