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MORNING ENERGY NEWS  |  08/10/2020
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Obama-connected Bloom Energy gets off easy.


E&E News (8/10/20) reports: "EPA has settled a hazardous waste case with a well-connected California fuel-cell company for about one-fifth of what the agency had been seeking. Bloom Energy Corp. agreed to pay a $210,000 fine in connection with improper disposal of waste from its fuel cells, called Bloom Boxes. EPA had threatened the company with fines of up to $1 million...Bloom spokesman Justin Saia said the company wouldn't comment beyond the filing. It stated the company reached an agreement with EPA 'in order to put this matter behind us and with no admission of law or fact.' The company's board includes former Secretary of State Colin Powell, former General Electric Co. Chairman Jeff Immelt and John Doerr, chairman of the venture capital firm Kleiner Perkins and a board member of the Obama Foundation."

"With millions of Californians living in poverty, a problem that is being made worse by the pandemic, policymakers must work to keep energy affordable. Banning natural gas will only make energy more expensive."

 

– Robert Bryce, Foundation for Research on Equal Opportunity

But the fact that she is a liar who covered up for both Hillary (which cost lives) and Barack (which nearly destroyed a distinguished General’s good name to say the least) is in no way disqualifying.


Politico (8/7/20) reports: "When Susan Rice was under consideration for secretary of state in 2012, she was attacked by environmentalists for holding stock in the controversial Keystone Pipeline XL deal. Now, with the multimillionaire Rice in contention to be Joe Biden’s running mate, that investment is again drawing fire from progressives. They say her extensive past holdings in an array of industries at odds with liberal causes — particularly the Keystone investment — could make her ill-suited to be vice president in a Democratic administration.  'It raises my eyebrows to think the potential vice president of the United States would have financial ties, whether present or historical, that are exactly opposed 180 degrees to the president,' said Julian NoiseCat, a vice president for the advocacy group Data for Progress who formerly worked for the environmentalist group 350.org. He noted that Biden opposes the Keystone project and is campaigning on a $1.7 trillion climate-change plan."

What, only three coalitions?  The Enviros must be slipping.


Reuters (8/6/20) reports: "A third coalition of environmental groups sued the Trump administration in federal court on Thursday over its overhaul of a cornerstone environmental law whose implementation is expected to fast-track infrastructure projects such as oil pipelines and road expansions. The Sierra Club, the Natural Resources Defense Council and seven other groups sued in U.S. District Court for the Southern District of New York over the reform of the National Environmental Policy Act (NEPA), arguing under the Administrative Procedure Act that it will “gut” the environmental statute’s review process and hinder public participation."

A preview of King Cuomo's Green New Deal?


E&E News (8/7/20) reports: "A power outage cast darkness across large swaths of Manhattan early today, as tens of thousands of people in other parts of New York City were still without electricity in the aftermath of Tropical Storm Isaias. A spokesperson for Consolidated Edison said today's blackout started at 5:13 a.m. EDT in Manhattan, the Upper West Side and the Upper East Side and affected about 180,000 customers. The outage lasted about a half-hour, he said. Another 5,000 customers lost power in a separate outage in Queens. The cause of today's outages wasn't immediately known. Crews have been working around the clock to restore power across the city after the tropical storm battered the East Coast earlier this week. More than 60,000 customers in the boroughs of Queens, Staten Island and the Bronx were still without power today, and Con Edison says many of them won't have electricity until Sunday night." 

Energy Markets

 
WTI Crude Oil: ↑ $41.75
Natural Gas: ↓ $2.22
Gasoline: ~ $2.17
Diesel: ~ $2.42
Heating Oil: ↓ $123.39
Brent Crude Oil: ↑ $44.78
US Rig Count: ↑ 284

 
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