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MORNING ENERGY NEWS | 10.8.2019
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** Of the 'tolerant' left.
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The College Fix ([link removed]) (10/7/19) reports: "When a meteorologist blogged against a carbon tax proposal supported by his fellow faculty members, he quickly became a target for climate activists, students and colleagues on campus. The University of Washington’s Cliff Mass, a professor of atmospheric sciences with his own weekly weather segment on public radio, accused the College of the Environment of “serious violations of freedom of speech and academic freedom” on his blog last week. While his colleagues used their UW affiliations to promote Initiative 1631, a carbon tax proposed by Democratic lawmakers that failed at the ballot box last November, Mass claims that his opposition “had no connection” to the university. His personal posts against I-1631 led to a social media campaign by UW students calling him 'racist, misogynistic, a climate denier' and worse, Mass wrote.
The Atmospheric Sciences Department even held a meeting where colleagues and students shamed him for his views, according to the professor, with one issuing “a direct threat.” He characterized it as 'more like a spectacle at the Roman Coliseum than an academic proceeding at a leading research university.' Mass told The College Fix that he was the only professor at the University of Washington that actively opposed the measure, as far as he knows. He is 'unsure' whether he will seek legal counsel to consider his options against UW officials."


** "Capitalism, prosperity, freedom – these things are worth fighting for, and we must hope that we never wake up one day and see that America was lost on our watch."
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–Daniel Turner, Power The Future ([link removed])

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People will tell themselves anything.

** Reuters ([link removed])
(10/4/19) reports: "Travelers are willing to pay more for flights if they believe the extra money will be used to tackle carbon emissions, researchers said on Friday. Passengers were more likely to book flights that carried an extra fee if it was labeled as carbon offset than if it was called a carbon tax, researchers at the University of British Columbia found. Offsetting aims to mitigate the climate damage carbon emissions cause by paying to prevent or reduce emissions elsewhere. 'Taxes feel like you’re charging people money for nothing,' said David Hardisty, an assistant professor of marketing and behavioral science at UBC Sauder School of Business. 'Whereas an offset is the idea that, ‘Sure we’re paying, but we kind of have an idea where that payment is going, to make the environment better,’ which is what people want.' The findings were published this week in the Journal of Environmental Psychology and suggest a possible way for the global airline industry, under pressure over carbon
emissions, to improve its record."

Thank you for saying what we were all thinking.

** Red State ([link removed])
(9/30/19) reports: "Former Top Gear host, Jeremey Clarkson, has had it when it comes to self-righteous youngsters pointing fingers at his generation and proclaiming they’ve doomed everyone else with 'climate change.' Writing a column for The Sun, Clarkson aimed his ire at 16-year-old Greta Thunberg who gave a speech at the United Nations, chastizing previous generations for their carelessness and claiming that they stole her 'dreams and her childhood.' While the media made this speech out to be one of the greatest ever heard, many thought it misguided, if not ridiculous...Clarkson tells Thunberg that she is, indeed, a spoiled brat thanks in part to her parents doing everything she ordered them to do instead of telling her how the world really works and not everyone gets what they want. "

The tide that lifts all boats.

** BIC Magazine ([link removed])
(10/1/19) column: "The U.S. is experiencing a manufacturing renaissance resulting from a surge in domestic oil and natural gas production. The strength of this energy revolution is seen in API's latest monthly statistical report, with U.S. crude oil exports setting a new monthly record at 3.3 million barrels per day (mb/d), which represents growth of 1.1 mb/d over last year's data. Moreover, U.S. petroleum net imports fell to 1.3 mb/d from 2.9 mb/d. Combining oil and gas, the U.S. is now a net exporter of petroleum products, able to meet domestic demand and help satisfy needs around the world...The unique opportunities presented by the manufacturing renaissance are the result of innovations in technology and the U.S. energy sector, and these opportunities have and will continue to create quality jobs and strengthen U.S. energy and national security. However, we must be vigilant never to forget what has always made this country great: the American spirit, entrepreneurism, self-reliance and
economic freedom that grew our capitalist society to its greatest heights. Capitalism is the premier economic system because it provides limitless opportunity and encourages innovation, like the innovation that has turned our energy and petrochemical markets 180 degrees in a short decade."

Energy Markets


WTI Crude Oil: ↓ $51.92
Natural Gas: ↓ $2.31
Gasoline: ↓ $2.64

Diesel: ↓ $3.00
Heating Oil: ↓ $188.17
Brent Crude Oil: ↓ $57.56
** US Rig Count ([link removed])
: ↓ 886



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