View this email in your browser
MORNING ENERGY NEWS  | 06/10/2021
Subscribe Now

What's going on with the Grand Old Party? Find out on the latest episode of The Unregulated Podcast.

The show is available on all your favorite platforms including Apple Podcasts, Spotify, Sound Cloud, Stitcher, Podbay, Blubrry, and TuneIn.

“Unfortunately, the bill before us attempts not to double down on our own successes, but to pivot to the so-called 'successes' of China by federally hijacking research and development, and crowding out the private incentives that bring successful ideas to market.” 

 

– Senator Mike Lee (R-UT)

In the running for most embarrassing backfires for an environmental group.


Daily Caller (6/9/21) reports: "Environmental group Sierra Club’s Colorado chapter protested an event by an oil and natural gas advocacy organization by flying a gas-powered airplane over it. Colorado Sierra Club used a gas-powered plane to conduct a flyover of a golf outing hosted by the Western Energy Alliance on Monday. The environmental group tweeted a photo of their plane over the event, but deleted the post after receiving criticism for the flyover. '[Western Energy Alliance] hosted a golf outing yesterday to raise money to fight regulations so they can make Coloradans pay for their unplugged gas wells, healthy & safety hazards, and toxic messes,' the environmental group tweeted Tuesday, according to a screen grab of the tweet. 'We did a flyover to show them how Coloradans really felt about it.' Leaders of the energy organization thought it was laughable that an environmental group would waste so much gasoline for the sake of a 'sophomoric' stunt, Western Energy Alliance President Kathleen Sgamma told the Daily Caller News Foundation. 'It’s even more laughable for them to think they speak for any Coloradans other than far left activists opposed to any oil and gas or that we’re unfamiliar with their juvenile rhetoric and need to be schooled in it.'"

A record amount of money for a record amount of red tape.


The Cato Institute (6/7/21) blog "Democrats on the House Transportation and Infrastructure Committee are proposing to increase transportation spending from $305 billion over the last five years to $547 billion over the next five years. Although this is supposed to be a five‐​year bill, it will really be a six‐​year bill spending at least $656 billion, as Congress is never able to pass a major bill during an election year and will simply extend it a sixth year at the then‐​current rate of spending...The proposed bill would increase spending on highways by 54 percent, double spending on transit, and triple spending on Amtrak. Although transit and Amtrak together carried 1.0 percent of passenger miles before the pandemic and less than 0.6 percent of passenger miles in the last year, the bill would give them 37 percent of the federal funds. Moreover, while federal funding of roads would be hampered by a 'fix‐​it‐​first' rule, federal spending on transit would have no such limit even though transit infrastructure is in much worse shape than highway infrastructure."

New bumper sticker: "My EV is Powered By Child Slave Labor!!!" 


Epoch Times (6/9/21) reports: "A class-action lawsuit on behalf of a group of mothers and children from the Democratic Republic of the Congo (DRC) against five U.S.-based Big Tech giants may short-circuit President Joe Biden’s plans to electrify American transportation. Biden’s American Jobs Plan includes $15 billion to build “a national network of 500,000 charging stations” for the Electric Vehicles (EVs) he wants Americans to adopt as part of his vision for eliminating the use of fossil fuels. Putting millions of new EVs on American highways means skyrocketing demand for batteries that are at the heart of the litigation...'The young children mining defendants’ cobalt are not merely being forced to work full-time, extremely dangerous mining jobs at the expense of their educations and futures; they are being regularly maimed and killed by tunnel collapses and other known hazards common to cobalt mining in the DRC,' according to the suit. Cobalt is essential for producing Lithium-ion batteries used in smart phones and EVs like those produced by Tesla. More than half of the world’s known cobalt reserves are in the DRC."

Energy Markets

 
WTI Crude Oil: ↑ $70.42
Natural Gas: ↑ $3.18
Gasoline: ↑ $3.07
Diesel: ↑ $3.20
Heating Oil: ↑ $214.91
Brent Crude Oil: ↑ $72.72
US Rig Count: ↑ 534

 
Donate
Subscribe to AEA's Unregulated Podcast Subscribe to AEA's Unregulated Podcast
Subscribe to IER's Plugged In Podcast Subscribe to IER's Plugged In Podcast
Friend on Facebook Friend on Facebook
Follow on Twitter Follow on Twitter
Forward to a Friend Forward to a Friend
Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx
Want to change how you receive these emails?
update your preferences
unsubscribe from this list