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MORNING ENERGY NEWS  |  7.17.2019
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The contempt these elites have for regular folks is palpable. 


BBC (7/16/19) reports: "France's Environment Minister François de Rugy has announced his resignation after being accused of extravagant spending, including on private dinners...The Mediapart website accused him of hosting friends to luxury dinners, featuring lobster and vintage wines, while he was speaker of parliament, and spending public money to refurbish his government-provided apartment...Mr de Rugy acknowledges hosting the meals, saying it was normal for the National Assembly's speaker, but has pointed out that he does not like lobster. 'I don't like it, I don't eat it, I have an intolerance for shellfish,' he previously told BFMTV. 'I don't like oysters... I hate caviar, and champagne gives me a headache.'"


See above... 


The Guardian (7/16/19) reports: "The true cost of cheap, unhealthy food is a spiraling public health crisis and environmental destruction, according to a high-level commission. It said the UK’s food and farming system must be radically transformed and become sustainable within 10 years. The commission’s report, which was welcomed by the environment secretary, Michael Gove, concluded that farmers must be enabled to shift from intensive farming to more organic and wildlife-friendly production, raising livestock on grass and growing more nuts and pulses. It also said a National Nature Service should be created to give opportunities for young people to work in the countryside and, for example, tackle the climate crisis by planting trees or restoring peatlands...The commission criticized decades of government policy aimed at making food cheaper, fuelling rising obesity and other health problems. 'The true cost of that is simply passed off elsewhere in society – in a degraded environment, spiraling ill health and impoverished high streets,' said the report."

"In the end, the ocean pollution won’t be solved by largely symbolic plastics bans anyway...this issue really isn’t about solving problems, it’s about an ideologically driven crusade against plastics and consumer freedom."

 

– Angela Logomasini,
Competitive Enerprise Institute

Homeless shelters: enemy of the environment. 


Reason (7/15/19) reports: "In the most played-out storyline in urban politics, San Francisco residents are alleging that a new housing development was approved without appropriate environmental review. The development in question is a planned 200-bed temporary homeless shelter on the city's Embarcadero waterfront area. It would replace what is currently a publicly owned parking lot used by fans visiting the nearby Giants stadium...But in a lawsuit filed last week, the neighborhood group Safe Embarcadero For All (SEFA) has argued that the many, many negative environmental impacts the project would bring to the neighborhood amounted to 'unusual circumstances' that made this infill exemption inappropriate."

What could possibly go wrong?

"You either want a plastic straw ban, or you're literally Hitler." The state of modern discourse. 


The Boston Herald (7/16/19) editorial: "Carbon emissions are soon to become the latest portal the state uses to reach the wallets of Massachusetts taxpayers. A bill is gaining momentum on Beacon Hill that would place a fee on carbon emissions produced by fossil fuels....Proponents cannot be bothered by the facts, though. Executive Director Michael Green of Climate XChange, a non-profit with a mission to fight climate change, countered that the study doesn’t include the cost of 'climate inaction.' In other words, doing a dumb thing is still better than doing nothing and those are absolutely our only two choices. You either want a carbon tax, straw ban, water bottle ban and styrofoam ban or you are a climate denier. Furthermore, since climate change is purportedly the new World War II, if you are not all in you are allied with the Axis forces. Straight out of the AOC playbook. No to the carbon tax. It’s just another tax under a trendy name."

So, who exactly is the job creator, Dan? The solar industry or the federal taxpayer? 


E&E News (7/17/19) reports: "The solar industry is kicking off a new lobbying and advertising campaign to extend federal tax credits that have undergirded its growth for more than a decade. Representatives from the Solar Energy Industries Association made the case for the extension today in a letter to Congress signed by over 900 companies, ticking off the policy's bona fides as a job creator and generator of private investment...The 30% credits for investment in utility-scale and residential solar systems start stepping down at the end of this year to 21% by 2021. The year after, the residential credit disappears, while the utility-scale credit stays in place indefinitely at 10%. SEIA wants a multiyear extension of the credit at its 30% level. Dan Whitten, SEIA vice president of public affairs, said the group sent out a note to members asking them to sign onto the letter. 'We didn't do any wrangling,' he said."

Energy Markets

 
WTI Crude Oil: ↑ $57.94
Natural Gas: ↑ $2.32
Gasoline: ~ $2.79
Diesel: ~ $3.01
Heating Oil: ↑ $191.91
Brent Crude Oil: ↑ $64.90
US Rig Count: ↓ 996

 
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