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MORNING ENERGY NEWS | 01/05/2021
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** You took the words right out of my mouth.
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Independent ([link removed]) (1/4/21) reports: "Rock musician Meat Loaf thinks Greta Thunberg has been brainwashed into thinking climate change is real. The singer, 72, said he 'feels' for the 17-year-old, whom he thinks has 'been forced' into her beliefs. 'I feel for that Greta,' he told Mail Online. “She has been brainwashed into thinking that there is climate change and there isn’t.' He continued: 'She hasn’t done anything wrong, but she’s been forced into thinking that what she is saying is true.' Last year, climate activist Thunberg – who was named Time’s person of the year – sparked the fury of Jeremy Clarkson, who called her, among other things, a 'stupid idiot' who is 'causing young children sleepless nights.'"
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** "The work of the Environmental Protection Agency—to protect human health and the environment—shouldn’t be exempt from public scrutiny. This is why we are promulgating a rule to make the agency’s scientific processes more transparent.
Too often Congress shirks its responsibility and defers important decisions to regulatory agencies. These regulators then invoke science to justify their actions, often without letting the public study the underlying data. Part of transparency is making sure the public knows what the agency bases its decisions on."
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– Andrew Wheeler, EPA Administrator ([link removed])

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Does this mean the Union of Concerned Scientists will go on strike?

** ([link removed])

I wonder how many renewable energy companies Yellen has invested in?

** E&E News ([link removed])
(1/5/21) reports: "President-elect Joe Biden's pick to lead the Treasury Department has committed to fighting climate change and the threats it poses to the U.S. economy in her new role. But former Federal Reserve Chair Janet Yellen's recently released financial disclosures, which were posted on New Year's Eve, show she owns stocks in the fossil fuel and chemical industries — and that she has made millions of dollars in speaking fees from corporations and financial firms, including those that contribute to global warming. According to the disclosures, Yellen holds at least $45,000 — and as much as $150,000 — of investments in ConocoPhillips, Phillips 66 Co. and DuPont. Yellen, whose nomination was praised by progressives and green groups, made between $3,700 and $8,500 from her investments in those three companies since January of 2019, according to the U.S. Office of Government Ethics. Biden's choice for Treasury secretary also holds at least $2,000 of investments in Chemours Co., Dow
Inc. and Dow Dupont, which together drove between $400 and $2,200 in income from dividends over the reporting period. Yellen has also invested between $100,000 and $250,000 in Norfolk Southern Corp., a freight rail company that transports coal."

The rumors of oil's death have been greatly exaggerated.

** Investing.com ([link removed])
(1/4/20) reports: "Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers will hold off on increasing output in February and on hopes that vaccines may curb the spread of the novel coronavirus and drive an economic rebound. Benchmark Brent crude futures reached $53.33 a barrel, their highest since March 2020, as prices rose in line with broader financial markets. U.S. West Texas Intermediate (WTI) crude touched $49.83 a barrel, its highest since February 2020. 'Price action today suggests that the market is assuming that OPEC+ keeps the level of cuts unchanged for the upcoming month,' said ING commodities strategist Warren Patterson. Prices later trimmed gains, with March Brent crude futures at $52.23 a barrel, up 43 cents or 0.8%, as of 1501 GMT. February WTI crude futures were up 20 cents, or 0.4%, to $48.72. 'The likely extension of mobility restrictions across several European countries might have been a trigger causing oil prices to erase earlier
gains,' UBS analyst Giovanni Staunovo said."

Energy Markets


WTI Crude Oil: ↑ $49.55
Natural Gas: ↑ $2.71
Gasoline: ↑ $2.26

Diesel: ~ $2.56
Heating Oil: ↑ $151.29
Brent Crude Oil: ↑ $52.79
** US Rig Count ([link removed])
: ↑ 394



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