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MORNING ENERGY NEWS  |  10.11.2019
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These guys should be outraged instead of clowning around about the fact that California is devolving into an impoverished state.


Washington Post (10/10/19) reports: "In the picture it shared on social media that went viral, the Pleasanton Police Department in Northern California took a map of the state, scribbled a bright red zigzag across its entirety and added 16 instructional arrows. 'PG&E says prepare for power shutdown in select areas of California marked in red,' the map said, referring to the Pacific Gas and Electric utility. In truth, the outage is impacting as many as a million households in more than 30 counties, but not the entire state. The Pleasanton Police Department’s post, which had drawn 42,000 shares and nearly 7,000 comments by Thursday morning, was meant as a tongue-in-cheek way to warn local residents about the widespread outage planned by PG&E this week. The blackout — the largest in the state’s history — is a preventive measure as California’s dry climate and sharp winds begin to spell the onset of wildfire season...And there were several digs at teenagers: 'Charge up those portable phone chargers tonight,' the post said. 'However, keep in mind, should your teen’s phone run out of battery it could be a good thing. Watching them go through Tik-Tok or Instagram withdrawals could be good entertainment. Heck, it could even put them dangerously close to having to read a book by flashlight or doing something creative.'"

Meanwhile, the clowns in Sacramento scoff at real solutions. 


Independent Institute (10/9/19) blog:  What is really needed is less government interference in the energy and housing markets...Since the wildfire issue touches on such a variety of issues, it will take a number of reforms to provide a comprehensive solution. These include taking a more proactive approach to wildland management; protecting private property rights and allowing greater use of brush clearing, fire breaks and logging; freeing markets to allow for more truly affordable housing in less fire-prone urban and suburban areas; and allowing real competition in energy markets so that providers have the greatest incentives to keep prices low and safety standards high. Such solutions may not sound as exciting or headline-grabbing as legislation calling for taking billions of dollars from taxpayers’ pockets, but a holistic approach that respects both personal and economic liberty would do far more to reduce the harm of wildfires than more bureaucracy and government micromanagement."

"Just slowing approval of pipelines has merit.  If construction is delayed long enough to allow governments to come to their senses, we may prevent some pipelines from ever being built."

 

James Hansen, Climate Activist

Funny how that happened...


Fast Company (10/9/19) column: "Pacific General & Electric (PG&E) is cutting power across large swaths of Northern California, including the Bay Area, in a drastic bid to prevent wildfires. Now Tesla is warning people that before they settle into their outage outrage, they should really charge up their electric cars. You see, electric cars are great options—except when there is no way to power them up. To be as proactive as PG&E, after hearing the news of the impending power cut, Tesla jumped into action, sending out an in-car alert to the dashboard display warning owners to charge their vehicles fully ahead of the outage...Don’t worry about the folks at Tesla HQ, though. According to PG&E’s outage map, they will be just fine as the company’s offices fall right outside the outage zone. How lucky. Or maybe *adjusts tinfoil hat* it wasn’t luck at all."

Why would the eco-elite worry about prices in 'flyover country' when their private jets never land there?  


Manhattan Institute (10/10/19) blog: "Late last month, Climate Leadership Council President Ted Halstead and Exelon CEO Christopher Crane touted their carbon tax-dividend scheme, under which they promise 'the vast majority of Americans will be economic winners.' The plan sounds too good to be true — ever-higher carbon taxes providing ever-greater economic benefits — because it is. In reality, such a tax would cripple the economy and set off trade wars with the rest of the world that would dwarf our current dispute with China. And to top it off, the proposal would have no measurable impact on global climate...The winners of the tax-and-dividend scheme — setting aside virtually every foreign power with which we compete economically — will be those who don’t use much energy, such as individuals living in large cities, and those with the financial means to take advantage of the myriad subsidies offered for electric vehicles, solar panels, and so on. The biggest losers will be everyone else, especially the millions of rural Americans in 'flyover country,' – the same individuals who produce most of the energy we use, grow the food we eat, and manufacture many of the goods we purchase."

Who could have predicted anti-energy policies would lead to less energy production...


Energy In Depth (10/10/19) blog: "When Colorado’s SB 181 prompted an overhaul of the state’s oil and natural gas regulations, the legislation’s supporters said nobody should worry about job losses. As it turns out, there’s good reason to worry. Oilfield service company Halliburton recently announced it will be laying off 178 oil and natural gas workers at its Grand Junction, Colo. office. A spokesperson for the company told media the difficult decision was 'due to local market conditions.' As Sen. Cory Gardner tweeted, this includes regulatory uncertainty caused by SB 181...Halliburton’s decision prompted quick responses from 'Keep It In the Ground' activists and defenders of SB 181 who deny that SB 181 is a cause of these job losses. For instance, KIITG group Colorado Rising – an organization that’s actions have proven to be far outside those of the state’s mainstream environmental groups –  tweeted that there shouldn’t be 'finger-pointing at 181' because of the Halliburton layoffs. Ironically, this same group earlier that very day filed a lawsuit to block all new permitting in the state, which would have major economic impacts including job losses." 

You've got to hand it to him. At least James Dyson knows not to put a product out on the market that sucks.


Wall Street Journal (10/10/19) reports: "There is one less company trying to build electric cars. Dyson Ltd., the British company best known for making high-end vacuum cleaners and hand dryers, is ending its effort to build an electric car. The company’s billionaire founder, James Dyson, said Thursday he was closing the automotive unit of his closely held company. Since 2017, the division had been devoted to developing and building an electric vehicle. In a memo to employees, Mr. Dyson said the team had 'developed a fantastic car,' but that it wasn’t commercially viable...Mr. Dyson had previously said his company’s vehicle would hit roads in 2020. He also said he would earmark 10% of the business’ initial £2 billion investment for research and development work in the U.K. Last year, Dyson said it would manufacture the vehicle in Singapore to try to make headway in faster-growing Asian car market."

If you oppose a carbon tax, please contact us and take a stand.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Amy Oliver Cooke, Independence Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $54.38
Natural Gas: ↓ $2.21
Gasoline: ↓ $2.64
Diesel: ↓ $2.99
Heating Oil: ↑ $194.80
Brent Crude Oil: ↑ $59.87
US Rig Count: ↑ 885

 

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