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MORNING ENERGY NEWS | 04/22/2021
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** It's not about saving Earth, it's about controlling it.
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Hyperlinked Source ([link removed]) (4/1/21) reports: "Just in time for Earth Day, the Biden administration is poised to unleash a major transformation of the American economy under the guise of climate change. But elected officials in Congress are not expected to have any say in the matter as the White House works in partnership with state officials to implement anti-industry regulations and other green initiatives aimed at achieving 'net-zero emissions' by 2050, if not sooner. That much is made clear by email records highlighting the correspondence among state government officials who are affiliated with the U.S. Climate Alliance, an informal 'project' of the William and Flora Hewlett Foundation being run out of Ted Turner’s UN Foundation. Conceived by progressive governors’ offices, USCA effectively staffs and provides consultants and other resources to a coalition of state governors devoted to implementing the goals of the UN Paris Agreement, which Biden has
rejoined after President Trump formally withdrew the U.S. last November...Dan Kish, a senior fellow with the Institute for Energy Research, a Washington-D.C. based nonprofit that favors free market energy policies, sees growing evidence of a 'shadow government' at work 'paid for by billionaire donors' like Hewlett, Rockefeller, and Bloomberg. 'They’ve discovered a way to advance their private interests in government agencies that are supposed to operate in the public interest,' he said. 'Leftists know that control of energy gives them control of the economy.'"
** Meanwhile, back in reality, we're poised to have the cleanest, healthiest Earth Day on record.
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** "What fossil-fuel dependence has done to Wyoming’s cities is not only to make them all fragile in the same way, to tie their fates together. It has also blunted the feedback from local land-use decisions. It’s time to move on from this era."
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– Daniel Herriges, Strong Towns ([link removed])
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It's not a permanent ban, it's just an indefinite temporary moratorium. ** 🙄 ([link removed])
** Star Tribune ([link removed])
(4/21/21) reports: " The U.S. Interior Department is canceling oil and gas lease sales from public lands through June amid an ongoing review of how the program contributes to climate change, officials said Wednesday. The action does not affect existing leases, and the agency has continued to issue new drilling permits during the open-ended review ordered by the White House, said Nada Culver, deputy director of Interior's Bureau of Land Management. The petroleum industry and its Republican allies in Congress have said the oil and gas moratorium will harm the economies of Western states without putting a significant dent in climate change. There is no end date for the review, but an interim report due this summer could reveal the Biden administration's long-term plans for lease sales. Sales had been tentatively scheduled in seven states and regions — Nevada, Colorado, Montana, New Mexico, Utah, Wyoming and the bureau's eastern region, spokesperson Jeffrey Krauss said. Officials had previously
postponed or suspended lease sales in the Gulf of Mexico, Alaska's Arctic National Wildlife Refuge and many of the same states covered in Wednesday's move. Biden on Jan. 27 ordered Interior officials to review if the leasing program unfairly benefits companies at the expense of taxpayers and its impact on climate change...The leasing ban is only temporary, although officials have declined to say how long it will last."
Pay no attention to the parasites behind the green curtain.
** Washington Free Beacon ([link removed])
(4/21/21) reports: "Democratic lawmakers and expert witnesses pushing President Joe Biden's $2 trillion 'green infrastructure' package stand to profit from the plan, financial records reviewed by the Washington Free Beacon show. Biden's American Jobs Plan requires 100 percent of U.S. electricity to come from renewable sources—including solar, wind, hydrogen, and biomass—by 2035. The provision comes as a boost to Rep. Sean Casten (D., Ill.), who holds up to a $500,000 stake in biomass company Greenleaf Power, according to his 2019 financial disclosure. The Democrat stressed the need to make 'big and bold' investments in 'clean energy infrastructure' in a March statement that urged the passing of Biden's legislation but did not reveal his financial stake in Greenleaf. Rep. Sharice Davids (D., Kan.)—who recently claimed that the American Jobs Plan would create a 'smart and sustainable' economic boom—also holds up to $16,000 in clean energy utility companies, her 2019 financial disclosure
reveals. Davids's portfolio includes Fuel Cell Energy, a hydrogen energy production company that enjoyed a 9 percent stock increase after Biden unveiled his proposal in March. The legislation steers $15 billion in taxpayer funds toward 'climate R&D priorities' such as hydrogen."
Stories to remember during the annual Earth Day push for more renewables.
** Forbes ([link removed])
(4/20/21) column: "In recent congressional hearings, political leaders pointed to recent electricity blackouts in Texas and California caused by extreme weather as reasons for why the federal government should increase taxpayer subsidies and mandates for renewable energy sources. But that’s a hair-of-the-dog cure that’s unlikely to work. Both the heat-driven August 2020 electricity shortage in California, and the cold-driven February 2021 shortage in Texas, were caused in large part by over-reliance, not under-reliance, on weather-dependent renewables like solar panels and wind turbines. As demonstrated by the temporary freeze-up of even nuclear and fossil-fueled power plants during the Texas coldsnap, what the grid needs more reliable baseload generation — not more intermittant supplies. Without infeasibly massive investments in battery storage and other load smoothing technologies, Federal policies that force states to become more reliant on renewables will only increase the probability
and frequency of blackouts. In California, state electricity regulators over-relied on solar panels, despite warnings from the state’s grid operator that doing so was dangerous, since most of the state’s peak electricity use occurs during and after the sunset. 'For many years we have pointed out that there was inadequate supply of electricity after solar had left its peak,' said an emotional CEO of California’s grid manager, Caiso, last August during the blackouts. 'We told regulators over and over that more should be contracted for. That was rebuffed. And here we are.'"
Energy Markets
WTI Crude Oil: ↑ $61.69
Natural Gas: ↑ $2.67
Gasoline: ↑ $2.88
Diesel: ↑ $3.08
Heating Oil: ↑ $168.27
Brent Crude Oil: ↑ $65.72
** US Rig Count ([link removed])
: ↑ 517
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