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MORNING ENERGY NEWS  |  9.12.2019
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You drum up the swamp creatures.


The Hill (9/10/19) reports: "House Natural Resources Committee Chairman Raúl Grijalva (D-Ariz.) on Tuesday said he’s considering using subpoena power to force the Interior Department to turn over documents outlining the agency’s plans to relocate the Bureau of Land Management (BLM). Grijalva told reporters he was disappointed to not get more details from acting BLM Director William Pendley during a hearing earlier Tuesday to examine the relocation...Interior announced in July it would move 300 D.C.-based employees west to various offices, leaving just 61 people in Washington."

"Ethanol has become the epitome of the Washington 'swamp,' with various interest groups vying for political influence and concessions. Some level of ethanol would likely still be blended into gasoline even without the RFS mandate because it raises octane levels. But that’s something consumers and manufacturers, not politicians, should decide."

 

– Merrill Matthews,
Institute for Policy Innovation

Rest in Peace, T. Boone.


Wall Street Journal (9/11/19) reports: "T. Boone Pickens Jr., an oilman and pioneer in hostile takeovers, has died. He was 91 years old, and died of natural causes at home, a spokesman said. As the longtime chief executive of Mesa Petroleum Corp., an independent oil and natural-gas company he founded, Mr. Pickens’ folksiness, advocacy for shareholder rights and populist vilification of 'Big Oil' helped turn him into one of the most recognizable executives in the U.S. for decades. Born in Holdenville, Okla., Mr. Pickens was a trained geologist who went to work for Phillips Petroleum after graduating from college. Two years later, he struck out on his own, forming what was later renamed Mesa. He was little known outside of energy circles until 1968, when he made the first of a string of unsolicited bids for much-larger oil companies. He later claimed the idea for a hostile takeover came to him in the shower, after a friendly overture was turned down."

When this guy is pumping the breaks on climate doomsaying, you know they've gone too far.


The Epoch Times (9/10/19) reports: "The head of the world’s foremost weather science organization issued a surprise rebuke to climate alarmists in remarks published on Sept. 6, marking what may be, according to some experts, one of the most significant developments in the climate debate in decades. Petteri Taalas, the secretary-general of the World Meteorological Organization (WMO), told the Talouselämä magazine in Finland that he disagrees with doomsday climate extremists who call for radical action to prevent a purported apocalypse...'The latest idea is that children are a negative thing. I am worried for young mothers, who are already under much pressure. This will only add to their burden.' According to Myron Ebell, the chair of the Cooler Heads Coalition—an organization that challenges climate alarmism—Taalas’s remarks are significant because he heads the WMO. The WMO is one of the two organizations that founded the Intergovernmental Panel on Climate Change in 1988. Since being formed, the IPCC has become the leading institution worldwide to promote the theory that human activity contributes to global warming."

Remember that time the keynote speaker of the "Clean Car Promise" pulled up in a tricked out Escalade? That was awesome.


Power The Future (9/10/19) blog: "New Mexico Governor Michelle Lujan Grisham will be quick to tell you how much she loves electric cars because they’re so good for the environment. However, don’t ask her to live by the standards she expects for all New Mexicans. According to a review by Power The Future, Governor Lujan Grisham traveled an estimated 6,000 miles by car and took 15 flights across the country from May through July while utilizing fossil fuel-based transportation. This despite her promise to 'promote the purchase and use of electric vehicles in our state, in order to help make it a center of that growing industry.' Among the Governor’s fossil fuel powered trips during the three-month span: driving to Vail, Colorado to discuss electric vehicles, flying to Salt Lake City to sign on to the 'Clean Car Promise,' and driving over 1,500 miles just between Santa Fe and Albuquerque including a trip to meet Tom Hanks. To be clear, there is nothing wrong with driving a large SUV. However, if you’re going to lecture others on the virtue of green driving, you want to get a little more street cred."

Environmental imperialism on full display. 


E&E News (9/11/19) reports: "House and Senate Democrats are urging a federal lending agency to oppose financing for a pair of fracking projects in Argentina. In letters to the board of directors of the Overseas Private Investment Corp. (OPIC), Democrats called for the rejection of $450 million in financing for the projects in the Vaca Muerta formation in the Patagonia region. 'These projects have serious environmental implications,' wrote seven Democratic senators to the board ahead of today's meeting to approve the financing. 'Argentina's Vaca Muerta basin contains some of the world's largest shale deposits, and these projects would result in significant carbon emissions if brought to full capacity.' Signatories to the letter include three Democrats running for president: Bernie Sanders of Vermont, Kamala Harris of California and Cory Booker of New Jersey." 

Energy Markets

 
WTI Crude Oil: ↓ $55.41
Natural Gas: ↓ $2.52
Gasoline: ↑ $2.57
Diesel: ↑ $2.92
Heating Oil: ↓ $188.69
Brent Crude Oil: ↓ $60.26
US Rig Count: ↓ 921

 
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