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MORNING ENERGY NEWS  |  07/31/2020
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These soviet show trials are getting out of hand.


Quillette (7/29/20) column: "Today, shortly after giving expert testimony to Congress about energy policy, I had the startling experience of being smeared by sitting members of the United States House of Representatives.The context was a special House Committee hearing to evaluate a Democratic proposal similar to the one proposed by Democratic presidential candidate Joe Biden, which would spend $2 trillion over four years on renewables and other climate programs. Congressional interest in my testimony stems in part from the fact that I advocated for a Democratic energy proposal very similar to Biden’s between 2002 and 2009...But then, late in the hearing, Representatives Sean Casten of Illinois and Jared Huffman of California, both Democrats, used the whole of their allotted time to claim that I am not a real environmentalist, that I am not a qualified expert, and that I am motivated by money.  Had I been given a chance to respond, I would have noted that: I have been a climate activist for 20 years; my new book, Apocalypse Never, has received strong praise from leading environmental scientists and scholars; the United Nations Intergovernmental Panel on Climate Change recently invited me to serve as an expert reviewer; and that I have always been financially independent of industry interests.But I wasn’t given the chance to say any of that."

"We’re here today to celebrate your incredible achievements.  We’re also here to send a clear message to the zealots, radicals, and extremists trying to shut down your industry and to make America subservient to foreign producers.  That won’t happen to this nation again."

 

– President Donald J. Trump

Big surprise, alarmists may have jumped the gun.


Wall Street Journal (7/27/20) column: "You won’t hear this from the professional climate alarmists, but an important study on global demographics has good news for the future of greenhouse emissions. For some time, demographers have been scaling back forecasts of future population growth, but they may not have gone far enough. A new University of Washington study published in the Lancet argues that conventional population statistics don’t account for ongoing and projected future improvements in health care and education for women around the world. More literacy and better access to information about contraception are, along with urbanization, associated with declining fertility rates as women gain better control of their reproductive lives. Looking at the impact of these forces, the study predicts some startling changes over the course of the century. Instead of the global population reaching between 9.4 billion and 12.7 billion by 2100 (as estimated in the 2019 United Nations World Population Prospects report), the new study suggests it will peak at 9.7 billion in 2064 and then decrease to about 8.8 billion by 2100. If the U.N.’s Sustainable Development Goals for education and contraceptive use are met in full, the researchers estimate that population could be as low as 6.29 billion in 2100. That would be 33% lower than the lowest current U.N. projection, and around 1.5 billion fewer than the Earth’s population today."

Massive government action makes for odd bedfellows.


Washington Examiner (7/30/20) reports: "The fate of a clean energy transmission line lies in the hands of Mainers this fall in a ballot battle so fierce it’s broken political spending records in the state. The battle lines over the project, a roughly 150-mile transmission line that will carry Canadian hydropower through Maine to Massachusetts, aren’t traditional. The fight has put Texas-based natural gas companies on the same side as many local environmentalists, staunchly opposed to the project but for different reasons. Current and former Maine state lawmakers from both sides of the aisle have criticized the project, whereas Democratic Gov. Janet Mills and former GOP Gov. Paul LePage, who rarely see eye-to-eye, have both supported it. At a high level, the fight shows how challenging it could be to build clean energy transmission lines across the United States, which energy experts say will be critical to decarbonizing the power grid."

State mandates have real consequences for consumers who depended on reliable power.


Utility Dive (7/30/20) reports: "New Mexico regulators on Wednesday unanimously approved a plan to add renewable energy and storage to replace a portion of the San Juan Generating Station's capacity owned by Public Service Company of New Mexico (PNM). The portfolio includes 650 MW of new solar resources and 300 MW of battery storage, totaling over $1 billion in investments within the districts impacted by the San Juan plant closure. PNM, the state's largest utility and majority owner of the San Juan plant, had recommended a 'hybrid' replacement scenario that would have allowed the utility to add 280 MW of gas-fired power alongside wind, solar and battery storage to replace its 497 MW retail share of the plant. Regulators' decision to choose the all-renewables portfolio was 'basically unavoidable,' Public Regulation Commissioner Cynthia Hall told Utility Dive. A 100% renewables portfolio was the only replacement option that fully satisfied the state's Energy Transition Act (ETA), passed last year, which requires the state to make an economically just transition to 100% carbon-free energy by 2045, she said." 

If you oppose a carbon tax, please contact us and take a stand.

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: ↑ $40.44
Natural Gas: ↑ $1.85
Gasoline: ↓ $2.18
Diesel: ~ $2.43
Heating Oil: ↑ $122.15
Brent Crude Oil: ↑ $43.36
US Rig Count: ↑ 283

 
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