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MORNING ENERGY NEWS  |  08/27/2020
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Hurricanes are terrible and we hope that those impacted by Laura heal and recover. But let's stop calling this the 'new' normal. It's just normal.


Climate Depot (8/27/20) blog: "As I write this, it looks like major Hurricane Laura will arrive on the Louisiana coast late tonight as a Category 4 hurricane somewhere south of Lake Charles. There will be the inevitable fake news coverage claiming how U.S. landfalling hurricanes are getting worse...Of course, hurricane damage has increased, as people flock to the nation’s coasts and associated infrastructure increases. But we should remember that (for example) Miami only had 444 residents when incorporated in 1896, and now the Miami metroplex has over 6,000,000 inhabitants. So, yes, storm damage will increase, but not because the weather has gotten worse...If we examine all of the hurricanes affecting Louisiana in the last 170 years in the National Hurricane Center’s HURDAT database we find that there has been no long-term increase in either the number of hurricanes or their intensity since 1851."

"Under Biden’s climate plan, either America will have to introduce rampant and environmentally devastating rare earth mining here in our country, or, we will deliberately make ourselves almost completely dependent on China for the materials needed to build and maintain our energy infrastructure. "

 

– James Taylor, Heartland Institute

How many trees did they chop down for this?


Duke Today (8/224/20) reports: "Duke University’s ambitious effort to become carbon neutral by 2024 will add an expanded solar energy component through a partnership with an Asheville, North Carolina-based solar developer.The university will bolster its renewable energy capabilities through the purchase of 101 megawatts of solar capacity from three new solar facilities planned for North Carolina starting as early as next year. The university will partner with Pine Gate Renewables to build the new solar farms, which are expected to be online by 2022. It is the largest such initiative in North Carolina under Duke Energy’s Green Source Advantage program. Compared to a 2007 baseline, the addition of this solar energy, when combined with existing and planned efforts, is projected to result in a 69% reduction in the university’s carbon emissions by 2022 and a 73% reduction in carbon emissions by 2024. The partnership with Pine Gate is expected to generate 235,000-240,000 megawatt-hours (MWh) of energy each year, or about 50% of Duke’s annual electricity needs."

You can't go green without embracing Red China...

Mammas don't let your babies grow up to be NIMBYs.


Houston Chronicle (8/25/20) column: "The spirit of the 1960s has been revived this year in the Texas Hill Country, with cultural icons Paul Simon and Willie Nelson voicing opposition to the Permian Highway Pipeline. But while the songwriters once spoke truth to power and embodied a young generation, they now place themselves squarely on the side of the incumbents. Paul Simon is no longer a poor boy whose story’s seldom told; today he’s a powerful landowner whose fame gives him influence. Nelson, though he surely still thinks himself a rebel, now embodies the establishment. As Simon and Nelson bask away their golden years in resplendent Hill Country estates, they intend to deny economic advancement to others, lest their cherished vistas be spoiled by the laying of new energy infrastructure...Simon and Nelson’s protest, at root, is NIMBYism — that is, the mindset that says develop all you want, just not in my backyard. NIMBYs think they’re entitled to a certain kind of preservation, one that permits them to build their mansions and enjoy the environs, but denies the same respect to others with designs of their own." 

Energy Markets

 
WTI Crude Oil: ↓ $43.21
Natural Gas: ↑ $2.52
Gasoline: ↑ $2.22
Diesel: ↑ $2.42
Heating Oil: ↓ $122.22
Brent Crude Oil: ↓ $45.44
US Rig Count: ↑ 275

 
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