Can we get this recall going?

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MORNING ENERGY NEWS | 05/27/2021

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Get that recall on the road before Gavin can do any more damage.

California Political Review (5/25/21) column: "Gavin Newsom signed AB 5 to kill hundreds of thousands of California jobs. We have the highest unemployment rate in the nation—except for Hawaii which depends on tourism. He has been trying to close the oil industry in the State. Now he is going after airplane fuel—forcing the closing of refineries in the Bay Area—thus forcing airlines to buy fuel from terrorist nations. With the availability of affordable jet fuel critical to aircraft operations and the sustenance of the Bay Area economy and considering that jet fuel is the second largest cost of running an airline, there should be concern from the Governor’s office about how the Rule 6-5 proposal could impact air service levels—and employment—in California. The proposed rule would cause Bay Area refineries to shut down, as the means and cost to comply would be prohibitive to their refinery operations. If that were to occur, it would greatly constrict the Bay Area jet fuel supply, cause fuel delivery delays, reduce fuel quality and raise jet fuel prices just as demand for air travel returns and our nation emerges from the COVID-19 crisis. Further, it leads to greater import dependence from foreign countries located hallway around the world and ultimately raise fuel prices not only in the Bay Area but also at other west coast locations and areas further inland linked by pipeline. The consequences would extend beyond the airlines to their customer base and their entire supply chain, including regional airports and the shipping public."

"Rather than starving public lands of resources, we hope the Biden administration will join us in upholding the coexisting relationship Congress created between oil and natural gas and maintenance of national parks, wetlands, and other public lands by lifting the ban on leasing."

– Kathleen Sgamma,
Western Energy Alliance

Internships are available for youth climate warriors.

Deseret News (5/23/21) reports: "'Our children are dying like dogs.'That is the sorrowful statement of one Congolese mother whose son and cousin died while working the cobalt mines in the Democratic Republic of Congo. She and other parents like her are part of a class-action lawsuit filed in U.S. federal court in Washington, D.C., in 2019 seeking to hold Apple, Alphabet (the parent company of Google), Dell Technologies, Microsoft and Tesla accountable for what they allege is profiting off the misery of child labor in their quest for cobalt. 'Cobalt is a key component of every rechargeable lithium-ion battery in all of the gadgets made by defendants and all other tech and electric car companies in the world that has brought on the latest wave of cruel exploitation fueled by greed, corruption and indifference to a population of powerless, starving Congolese people,' the suit reads...But the lawsuit insists companies are simply turning a blind eye to the egregious abuses that include children killed in tunnel collapses or losing limbs or suffering from other horrific injuries caused by mining accidents."

The Canadian carbon tax doesn't work, but good luck getting it repealed.

Asian Pacific Post (5/25/21) column: "Emissions are going up in British Columbia, despite having the highest carbon tax in Canada. Since we all miss going to concerts, let’s put this into a West Coast grunge style. Everything is not Zen if we keep making people pay carbon taxes to reduce emissions while emissions keep going up. Government documents show that emissions in B.C. have gone up from 59.2 megatonnes in 2015 to 65.7 megatonnes in 2019. An 11 per cent increase in four years. This is despite B.C. taxpayers having handed over more than $14 billion in the carbon tax with no emissions reductions to show for it. Tax revenues keep sloshing into government coffers in an even flow. Taxpayers are paying nearly $2 billion in the B.C. carbon tax this year alone. If you didn’t hear about any of this, there’s a reason for that. The government and the opposition parties don’t want you to know that you’re getting ripped off. Prime Minister Justin Trudeau’s government quietly posted the emissions data on the United Nations website last month. Trudeau didn’t even do a mic check announcing it. It’s theatre quiet in the opposition seats, too, since Conservative Party Leader Erin O’Toole joined the chorus singing the praises of B.C.’s second carbon tax."

Biden is taking an old trick, trading energy independence for dependence on hostile regimes, but with a new twist.

FrontPage Magazine (5/25/21) reports: "Biden's infrastructure scam was spending $115 billion on repairing roads, bridges, and tunnels, and $174 billion on electric cars for the rich. That includes electric car chargers that cost as much as $260,000 each. But Biden was going around the country billing this as a 'Future Made in America' because it was all going to be done in the United States. Unsurprisingly, he lied. The first step of the process is getting the raw materials and those are not coming from America...Environmentalists (funded by China) First, American Workers Last. The plans will be a blow to U.S. miners who had hoped Biden would rely primarily on domestically sourced metals, as his campaign had signaled last autumn, to help fulfill his ambitions for a less carbon-intensive economy. The United Mine Workers, in yet another futile effort to get workers to vote for Biden, touted his 'climate' plan that would end coal, but create exciting new green jobs. Except, as usual, those jobs won't be coming. Not to America anyway."

Energy Markets

WTI Crude Oil: ↓ $66.15
Natural Gas: ↓ $3.00
Gasoline: ↑ $3.04

Diesel: ↑ $3.17
Heating Oil: ↓ $203.28
Brent Crude Oil: ↓ $68.60
US Rig Count: ↓ 511

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