Your Morning Energy News

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MORNING ENERGY NEWS | 07/01/2020
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** Recanting the state religion.
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Environmental Progress ([link removed]) (6/29/20) blog: "On behalf of environmentalists everywhere, I would like to formally apologize for the climate scare we created over the last 30 years. Climate change is happening. It’s just not the end of the world. It’s not even our most serious environmental problem. I may seem like a strange person to be saying all of this. I have been a climate activist for 20 years and an environmentalist for 30. But as an energy expert asked by Congress to provide objective expert testimony, and invited by the Intergovernmental Panel on Climate Change (IPCC) to serve as Expert Reviewer of its next Assessment Report, I feel an obligation to apologize for how badly we environmentalists have misled the public. Here are some facts few people know: Humans are not causing a 'sixth mass extinction,' the Amazon is not 'the lungs of the world,' climate change is
not making natural disasters worse, fires have declined 25% around the world since 2003, the amount of land we use for meat — humankind’s biggest use of land — has declined by an area nearly as large as Alaska, the build-up of wood fuel and more houses near forests, not climate change, explain why there are more, and more dangerous, fires in Australia and California."


** And Forbes spiked it.
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The Lid ([link removed]) (6/30/20) reports: "For a few short hours, Forbes dared to publish a story that challenged the end-of-the-world narrative championed by the likes of AOC and Greta to bully us into accepting their vision of drastic environmental change. story Forbes censored. One environmentalist, who was himself part of that movement, started to question how the issues were being used to drive global panic, with little or no regard to the relevant scientific facts. Forbes ran his story. And then they pulled it a short time later– adding to the list of truths that the Left will not tolerate:"


**

"It’s time to take back cities for people and the automobiles that have liberated them to reach more productive jobs, better homes, lower‐​cost consumer goods, and greater recreation and social opportunities."
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– Randal O'Toole, Cato Institute ([link removed])

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More, more, blood & Gore.

** Wall Street Journal ([link removed])
(6/29/20) column: "We wrote an op-ed for these pages in 2006 titled 'For People and Planet,' in which we argued for a long-term, sustainable, multistakeholder approach to business. We said America’s corporate leaders should put environmental, social and governance factors at the heart of their decision-making. Fourteen years later, the idea has become a proven model for business. The Business Roundtable and the British Academy have both strongly endorsed the multistakeholder approach in the past nine months. Why? Because sustainable capitalism is better suited than business as usual to the challenges we face. Voluminous research has shown conclusively that businesses properly integrating ESG factors into their plans are typically more successful and profitable. As the value of this paradigm becomes widely recognized, investors who fail to take it into account may be at risk of violating their fiduciary duty to their clients"

Democrats threaten America.

** E&E News ([link removed])
(6/30/20) reports: "House Democrats pledged to turn a wide-ranging vision for U.S. climate policy into law this morning at a sweltering-hot news conference on the steps of the Capitol, drawing effusive praise from most major environmental groups. Backed by environmental activists and House Speaker Nancy Pelosi (D-Calif.), the Select Committee on the Climate Crisis unveiled a long-awaited majority staff report, which lays out policy ideas including carbon pricing to domestic manufacturing. Chairwoman Kathy Castor (D-Fla.) sold the report as a 'transformative road map' for climate policy. 'We chart the course to good-paying American jobs in solar and wind energy, in manufacturing American-made clean energy and clean electric vehicles,' she said. Despite their celebration, most of the report's recommendations are unlikely to become law anytime soon, and it may not even solve the divisions about certain aspects of climate policy — namely nuclear power and ending fossil fuel development —
pulsing through the Democratic Party. But it's significant in that it reflects the views of Pelosi and other House leaders and offers a vision for what a Democratic Congress would do under a President Biden, should Democrats sweep the elections in November."
** ([link removed])

Energy Markets


WTI Crude Oil: ↑ $39.69
Natural Gas: ↓ $1.67
Gasoline: ~ $2.17

Diesel: ~ $2.43
Heating Oil: ↑ $119.29
Brent Crude Oil: ↑ $41.47
** US Rig Count ([link removed])
: ↓ 279



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