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MORNING ENERGY NEWS | 04/26/2021
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** Even Russell Gold thinks this is far-fetched.
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Wall Street Jounral ([link removed]) (4/23/21) reports: "Meeting President Biden’s goal of sharply reducing U.S. greenhouse-gas emissions by 2030 would require dramatically reshaping key sectors of the economy. While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change. Some segments of the economy appear to be ready. Others would face extraordinary challenges. All would face significant new costs—exactly how much is unknown—and it is unclear how much would be subsidized by government tax policies or incentives, since the Biden administration has yet to detail how it would seek to reach the aggressive new goal...At an Earth Day climate summit this week, Mr. Biden called for slashing U.S. greenhouse gas emissions by 50% to 52% compared
with the baseline year of 2005, as he seeks to put America at the forefront of world-wide efforts to combat climate change.Mr. Biden’s target is a significant ratcheting up of the goal articulated by former President Barack Obama —a 26% to 28% cut by 2025—to help put the U.S. on a path to comply with the Paris agreement, which seeks to limit average global temperature increases to 1.5 degrees Celsius above preindustrial levels."
** "Journalists keep talking about a future without ice, about ice-free summers in the Arctic, and casually throwing in 'sea level rise if x were to melt completely' as if x was in any danger of melting away entirely over anything but geological time frames. This places the completely wrong ideas in their readers’ heads and gravely misinforms the public about the world. Doctors abide by the 'First, do no harm' promise. Maybe journalists should too."
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– Joakim Book, American Institute for Economic Research ([link removed])
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Really outstanding numbers demonstrating the publics' profound interest in the climate crusade.
** American Thinker ([link removed])
(4/23/21) reports: "Joe Biden's director for intelligence just declared climate to be front and center of American foreign policy. Biden himself calls climate 'the existential crisis of our time.' And with Biden's big climate summit featuring top world leaders as it played live, with all its fancy Zoom graphics and summit pageantry, how many viewers did he draw? That's some existential crisis of our time that you've got there, Joe, drawing that great big crowd of 200, for an event featuring China's President Xi Jinping, Russia's President Vladimir Putin, Pope Francis, Greta Thunberg, plus the Davos corporate crowd, and assorted union bigs. Whole lot of virtue-signaling there, for that viewership of 200. Sound like anyone's alarmed? A YouTube video on washing machine repair drew 53,000 viewers. A Georgia-based singing peasant group, complete with babushka scarves and a donkey, drew 3 million viewers. And Joe, at least for the time he was speaking? Probably the same 200 who attended his
rallies. Who were the 200 who sat through the YouTube to listen to pathetic Joe? Perhaps bureaucrats who had to watch as part of the job? Or was it the press whose unlucky denizens got stuck covering it?"
Yeah, "high-profile" summit...
** ([link removed])
If you're installing solar panels, they probably started their life in one of China's climate camps.
** The Guardian ([link removed])
(4/25/21) reports: "Solar projects commissioned by the Ministry of Defence, the government’s Coal Authority, United Utilities and some of the UK’s biggest renewable energy developers are using panels made by Chinese solar companies accused of exploiting forced labour camps in Xinjiang province, a Guardian investigation has found. Confidential industry data suggests that up to 40% of the UK’s solar farms were built using panels manufactured by China’s biggest solar panel companies, including Jinko Solar, JA Solar and Trina Solar. These firms have been named in a recent report on the internment of more than 1 million men and women from the Muslim Uyghur community, in what UK MPs on Thursday voted to describe as genocide. Companies with factories or major suppliers in Xinjiang produce about a third of the polysilicon material used to make the world’s solar panels, according to a detailed report by the US consultancy Horizon Advisory. China is the world leader in polysilicon production. The
report found that Chinese solar companies had ties to indicators of forced labour in Xinjiang, where Uyghur are interned, via this polysilicon production. China’s repression of the Uyghurs is believed to have developed into systematic detention about 2016, with reports of forced labour emerging from the region in the years since."
Energy Markets
WTI Crude Oil: ↓ $61.52
Natural Gas: ↓ $2.72
Gasoline: ↑ $2.88
Diesel: ~ $3.08
Heating Oil: ↓ $185.91
Brent Crude Oil: ↓ $65.25
** US Rig Count ([link removed])
: ↑ 527
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