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MORNING ENERGY NEWS  |  9.6.2019
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Womp Womp Womp


The Hill (9/5/19) reports: "CNN averaged 1.1 million viewers from 5 p.m. to midnight, the hours devoted to back-to-back town halls by 10 Democratic contenders. MSNBC finished second with 1.7 million total viewers during the time period, with Fox News winning the time period with an average of 2.5 million. Both channels provided regular programming on Wednesday night...During the 8 p.m.-11 p.m. hours of prime time, Fox News averaged 3.2 million total viewers, placing first. MSNBC was second with a 2.2 million average and CNN third with 1.4 million...CNN hosted the climate change event amid increased attention being devoted to the subject during the Democratic primary."

"As with the proposed changes to Obama-era efficiency standards for automobiles, the Trump administration has taken an approach that empowers consumers by expanding their choices instead of telling them what they are allowed to have."

 

– Ben Lieberman,
Competitive Eneterprise Institute 

Germany's Green New Deal could actually be a good deal...for the Permian! 


Houston Chronicle (8/26/19) reports: "Germany is expected to add four terminals to import liquefied natural gas over the next four years, significantly increasing Europe’s capacity to receive LNG and potentially opening a large market for American natural gas and Gulf Coast exporters...'Germany’s coal exit would lead to an increased import demand of natural gas,' said a spokesperson of the German Federal Ministry for Economic Affairs and Energy. 'Therefore we welcome the expansion of Germany’s gas transport infrastructure and especially the advanced plans for building LNG import terminals.'... Most of those exports came from the Gulf Coast, where the flood of natural gas from the Permian Basin and other U.S. shale plays is driving the rapid expansion of the LNG industry. Joshua Rhodes, a research associate at the Energy Institute at the University of Texas, said Europe could become an increasingly important market for the region’s rapidly growing LNG export industry."

Now which brother was supposed to be a Godfather character? 


New York Post (9/2/19) column: "New York electric rates are among the highest in the nation, but Gov. Andrew Cuomo is intent on making them higher still, not just by pushing renewable energy but by requiring cozy — possibly illegal — arrangements to benefit labor unions. 'The Cuomo administration appears to have violated state law' by forcing developers of state-subsidized offshore wind-power plants to cut costly deals with construction unions, the Empire Center’s Ken Girardin reported last week. Under New York law, a project can’t require such an arrangement — known as a project labor agreement, or PLA — unless officials first 'determine' that it’s in the state’s best interests. That’s because such deals force companies to agree to union rules and pay scales and keep non-union shops from bidding, which jacks up the cost of projects."

Only in California can stupidity be so highly contagious.


KSBY (9/4/19) reports: "San Luis Obispo City Council moves forward with a new policy that would create an easier path towards their goal of reaching carbon neutrality by 2035. The San Luis Obispo City Council wants to lead the charge, transitioning from natural gas to electric power in all new structures. At a meeting Tuesday night, the council voted 4-1 for an ordinance that would require all new structures to be built with electric power. City leaders say they want to update the city building code to require all new residential and non-residential buildings to support only electric with few exceptions. The ordinance says developers will pay an in-lieu fee to install natural gas hookups in the building or they could commit funds to retrofitting a different property within the city from gas to electric." 

Warren showing she's super serious about a carbon-free future.


Washington Examiner (9/4/19) reports: "Elizabeth Warren said Wednesday she would oppose the building of new nuclear plants in America and work to phase out existing nuclear power from the energy mix. 'In my administration, we won't be building new nuclear plants,' Warren said at CNN's climate change town hall. 'We will start weaning ourselves off nuclear and replace it with renewables,' she added, saying that she would aim to do so by 2035. Warren had previously not taken a position on nuclear power in any of her various climate change plans, including a new proposal she issued earlier Wednesday requiring utilities to achieve 100% carbon-neutral power by 2030 and reaching all-renewable electricity generation by 2035. While few Democratic candidates are explicitly cheering on nuclear power, most recognize that it provides more than half of the nation’s zero-carbon electricity."

We prefer to call them King Corn, but we like Lord Corn as well. Either way, they will never be satisfied. 


Wall Street Journal (9/5/19) column: "The damage from President Trump ’s trade war is compounding, and so are the political and policy complications. The President is pondering more sops to the ethanol lobby to placate farmers who are angry about his tariffs. Better to fix trade mistakes than to double the harm by genuflecting to Lord Corn. President Trump on Twitter last week promised a 'giant package' on ethanol. One issue is how much ethanol the government will make refiners blend into the nation’s fuel supply next year, known as the renewable fuel standard. The Environmental Protection Agency has proposed levels, but the ethanol crowd is demanding more corn be added...Ethanol groups want the Administration to force other refiners to blend more gallons to make up for the waivers. But increasing costs for refiners who followed the law could mean more hardship waiver applications in the future. The lobby also wants higher requirements on biodiesel fuels. Irony alert: U.S. biodiesel is insufficient to meet the mandates, so more will be imported from abroad. Does Mr. Trump want to add to the U.S. trade deficit?"

If you oppose a carbon tax, please contact us and take a stand.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Amy Oliver Cooke, Independence Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↓ $55.25
Natural Gas: ↓ $2.41
Gasoline: ↓ $2.57
Diesel: ~ $2.92
Heating Oil: ↓ $185.10
Brent Crude Oil: ↓ $59.75
US Rig Count: ↓ 915

 
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