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MORNING ENERGY NEWS | 11/24/2020
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** Trying the same thing over and over again, but expecting new results...
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Washington Examiner ([link removed]) (11/24/20) column: "Same plot, same actors, but some new marketing techniques. This is not the first time President-elect Joe Biden has advanced an anti-energy agenda under the guise of climate change. But the former vice president’s proposed 'Plan to Build a Modern, Sustainable Infrastructure and Equitable Clean Energy Future' envisions 'far-reaching investments' in green jobs that in many respects surpass the promises made when Biden was part of the Obama administration. 'We need millions of construction, skilled trades, and engineering workers to build a new American infrastructure and clean energy economy,' Biden says in his plan...'Biden is promising to repeat the Obama-Biden legacy of failed green jobs, but this time, he intends to spend more taxpayer money
on what will be another failed enterprise,' said Tom Pyle, president of the Institute for Energy Research, a nonprofit organization in Washington, D.C., that favors free market policies in the energy sector. 'Biden plans to spend $2 trillion that could be better used to assist the economy in its recovery from the coronavirus pandemic and lockdown. He’s also proposing to pull fossil fuels out of the U.S. economy, where they supply 80% of the energy supply, which would be hugely disruptive to the jobs of millions who owe their livelihoods to the U.S.-produced energy.'"
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"America will soon have a government that treats the climate crisis as the urgent national security threat it is. I'm proud to partner with the president-elect, our allies, and the young leaders of the climate movement to take on this crisis as the President's Climate Envoy."
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– John Kerry, America's International Climate Czar ([link removed])
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So what you're saying is that staying home didn't help the environment?
** NewsMax ([link removed])
(11/23/20) reports: "Greenhouse gas concentrations climbed to a new record in 2019 and rose again this year despite an expected drop in emissions due to COVID-19 lockdowns, the World Meteorological Organization said on Monday, warning against complacency. Many scientists expect the biggest annual fall in carbon emissions in generations this year as measures to contain coronavirus have grounded planes, docked ships and kept commuters at home. However, the WMO described the projected 2020 drop as a 'tiny blip' and said the resulting impact on the carbon dioxide concentrations that contribute to global warming would be no bigger than normal annual fluctuations. 'In the short-term the impact of the COVID-19 confinements cannot be distinguished from natural variability,' the WMO's Greenhouse Gas Bulletin said."
Cause that sure looks safe to drive...P.S., I wonder how many "Baby on Board" signs you'll see on these...
** Forbes ([link removed])
(11/22/20) reports: "Grandstanding European politicians are accelerating the sales ban on petrol and diesel cars to 2030, paying scant attention to the unintended consequences, but mini-electric vehicles may bail them out. The negative impact of bans, announced in Britain and expected in Europe, assumes electric cars will still be unaffordable to basic mass market buyers by then, but some analysts expect big improvements in technology and manufacturing to create at least a level playing field before that. The ban by Britain provoked more questions than answers. Why suddenly impose a deadline of 2030; surely a gradual changeover would make more sense and do less damage to economies and people? The relaxation for hybrids until 2035 prompted the thought; 'just what is a hybrid?' And can U.K. factories still make ICE cars for export? On Wednesday, British Prime Minister Boris Johnson announced the sales ban on internal combustion engine (ICE)-powered vehicles would start in 2030, after
previously hinting at 2032 and compared with the original plan of 2040. Johnson announced this as part of a plan to cut CO2 emissions and fight climate change. France and Spain still have 2040 targets. Germany is still undecided. Expect action from them soon."
I see your true colors shining through.
** Denver Post ([link removed])
(11/19/20) reports: "Just as the Colorado Oil and Gas Conservation Commission prepares to vote on several new rules, including much larger buffers from wells, a test email by the staff that used disparaging fake company names was mistakenly released to people in the industry. As first reported by CBS4 on Wednesday, companies received test emails early Sunday with a list of hearings before the COGCC for companies that included the names 'Snake Oil Inc.' and its law firm, 'Blah, Blah, Blah.' An email obtained by The Denver Post showed other names were 'Bad Oil and Gas,' 'Acme Company II,' 'Here We Go Again' and 'The Lorax.' The Acme Corporation was a company in the Road Runner/Wile E. Coyote cartoons that sold products that would backfire on the coyote. And 'The Lorax' by Dr. Seuss is a cautionary tale about the environment. Megan Castle, COGCC spokeswoman, said in an email that to ensure that a new online filing system worked, the staff was practicing on an internal site, 'which was
accidentally shared with our stakeholders.' 'We apologize that some of the names used during this testing were not professionally chosen. The employees involved in this situation have had this addressed by their supervisors,' Castle said. 'This unfortunate incident does not reflect upon the quality of work that has been and will be conducted by COGCC for all its customers.'"
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Energy Markets
WTI Crude Oil: ↑ $44.55
Natural Gas: ↑ $2.76
Gasoline: ↑ $2.8611
Diesel: ↑ $2.40
Heating Oil: ↑ $135.88
Brent Crude Oil: ↑ $47.43
** US Rig Count ([link removed])
: ↑ 396
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