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MORNING ENERGY NEWS | 12/01/2020
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** ...for reminding us how shockingly hypocritical you are.
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Fox News ([link removed]) (11/29/20) reports: "Former President Barack Obama, in his latest memoir, criticized Americans for liking 'cheap gas and big cars' more than they care about 'the environment' – even during a catastrophic event like the 2010 Deepwater Horizon oil spill. The comments came during a section in Obama’s 700-page book, 'A Promised Land,' released earlier this month. On page 570, the former commander in chief recounts a press conference he gave more than a month into the oil spill – now considered one of the largest in history – saying his comments did not adequately express the frustration he truly felt...What he really wanted to say was that government regulatory agencies were not fully equipped to address an environmental accident because many American voters for decades had 'bought into the idea that government was the problem and that business always knew
better, and had elected leaders who made it their mission to gut environmental regulations, starve agency budgets, denigrate civil servants, and allow industrial polluters to do whatever the hell they wanted to do.' The only way to truly prevent another catastrophe, like the 2010 Deepwater Horizon oil spill, Obama says, 'was to stop drilling entirely.' 'But that wasn’t going to happen because at the end of the day we Americans loved our cheap gas and big cars more than we cared about the environment, except when a complete disaster was staring us in the face,' he writes."


** "Ultimately, the underlying reasons for Biden to reject a ban on fracking — jobs, affordable energy, and reduced carbon emissions — should apply as well to fracking on federal lands. If fracking is playing a useful role in transitioning to new ways of producing and consuming energy, it should not matter where the work takes place."
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– Gene Green, Waco Tribune-Herald ([link removed])

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Bless his heart.

** E&E News ([link removed])
(11/30/20) reports: "Alex Fitzsimmons, deputy assistant secretary for energy efficiency at the Department of Energy, is joining the conservative clean energy think tank ClearPath as senior policy director. At the group, founded by Republican climate activist Jay Faison, Fitzsimmons will work across ClearPath's clean energy technology portfolio, with a focus on energy storage, renewable energy technologies, advanced manufacturing and critical minerals. 'We are very excited to have Alex join our policy team, where he brings a wealth of experience on a number of clean energy technologies and how the Department of Energy can most effectively partner with the private sector to accelerate innovation,' said Rich Powell, ClearPath's executive director. Fitzsimmons is one of two high-level employees leaving the Department of Energy's Office of Energy Efficiency and Renewable Energy, according to an email obtained by E&E News."

Just in time for the holiday season!

** ([link removed])

Don't plan your budget on the success of the industry you are trying to suppress.

** NBC News ([link removed])
(11/29/20) reports: "The New Mexico governor's office made sure to alert The New York Times before the big announcement last year that a public college education would soon be free for all residents. Gov. Michelle Lujan Grisham said New Mexico, notoriously poor and almost last in state education rankings, would be the first state to take the step, thanks to a blue wave that swept the state in 2018, when Democrats elected Lujan Grisham after eight years of a Republican governor, flipped the state's sole Republican seat in Congress from red to blue and strengthened majorities in the state Legislature...But the plan, to be funded by revenue earned from fracking in the Permian Basin, never materialized. Grisham faced opposition in the Legislature, even from members of her own party, and from some college presidents skeptical about how much it would help low-income students...After the coronavirus pandemic devastated international oil markets in April and prices tanked, Lujan Grisham could no
longer pull cash out of the Permian Basin, an oil field in west Texas and southeastern New Mexico that had become the country's top-producing oil field through new horizontal fracking technology. As the economy slumped, the state was forced to cut its budget and to reconsider ambitious and expensive legislation."

Energy Markets


WTI Crude Oil: ↓ $45.04
Natural Gas: ↓ $2.89
Gasoline: ↑ $2.14

Diesel: ~ $2.42
Heating Oil: ↓ $136.96
Brent Crude Oil: ↓ $47.74
** US Rig Count ([link removed])
: ↓ 395



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