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MORNING ENERGY NEWS | 02/23/2021
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** Confront a bully from a position of strength and they usually back off. Remember, Joe, most of them are cowards on the inside.
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The Hill ([link removed]) (2/23/21) reports: "Rep. Alexandria Ocasio-Cortez (D-N.Y.) took aim at Sen. Joe Manchin (D-W.V.) over a report he is undecided on the confirmation of Rep. Deb Haaland (D-N.M.), President Biden’s nominee for Interior secretary. 'Jeff Sessions was so openly racist that even Reagan couldn’t appoint him,' the New York congresswoman tweeted on Monday, in reference to former President Trump’s first attorney general. 'Manchin voted to confirm him. Sessions then targeted immigrant children for wide-scale human rights abuses w/ family separation. Yet the 1st Native woman to be Cabinet Sec is where Manchin finds unease?' Ocasio-Cortez tweeted in response to a report that the West Virginia Democrat has “remaining questions” about Haaland, whose confirmation hearing before the Senate Energy Committee is set for Tuesday...Last November, Ocasio-Cortez responded to a tweet by Manchin with an image
of her appearing to glower at him at the State of the Union. Manchin had earlier linked to an article about his opposition to ending the Senate filibuster while knocking calls from lawmakers, such as Ocasio-Cortez, to defund police."


** Someone's got to ask the 'tough' (translation: completely reasonable) questions around here.
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Washington Times ([link removed]) (2/23/21) reports: "Since New Mexico will feel the brunt of President Biden’s moratorium on oil and gas drilling, it would seem an elected official from the state would be well positioned to answer questions about federal land management and energy development. That opportunity will come on Tuesday morning when Rep. Deb Haaland, who has represented New Mexico’s 1st Congressional District since 2019, appears before the U.S. Senate as Biden’s nominee to serve as the next secretary for the Interior Department...That’s why Tom Pyle, president of the American Energy Alliance, a Washington, D.C., nonprofit group that favors free-market energy policies, is doing it for them. The AEA cites figures that show the U.S. oil industry now pumps about 12 million barrels a day, with shale-oil companies accounting for about 8 million barrels of that total, which
is roughly 8% to 10% of the global supply of oil. America’s accelerated pace of domestic energy production has been possible through the use of horizontal drilling and hydraulic fracturing, which have freed the U.S. from relying upon unfriendly, unstable regions of the world to supply its energy needs. With these facts in mind, here are some of the AEA’s suggested questions:
* 'As the child of two parents who served in the U.S. military, what is your view on energy security and responsibilities to our allies overseas?'
* 'If America is able to aid our allies with plentiful, affordable natural gas, what would your message be to nations like Ukraine when denying them natural gas (in the form of delivered liquified natural gas — LNG)?'
* 'What is your view of the federal government’s regulatory role? What should it do, and just as importantly, what shouldn’t it do?"


** "Climate change in the U.S. started when Europeans arrived and started killing the buffalo."
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– Deb Haaland, Nominee, Secretary of the Interior ([link removed])

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Not exactly breaking news, but your daily reminder that modern life is only possible with reliable energy sources.

** American Institute for Economic Research ([link removed])
(2/22/2021) blog: "William Stanley Jevons’ The Coal Question (1865) explained how coal (and by implication, oil and natural gas) were uniquely suited for—and indeed, prerequisites for—the machine age. His insights from long ago resonate in today’s debate pitting the market’s preference for mineral energies versus the government’s drive towards renewables, wind and solar in particular. In Jevons’ time, the modern world was moving away from scarce, cumbersome, often unreliable energies—wood and plant burning (primitive biomass), falling water, and wind—toward coal and even oil. Both were concentrated stocks of energy, the sun’s work over the ages; renewables were dilute, intermittent flows from the sun. Electricity was several decades away, but steam from coal would lead the way there too...William Stanley Jevons was the first intellectual to question the ability of renewables to serve as primary energies for industrial society. The deep, thorough insight of the father of energy economics
remains relevant today."

The dimmest bulb award goes to...

** ([link removed])

All pipelines are evil, but some pipelines are more evil than others...

** NTD ([link removed])
(2/21/21) reports: "The Biden administration’s silence on adding new sanctions on Russia over its Nord Stream 2 project has generated pushback from lawmakers who argue the project is a 'gift' to the Kremlin, with devastating implications for U.S. national security and for the energy security of its European allies. A congressionally mandated report on the pipeline released by the State Department on Feb. 19 failed to mention new sanctions on Russia and also failed to mention Germany and other European entities that have been involved with the construction of the natural gas pipeline. Sen. Ted Cruz (R-Texas), a member of the Senate Foreign Relations Committee, said of the report that it was “startling to see the Biden administration begin by handing Putin a victory he has been building towards for over a decade.' 'There is no coherent legal justification for this report,' Cruz said in a Feb. 20 statement. 'Congress has mandated sanctions not just against vessels installing pipes for Nord
Stream 2 but against vessels that engage in related pipelaying activities, insurers of those vessels, and companies providing certification services. Publicly available tracking information indicates that Russian President Putin has successfully revived the project and is now within months of finishing it,' he added. 'The Biden administration is signaling it is willing to let the pipeline be completed, with catastrophic implications.'"

Energy Markets


WTI Crude Oil: ↓ $51.65
Natural Gas: ↓ $2.89
Gasoline: ↑ $2.64

Diesel: ↑ $2.86
Heating Oil: ↓ $185.81
Brent Crude Oil: ↑ $65.26
** US Rig Count ([link removed])
: ↑ 459



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