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MORNING ENERGY NEWS | 05/14/2021
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** Their agenda has never had to do with carbon concentrations and has always been about controlling what kind of energy is produced.
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Washington Examiner ([link removed]) ([link removed]) (5/12/21) reports: "Left-wing climate activists are stepping up their opposition to policies from top Democrats promoting nuclear energy and carbon capture, signaling a tough debate as the Biden administration advances legislation to curb power sector emissions. Hundreds of environmental and grassroots groups, including national groups such as Friends of the Earth, Center for Biological Diversity, and the Indigenous Environmental Network, sent a letter to lawmakers Wednesday calling on them to pursue a national standard requiring 100% renewable power by 2030. It’s a rebuttal to the clean electricity standard policy favored by the Biden administration, top House Democrats, and many more centrist environmental groups that calls for carbon-free power by 2035 but allows resources such as nuclear energy, carbon capture and storage, and even
natural gas to play a role in meeting the requirements. 'Shifting the U.S. grid to zero emissions by 2030 is supported by leading climate scientists and consistent with the domestic carbon reductions to meet the U.S.’s historical climate debt and equitable fair share to limit global warming to 1.5 degrees Celsius, without carbon market mechanisms,' the groups wrote. The fight over whether to rely solely on renewable energy has been simmering largely behind the scenes among environmental groups and Democrats in recent months."


** "If President Biden really wants to be transformative—and leave America with a 21st-century infrastructure—he’d call for sinking the Jones Act once and for all."
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– Wall Street Journal Editorial Board ([link removed])

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Never underestimate how much the government can take a bad problem and make it much, much worse.

** The American Spectator ([link removed])
(5/13/21) column: "On Friday, May 7, the Colonial Pipeline had to stop operations to contain the effects of a cyberattack. The pipeline, which stretches from the Gulf Coast to the Northeast, can deliver 2.5 million barrels per day and is one of the primary ways transportation fuels are delivered to the East Coast. Until the pipeline resumes operations, parts of the Southeast will have to rely on their current inventories and supplies obtained from the smaller Plantation Pipeline, which stretches from the Gulf Coast to Washington, D.C. In the days since the pipeline closed, the national average price of gasoline has risen, and some areas have experienced gasoline shortages. Although the closure of the pipeline is a major disruption of our ability to physically deliver gasoline to the Southeast and is the root cause of these shortages, the problem is greatly worsened by bad public policy. Two policies that are exacerbating shortages are local price-gouging laws and the Jones
Act...Price-gouging laws and the Jones Act are both making a bad situation worse by hampering our society’s ability to respond to the temporary closure of the Colonial Pipeline. Price-gouging laws send consumers the wrong signals about the scarcity of gasoline, which leads to shortages. The Jones Act is preventing foreign ships from stepping in and helping to transport the fuels that the Colonial Pipeline typically delivers to the East Coast. Both policies routinely impact our ability to respond to emergency situations. They should be abolished."

No gas for thee, but a Gulfstream for me.

** Wall Street Journal ([link removed])
(5/13/21) column: "Energy Secretary Jennifer Granholm took to CNN this morning to assure a nervous public that “the gas is flowing” and now tweets that 'it’s a great relief that #ColonialPipeline Company is resuming full operations'. 'I totally understand the fear that people have to not be able to go somewhere in an emergency,' said Ms. Granholm on CNN. Some consumers may be wondering why the 62-year-old energy secretary and former governor of Michigan is just now discovering the value of fossil fuels in supporting life and human flourishing...Here’s hoping that Michigan’s former governor is sincere in expressing a new understanding of the need for plentiful and reliable petroleum supplies...Even beyond Gov. Whitmer’s attempt to exercise a power that the state’s Democratic attorney general says she doesn’t have, there is naturally the question of why a politician would choose this of all moments to draw attention to her effort to close an energy pipeline. Perhaps the media alternative
could be even worse. 'Gov. Whitmer is still struggling to answer basic questions about her recent trip to Florida, and who paid for the private jet she took (other than saying it wasn’t at taxpayer expense),' notes the indispensable Ingrid Jacques on Twitter. This column recently noted that Gov. Whitmer defied her own Covid travel advisory to make the trip. Now there are questions about who facilitated her conspicuous consumption of fossil fuels."

If you know how to play the angles, climate activism can be a sweet gig.

** Watts Up With That ([link removed])
(5/14/21) reports: "A major bombshell dropped today about the nationally coordinated climate litigation campaign after it was revealed that Naomi Oreskes – the Harvard researcher and well-known 'Exxon Knew' activist – is on retainer with Sher Edling, the plaintiffs’ law firm serving as the outside counsel for more than a dozen states and municipalities that have filed climate lawsuits around the country. The New York Times previously reported that Oreskes 'conceived' the infamous 2012 La Jolla conference where the playbook for the entire campaign was developed in her role as co-founder of the Rockefeller-funded Climate Accountability Institute. Now Oreskes has gone from planning the litigation campaign to becoming a full-on participant in these lawsuits, as CNN reports: 'The company said Naomi Oreskes, one of the main authors of the study, is on retainer with a law firm that is leading lawsuits against Exxon and others in the industry. Exxon called this a ‘blatant conflict of interest.’
Oreskes was not immediately available for comment.' This revelation came out today in coverage that was focused on a new study from Oreskes and fellow Harvard researcher and activist Geoffrey Supran that aimed to undermine the energy industry through a blatantly biased and subjective examination of ExxonMobil’s public communications under the guise of 'peer-reviewed' research. Yet Oreskes, nor her colleague Supran, did not disclose this business relationship with Sher Edling in numerous interviews published on the study, a clear attempt to hide the conflict of interest as they published yet another piece of research with the goal of supporting climate lawsuits."

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: ↑ $64.82
Natural Gas: ↑ $2.98
Gasoline: ↑ $3.03

Diesel: ↑ $3.16
Heating Oil: ↑ $202.27
Brent Crude Oil: ↑ $68.11
** US Rig Count ([link removed])
: ↓ 529



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