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MORNING ENERGY NEWS  |  11/06/2020
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Affordable American Energy wins the day...


Washington Examiner (10/1/20) reports: "Republicans shrunk the size of Democrats' control of the House in part with wins in key races in which energy-related issues were prominent. Here's a recap of House election results with implications for energy policy. Oklahoma’s 5th District: GOP state Sen. Stephanie Bice unseated freshman Democrat Rep. Kendra Horn in a heavy oil-producing district...South Carolina’s 1st District: Republican Nancy Mace beat incumbent Democratic Rep. Joe Cunningham after he scored an upset in 2018...Michigan’s 6th District: Longtime Republican incumbent Rep. Fred Upton held off young liberal challenger Jon Hoadley in a purple district of southwest Michigan...New Mexico’s 2nd District: Republican Yvette Herrell defeated incumbent Democratic Rep. Xochitl Torres Small in a rematch election after losing the southern House district when the two faced off in 2018...Texas's 7th District: Democratic Rep. Lizzie Fletcher proved an exception to the trend, winning reelection in one of the most oil- and gas-dependent districts."



"Leftists may scowl, but freedom-loving Americans should celebrate November 4 as Energy Independence Day."

 

– Hayden Ludwig, Capital Research Center

Green on the outside, red on the inside.


Capital Research Center (10/30/20) column: "Several well-funded, environmental advocacy groups lobbied and advised the Obama administration on joining the Paris Climate Agreement without disclosing their close ties to the communist government in Beijing. The agreement would have constrained and restricted U.S. energy use—and the American military and economy—leaving China largely unfettered to pursue its geopolitical ambitions. What happens next depends partly on what happens in the courtroom. In September, the U.S. District Court for the District of Columbia denied a motion for preliminary injunction from Government Accountability and Oversight 'to compel the State Department to release three Obama-era records relating to the Paris climate agreement in time for the voters to assess the propriety of the Obama/Biden backdoor ‘pen and phone’ means of purportedly ratifying Paris.'...In addition, the Trump administration’s reforms of the NEPA Act could potentially streamline the permitting process for building projects and close off avenues for incessant green litigation."

Look, Joe, here's the deal:  These are the Americans capable of building back better.


Reuters (10/1/20) reports: "U.S. frackers are bringing back equipment even as oil prices languish around $40 a barrel in a bid to boost production and tap into a backlog of drilled wells left uncompleted (DUCs) when oil prices crashed earlier this year. The number of active hydraulic fracturing fleets has climbed by nearly 50% since mid-September to 127, according to data from consultancy Primary Vision, outpacing a roughly 17% jump in the number of active drilling rigs over that same period of time. That count stands at 296. U.S. oil prices were trading around $38.53 a barrel on Thursday CLc1, below profitable levels in some U.S. producing basins. Still, hydraulic fracturing equipment is headed back to the field, as oil companies are trying to deal with the swift rate at which shale well production falls. U.S. shale production is expected to fall to 7.7 million barrels per day in November, down from 9.2 million bpd in February, before prices crashed, according to the U.S. Energy Information Administration." 

If you oppose a carbon tax, take a stand and contact us.
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: ↓ $38.06
Natural Gas: ↓ $2.93
Gasoline: ~ $2.11
Diesel: ~ $2.36
Heating Oil: ↓ $115.42
Brent Crude Oil: ↓ $40.27
US Rig Count: ↑ 360

 
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