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MORNING ENERGY NEWS | 10/13/2020
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** The time for frivolous climate litigation will soon be at an end.
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Real Clear Energy ([link removed]) (10/12/20) column: "Sometimes the most important Supreme Court decisions are overlooked because of their technical nature. That is the case with the Supreme Court's choice to hear jurisdictional claims in B.P. P.L.C., et al. v. Mayor and City Council of Baltimore. The Court's ruling will either allow cities to pursue superfluous nuisance claims against energy companies in state courts or limit the suits to federal courts that are less prone to accept broad liability claims. These jurisdictional claims are significant because they set the appropriate scope of appellate review for these suits. Lawsuits predicated on federal laws and involving federal officers' actions should be decided at the federal level. By agreeing to hear arguments in the Baltimore case, the Supreme Court is taking a crucial step towards setting a consistent
legal playing field. The Supreme Court will not rule on the merits of Baltimore's claims. Instead, they will decide whether the defendants can appeal a jurisdictional claim after a federal court rejects it. Under existing law, it is clear the defendant can appeal aspects of the decision, but not whether the whole claim is fair game. A ruling in favor of the defendants would force multiple Circuit Courts to reevaluate their previous rulings and rehear jurisdictional claims by the energy companies."

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** "The jury is in: modern economic growth has not shown a single instance of a country successfully developing without the concomitant use of fossil fuels, and ordinary people across the world are fully aware of this."
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– Tilak Doshi, Forbes ([link removed])

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Weird how solar isn't economical on a level playing field.

** Bloomberg ([link removed])
(10/11/20) reports: "Solar manufacturers and installers fell sharply Monday after President Donald Trump moved to eliminate a loophole his administration granted in 2019 that’s helped companies avoid tariffs on double-sided panels. Manufacturer Canadian Solar Inc. dropped as much as 11%, the most in intraday trading in a month. Sunrun Inc., America’s largest residential solar company, also fell as much as 11% and JinkoSolar Holding Co. slipped as much as 9.6%. Solar power’s 'economics just got worse,' Gordon Johnson, an analyst at GLJ Research, said in an interview. 'Demand’s not going to be as strong.' The Trump administration has pushed for a year to revoke the tariff exemption on so-called bifacial panels, but earlier efforts have been stymied. Its latest move, a proclamation issued Saturday, would scrap the exemption within 15 days -- “unless there is a judicial intervention,' said Philip Shen, an analyst at Roth Capital Partners, in a research note."

In the environmental racket, whatever you pay the thugs is never enough.

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Truth telling has never been a strong suit of the communists.

** E&E News ([link removed])
(10/13/20) reports: "China's announcement last month that it aims to become carbon neutral by 2060 set off a flurry of discussion among climate watchers about how it would do that. If the world's largest emitter realizes the goal, it would go a long way in helping keep global temperatures from rising more than 1.5ºC by the end of the century. President Xi Jinping's commitment will require a massive overhaul of China's energy mix, but officials have also indicated that strategies to absorb and capture carbon dioxide will be a significant part of the plan. According to Chai Qimin, a government researcher affiliated with the Ministry of Ecology and Environment, on top of shifting away from fossil fuels and boosting renewable energy, China will also use natural carbon sinks such as vegetation, soil and oceans that absorb more carbon than they release, as well as large-scale carbon capture, utilization and storage...There are also concerns that if China pays too much attention to carbon sinks
it will lose focus of the most urgent and important problem it has to solve — how to reduce the emissions in the first place, said Li Shuo, a climate analyst at Greenpeace East Asia. 'The discussions about absorbing carbon are important and significant, but for a country like China, the world's factory where so much fossil fuels are used, to focus on the absorption is like discussing what kind of houses we are going to build on the Mars before we even figure out how to get to that planet.'"

Energy Markets


WTI Crude Oil: ↑ $40.06
Natural Gas: ↓ $2.83
Gasoline: ~ $2.18

Diesel: ~ $2.38
Heating Oil: ↑ $116.64
Brent Crude Oil: ↑ $42.27
** US Rig Count ([link removed])
: ↑ 320



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