Your Morning Energy News
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MORNING ENERGY NEWS | 06/08/2021
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** They would rather see you on a subsistence dole than earning your full potential powering society.
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Marcellus Drilling News ([link removed]) (6/7/21) reports: "Pennsylvania’s Democrats are having trouble selling the Regional Greenhouse Gas Initiative (RGGI), a carbon tax aimed at shutting down PA’s coal and natural gas-fired power plants, and by extension shutting down many shale-related jobs in the state. The Dems can’t paper over the fact that RGGI will spell massive layoffs. So what do they propose? Government handouts to those who get laid off, paying them literally pennies on the dollar in government welfare checks in return for 'saving the planet' by shuttering coal and gas-fired plants (and putting people out of work). That’s the brilliant solution proposed in a bill offered up by southeast PA state Senator Carolyn Comitta (D-Chester County)."
** "America's emissions are the lowest since the dawn of the industrial revolution. That means something."
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– PA State Sen. Gene Yaw ([link removed])
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Try not to laugh.
** Wall Street Journal ([link removed])
(6/4/21) reports: "This windswept desert community is full of clean energy supporters including Suzanne Rebich, an airline pilot who recently topped her house with 36 solar panels. About 200 homes generate their own solar energy and a quarter of the local electricity supply comes from hydroelectric power. All the same, many here are dead set against a planned solar plant atop the Mormon Mesa, which overlooks this valley 50 miles northeast of Las Vegas. Slated to be the biggest solar plant in the U.S., the Battle Born Solar Project by California-based Arevia Power would carpet 14 square miles—the equivalent of 7,000 football fields—with more than a million solar panels 10 to 20 feet tall. It would be capable of producing 850 megawatts of electricity, or roughly one-tenth of Nevada’s current capacity. 'It will destroy this land forever,' Ms. Rebich, 33, said after riding her bicycle on the 600-foot high mesa...These large projects are increasingly drawing opposition from environmental
activists and local residents who say they are ardent supporters of clean energy. Their objections range from a desire to keep the land unspoiled to protection for endangered species to concerns that their views would no longer be as beautiful."
Follow the money.
** ([link removed])
The head of every bureaucracy thinks the same thing... 🙄
** The Hill ([link removed])
(6/7/21) reports: "Craig McLean, the acting chief scientist for the National Oceanic and Atmospheric Administration (NOAA), on Monday lamented what he said was insufficient funding for the agency to achieve its mandate. 'NOAA is a $12 billion agency trapped in a $5-and-a-half billion budget,' McLean said Monday in testimony before the House Science, Space and Technology Committee’s Subcommittee on the Environment. 'When I compare [the agency's budget] to all of the obligations we have … when I stack all of those authorizations up and what we’re supposed to be doing, we just can’t afford to do them all.' 'We don’t work in isolation, we’re not a solo act as a federal agency,' he added. 'To fill … gaps we need more resources than we have available.'"
Energy Markets
WTI Crude Oil: ↑ $69.33
Natural Gas: ↑ $3.17
Gasoline: ↑ $3.06
Diesel: ↑ $3.20
Heating Oil: ↓ $211.36
Brent Crude Oil: ↓ $71.45
** US Rig Count ([link removed])
: ↓ 519
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