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MORNING ENERGY NEWS  |  07/13/2020
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During the global outbreak of COVID-19 America's energy producers are pitching in to help our communities. We'll be doing our best to amplify these great stories made possible by America's producers.

Summit is on top when it comest to helping its communities...


News Center Maine (7/12/20) reports: "Maine's Summit Natural Gas has always been giving back to its community. Whether that be helping with little league or high school sports or COVID-19 assistance. 'It was so important to see if we couldn't help folks who were really in crisis situation,' Matt Jacobson of Summit Natural Gas said. Now, employees are making masks for front line workers, writing letters to veterans in nursing homes, and donating to food banks and the Southern Maine Agency on Aging. 'Very early as we started canvasing where can we help, was that their requests for meals on wheels went up 100%,' Jacobson said. NEWS CENTER Maine was unable to get in touch with the Southern Maine Agency on Aging but according to the Meals on Wheels website, 89% percent of Meals on Wheels programs nationwide have seen an increased demand in meals since the start of the pandemic. Of those programs, 79% of them have seen the demand at least double during this time. 'For us wearing a mask and all the rest but these folks weren't going to eat,' Jacobson said. Southern Maine Agency on Aging isn't the only organization receiving these donations. Others include Falmouth Food Bank, Kennebec Valley United Way, Kennebec Valley Community Action, The Waterville Food Bank, and the Augusta Food Bank. 'We know we're only as strong as our communities,' Jacobson added."

"Our great untold environmental story is what happens when American industry, government and other stakeholders team up to solve problems. We get results. This is the greatest success story very few people have heard."

 

– Kevin Doyle,
Consumer Energy Alliance

 

Just wait for the numbers after America's grand re-opening.


Oil Price (7/11/20) reports: "Natural gas is the cleanest of the fossil fuels. It is also fastest-growing fossil fuel, with a global 2.6 percent average annual growth rate over the past decade. In comparison, oil grew at a rate of 1.3 percent over the past decade, and coal grew globally at 0.8 percent. Looking ahead, natural gas is projected to be the only fossil fuel that will see substantial demand growth over the next two decades. Over the past decade, the U.S. shale gas boom propelled the U.S. into the global lead among natural producers. In 2019, the U.S. held a commanding 23.1 percent share of global natural gas production, well ahead of Russia (17.0 percent) and even the entire Middle East (17.4 percent).The Top 10 producers of natural gas accounted for 70 percent of the world’s natural gas supply in 2019. U.S. production grew 10.2 percent last year to 89.1 billion cubic feet (BCF) per day, which was 88 percent higher than in 2005. In fact, last year’s production was more than the combined production of any other two countries in any year ever."

Yet another clean up job on deck for Cocaine Mitch.


E&E News (7/13/20) reports: "The House Appropriations Committee continues its whirlwind of activity this week with markups planned on legislation to fund energy, water and other environmental programs. Last week, appropriators released all their fiscal 2021 bills for the year in an effort to make up for lost time because of the coronavirus pandemic. And even though the base proposals were not much different from last year's offerings, Democrats packed the measures with billions in emergency spending aimed at economic recovery, including climate and clean energy investments 'The House is officially putting their money where their mouth is, using their constitutional power of the purse to protect and restore our environment,' said Bart Johnsen-Harris, director of federal government affairs for Environment America."

Is it too much to ask to throw the dog (who keeps modern society functioning) a bone?


Bloomberg (7/10/20) reports: "Developers of the Dakota Access pipeline are turning to a federal appeals court to avert an unprecedented shutdown of the oil pipeline. Energy Transfer LP lawyers on Friday filed an emergency request for the U.S. Court of Appeals for the District of Columbia Circuit to freeze a lower court’s order requiring the project to stop operating by Aug. 5. Dakota Access has been in service for three years, moving crude from North Dakota to Illinois. District Judge James E. Boasberg ordered the shutdown in a surprise July 6 decision, requiring Energy Transfer to empty the pipeline of oil while the Army Corps of Engineers conducts an environmental review expected to stretch into 2021. Boasberg this week rejected Energy Transfer’s requests that he freeze the order while the company pursues an appeal. A randomly assigned three-judge panel at the D.C. Circuit will now decide whether to keep the shutdown mandate in place during a months-long appeals process. Energy Transfer could take the issue to the U.S. Supreme Court if the D.C. Circuit declines to stay the order. The company has vowed to use all legal tools to keep Dakota Access in service, and said it hasn’t taken any steps to shut the pipeline down" 

Energy Markets

 
WTI Crude Oil: ↓ $39.92
Natural Gas: ↓ $1.78
Gasoline: ↑ $2.19
Diesel: ↓ $2.43
Heating Oil: ↓ $122.42
Brent Crude Oil: ↓ $42.64
US Rig Count: ↑ 280

 
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