Your Morning Energy News.
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MORNING ENERGY NEWS | 11/25/2020
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** Enjoy serfdom.
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Real Clear Energy ([link removed]) (11/18/20) column: "With the election of Joe Biden, the environmental movement has now established suzerainty over global economics. Gone not only is the troublesome Donald Trump but also the Canadian skeptic Steven Harper. Outside of those dismissed as far right, there is virtually no serious debate about how to address climate change in the U.S. or Western Europe outside the parameters suggested by mainstream green groups. In reality, though, few electorates anywhere are ready for extreme policies such as the Green New Deal, which, as its widely acknowledged architect, Saikat Chakrabarti, has acknowledged, is really a redder, more openly anti-capitalist version of the Great Depression-era original...What the green end game is likely to produce is an increasingly static and hierarchical society, perhaps torn apart by raging class conflict between the oligarchs and their allies, on one side, and
the beleaguered middle and working classes, on the other. We can already see signs of this in California, where Latino and African-American activists object to paying for the fantasies of the green grandees, a phenomenon also seen in grassroots movements in France, the Netherlands, and Norway. The impact on developing countries, in particular, could be severe, with potentially gruesome consequences."
** "[The Paris Climate Agreement was] not designed to save the environment. It was designed to kill the American economy."
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– President Donald J. Trump ([link removed])
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Carbon taxes? We don't need no stinkin carbon taxes.
** ([link removed])
All sources of energy require trade-offs, but the green crowd doesn't like to talk about theirs and it's easy to see why.
** Daily Mail ([link removed])
(11/21/20) reports: "The pitiful image was like something from centuries ago rather than our advanced, technological age. In front of me, struggling up a hill, was an 11-year-old boy called Daniel, covered in dust and carrying 30lb of metallic rock in a sack on his back. When other children his age would usually be playing at school, Daniel was acting as a human mule as he dragged his heavy cargo from a digging site to a depot where he hoped to sell it to Chinese traders. In fact, he had never attended school at all, he told me. Poverty and survival were the central themes of his existence. Child workers like him can expect to receive as little as £1.50 per day of back-breaking toil. I came across Daniel in 2018 while on a photographic assignment investigating the cobalt mining industry in the Democratic Republic of the Congo (DRC), working alongside the journalist Vivienne Walt. The DRC, in the heart of Africa, is a country that has long been scarred by deprivation, corruption and communal
violence. But it is also rich in minerals, particularly cobalt, a key component of the lithium-ion batteries that power mobile phones, computers, tablets — and electric cars. Shamefully, we in the West enable this hypocritical inhumanity through indifference, or just plain ignorance. We reassure ourselves that we are being virtuous by switching to an electric car, for instance, because it is better for the environment than dirty fossil fuels. But we fail to recognize the suffering and abuse behind smart technology."
Ummm, that’s kind of the point Jake...
** ([link removed])
Energy Markets
WTI Crude Oil: ↑ $45.31
Natural Gas: ↑ $2.76
Gasoline: ~ $2.11
Diesel: ↑ $2.40
Heating Oil: ↑ $137.67
Brent Crude Oil: ↑ $48.19
** US Rig Count ([link removed])
: ↑ 397
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