Your Morning Energy News

View this email in your browser ([link removed])
MORNING ENERGY NEWS | 05/26/2021
Subscribe Now ([link removed])


** Your daily reminder that if these guys really believe that climate change is an existential threat to humanity, they would have fixed this by now...
------------------------------------------------------------
Real Clear Energy ([link removed]) (5/24/21) column: "Campaign promises have a habit of getting lost in the crowds on inauguration day, never to be seen again. Joe Biden’s commitment to making American electricity 100% carbon pollution-free by 2035, however, has survived to become an official White House target. Despite this resilience, the Biden clean energy effort will inevitably hit a bureaucratic snag due to the National Environmental Policy Act (NEPA). To achieve his environmental goals while providing consumers with stable electricity, Biden needs to take the climate fight to NEPA and its byzantine review process...Despite the legislation’s basic, common-sense agenda, NEPA has become a convenient tool for opponents of infrastructural expansion to stall development through lengthy and expensive court cases. Given the risk of drawn-out litigation, EAs and EISs have become
mammoth tasks that can take years upon years to complete. For example, EISs that were published in 2018 were already 4.9 years in the making...Unless Joe Biden got a head-start on the EIS process while he was vice president, he’ll need to tackle NEPA now to oversee a renewable energy boom as president."


** "The academics and bureaucrats who create models that claim we can run the global economy solely on renewable energy live in a different world than you and me. In their world, there is no shortage of money, land, or commodities like copper, cobalt, and lithium."
------------------------------------------------------------


– Robert Bryce, Foundation for Research on Equal Opportunity ([link removed])

============================================================

If time is money, how much cheaper is it really to "fill" your EV?

** Car And Driver ([link removed])
(5/24/21) reports: "Since unveiling its first all-electric pickup last week, Ford has been repeating the message that the F-150 Lightning does work. No where is that more obvious than in the F-150 Lightning Pro, a commercial customer trim version Ford is announcing today. Unsurprisingly, most of the Lightning Pro’s technical features are shared with the consumer Lightning. That means the same battery options of either the standard pack that should get 230 miles or an extended-range battery for 300 miles, the same 14.1 cubic feet frunk, and, perhaps most important for fleet operators trying to get jobs done (other than the vinyl seats) is the ability to run tools right from the truck...How much energy you can put into the pack depends on the charger used. With the standard-range F-150 Lightning Pro and the included 32-amp mobile charger, refilling the battery from 15 to 100 percent at 240 volts takes 14 hours. The time drops to 10 hours with the optional 48-amp Ford Connected Charge Station
or the 80-amp Ford Charge Station. On a 150-kW DC fast charger, going from 15 to 85 percent full takes 44 minutes (all times are longer with the extended range battery)."

Memo to Joe: ThJoe must have missed the memo about the Keystone XL being almost finished.

** ([link removed])

Defunding is a two-way street.

** Axios ([link removed])
(5/25/21) reports: "More than a dozen Republican state treasurers are threatening to pull assets from large financial institutions if they agree to decarbonize their lending and investment portfolios, Axios has learned. The Biden administration — led by special presidential climate envoy John Kerry — has leaned on the banks to help reduce U.S. carbon emissions. That's prompted GOP lawmakers to criticize efforts to 'de-bank' fossil fuel firms. The treasurers collectively control hundreds of billions worth of assets. Fifteen of them, led by coal-heavy West Virginia, say they're prepared to use this financial muscle to push back. The effort includes treasurers from other states with large energy industry presences such as North Dakota, Kentucky, Pennsylvania and Oklahoma. The state officials sent a letter on Tuesday to Kerry, who's leading the administration's efforts to enlist banks in its climate policy fight. 'We intend to put banks and financial institutions on notice of our position, as
we urge them not to give in to pressure from the Biden administration to refuse to lend to or invest in coal, oil and natural gas companies,' the officials wrote."

Energy Markets


WTI Crude Oil: ↓ $65.64
Natural Gas: ↑ $2.93
Gasoline: ~ $3.03

Diesel: ~ $3.17
Heating Oil: ↓ $202.91
Brent Crude Oil: ↓ $68.30
** US Rig Count ([link removed])
: ↑ 514



** Donate ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Friend on Facebook ([link removed])
** Friend on Facebook ([link removed])
** Follow on Twitter ([link removed])
** Follow on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 900 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])