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MORNING ENERGY NEWS | 9.23.2019
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** This is the best Massachusetts can come up with? Oh, I forgot, they also have Mitt Romney.
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Boston Globe ([link removed]) (9/23/19) reports: Sen. Ed Markey is responding to Rep. Joe Kennedy’s primary challenge with a challenge of his own. Within minutes of Kennedy formally announcing his Senate campaign Saturday morning, Markey called on the Massachusetts congressman and his two other Democratic primary challengers to agree to a debate specifically focused on climate change in November...Kennedy, who also supports a Green New Deal, has also made a point of contrasting his support for eliminating the Senate filibuster, which requires a 60-vote threshold to pass most legislation, with Markey’s position on the supermajority rule...And while he didn’t suggest a particular location, the debate would effectively be held on his home turf. In addition to co-authoring the Green New Deal, Markey has made environmental issues one of his central focuses since he was first elected to the House in 1976; as a
congressman, he also cowrote the only major climate change bill to pass in the House (the legislation died in the Senate). Last week, Ocasio-Cortez endorsed Markey for re-election, citing his record on the environment, among other issues."
**
"Doesn’t the wholesale reordering of our society demand at least a little bit of public debate? We think so."
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– Jim Lakely, The Heartland Institute ([link removed])
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Don't they realize Steyer is their sugar daddy?
** ([link removed])
See how green we are! We don't know how much it will cost us and you probably won't use them, but no matter 'cause we're just gonna jack up your rates.
** E&E News ([link removed])
(9/20/19) reports: "Florida Power & Light Co. plans to install 1,000 electric car charging stations at 100 locations across the state. The utility's announcement Wednesday says the stations would be located on major roadways, public parks, shopping malls, tourist destinations and at major employers, such as Office Depot in Boca Raton. FPL spokeswoman Alys Daly told the South Florida Sun Sentinel she didn't have a cost estimate. The charging stations would go through regulatory approval in Tallahassee as part of a future cost-recovery filing with the Florida Public Service Commission."
Who could have possibly predicted that banking your entire energy portfolio on a failing socialist hellscape could lead to shortages?
** Washington Post ([link removed])
(9/20/19) reports: "A fuel shortage blamed on the Trump Administration has turned filling a tank in Cuba into an ordeal even for a country used to waiting in lines. Around Havana, drivers spend days hunting desperately for gas, calling friends and updating online chat groups with sightings of diesel, regular and higher-octane fuel at gas stations. Lines this week have come to stretch for blocks with waits up to five hours long. Drivers park and shut off their cars to wait in the shade and chat with friends as cars crawl past pumps far in the distance...Outside observers say the broader cause is Cuba’s energy overdependence on a single socialist ally whose oil industry has gone into freefall. Cuba relies on Venezuela for about 60 percent of its daily consumption, according to some estimates. 'Once again they committed the great strategic error of putting all their eggs in one basket,' said Jorge Piñon, an expert on Cuban and Venezuelan energy and economics at the University of Texas. 'They
didn’t learn the lesson of the ‘80s when they depended on the Soviet Union without an insurance policy protecting them from political changes.'"
Want freedom gas?
** Houston Chronicle ([link removed])
(9/22/19) reports: "As India seeks to diversify its power generation mix, U.S. energy companies, and in particular those from Houston, are vying to get a piece of a pie that experts believe may over the next three years be worth $100 billion. With India currently getting more than half of its electricity from coal, Indian Prime Minister Narendra Modi wants to grow natural gas to make up 15 percent of the nation’s power generation mix by 2030. As part of this weekend’s whirlwind tour of Houston, Modi met with the CEOs of 16 energy companies on Saturday. One key item discussed was India cutting its corporate tax rate to 25 percent from 35 percent...India buys most of its oil from the Middle East but imported more than 13.9 million barrels of U.S. crude oil in June, figures from the U.S. Energy Information Administration show. The subcontinent imported more than 57.6 billion cubic feet of natural gas from the United States in 2018, ranking India as the fourth largest importer of U.S. LNG."
Energy Markets
WTI Crude Oil: ↓ $57.83
Natural Gas: ↓ $2.51
Gasoline: ↓ $2.66
Diesel: ↑ $3.01
Heating Oil: ↓ $198.13
Brent Crude Oil: ↓ $63.96
** US Rig Count ([link removed])
: ↓ 908
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