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MORNING ENERGY NEWS  |  08/12/2020
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Dems doubling down on destroying the economy during the pandemic.


Washington Examiner (9/4/19) reports: "Presidential candidate Kamala Harris said Wednesday that she supports banning the technique of fracking for natural gas to combat climate change. 'There is no question I am in favor of banning fracking' Harris said during an all-night CNN town hall event focused on climate change. Harris suggested she would start by taking executive action on 'day one' to ban fracking on public lands and then move to have Congress pass legislation to extend the prohibition to private lands. Harris' formal climate plan, published earlier Wednesday, does not explicitly call for Congress to ban fracking, as fellow candidate Sen. Bernie Sanders has promised."

But of course, she won't stop at just banning affordable energy. The entire economy must be reworked in their green image.


The Atlantic (6/27/19) reports: "A number of Democratic primary candidates have proclaimed their support for the Green New Deal or something like it. But the first person to actually endorse it on the debate stage either Wednesday or Thursday night was Senator Kamala Harris of California. (Former Governor John Hickenlooper was the first to mention the idea, saying that he 'admired the sense of urgency' but that 'we can’t promise every American a government job.') Asked by Chuck Todd to describe her climate-change plan, Harris replied briskly and corrected his terms: The rapid warming of the planet should be called the 'climate crisis' because 'it’s an existential threat to us as a species.' She mentioned visiting the site of last year’s wildfires in California 'while the embers were smoldering.' 'That’s why I support a Green New Deal,' she said. 'It’s why on day one as president, I will reenter us into the Paris Agreement.'"

The real strategic value in the pic seems to be winning over the vital swing state...California.


E&E News (8/1/20) reports: "Presumptive Democratic presidential nominee Joe Biden's vice presidential choice of Sen. Kamala Harris — who has vowed to take the fossil fuel industry to court over climate change and grounded her own run for the presidency on environmental justice — put energy squarely at the center of the presidential election yesterday. Harris, one of the first senators to back the sweeping Green New Deal, quickly found her energy record under assault from President Trump, who criticized the California Democrat from the lectern at the White House...'Joe Biden has chosen a running mate who is even less connected to working-class Americans and whose energy platform is even more out of touch than his own,' said Thomas Pyle, who led Trump's Department of Energy transition and is president of the American Energy Alliance. 'Now that his VP choice has been made, it is abundantly clear which ticket is looking out for working-class Americans and which ticket would prefer to outsource America's energy security to China.'"

"As fracked gas companies flounder in the past, we will continue to innovate and move forward, to embrace life and earth-preserving energy conservation and generation like solar and wind. Our very future depends on it. "

 

– Emily Persico, Penn Future

If at least one good thing comes of this pandemic it will be the mass realization government getting out of the way gets results.


Fox News (8/11/20) reports: "It may have taken a crisis, but Americans are finding that sometimes less is more when it comes to federal regulations.     To better cope with COVID-19’s impacts, the White House suspended or relaxed hundreds of regulations. For example, rules have been eased to increase ventilator production, permit expedited distribution of newly developed tests and expand the use of telehealth services. Regulations are much like medicine in that they can be beneficial or toxic, depending on the dosage. In the case of the COVID-19 emergency, the government red tape was so burdensome that it was getting in the way of the ability to respond quickly and innovate life-saving solutions.     The pandemic upended Americans’ daily lives as well, and until they were put on hold, regulations were getting in the way of everything from getting married to taking online college courses. While Americans generally hold a favorable view of regulations designed to protect them, it’s now plain to see that too much regulation is getting in the way."

D.C. doesn't know best.


Colorado Politics (8/12/20) reports: "On February 17, 2009, less than one month into their first term, President Obama and Vice President Biden flew to Colorado to sign their $787 billion stimulus package into law.  They moved the signing venue from D.C. to Denver to emphasize the green-jobs provisions of the legislation.  Appropriating the plight of the downtrodden and disadvantaged is an old tradition in D.C.  As vice president, Biden helped spin the Democrats’ stimulus package as a green-jobs creator.  Today, as a candidate, he peppers his multitrillion-dollar climate script with environmental justice.  Same plot.  Same actors.  New title. The sad irony is that instead of a blockbuster hit, the original was a bust. The 2009 stimulus was a failure in the green-jobs department, but it was a great success in shoveling billions to the powerful and well-connected...Economic freedom powered by our growing energy dominance has proven to be the best anti-poverty program ever.  Biden’s plan, with its bizarrely nostalgic echo of programs from the Great Depression, moves the country and its hardworking people in the exact wrong direction." 

Energy Markets

 
WTI Crude Oil: ↑ $42.40
Natural Gas: ↓ $2.10
Gasoline: ~ $2.17
Diesel: ~ $2.42
Heating Oil: ↑ $125.42
Brent Crude Oil: ↑ $45.28
US Rig Count: ↓ 281

 
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