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MORNING DAILY NEWS | 04/09/2021
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** And they made fun of the quality of a Tesla.
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The Verge ([link removed]) (4/8/21) reports: "Charging is a common concern with electric vehicles. But some owners of the brand-new Mustang Mach-E have run into a peculiar problem: their electric SUVs won’t start even when the main battery pack is full. That’s because, The Verge has learned, there’s a problem with some early Mustang Mach-E SUVs that involves how the much smaller 12-volt battery gets charged. It’s the latest in a growing line of small issues that have come to light during the rollout of Ford’s first long-range electric car. As is the case in other electric cars, the Mustang Mach-E keeps its 12-volt lead-acid battery topped up by essentially sipping power from the much larger lithium-ion battery pack. Based on owners’ accounts across multiple forum threads, including one who spoke to The Verge, the problem is this stops happening whenever the Mustang Mach-E is plugged in to charge up the larger battery pack. That is especially an issue for owners in
areas with cold weather, as Ford encourages them to leave their Mustang Mach-Es plugged in so the SUVs can use power from the grid to warm up before driving."


** "A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint"
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– Vicki Hollub, Occidental Petroleum Corp. ([link removed])

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The All-Star error of the year, brunch is infrastructure, AOC needs some rest, powerhouse Gordon Smith retires, and so much more on the latest episode of The Unregulated Podcast with Tom Pyle and Mike McKenna. ** Now steaming ([link removed])
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The show is available on all your favorite platforms including ** Sound Cloud ([link removed])
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How many different scams can they pack into one story?

** Bloomberg ([link removed])
(4/6/21) reports: "Some of them thought they were enrolling in a free government program to make their homes more energy-efficient. Others were promised the energy savings from their renovations would quickly offset the cost, only to end up with solar panels that didn’t work or were too few in number to make much of a difference. Some were signed up for projects that should never have been eligible for the financing to begin with, such as converting their garages to rental units. One answered a robocall about eliminating their electricity bill and wound up with an inoperable solar array and more than $20,000 of debt. All of these homeowners were sold on a form of financing called property assessed clean energy, or PACE, which leverages the taxing authority of local governments to cover the high upfront cost of a climate-friendly home renovation. PACE isn’t a mortgage, nor is it a conventional loan; rather, homeowners pay back their balance—plus interest—via a surcharge on their annual
property taxes. Consumer attorneys and legal aid groups in large U.S. counties where homeowners have used PACE—including Broward, Miami-Dade, and Hillsborough counties in Florida and Los Angeles, Orange, and San Diego counties in California—say PACE has emerged as a serious problem for low-income homeowners."

And by deeply invested in this, our "Special Envoy" wasn't referring to coal. But he should have been. Thanks, Lou, for another great chart...

** Washington Post ([link removed])
(4/8/21) reports: " More than 7,000 miles from Washington, John F. Kerry arrived in yet another major capital to deliver a message and a plea: The United States plans to make a profound push to combat climate change in the months and years ahead, and it needs all the partners it can get...Kerry said that as the dangers posed by climate change become more clear, the urgency of the problem means that countries must work together to confront it, or else face a 'mutual suicide pact across the planet.'...The travel is a way to convey the Biden administration’s sense of urgency about the problem and the president’s determination to renew relationships ahead of the global gathering in Glasgow in November. India is reporting record numbers of coronavirus cases, but Kerry is spending three full days in the country consulting with political leaders, business executives and entrepreneurs. Meeting people in person allows 'greater ease in the give and take,' he said in the interview. It also gives the
ability to pull someone aside and 'whisper in their ear' something 'you don’t want other people necessarily to hear.'... India is a crucial player in the fight to curb global emissions. It is the world’s third-largest emitter of carbon dioxide, and such emissions are expected to grow rapidly as incomes and energy consumption rise in a nation of more than 1.3 billion people...India isn’t 'using coal because they like coal or they’re oblivious to the impact,' Kerry said."...Kerryn met with Indian Prime Minister Narendra Modi this week and praised his determination to move India in the right direction. “He’s deeply invested in this,” both as an expression of spiritual and personal values, Kerry said in the interview.

It's all one big club and you're not in it... for now.

** Forbes ([link removed])
(4/5/21) column: "On March 10th, the European Parliament overwhelmingly endorsed the creation of a 'carbon border adjustment mechanism' (CBAM) that would shield EU companies against cheaper imports from countries with 'weaker' climate policies. The ‘CBAM’ will raise revenues to fund the 'Green Transition' or, to use a term which has been elevated to a mantra by European policy-makers, 'net zero by 2050' The carbon border tax is one of the highlights of the European Commission’s $750 billion Green Deal. Its adoption as EU’s policy posture could precede the G-7 meeting in Cornwall, U.K., slated for June 11 – 13. Kwasi Kwarteng, UK’s business secretary in the Boris Johnson government and host for the meeting, opined that 'there will be a discussion about carbon border adjusting, carbon leakage. That has to be part of the multilateral discussion.' By 'carbon leakage.' Mr. Kwarteng means that as richer countries have tightened their green regulations, many energy-intensive industries have
migrated to countries that do not have such regulations. Carbon leakage will doubtless also be a central issue at the UN’s 26th Conference of Parties (COP26) hosted by the UK when it meets in Glasgow in November. Alok Sharma, member of the Boris Johnson government and President-Designate of COP26, has called for the world to 'get on track for net zero by 2050.' By penalizing CO2 emissions, the only path up the energy ladder which allowed people in the now-developed countries to graduate to their current wealth and comfort is denied to the developing countries. The EU’s plan punishes those countries that do not adopt the EU proclamation of the 'climate emergency' and willingly forfeit the benefits of fossil fuel-based industrialization and economic growth for their citizens. Even more egregiously, the EU will utilize the revenues derived from carbon border tariffs to assist itself in financing its Green recovery plans. "

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: ↓ $59.23
Natural Gas: ↑ $2.54
Gasoline: ↓ $2.86

Diesel: ~ $3.08
Heating Oil: ↓ $179.50
Brent Crude Oil: ↓ $62.83
** US Rig Count ([link removed])
: ↓ 502



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