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DAILY ENERGY NEWS | 07/08/2020
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** We can't get back to business without the fundamental building blocks that hold up modern life.
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Real Clear Energy ([link removed]) (7/6/20) column: "As states attempt to slowly return to some degree of normalcy from COVID-19, the pandemic with its incalculable consequences clearly illuminates how essential it is to reinvigorate our economies and critical industries to allow us to better offset any future disruption. And the vital ingredient required to do that - based on every historic recovery from other major disruptive events - is energy. It always plays an intrinsic role in sustained economic growth that generates permanent, middle-class jobs. This post-disaster recovery will prove to be no different...To achieve it, however, our business and political leaders must chart a course toward a future that creates more homegrown essential, supply-chain industries that begins with the ability to employ our diverse domestic energy resources. This will demand that we ignore
anti-energy groups who offer fact-free opposition to our energy future – opposition that will do nothing more than will harm consumers, businesses – and the environment...To do otherwise will merely slow our economic recovery at the expense of countless families and businesses who are just trying to get back on their feet again."


** "We're calling for an eco-socialist Green New Deal that involves public enterprise and planning, particularly in the energy, transportation and manufacturing sectors, so we can get to zero to negative greenhouse gas emissions and 100% clean energy by 2030."
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– Howie Hawkins, Green Party Presidential Candidate ([link removed])

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My car runs on smug!

** E&E News ([link removed])
(7/1/20) reports: "The grid may still be too coal-heavy in some parts of the United States for electric vehicles to be a better option for local air quality than gas cars, according to an analysis published yesterday by scientists at Lawrence Berkeley National Laboratory and Stanford University. In regions like the Midwest and Southeast, battery electric passenger cars caused well over three times more local air pollution than gas cars due to the coal used to create electricity, the study's authors found. Battery buses in those areas, meanwhile, produced over six times as much pollution as conventional buses. Those results were based on the state of the grid as of 2014, cautioned the authors. 'We did not account for the progress of the decarbonization of the electric grid in this work,' co-author Fan Tong, a project scientist in Lawrence Berkeley's energy analysis and environmental impacts division, wrote in an email. The team is planning to do a follow-up investigation with more recent
data, he added."

Freedom molecules reaching new frontiers.

** Reuters ([link removed])
(7/7/20) reports: "Premiums for Mediterranean oil grades over dated Brent have eased in the past few days as European refiners turn to cheaper alternatives to Russian Urals and other crudes, traders said. The price differential for Russia’s Urals oil surged well above $2 per barrel a week ago after the loading plan for July showed a 45% fall in exports from Baltic ports from June, but has pulled back significantly since then. Urals crude oil premiums eased to below $1.50 per barrel on average this week in northwest Europe - down some 80 cents per barrel from a week ago, Refinitiv Eikon data showed. Cargoes with prompt loading dates traded at a premium below $1 per barrel, market participants said...European refiners expected Urals oil loadings to be low in July after a surge in Russian gasoline demand in June prompted producers to feed the domestic market. Exports have also been curbed by an OPEC+ output pact. Refiners turned to alternatives available in the market - mostly U.S. oil, which
remains relatively cheap, and Nigerian and Angolan crude, two traders said."

Another big job cleaned up by Andy and company.

** Bloomberg ([link removed])
(7/7/20) reports: "Residents of an Indiana neighborhood that was partially evacuated due to extensive lead contamination were left out of the EPA’s proposal to remove Superfund status from more than 670 of their properties, community advocates said. The EPA has finished cleanup of more than 670 properties in an Indiana neighborhood that was partially evacuated due to extensive lead contamination in 2017. The EPA proposed yesterday that part of the U.S. Smelter and Lead Refinery Superfund site in East Chicago, Ind., be removed from the agency’s National Priorities List.The EPA will take comments on the proposal for 30 days. The site is on EPA Administrator Andrew Wheeler’s priority list."

Energy Markets


WTI Crude Oil: ↓ $40.61
Natural Gas: ↓ $1.84
Gasoline: ~ $2.18

Diesel: ~ $2.43
Heating Oil: ↑ $124.49
Brent Crude Oil: ↑ $43.16
** US Rig Count ([link removed])
: ↑ 270



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