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MORNING ENERGY NEWS | 10/02/2020
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** It WAS the best of states, it IS the worst of states.
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Real Clear Energy ([link removed]) (9/29/20) column: "One is often at a loss to explain California to people from other planets—like, say, earth. This is a state that issues mandates for electrification of everything while reducing its generating capacity. It blames devastating fires on climate change, without taking the blame for forestry practices that helped make the seasonal fires much worse. In California, pot is legal, but owning a car with a gas engine, however clean, may soon not be, and climate skeptics of any stripe face opprobrium, consignment to obscurity, and—if they have assets—court dates. To understand how a state could adopt what often seem insane policies, impoverishing its people while claiming the mantle of social justice, you need to consult the state’s unique history. California is just not like other places, and you won’t get anywhere without understanding
that."

[link removed]


** "Many Democrats have spent the last decade promising to rid the nation of these fuels, even relatively clean-burning natural gas. But the reality is that the U.S. economy could not run without fossil fuels, and attempts by central planners to force the nation off of them are bound to inflict severe economic pain on American households."
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– Jonathan Miltimore, Foundation for Economic Education ([link removed])

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Silly energy.

** Houston Chronicle ([link removed])
(10/1/20) reports: "U.S. Rep. Dan Crenshaw on Thursday criticized the emphasis on developing wind and solar energy to combat climate change, saying the people advocating it are being disingenuous and not really looking to reduce emissions. The Houston Republican said instead of promoting ideas to really reduce emissions, advocates are more for a 'religious adherence to solar and wind...He said Germany spent over $500 billion trying to convert to solar and wind, but it led to more emissions and more reliance on them bringing in natural gas from Russia. Crenshaw said solar and wind require plowing down acres and acres of land and a ton of mining for rare minerals for solar panels “just so you can have unreliable energy.”...Crenshaw said advocates of the oil and gas industry have to fight back against popular assumptions about the industry that he says are not true. “The first assumption that has to be debunked is this notion that fossil fuels can never be a part of a clean energy future,”
Crenshaw said. “That’s of course not true. We can always point out the reason that we are at about 1990 levels of carbon emissions is because of the natural gas revolution and the fracking industry.” Crenshaw also said nuclear power is better in many ways than solar and wind. He said nuclear plants take up far less space, and if they are closer to where the energy needs to go, it reduces the lost energy in getting the power onto the grid."

Some doomslaying on a Friday morning, complements of CEI's 2020 Julian Simon Award Winner, Steve Horwitz.

** ([link removed])

Here's a bombshell: Does anybody outside the greens and their cheeleaders in the media believe anything China says?

** Quartz ([link removed])
(9/24/20) reports: "China dropped a climate bombshell Tuesday, when president Xi Jinping announced at the United Nations the country will aim to cut its net carbon footprint to zero by 2060. China is single-handedly responsible for one-quarter of the world’s greenhouse gas emissions, so if it meets this goal—plus an older one of having its emissions peak by 2030—there would be huge ramifications for global warming. A new analysis by Carbon Action Tracker, a nonprofit research group, found that if China succeeds the global temperature in 2100 could be up to 11% lower compared to the current trajectory...One big part of this shift may prove particularly tricky: The country’s fleet of coal-fired power plants is relatively young. In the US, the average age of a coal plant is 39 years, which is pushing the typical lifespan of these facilities. In China it’s just 14, and because of the sheer number that have been built in recent years, newer plants account for the lion’s share of the sector’s
emissions even though they tend to be more individually efficient than their ancestors. Many of these plants will naturally retire before 2060. But in the short term, China is still moving full steam ahead on coal—its post-Covid stimulus spending on fossil fuels is three times larger than its spending on clean energy, including nearly $25 billion on coal power plants and even more on mining and processing."

If you oppose a carbon tax, join our coalition. ** Contact us (mailto:[email protected])
to add your name.

** ([link removed])

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
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
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↓ $36.82
Natural Gas: ↓ $2.48
Gasoline: ~ $2.19

Diesel: ~ $2.39
Heating Oil: ↓ $107.54
Brent Crude Oil: ↓ $38.95
** US Rig Count ([link removed])
: ↑ 317



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