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MORNING ENERGY NEWS  |  11/20/2020
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Mighty Casey indeed struck out, but this Casey knocked it out of the park.


Reno Gazette-Journal (11/18/20) reports: "A recent opinion column from an environmental organization in Nevada ('Nevada's outdoor recreation under threat by oil leasing,' Oct. 11) criticized the Trump administration’s “energy dominance agenda,” with the usual hyperbole of how we are 'steamrolling ... wildlife' and 'fulfill(ing) the wishes of the oil and gas companies.' This nonsense is continuously spewed by environmental extremists who will do and say anything to discredit the historic conservation achievements under the Trump administration and the incredible progress that has been made to more effectively manage our public lands. The United States is blessed with tremendous natural resources, but energy development and mining are under attack by environmentalists and Green New Deal pushers who want to 'keep it in the ground.' This ideology not only serves to drive hundreds of thousands of energy development, mining and production workers to the unemployment line, it makes the United States dependent on China, Russia and other unreliable countries for our domestic needs. This is dangerous and naive. The Trump administration has embraced an 'all-of-the-above' energy strategy that creates more jobs for American workers, makes the U.S. energy independent and drives costs down for American consumers, all the while opening up more acres of public lands for outdoor recreation and conservation."



"Worry not about the “10 years to fix climate change.” Worry about the existential threat of four years of Joe Biden."

 

– Daniel Turner,
Power The Future

The doomers figured out how to blame coal and oil for killing the dinosaurs. Logically, we're next.


New York Times (11/18/20) reports: "Paleontologists call it the Permian-Triassic mass extinction, but it has another name: “the Great Dying.” It happened about 252 million years ago, and, over the course of just tens of thousands of years, 96 percent of all life in the oceans and, perhaps, roughly 70 percent of all land life vanished forever. The smoking gun was ancient volcanism in what is today Siberia, where volcanoes disgorged enough magma and lava over about a million years to cover an amount of land equivalent to a third or even half of the surface area of the United States...Dr. Svenson thinks the next step for geologists is field work in Siberia to get a handle on whether ancient magma interacted with the fossil fuel deposits as the new studies imply. 'A lot of this we simply do not know,' Dr. Svenson said. While you may be tempted to draw an analogy between the Great Dying and today’s warming climate, there are significant differences. For one, the greenhouse gases emitted during the Permian-Triassic events were far greater than anything humans have produced. Also, the volcanoes released carbon dioxide 252 million years ago at a rate much slower than humans emit it today. 'The amount of carbon released to the atmosphere per year from the Siberian traps, it was still 14 times lower than the rate we have at the moment,' Dr. Jurikova said. 'So, the amount of carbon we’re burning per year at the moment is much higher than during the largest extinction. I mean, that’s incredible, right?'"

A bridge too far even for the disciples of modeling.


E&E News (11/20/20) reports: "No, we haven't reached a climate 'point of no return.' That's the overwhelming message from climate scientists in response to an alarming climate study that many experts described as flawed when it splashed across social media last week. Yes, there's still hope to prevent catastrophic global warming. And yes, reducing greenhouse gas emissions to zero could still halt climate change, they said. Published in the journal Scientific Reports, the paper suggests the world has crossed an irreversible climate threshold. Even if all greenhouse gas emissions were stopped tomorrow, it concludes, the world would continue warming for hundreds of years. Indeed, the authors said that emissions would have had to stop in the 1960s to prevent runaway warming. In this dire scenario, the only hope of stopping the warming would be to suck large volumes of carbon dioxide out of the atmosphere...Over the past week, numerous climate scientists have publicly criticized the paper. Most of their objections center on the model the study is based on. The paper relies on simulations from a single Earth system model — and a simple one at that. The model is not among the suite of climate and Earth system models typically used by climate scientists in these kinds of studies. Rather, the model was designed by the study's authors, Jørgen Randers and Ulrich Golüke, two business school professors in Norway."

When the going gets tough, people realize how important reliable energy is.


Indo-Asian Commodities (11/20/20) reports: "The share of renewables in India’s energy mix dipped to 10.7 % in the second quarter of the current fiscal year from 11.4% in the same period a year ago, according to the  Council for Energy Environment and Water’s quarterly handbook Centre for Energy Finance.  The outcome is surprising as the share of renewable energy in most countries have been growing, especially after the outbreak of the pandemic. However, an unseasonable and sharp reduction in wind speeds in resource-rich states (Gujarat, Rajasthan, and Tamil Nadu), led to a 41% reduction in wind generation in July year-on-year. Typically, the second quarter records the highest wind energy generation every year. The report also highlighted that 3.2 Gigawatts of renewables were auctioned in the second quarter (excluding 8 GW sanctioned as part of a manufacturing-linked upsizing of a solar auction from an earlier quarter)  as compared to 4.4 GW a year ago." 

Tom and Mike talk paint jobs, con jobs, lockdowns, the Justice League, French Laundrygate, and much, much more on the latest Unregulated Podcast.

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: ↑ $41.98
Natural Gas: ↑ $2.64
Gasoline: ~ $2.11
Diesel: ~ $2.39
Heating Oil: ↑ $127.94
Brent Crude Oil: ↑ $44.48
US Rig Count: ↑ 388

 
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