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MORNING ENERGY NEWS  |  11/09/2020
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The intellectual and moral collapse of opinion research was widespread and uniform.


Washington Times (11/07/20) analysis: "One of the recurring themes from the left about the election results is that they lost — or didn’t do as well as they had hoped — not because their ideas are terrible, but because about half of all Americans are racists or morons or illiterate or just plain bad people. Whatever else it is, it is certainly a different approach to persuasion. Part of the liberals’ problem is that they were misled by their own pollsters, who told them repeatedly in a variety of ways that most of America agreed with them on most issues. They were so convincing that donors (looking at you, Mike Bloomberg) were persuaded to spend hundreds of millions of dollars on races that were never really close."    



"I see solar becoming the new king of the world’s electricity markets." 

 

– Dr. Fatih Birol, IEA Executive Director

The "energy transition" can't keep the lights on.


Forbes (11/05/20) reports: "An interesting situation has arisen in the United Kingdom, which should draw the attention of all those focused on the “energy transition.” It speaks to the underlying unreliability of renewable energy and, in particular, the current state of green technology. We can learn from Britain’s current struggles that unless or until we drastically improve our alternative energy and electricity storage technology, we are not yet able to engage in a meaning transition. On November 3rd, National Grid, which operates the electrical system in the United Kingdom, issued an “electricity margin notice,” for the afternoon of November 4. What this essentially meant is that the electricity operator was concerned that electricity supplies could become tight, especially at peak hours. Blackouts were not imminent, but the risk was there.


Climate change is a political loser.


Axios (11/09/20) column: "Biden lost badly to Trump in portions of Southwestern Pennsylvania and Southeastern Ohio, at least partly due to his conflicting comments on fracking (and Trump’s attacks on them), according to G. Terry Madonna, director of the Center for Politics and Public Affairs at Franklin and Marshall College in Lancaster, Pa. Republicans beat a couple of Democrats in moderate districts who tried to distance themselves from Biden’s agenda, including Democratic Reps. Kendra Horn of Oklahoma and Xochitl Torres Small of New Mexico. It is possible that perceived hostility to oil and gas hurt Biden and Democrats in places,” Kondik said. “It may have contributed to some House Democratic losses, such as Kendra Horn and Xochitl Torres Small.”"

Wicked smaaht commentary...


Boston Herald (6/11/20) op-ed: "Despite the Democratic Party’s push for progressive environmental policies like the Green New Deal, climate change was not foremost on the minds of most voters this election cycle, according to recent polling from the Associated Press. The polling, performed by NORC at the University of Chicago, shows that just single-digit percentages of voters across multiple states considered climate to be among their top issues. The economy and jobs as well as health care were among the top issues as people cast their ballots. In Michigan, Pennsylvania and North Carolina just 3% of voters ranked climate as important; 5% in New York and Minnesota; and 6% in Massachusetts."
 


Putting Paris before Pittsburgh.
  

Axios (10/1/20) reports: "Biden has said he would immediately rejoin the Paris climate agreement, but that's the easy part. Ultimately meeting his ambitions for the U.S. on the world stage would be much trickier. Where it stands: Biden's domestic climate agenda will almost certainly be limited — at least for the foreseeable future — to what he can pursue using executive powers. The centerpieces of his climate plan — securing $2 trillion in spending over four years and making the electricity grid carbon-free in 15 years — are unlikely to materialize without Democratic control of the Senate.

Watch this. All of it.

Energy Markets

 
WTI Crude Oil: ↑ $41.08
Natural Gas: ↓ $2.89
Gasoline: ~ $2.11
Diesel: ~ $2.36
Heating Oil: ↑ $123.94
Brent Crude Oil: ↑ $43.18
US Rig Count: ↑ 369

 
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