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MORNING ENERGY NEWS | 04/28/2021
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** Tach it up, tach it up, Newsom's gonna shut you down.
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Wall Street Journal ([link removed]) (4/27/21) reports: "President Biden has been taking his climate cues from California, which is why Gov. Gavin Newsom’s order banning fracking late last week is sure to cause tremors beyond the state’s borders. 'The climate crisis is real, and we continue to see the signs every day,' Mr. Newsom said. 'As we move to swiftly decarbonize our transportation sector and create a healthier future for our children, I’ve made it clear I don’t see a role for fracking in that future and, similarly, believe that California needs to move beyond oil.' Legislation that would have banned hydraulic fracturing, otherwise known as fracking, and curtailed most oil production in the state’s Central Valley died in the state Senate earlier this month due to opposition from moderate Democrats and trades unions. Leftwing groups then turned up the heat on Mr. Newsom. With a recall election now all but
certain, the Governor doesn’t want to give anyone on the left reason to challenge him. As recently as last fall the Governor asserted he couldn’t ban fracking by fiat. 'We simply don’t have that authority,' he said. He was right. Prohibiting fracking at once would also violate the Constitution’s takings clause and require the state to compensate drillers and landowners."

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** "If lawmakers want to solve their budget headache, maybe they should start by stripping out all the unrelated waste and partisan spending in President Biden’s multi-trillion-dollar “infrastructure” proposal before they squeeze more out of the working class."
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– Brad Polumbo, Foundation for Economic Education ([link removed])

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The most destructive PSYOP in modern history.


** Real Clear Energy ([link removed])
(4/27/21) column: "A puzzle of contemporary society is the broad acceptance by young people – Millennials and Generation Z – of their lot. True, they haven’t been conscripted to fight an inglorious war as the early Baby Boomers were in Vietnam. But in many other respects, they have strong grounds for feeling shortchanged...The climate of opinion surrounding climate change is a powerful social force – indeed, the most powerful one in the West today. It acts independently of the facts and the science of climate change. It is nothing short of a calamity for Millennials and Gen Z, yet its construction is designed to appeal to them: it grants them a halo of climate victimhood while hiding the truth from them. They are indeed victims; their prospects already blighted by the financial crisis and the accumulation of massive public debts, theirs is the generation that will bear the main burden of climate change policies. Decarbonization will suck the oxygen out of already weakened economies.
Millennials and their children won’t benefit from climate policies; only those born in the second half of this century will begin to see any net benefits. A spiral of silence – a uniquely egregious form of climate denial – prevents young adults from perceiving these realities. They have been disarmed in the fight for their own economic interests. Unless they cast off the invisible bonds of parental tyranny, they will remain the principal victims of climate change."

Who are the real science deniers.

** ([link removed])

The big guys can grovel for higher taxes all they want, but the greens have already moved way past 'market-based' solutions.

** Financial Times ([link removed])
(4/25/21) reports: "After four years in which Donald Trump’s regulatory bonfire cast the US as an environmental pariah, the country is back in the global fold and committed to tackling climate change. In his first three months in office, Joe Biden has rejoined the Paris climate agreement, scuppered a controversial oil pipeline, suspended fossil fuel leases on public land, proposed unprecedented investment in clean energy, and started to reverse many of his predecessor’s regulatory rollbacks. But one climate policy tool championed by some US environmentalists — and increasingly by industry groups — is conspicuous by its absence from the Biden overhaul: a carbon price. 'We are no longer seeing climate policy conversations revolve around a carbon price,' says Lindsey Walter, deputy director of the climate and energy programme at Third Way, a centrist Washington think-tank. 'As far as the mainstream conversations go — and what it seems that the White House has been pushing for — it’s really not
there.'"

Energy Markets


WTI Crude Oil: ↑ $63.71
Natural Gas: ↑ $2.92
Gasoline: ~ $2.88

Diesel: ~ $3.07
Heating Oil: ↑ $192.60
Brent Crude Oil: ↑ $67.08
** US Rig Count ([link removed])
: ↑ 529



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