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MORNING ENERGY NEWS  |  7.9.2019
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So close, yet so far.


Bend Bulletin (6/30/19) reports: "The failure of Democrats’ high-priority climate policy last week was a gut punch that left supporters disbelieving and bitter, denouncing Oregon’s runaway Republican senators for sabotaging 'the Oregon Way' and the arrival of Trumpian, anything-goes politics in Salem.The reaction was hardly surprising, given backers’ decadelong, Sisyphean struggle to push this policy up the hill, only to see it roll back down at the end of every legislative session...Environmental groups are ladling the blame on Republicans, a corporate misinformation campaign funded by the Koch brothers and climate deniers, and, increasingly, on [Senate President] Courtney. Beyond the recriminations, however, it’s clear lawmakers and advocacy groups made their own tactical missteps along the way. In a session packed with high-priority bills, House Bill 2020 — the most complicated and controversial of them all — didn’t rise to the top. It was left until the eleventh hour, handing Republicans the perfect opportunity to block it. In the end, they failed to write a bill enough Senate Democrats would support — a fundamental failure after years of working to get the policy this far."

"Once conservatives have endorsed a carbon tax, they will have no principled answer to the endless pressures for more government intervention. Conservatives cannot defeat climate alarmism and the fundamental threat to freedom that it represents unless we defend first principles."

 

Benjamin Zycher, American Enterprise Institute

If only we'd let Gordon utilize his liveliest rabbit: natural gas.


E&E News (7/8/19) reports: "Stresses on parts of the power grid have operators scrambling for ways to keep the lights on. In Texas, where backup power reserves are stretched to the limit, most engineers would conclude that 'there's no way in hell they can keep the lights on,' said Jim Robb, CEO of the North American Electric Reliability Corp. 'And yet they do.' In New England, the head of the regional grid operator, Gordon van Welie, has needed a magician's touch to escape natural gas shortages for power plants, Robb added at a Federal Energy Regulatory Commission conference last month. 'Gordon up in New England constantly finds another rabbit to pull out of his hat to keep the lights on when any of us would look at that situation and say, 'It's got to break,"' Robb said."

They're in a better place.


DelMarVa Now (7/8/19) reports: "Some leave constellations of droppings along the river, others down fairways, while others are watched happily as they graze. But hundreds fewer geese are going to be seen waddling around Salisbury for the time being. Kevin Sullivan of the U.S. Department of Agriculture's Wildlife Services confirmed his team humanely euthanized 362 resident Canada geese two weeks ago, brought in by request of the city of Salisbury to manage 'an excessive population.'...'With some nets and panels, we surround the geese; we capture them; we put them in poultry crates and transport them to a waterfowl processor,' [Kevin Sullivan of the U.S. Department of Agriculture] said. "Then the meat is processed and given to food shelters."

Taking down Trudeau by sheer force of will.


CBC (7/6/19) reports: "As much as the Calgary Stampede is about rodeos, drinking and fried everything, it's also one of the biggest political glad-handing events of the year. On Thursday, Alberta Premier Jason Kenney kicked things off, standing side-by-side with Calgary Mayor Naheed Nenshi, to flip pancakes. Saturday morning, it was federal Conservative Leader Andrew Scheer's turn at the griddle, cowboy hat and all. In the corporate heart of Canada's energy sector, where the downturn in prices has hit hard, it's no surprise the talk was almost exclusively oil and gas, with a sprinkling of attacks against Prime Minister Justin Trudeau. 'I think the people of Alberta know Justin Trudeau's attitude toward them and the energy sector,' said Scheer as he took questions from the media. 'He's done everything he can to landlock Alberta's natural resources and to phase out the energy sector.'"

Energy Markets

 
WTI Crude Oil: ↑ $57.99
Natural Gas: ↓ $2.39
Gasoline: ↓ $2.75
Diesel: ↓ $3.00
Heating Oil: ↑ $190.31
Brent Crude Oil: ↑ $64.51
US Rig Count: ↓ 999

 

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