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MORNING ENERGY NEWS | 09/02/2020
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** The political party crying about inequality would enthusiastically discriminate against federal land states, slashing revenues for their state, county, and tribal governments, and harming those on low and fixed incomes. But at least their leader has a nice hairdo.

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Real Clear Energy ([link removed]) (8/30/20) opinion: "And we will continue to argue for policies that aid in our nation’s ability to keep energy abundant and decrease our dependence on countries with less robust environmental safeguards. For this reason, we reluctantly offer our strong opposition to the Democratic Party’s recently announced policy position that would eliminate future energy development on federal lands. Any policy which restricts U.S. energy supplies is anti-family, and will increase the already smothering financial pressure on those living on low or fixed incomes, or even worse, without incomes as a result of the pandemic. Energy produced on federal lands in western states generates revenue for state, county and tribal governments that fund essential government services such as healthcare, education and infrastructure. In CEA’s
view, the platform as currently written includes unrealistic cost and job-creation assumptions, and fails to recognize the critical role that a robust and expansive energy policy must play in helping the U.S. recover from the COVID-19 crisis...One of COVID-19’s greatest – and perhaps least obvious – lessons is that the U.S. needs more energy, not less."
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** "We risk a repeat of past experiences if we refuse to develop the energy infrastructure needed to unlock our full energy potential. The Trump Administration is committed to expanding pipeline development that will unleash our abundant domestic energy sources while providing choice, affordability, and reliability to consumers."
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– Dan Brouillette, United States Secretary of Energy ([link removed])

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You can't go green without embracing the red.

** Fox News ([link removed])
(8/24/20) reports: "A windmill project near Laughlin Air Force Base in Del Rio has many concerned because the owner is a Chinese company. Fox San Antonio investigates why some fear that company could tap into the U.S. Government. Its 130,000 acres, the size of Tulsa, Oklahoma, bought legally for wind energy.. so what's wrong with that? Well, according to the congressman whose district includes Laughlin Air Force Base in Del Rio, the question is: should a company that has connections to the ruling Communist Party in China, have the ability to connect to our grid and be so close to the air force base that trains so many? Laughlin Air Force Base... since the 1950's, more than 21,000 silver wings have been pinned on pilots trained here. American and allied nations invited to learn to fly, but now an uninvited neighbor has bought land by the base that has many worried about the security of the U.S. power grid and the security of United States secrets. 'The question about, should a company that
has connections to the ruling Communist Party in China have the ability to connect to our grid?' said Congressman Will Hurd."

If you like COVID-19, you'll love the Green New Deal.

** Wall Street Journal ([link removed])
(9/1/20) reports: "A swift recovery in fuel consumption by U.S. drivers is petering out, posing new challenges to the oil market, economy and global energy industry. After demand for gasoline surged from mid-April to late June, consumption has stayed relatively flat in the past two months and remains well below its prepandemic levels, government data show. The fizzling rebound highlights the lingering effects of coronavirus precautions and travel restrictions. Even as some states advance business-reopening plans, rising cases in other parts of the country are fueling caution among consumers. Many companies have delayed plans to reopen offices, while many school districts and colleges around the country are opening with hybrid or remote instruction, taking a bigger bite out of fuel demand. Combined with other data points showing that improvements in consumer spending and hiring are cooling, the slower increase in fuel demand illustrates that the next phase of the economic recovery could be
more difficult."

Glad to see the obstructionists in California don't have anything more pressing to take care of in their own back yard.

** CNN ([link removed])
(9/1/20) reports: "Late last week, the state of California hit an absolutely remarkable milestone: It filed its 100th lawsuit against President Donald Trump and his administration. Yes, you read that right: 100 lawsuits. (By way of comparison, Texas sued the Obama administration 48 times during his two full terms.)...And California's litigation against the Trump administration has actually picked up speed as his first term has progressed. As of May 14, 2019, California hit the 50 lawsuit mark -- meaning Becerra has filed another 50 lawsuits over just the last 475(ish) days. As you might imagine given the sheer number of suits, their contents run the gamut from immigration to the census to gun control to, yes, the US Postal Service. More than half of the lawsuits, according to the LA Times, deal with environmental policies put in place (or removed) by the Trump administration. This is far from a one-way street. Trump, throughout his presidency, has cast California as the nightmare scenario
of what happens to Americans when liberals are given free rein in government."

Energy Markets


WTI Crude Oil: ↓ $42.54
Natural Gas: ↓ $2.47
Gasoline: ~ $2.23

Diesel: ~ $2.42
Heating Oil: ↓ $122.89
Brent Crude Oil: ↓ $45.47
** US Rig Count ([link removed])
: ↓ 276



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