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MORNING ENERGY NEWS | 10/16/2020
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** 'I will *tax* your friends and family to remind you of my love.' -Gov. Wolf
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Washington Examiner ([link removed]) (10/16/20) reports: "Pennsylvania state lawmakers in both parties have a message for Democratic Gov. Tom Wolf, and it goes something like this: No taxation without representation! That message came through loud and clear in September when the General Assembly passed legislation that would prohibit the governor from joining a multi-state climate change agreement without legislative approval. The Senate vote was just one vote shy of a veto-proof majority with five Democrats joining with Republicans to support the bill. On the House side, seven Democrats served as co-sponsors of the bill, which passed by a wide margin in July. Wolf, taking inspiration from King George III, nevertheless has decided to bypass the General Assembly with a regulatory package that ignores scientific findings and economic realities. Tom Pyle is president of the Institute for Energy
Research, a Washington-based group that favors free market policies. He questions the entire premise of the Wolf plan and rejects calls for government intervention. For starters, he points out Pennsylvania has already reduced carbon dioxide emissions by switching over to natural gas. Pyle cites figures that show how low natural gas prices have led to more natural gas generating capacity that has helped to reduce carbon emissions by 33% in Pennsylvania."
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** "As California burns, Governor Gavin Newsom fiddles – with California’s climate change goals...But pronouncing distant goals does nothing to reduce the risk of devastating wildfires over the next decade and beyond."
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–Dan Kolkey, Pacific Research Institute ([link removed])

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That’s not how everybody sees it, Mr. Chairman.

** ([link removed])

Is it more troubling to think that Biden considers energy producers stupid enough to fall for this flip-flopping, or that he earnestly forgets his stated policy goals?

** Forbes ([link removed])
(10/12/20) column: "No one creates confusion like Joe Biden has managed to do over the subject of hydraulic fracturing, or 'fracking.' Beginning when he announced his candidacy in April, 2019, the former Vice President spent the first year of his campaign promising variously to ban fracking outright, to ban it on federal lands, to phase it out over time, and even to end the use of all oil and natural gas entirely. Those promises and others are not in honest question – most were made in nationally-televised debates or in televised campaign rallies, and were captured on video. They’re real, and they aren’t going away no matter how hard Mr. Biden and his running mate, California Sen. Kamala Harris, attempt to walk them back. That is what both have been doing over the past couple of months as it has become increasingly obvious that Pennsylvania, which sits atop the massive Marcellus Shale natural gas resource, will be one of a small handful of key swing states in the election... 'In the
election, Donald Trump has been crystal clear on his viewpoint about fossil fuels; with Biden, it’s very confusing and disconcerting,' Schneiderman told me when we chatted last week. 'If you’re going to take a position as a candidate on something so important to so many people, I think you need to be clear. I don’t think you can sit in Pittsburgh, right on the cusp of the Marcellus and the Utica, and say "I never said that we’re going to ban fracking." You can’t take a position because it’s favorable to Pennsylvania and Ohio that is opposite of the position you took just a few days ago.'"

Why don't they just pass a law?

** E&E News ([link removed])
(10/16/20) reports: "Electric truck fleets seem to be on express delivery these days. In June, California set an aggressive new rule to require them. Last month, Walmart Inc. said its fleet will be all-electric by 2040, and just last week, Amazon.com Inc. unveiled designs for a delivery van it wants to deploy by the tens of thousands...If going electric is difficult for Amazon, UPS and FedEx, with their vast resources, it is far harder for the smaller operators that make up most of the nation's trucks...Beyond those are vast numbers of small 'independents.' These make up much of the U.S. fleet, and experts say that no viable path to electric trucks exists for them. José Holguin-Veras thinks a lot about these scrappy little outfits as the head of the sustainable-freight group at Rensselaer. He thinks their operations, ones with fewer than five trucks, might comprise 80% of the truck market. No one knows for sure because the U.S. government long ago stopped counting. 'They are basically
one-man or husband-and-wife operations,' he said...'Are you going to consider buying an electric truck?' Holguin-Veras said. 'Hell, no.'"

The real catastrophe is that U.S. tax dollars are still propping up these alarmists.

** Reason ([link removed])
(10/14/20) reports: "'We are turning our only home into an uninhabitable hell for millions of people,' assert the authors of 'Human Cost of Disasters 2000-2019,' a new report issued on behalf of the United Nations (U.N.) Office of Disaster Risk Reduction. 'This report focuses primarily on the staggering rise in climate-related disasters over the last twenty years,' the authors add. The report is based on data collected in the Emergency Events Database (EM-DAT) curated by the Centre for Research on the Epidemiology of Disasters located at the Catholic University of Louvain in Belgium....The upshot is that humanity is losing more houses and infrastructure to bad weather largely because a richer and more populous world has put much more property in harm's way. Once you adjust for that, the proportion of assets damaged by storms and floods possibly amplified by climate change is not yet appreciably increasing. Even better news is that as a result of rising wealth and improving technologies,
fewer people over the past decades are dying from weather disasters. Pielke is right when he concludes, 'Overall, improved adaptive capacity and declining vulnerability suggest optimism for our collective ability to respond to a changing and uncertain climate future.' Perhaps the world will not become an uninhabitable hell after all."

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([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: ↓ $40.42
Natural Gas: ↑ $2.81
Gasoline: ~ $2.17

Diesel: ~ $2.38
Heating Oil: ↓ $117.17
Brent Crude Oil: ↓ $42.54
** US Rig Count ([link removed])
: ↑ 323



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