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MORNING ENERGY NEWS | 7.10.2019
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** Which is why we need to vote on the Green New Deal ASAP. Or not...
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Fox News ([link removed]) (7/9/19) reports: "Sen. Bernie Sanders, I-Vt., on Tuesday compared the push to combat climate change to the response to the attack on Pearl Harbor as he unveiled legislation that would declare a 'climate emergency' and demand a massive-scale mobilization to tackle it. 'In some ways...I’m reminded today in terms of the crisis that we face in climate change about where the United States was in 1941 when it was attacked at Pearl Harbor, and what happened at that point, having to fight a war on two fronts in the East and in Europe, the United States came together and within three years it had created the type of armaments program that was necessary to, in fact, win the war,' he said in a conference call with reporters....The latest declaration comes after Ocasio-Cortez’s signature Green New Deal, a sweeping Democratic proposal for dealing with
climate change, failed a test vote in the U.S. Senate in March, with 42 Democrats and Sanders voting 'present.'"


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"It is hard not to conclude that the only and ultimate goal of a carbon tax is really to raise revenue, with the direct consequences to grow the size of government and shrink the size of the economy."
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– ([link removed]) V ([link removed]) eronique de Rugy, American Institute for Economic Research ([link removed])

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Can you remember a time the world wasn't on the precipice of the apocalypse?

** Daily Signal ([link removed])
(7/8/19) column: "In the 1970s, Americans were told we were in a global cooling crisis and if something wasn’t done, we’d enter a new ice age. When that didn’t happen, a few decades later we were told that entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend was not reversed by the year 2000. Despite the consistent failure of these apocalyptic warnings, that hasn’t stopped climate change alarmism. We’re now being told we only have 12 years to combat climate change, and the solution is to fundamentally dismantle the system of free enterprise. That means Washington controls things like how we produce our energy, what food we eat, and what type of cars we drive."

'Conservatives' confused about what taking a position on carbon taxes means should remember what happened to Carlos "Carbon Tax" Curbelo.

** National Review ([link removed])
(7/8/19) column: "Various news reports and self-serving political pronouncements would have us believe that imposition of a tax on 'carbon' — emissions of greenhouse gases (GHG) — now enjoys growing support among Republican policymakers and conservative observers, a political premise advertised at a decibel level vastly higher than actual political reality would support. That reality is straightforward: Any policy to reduce GHG emissions by definition must increase energy costs, and policymakers endorsing such policies would have to describe the benefits that supposedly would redound to the electorate...Once conservatives have endorsed a carbon tax, they will have no principled answer to the endless pressures for more government intervention. Conservatives cannot defeat climate alarmism and the fundamental threat to freedom that it represents unless we defend first principles. In the context of climate policy, watchful waiting and adaptation over time are the only sensible approaches
consistent with them."

A big thank you to all the producers of propane and propane accessories.

** Wall Street Journal ([link removed])
(7/9/19) reports: "Crude-oil and natural-gas prices have had bad years, but neither can hold a candle to propane, which has lost roughly half of its value over the past 12 months. Propane production in the U.S., particularly in Texas, has surged while domestic demand has been relatively flat and export terminals are overwhelmed...The price decline has been felt by producers, such as Range Resources Corp. and Antero Resources Corp., and enjoyed by chemical manufacturers that use it as a feedstock. If the trend holds, households that are heated with propane and farmers who use it to dry crops could receive lower bills when they fill their tanks this autumn."
** ([link removed])

"We should invest more in solar, like China..."

** E&E News ([link removed])
(7/9/19) reports: "Air pollution alone has dimmed China's skies by 13% during the course of its industrialization, according to new research. That has made one of the country's key strategies to address climate change — solar photovoltaic power — much less efficient and effective. Lowering China's emissions would not only mitigate global warming and improve public health, but also boost solar power generation by substantial leaps, according to a study led by the Institute for Atmospheric and Climate Science in Zurich."

If it moves, tax it...

** Washington Post ([link removed])
(7/9/19) reports: "With a new tax announced Tuesday, France became the latest European country to take direct aim at one source of man-made carbon dioxide emissions: air travel. Transport Minister Élisabeth Borne said a news conference that an 'ecotax' on flights departing from France would be introduced next year...Industry groups have argued that air travel accounts for just 2 percent of man-made carbon dioxide emissions and say that taxes are not an effective solution to the problem. However, activists say the falling cost of air travel and the slow pace of technological advances indicate the problems caused by climate change are likely to worsen unless major changes are made."

Energy Markets


WTI Crude Oil: ↑ $59.06
Natural Gas: ↑ $2.43
Gasoline: ↑ $2.75

Diesel: ↓ $3.00
Heating Oil: ↑ $195.25
Brent Crude Oil: ↑ $65.49
** US Rig Count ([link removed])
: ↓ 990



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