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MORNING ENERGY NEWS  |  05/29/2020
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Access to America's resources has never been more important.


Bloomberg (5/29/20) reports: "A proposed U.S. Forest Service rule stands to weaken a check on oil and gas development in national forests and possibly give the Interior Department more sway over land leasing decisions, legal analysts and conservationists say. The rulemaking, announced in 2018, aims to align the Forest Service’s leasing practices with those of the Bureau of Land Management to speed up fossil fuel development in national forests and grasslands nationwide, including oil and gas-rich forests in Ohio, Mississippi, and Colorado. The White House is reviewing a draft of the proposed rule, which will be published in June or July, Tracy Parker, Forest Service acting director of minerals and geology management, said in an interview...The Forest Service is remaking its oil and gas regulations at a time when it is weakening environmental checks and balances under the National Environmental Policy Act and joining with the BLM in prioritizing logging and fossil fuels development on federal public lands, said Hana Vizcarra, staff attorney at the Harvard Law School Environmental and Energy Law Program"

"America has no appetite for an eco-left agenda. We need cheap energy and an industry that can kickstart the economy – something natural gas and oil proved to be capable of in 2009."

 

– Daniel Turner, Power The Future

Greens left waiting for Chinese ships to come in.


Green Tech Media (5/27/20) reports: "New Jersey looked like the promised land for energy storage. The state already has the seventh-largest U.S. installed solar capacity, ahead of nearby New York and Massachusetts. Gov. Phil Murphy campaigned in 2017 on a clean energy platform that pushed for a 100 percent clean grid by 2050. When Murphy won and took office, he signed sweeping clean energy legislation in May 2018 that turned his goals into law. Murphy's campaign platform, and the law, included something quite radical at the time: the goal of 600 megawatts of energy storage by 2021 and 2,000 megawatts by 2030. At a moment when all but a handful of states lacked any storage policy whatsoever, that target promised to transform the state into a leading East Coast outpost for a rapidly growing high-tech industry.  2021 is less than eight months away, but instead of gearing up for its energy storage glory days, New Jersey has hardly any progress to show. That's all the more striking considering that energy storage nationally has been growing faster than wind or solar deployments."

Thanks, Lisa.


Washington Examiner (5/28/20) reports: "The Trump administration fulfilled its pledge to help the wind and solar industries weather the coronavirus pandemic, extending by one year certain deadlines for the federal tax credits developers rely on for financing projects. In a notice quietly posted on Wednesday, the Internal Revenue Service extended the so-called 'safe harbor' provisions under the wind and solar tax credits to account for delays companies have faced because of the virus outbreak. The clean energy sector has been asking Congress for months to support these tweaks, but some Republican lawmakers objected to including any renewable energy provisions in previous coronavirus relief packages. A handful of Republican senators, though, including Senate Energy Committee Chairwoman Lisa Murkowski of Alaska and Senate Finance Committee Chairman Chuck Grassley of Iowa, urged the Treasury Department to make the adjustments."

Chi-Coms upset they can't take a pony ride on the Trojan Horse. 


E&E News (5/29/20) reports: "The Energy Department last summer quietly diverted a Denver-bound, Chinese-built grid transformer to search for suspected attack malware — an extraordinary move that would seem to warrant a confidential briefing with top U.S. utility executives. But federal leaders never raised a red flag with major power providers, according to some industry officials. The omission appears to run contrary to the electricity industry's pleas to the federal government for more intelligence about cybersecurity threats from foreign-based vendors. Grid executives were also caught by surprise by President Trump's executive order May 1 directing DOE and other agencies to produce a list of suppliers in "adversary" countries whose equipment would be banned for security reasons. China is a top suspect, a Department of Defense official told reporters. A high-level committee of CEOs and federal security officials, the Electricity Subsector Coordinating Council (ESCC), exists for just that information-sharing purpose." 

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
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: ↓ $33.07
Natural Gas: ↓ $1.79
Gasoline: ↑ $1.97
Diesel: ~ $2.41
Heating Oil: ↓ $91.87
Brent Crude Oil: ↓ $34.66
US Rig Count: ↓ 322

 
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