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MORNING ENERGY NEWS  | 05/21/2021
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Burning money in pursuit of goals backed by no hard data. Another successful day at the EPA.


AIER (5/20/21) blog: "Modern science suffers from an irreproducibility crisis in a wide range of disciplines—from medicine to social psychology. Far too often scientists cannot reproduce claims made in research...How skewed science afflicts government regulation can be revealed by looking at how research is used by the Environmental Protection Agency to regulate outdoor air quality...A perfect example is estimated costs requiring ships to use 'cleaner fuel' with less sulfur to reduce sulfur dioxide emissions. The EPA argued that the move to low-sulfur ship fuel could prevent 14,000 deaths each year by 2020...Yet a growing body of research fails to support the EPA’s argument...Americans may be paying over $1 trillion per decade to satisfy a regulation with no real scientific foundation or public health benefit! The EPA issues an extraordinary number of regulations, which affect every area of the economy and constrict everyday freedoms. If the long-term cost of one regulation on one industry amounts to $1 trillion, the cost of many regulations on every industry is uncountable trillions."

“In subordinating American energy independence to a quixotic effort to micromanage the planet’s climate, the Biden administration is engaging in a folly of breathtaking proportions." 

 

– Bonner Cohen,
National Center for Public Policy Research

Perhaps now we can dispel the myth a carbon tax will somehow help workers.


Marcellus Drilling News (5/20/21) reports: "In March 2020, just as the COVID-19 pandemic was beginning to enter the public consciousness, some 500 people from labor unions and industry met in Pittsburgh to launch an organization called Pittsburgh Works Together (PWT), dedicated to fighting back against those who want to end southwest PA industries including steel, natural gas, and petrochemicals (see CNX CEO Backs New SWPA Group to Counter 'Elites and Extremists'). The alliance is going strong and has just condemned PA Gov. Tom Wolf’s plan to force the state to join the Regional Greenhouse Gas Initiative (RGGI), nothing more than an obscene carbon tax on coal and gas-fired power plants."

Biden likes Pipelines for Europeans, but not for Americans. 


One News Now (5/21/21) reports: "'The Biden administration is imposing new sanctions on Russian companies and ships for their work completing a European natural gas pipeline long opposed by the U.S., but will waive any similar penalties against the German company running the project....We like pipelines in the U.S. a whole lot and we're inclined to let people outside the U.S. worry about their own pipelines – although this Nord Stream 2 [project] is a bit worrisome in that it helps Russia gain greater monopoly over energy supplies to northern Europe and Germany in particular'" says David Kreutzer of Institute for Energy Research. 'So, that has geopolitical ramifications.' Pointing to recent comments from U.S. Energy Secretary Jennifer Granholm that pipelines are the 'best way' to transport fuel, Kreutzer says this project in Europe diminishes America's export potential. 'We have been building up export facilities for liquified natural gas and northern Europe was one of the markets,' Kreutzer explains. 'It was to help wean them off of dependency on autocratic Russia...[But] this is just bizarre. It's like [President Biden] hates American energy and loves energy coming from places with dictators.'"

Since she just recently found religion on the importance of pipelines, maybe Secretary Jenny can give her fellow governor some advice.


National Review (5/20/21) column: "Former Michigan governor Jennifer Granholm’s response, as the U.S. Secretary of Energy, to the closure of one pipeline appears to be at odds with the plans of her Democratic ally and current governor of Michigan, Gretchen Whitmer. Granholm, while scrambling to address a cyberattack-induced closure of a major East Coast pipeline, said in a press briefing that 'pipe is the best way' to transport fuel. But Whitmer is attempting to forcibly close a regionally important pipeline. One of them is wrong. In praising pipelines, Secretary Granholm publicly undercut President Biden’s policy of shuttering major pipeline projects. Unfortunately, during the press briefing, she also made light of fuel shortages, noting that 'if you drive an electric car, this would not be affecting you.' The secretary’s comment clearly ignores the fact that electric-vehicle owners were similarly affected during the rolling blackouts that struck Texas in February or the seemingly annual spate of summer blackouts that now plague California. Of course, as we move further along the road toward the 'green energy' policies pushed by the Biden administration, these EV-stopping blackouts will affect a growing number of Americans."

If you oppose a carbon tax, take a stand and contact us.

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: ↑ $63.38
Natural Gas: ↓ $2.91
Gasoline: ~ $3.04
Diesel: ~ $3.17
Heating Oil: ↑ $199.19
Brent Crude Oil: ↑ $66.32
US Rig Count: ↓ 506

 

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