Your Morning Energy News

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MORNING ENERGY NEWS | 01/08/2021
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** Wicked cool cah. Too bad I can't get it to chaagh in the winter.
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E&E News ([link removed]) (1/8/21) reports: "Massachusetts plans to phase out sales of new gasoline-powered cars by 2035, speeding down the same road as California. While many climate hawks have their eyes trained on the federal government, the proposal last week from Massachusetts Gov. Charlie Baker (R) heralds significant climate action at the state level. 'I'm really excited to see Gov. Baker moving forward to address global warming pollution from cars and get more zero-emission vehicles on the road,' said Morgan Folger, director of the Zero Carbon Campaign at Environment America. 'Transportation is one of the largest sources of global warming pollution in Massachusetts, and, in particular, gas-powered cars are a big chunk,' Folger added. 'So phasing out gas-powered cars in the state could make a big dent.' Baker issued the proposal as part of his interim Clean Energy
and Climate Plan for 2030, which outlines how the state can reduce carbon emissions 45% below 1990 levels by 2030 — an interim target on the path to net-zero emissions by 2050."


** "President-elect Joe Biden has said that reentering the Paris Agreement is a top priority, but one has to wonder why. The economic consequences of rejoining the Paris Agreement will be severe, hurting consumers, businesses, and workers because of dramatic steps that will need to be taken to comply with the carbon emissions reduction target."
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– Jason Pye, FreedomWorks ([link removed])

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Better watch the latest CEA video before YouTube pulls it down.

** ([link removed])

Of course, this won't have any influence on the Chinese actually sticking to their Paris commitments... 🙄

** Reuters ([link removed])
(1/8/21) reports: "Exceptionally cold weather sweeping through China has caused a huge increase in power demand in the world’s largest energy consumer and hampered transportation. Frigid weather across north Asia has caught utilities and liquefied natural gas importers off guard as demand for power lowered inventories and pushed spot prices to record levels. China’s Central Meteorological Station released the first cold warning in 2021 earlier in the week to several regions. Cities such as the eastern port city of Qingdao recorded the lowest temperature in history and the capital city Beijing had coldest day since the 1960s on Jan 7. At least nine provincial grid systems in northern China saw peak power load hitting historic highs this week, according to China’s State Grid. China’s industrial belt, where a stunning manufacturing recovery from the coronavirus pandemic boosted energy demand, experienced a temporary power crunch in the last cold snap in December."

Biden has a plan to fix this "problem":

** Blomberg ([link removed])
(1/6/21) reports: "The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic. Eliminating the reliance on Middle East oil has been the dream of every U.S. Administration since the presidency of Jimmy Carter in 1977. Just 12 years ago, when Joe Biden became U.S. Vice-President, American refiners were routinely importing about 1 million barrels a day of crude from Saudi Arabia, the second-largest supplier to the U.S after Canada and seen as a major security risk. Just three presidential terms later, that flow has fallen to zero. It is the most visual manifestation of how little America now relies on Middle East oil, after shaping its foreign policy for decades around its need for crude. If this abstinence from Saudi oil continues, it would weaken the economic, political and military links that have
defined relations between Riyadh and Washington for decades."

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $51.56
Natural Gas: ↓ $2.66
Gasoline: ↑ $2.30

Diesel: ↑ $2.58
Heating Oil: ↑ $155.98
Brent Crude Oil: ↑ $55.24
** US Rig Count ([link removed])
: ↑ 398



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