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MORNING ENERGY NEWS 5/5/2021
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** Jenny Granholm brings her failed "clean energy" policies to the national stage.
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Michigan Capitol Confidential ([link removed]) (5/4/21) reports: "Since former Michigan Gov. Jennifer Granholm was appointed as U.S. Secretary of Energy, she has made many comments about creating clean energy jobs. 'So what we need to do is to make sure that all parts of the country and their leaders understand that this clean energy economy, that reducing carbon emissions, is a job creator for every corner of the nation,' Granholm said in an interview with National Public Radio. 'So even in coal country, even in gas and oil country, there’s an opportunity for jobs. ... There will be millions of jobs that will be created in clean energy.' Granholm’s comments echo claims she made as Michigan’s governor from 2003 through 2010 about how giving subsidies to alternative energy promoters would create jobs and grow the state economy. It never happened. Granholm boasts of making Michigan the 'clean energy capital of
North America' never came close, and the subsidies she promoted did nothing to reverse job losses inflicted by a one-state recession and the subsequent worldwide financial crisis of the 2000s. There were 596,000 ([link removed]) fewer in jobs in Michigan after Granholm’s eight years in office. Michigan had the nation’s highest unemployment rate from April 2006 through May 2010."
** "While few people would question the motivations or intentions of those advocating for increased recycling, good intentions don’t always make for the best policies. It would be more honest, efficient, and green, and much less expensive to admit that there is often no market for these materials. Doing so would allow us to avoid the added costs and expenditures on personnel and energy for collecting, transporting, separating, washing, and sorting recycled materials."
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– ([link removed]) Jason Hayes, Mackinac Policy Center ([link removed])
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This time renewables are really going to take off!
** Roger Pielke Jr. on Twitter ([link removed])
(5/4/21):
Demand for EVs is sky-high... as long as other people pay for them.
** CTV News ([link removed])
(5/30/21) reports: "According to a survey conducted by autoHEBDO.net, 55 per cent of respondents are open to the idea of buying an environmentally friendly vehicle, but there's a big step between the intention to buy and actually doing so. First, the majority of potential buyers are motivated by government incentives, in 80 per cent of cases. That number means that less than a quarter of the population would be willing to buy a green vehicle at full price. Among those who are motivated to buy an electric vehicle because of government incentives, 44 per cent say the minimum subsidy should be at least $10,000, and 19 per cent say the amount should be between $4,000 and $6,000."
New policies that make housing more expensive. Just what San Francisco needs.
** San Francisco Examiner ([link removed])
(5/28/21) reports: "Electrifying homes currently using natural gas could go a long way in reducing San Francisco's greenhouse gas emissions, but the effort is no small undertaking and could cost up to $5.9 billion, according to a new report. About 38 percent of San Francisco's greenhouse gas emissions comes from natural gas combustion in buildings. In residential buildings, the largest use if natural gas is for appliances like water heaters, furnaces, ovens and laundry dryers. Supervisor Gordon Mar, who requested the budget analyst report, said there is no way for the city to meet its climate goals without electrifying its residential buildings."
Energy Markets
WTI Crude Oil: ↑ $66.34
Natural Gas: ↑ $2.97
Gasoline: ↑ $2.93
Diesel: ↑ $3.09
Heating Oil: ↑ $201.83
Brent Crude Oil: ↑ $69.62
** US Rig Count ([link removed])
: ↑ 528
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