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MORNING ENERGY NEWS | 12/24/2020
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** I hope this adds to your enjoyment of the holidays.
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Institute for Energy Research ([link removed]) (12/23/20) reports: "Never has there been a better time to enliven darkness with celebratory holiday lighting. Locally, nationally, globally, people need happiness and hope, not gloom about a dark winter. Millions decorating with Christmas lights, good neighbors and citizens all, will not be denied. In the energy capital, the Houston Chronicle captured the mood with this comment from one super-displayer: 'It has been such a crazy year, and I am seeing lights going up all over in the neighborhood. People are ready to get to some happy. Christmas is my favorite time of year — I just love it, and I love going all out for it. This is a different kind of year, but we will be positive and make the best of it.' 'Everyone is going full guns,' said another. 'We all want to see a little Christmas.' Expect record lighting this December to end 2020’s darkness...Holiday lighting
is a wondrous social offering—a positive externality in the jargon of economics—given by many to all. The energy enabling Christmas lights is becoming more sustainable, not less, despite myriad government interventions to force expensive, unreliable, infrastructure-intensive substitutes (think industrial wind turbines and solar arrays) into the mix. But forget the politics for the rest of the year. Add light to enliven darkness and elevate the mood. It’s all sustainable and otherwise as pure as the driven snow."

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** “It was brilliantly lighted with...eighty lights in all encased in these dainty glass eggs, and about equally divided between white, red and blue....One can hardly imagine anything prettier."
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– W.A. Croffut, Detroit Post and Tribune, on seeing the first Christmas Tree decorated with electric lights. ([link removed])

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What to make of the 'Coronabus' and the future of a 'direct action' coalition.

** ([link removed])

There's only one Red you can trust.

** American Enterprise Institute ([link removed])
(12/22/20) blog: "It’s that time of year again. Yes, the time when we compare the glowing descriptions of China’s climate change behavior to the actual outcomes, and don’t know whether to laugh or cry. Either way, if the incoming Biden administration intends to reduce global greenhouse gas emissions, not just talk, it faces an unpleasant confrontation with Beijing. The Netherlands Environmental Assessment Agency has measured greenhouse emissions back to 1970. Yesterday, they reported 2019 results. This is reassuring compared to emissions data being published the same year or shortly after, because accurate global data can’t be compiled that quickly. The 2019 upshot: China’s 2019 greenhouse gas emission level was 14 billion metric tons carbon-dioxide equivalent, expanding 420 million tons over 2018. The 3-percent increase is current reality, versus Xi Jinping’s promise of how much better things will be in 2060 (both do involve a lot of hot air). The comparable American figures for 2019 were
a 110-million ton drop to 6.6 billion tons, less than half of China’s. The global total was 52.4 billion tons, rising 570 million. China accounted for close to 27 percent of that total and, painfully, 74 percent of the 2019 increase."

Energy Markets


WTI Crude Oil: ↑↓ $68.16
Natural Gas: ↑↓ $2.73
Gasoline: ↑↓ $2.86

Diesel: ↑↓ $3.16
Heating Oil: ↑↓ $207.08
Brent Crude Oil: ↑↓ $72.00
** US Rig Count ([link removed])
: ↑↓ 1137



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