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MORNING ENERGY NEWS  |  9.11.2019
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We will never forget.



"Overselling the possible effect of man-made climate change on hurricane impacts not only risks eroding scientific credibility, but also distracts from addressing our vulnerability to the storms themselves."

 

– Judith Curry, Climate Forecast Applications Network

Because bureaucrats can do a better job of managing the grid then the private sector, according to King Cuomo and the mayor of Iowa...


E&E News (9/10/19) reports: "U.S. prosecutors announced corruption charges today against the Federal Emergency Management Agency official in charge of restoring electricity in Puerto Rico after Hurricane Maria destroyed much of the island in 2017. Ahsha Tribble, a FEMA deputy regional administrator, was arrested and charged with accepting personal helicopter rides, hotel rooms, airline tickets and a credit card from the company hired to rebuild much of Puerto Rico's devastated power grid, federal prosecutors in Puerto Rico announced today. In exchange, Tribble pressured FEMA officials and the Puerto Rico Electric Power Authority to steer work to the company, Cobra Acquisitions LLC, and accelerate payments, according to prosecutors. Tribble and former Cobra President Donald Ellison are charged in a 15-count indictment with conspiracy to commit bribery and fraud."

As GM, Tesla, and the Dems put on a full court press to extend the EV subsidy, it is worth dusting this article off to remind people what it's all for...


Curbed (10/24/18) reports: "'There is a persistent belief, among both state officials and the public, that clean cars and clean fuels alone can achieve California’s climate goals, but this is fundamentally untrue,' he says. 'Even if we have 100 percent zero-emission vehicles and 75 percent renewable energy production by 2050—both ambitious goals—we still need a 15 percent reduction of VMT beyond what current regional plans project to achieve.' Plus EVs are not a public health panacea. 'EVs don’t relieve congestion, and the dust from brakes and tires are a major source of particulate matter air pollution, which causes respiratory illness,' says Bryn Lindblad, associate director of Climate Resolve. 'That last fact doesn’t really seem to be on people’s radar as they look to EVs to be the solution.'"

Can't argue with that.


The Hill (9/9/19) reports: "President Trump quipped at a Monday evening rally that his administration’s rollback of energy efficiency standards for lightbulbs was due to the fact that he looked better under less efficient bulbs. 'I'm not a vain person. ... But I look better under an incandescent light than these crazy lights that are beaming down,' Trump told a crowd in Fayetteville, N.C., on Monday. The administration finalized the reversal of Obama-era efficiency standards last week, rolling back the rules for about half of lightbulbs. Critics of the move say it will hasten climate change by requiring the U.S. to produce more energy to power the less efficient bulbs."

It is no secret that the climate change evangelists are simply OK with this outcome.


FEE (9/9/19) opinion: "Young people are often heralded for their good intentions and their love of social causes. What we’re less experienced with, like all humans, is multiple-stage planning—the kind of forethought it takes to anticipate not just what to do, but the unintended consequences of doing it. The issues we’re most passionate about—or afraid of—are the hardest to see clearly. For example, Rep. Alexandria Ocasio-Cortez (D-NY) was dismissive of those who point out  “the costs” of combating climate change. Her certainty that anticipated problems years down the road necessitate immediate sacrifice ignores the principle of unseen consequences. It feels good to advocate for immediate, sweeping change, but the costs—the trade-offs—of implementing long-term climate plans would be near-term tragedy for millions around the world...Her certainty that anticipated problems years down the road necessitate immediate sacrifice ignores the principle of unseen consequences. It feels good to advocate for immediate, sweeping change, but the costs—the trade-offs—of implementing long-term climate plans would be near-term tragedy for millions around the world." 

Frank Luntz: button man for the corn capos.


CEI (9/6/19) blog: "Pollster Frank Luntz discussed climate policy Thursday night with Laura Ingraham on her Fox News program 'The Ingraham Angle.' Michaels and Ingraham observed that for progressives, climate change is a pretext for confiscating other people’s assets and running their lives. Luntz, who in recent months has been advising Republicans to do something 'measurable and meaningful' about climate change, unveiled a policy initiative he apparently believes has broad bipartisan appeal: boost the production and sale of E-85—motor fuel blended with up to 85 percent ethanol....even if President Trump could order automakers to produce more flex-fuel vehicles (he can’t), most consumers would still shun E-85, for a very simple reason: poor fuel economy...Ethanol has one-third less energy content by volume than gasoline, so a flex-fuel vehicle doesn’t go as far on a gallon of E-85 as it does on a gallon of gasoline...At today’s gasoline and ethanol prices, the typical flex-fuel vehicle owner would have to spend up to $500 more annually to run the vehicle on E-85. "

Captured


E&E News (9/10/19) reports: "The majority of Democratic presidential candidates are proposing electric vehicle targets that would effectively phase out the sale of new gas cars in 10 years — a change that would wipe away analysts' projections for EV growth and transform the energy sector permanently. But is the idea viable? And is it a smart political strategy? The extent of the idea's support become apparent last week, when most 2020 candidates included vehicle targets in plans to address climate change, in the lead-up to a CNN town hall. Of the 10 Democrats who appeared in the town hall, six said they would require all new passenger cars to be zero-emissions by 2030, and a seventh, Sen. Kamala Harris (D-Calif.), set the target date at 2035. Tom Pyle, president of the free-market Institute for Energy Research, said electrifying every passenger car sold, in 10 years, is "an absolute impossibility." About 2% of car sales in the United States are plug-in hybrids or full electrics. "All of this talk about EVs completely ignores consumer preference," he said. "If EVs are so good, why do we subsidize them?" Democrats, he added, were "placating their hard-left base. These guys have all lurched to the left on these issues because the green left has basically captured the party."

Energy Markets

 
WTI Crude Oil: ↑ $58.14
Natural Gas: ↓ $2.54
Gasoline: ↑ $2.56
Diesel: ↑ $2.92
Heating Oil: ↑ $194.80
Brent Crude Oil: ↑ $63.06
US Rig Count: ↓ 930

 
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