Your Morning Energy News
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MORNING ENERGY NEWS | 07/17/2020
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** After President Trump is finished anyone who wants to build a road will be able to.
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Wall Street Journal ([link removed]) (7/16/20) reports: "President Trump often gets itchy to sign some giant public-works spending bill. Here’s a much better gift to America: The White House on Wednesday finished its renovations to the process for environmental reviews. This might sound as dry as old cement, but it’ll help big projects get built for years to come—that is, if President Joe Biden doesn’t use an expedited procedure next year to undo it. A 1970 law called the National Environmental Policy Act, or NEPA, mandates an environmental study if a major project involves federal funding or permitting. In 1981 the expectation by the White House Council on Environmental Quality (CEQ) was that even for 'large complex energy projects,' the whole review process 'would require only about 12 months.' Today that seems heavenly. In recent years the average review involving an environmental impact statement took 4.5
years, and the final document ran to 661 pages, before appendixes. In a quarter of cases, the process burned at least six years and 748 pages. Those timelines don’t necessarily count any subsequent lawsuits over whether the NEPA review was faulty. One sadly spectacular outlier was a 12-mile highway expansion in Denver that took 13 years to get through environmental review."
** "Biden, economically, is kind of terrifying because he's all in on the Green New Deal, including this apocalyptic nine-year vision that is not based on any science but rather AOC-led hysteria."
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– Greg Gutfield, Fox News ([link removed])
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Explains Joe Biden's energy/climate platform.
** Real Clear Politics ([link removed])
(7/14/20) reports: "Marxist academic and former Black Panther Angela Davis appeared on Russia Today to explain why she will be supporting Joe Biden for president in 2020. 'I don't see this election as being about choosing a candidate who will be able to lead us in the right direction,' she said. 'It will be about choosing a candidate who can be most effectively pressured into allowing more space for the evolving anti-racist movement.' 'Biden is far more likely to take mass demands seriously,' Davis told RT on Monday. 'The election will ask us not so much to vote for the best candidate, but to vote for or against ourselves. And to vote for ourselves I think means that we will have to campaign for and vote for Biden.'"
Another icon brought down by lockdowns.
** BBC ([link removed])
(7/17/20) reports: "British Airways has said it will retire all of its Boeing 747s as it suffers from the sharp travel downturn. The UK airline is the world's largest operator of the jumbo jets, with 31 in the fleet. 'It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,' a BA spokesman told the BBC. Airlines across the world have been hit hard by coronavirus-related travel restrictions. 'It is unlikely our magnificent 'queen of the skies' will ever operate commercial services for British Airways again due to the downturn in travel caused by the Covid-19 global pandemic,' the spokesman added. BA, which is owned by International Airlines Group (IAG), said the planes will all be retired with immediate effect. The 747s represent about 10% of BA's total fleet."
Why fear questions if 'science' is on your side?
** Real Clear Energy ([link removed])
(7/15/20) column: "Stacey Abrams, who ran for governor of Georgia, and Tom Steyer, who ran for president of the United States, are now trying to run me out of town. Abrams, Steyer, and the leaders of 17 large environmental lobbies recently asked Facebook to ban a research group that I direct—the CO2 Coalition, made up of 55 climate scientists and energy economists. The annual budgets of these lobbies total over half a billion dollars, and Steyer alone is worth $1.6 billion. Their alarmist view of our supposedly impending environmental doom predominates in mainstream media, centering on the impact on the earth of emissions of carbon dioxide—a non-polluting, mild warming gas, and an important source of plant and plankton food. By contrast, the CO2 Coalition’s annual budget is half a million dollars. Like all scientists and economists who ask for any proof of the looming apocalypse, we are excluded from mainstream-media discussion. You might wonder: how did the Steyer-Abrams crowd even notice
us, let alone conclude that we posed a threat to their enforced consensus, which calls for an end to the affordable, reliable energy that powers over 80 percent of the world?"
If you oppose a carbon tax, please ** contact us and take a stand (mailto:
[email protected]?subject=Carbon%20Tax%20list)
.
Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America
Energy Markets
WTI Crude Oil: ↑ $40.77
Natural Gas: ↑ $1.73
Gasoline: ↑ $2.20
Diesel: ~ $2.43
Heating Oil: ↓ $122.46
Brent Crude Oil: ↑ $43.28
** US Rig Count ([link removed])
: ↓ 279
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