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MORNING ENERGY NEWS  |  8.26.2019
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Farewell, David. May you rest in peace.


Koch Newsroom (8/23/19) memorializes: "David Hamilton Koch, longtime stockholder, director, and leader in Koch Industries, passed away on August 23, 2019 at age 79 after many years of fighting various illnesses. This is the story of his life and contributions to the company where he worked, the communities where he lived, and the lives that he touched. David had always exhibited the qualities that enabled him to make so many contributions. As his father Fred put it, 'David is very quick in mind and body. He is a natural athlete and very practical. If any of the kids becomes an engineer, I think it will be he. As it turned out, David would be an engineer, and much, much more. An all-American athlete. A chief executive officer. A U.S. vice-presidential candidate. A cancer fighter. A plane crash survivor. An extremely generous philanthropist. From a Kansan to a New Yorker. A devoted husband. A proud father.'"

"I was taught from a young age that involvement in public discourse is a civic duty. Each of us has a right — indeed, a responsibility, at times — to make his or her views known to the larger community in order to better form it as a whole. While we may not always get what we want, the exchange of ideas betters the nation in the process."

 

David Hamilton Koch

Does this mean we get to add 14 years to the twelve we have left?


Real Clear Energy (8/23/19) reports: "When American climate alarmists claim to have witnessed the effects of global warming, they must be referring to a time beyond 14 years ago. That is because there has been no warming in the United States since at least 2005, according to updated data from the National Oceanic and Atmospheric Administration (NOAA)...Climate activists frequently visit or mention particular regions, states, or places in the United States and claim warming impacts are evident, accelerating, and unmistakable. Yet how can that be when there has been no warming in the United States since at least 2005?"

Comedian, or Bernie's legal advisor?

This guy just never learns.


Spectator (8/25/19) column: "The French president Emmanuel Macron is as flighty as the movie character he most resembles, Harold Chasen, the eponymous sillyboy boy in Harold and Maude. As the world’s economies shudder under a variety of eco-angst initiatives, uncertainty over Brexit, the disruptions of Trump’s steely tariff initiatives, and the truculence of a surprised China, the blinking boy wonder jettisoned all the careful laid plans for the G7 meeting in Biarritz and announced without warning that the summit should focus on the ’emergency’, the ‘international crisis’ of (as one news report put it) ‘the record number of fires ravaging the Amazon jungle.’ ‘Our house is burning. Literally,’ Macron squeaked in a tweet Thursday, even as he elsewhere accused Bolsonaro of lying to him about Brazil’s effort to combat the great green phantom, ‘Climate Change.’"

Talk about an entitlement problem.


Des Moines Register (8/62419) reports: "Gripped with anger, some Iowa ethanol leaders say President Donald Trump should no longer count on their support in next year’s election, given his administration's action to cut demand for the U.S. renewable fuel...Since taking office, the Trump administration has granted 85 refineries a pass from buying 4 billion gallons of renewable fuel, killing demand for 1.4 billion bushels of corn used to make it, Bowdish said...'The exemptions are ridiculous and a slap in the face to farmers,' said Curt Mether, president of the Iowa Corn Growers Association and a western Iowa farmer." 

Energy Markets

 
WTI Crude Oil: ↑ $54.85
Natural Gas: ↑ $2.19
Gasoline: ↓ $2.59
Diesel: ↓ $2.93
Heating Oil: ↑ $182.99
Brent Crude Oil: ↑ $59.90
US Rig Count: ↓ 956

 

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