Your Morning Energy News

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MORNING ENERGY NEWS | 01/29/2021
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** The grid, the grind, Amazon's mail-in ballot problem, gamers, Utes, and lawsuits all on episode #21 of The Unregulated Podcast. Plus, The Honorable Daniel Simmons joins us to talk about clean, affordable energy and rant about Hal.
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** Click point_up_2 to listen. Or subscribe on all of you favorite platforms including SoundCloud ([link removed]) , iTunes ([link removed]) , Spotify ([link removed]) , Stitcher ([link removed]) , and TuneIn ([link removed]) .
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** "When Biden says he’s going to 'stop giving them federal subsidies,' what he means is that he wants to change the tax code so that domestic production of oil and natural gas becomes more expensive."
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– Jim Geraghty, National Review ([link removed])

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Perhaps they should have led with "Hey, we make a great product that helps people and nobody wants to make energy more expensive, so we're going to work with you to the extent we can and disagree with you to the extent we have to."

** Washington Times ([link removed])
(1/27/2021) column: "In Washington, you have to be careful what you say, because even if you’re kidding, you never know when people might take you seriously. This week had one of those moments, when the U.S. Chamber of Commerce and the American Petroleum Institute (API) tut-tutted the Biden administration for suspending oil and natural gas permits and announcing that there would be no new leases for oil and gas production on federal lands. Yet not five days earlier, the Chamber had welcomed the Biden administration to town, and it was not shy: 'The Chamber welcomes President Biden’s action to rejoin the Paris Climate Agreement. It is critical that the United States restore its leadership role in international efforts to address the climate challenge.' After reading that, it’s tough to see why they are upset with the administration. The pause in energy permitting is just the United States restoring its 'leadership role in international efforts to address the climate challenge.' Heck, the
Chamber’s own position on climate change notes that 'U.S. climate policy should recognize the urgent need for action.' The Biden team is simply recognizing the urgent need for action, and it is acting with urgency...The Biden administration has been clear about its intentions and clear with respect to how it has communicated them. As Maya Angelou wrote: “When someone shows you who they are, believe them.” It’s everyone else who has the problem with communication and intentions. There’s the fundamental problem. If you work on energy issues, once you surrender on the main point — that climate change is an urgent threat that warrants an equally urgent response — and the secondary point — that oil and natural gas are problems rather than benefits to mankind — you’ve already lost. Surrender only emboldens those who would destroy you. You can’t negotiate with people whose sole goal is to destroy you. It’s a lesson that lots of people will learn before the Biden administration is done."

Joe's choice: Confront a genocidal totalitarian regime, or ignore their crimes against humanity in exchange for blatantly false climate promises.

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Speaking of grand proclamations from Chinese leaders...

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Biden’s new Middle East policy is starting to emerge - return to our energy dependence on OPEC.

** Reuters ([link removed])
(1/27/21) reports: "Global oil demand is expected to rise by nearly 7% this year, boosted by quicker vaccine distribution and a better economic outlook, consultancy Wood Mackenzie said on Thursday. Total liquids demand is expected to average 96.7 million barrels per day (bpd) in 2021, 6.3 million bpd higher than last year when the Covid-19 pandemic caused an unprecedented oil demand shock. 'Our short-term forecast assumes vaccine distribution accelerating through 2021 and is underpinned by 5% expected growth in global GDP, according to our macroeconomic outlook, following the global economy’s 5.4% contraction last year,' said the consultancy’s vice president, Ann-Louise Hittle. 'The pace and strength of the global liquids demand recovery will depend on the pace of Covid-19 vaccine distribution and global economic recovery.' In terms of supply, WoodMac expects oil output from the U.S. Lower 48 states to reduce by about 500,000 bpd this year, moderating from last year’s decline. Rig activity
is expected to continue to rise but much of the recovery rate will be dependent on oil prices and the industry’s willingness to spend on volume growth again, WoodMac said. It added that decisions by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, will be a huge uncertainty."

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: ↑ $53.12
Natural Gas: ↑ $2.67
Gasoline: ↑ $2.42

Diesel: ~ $2.64
Heating Oil: ↑ $163.17
Brent Crude Oil: ↑ $56.30
** US Rig Count ([link removed])
: ↓ 431



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