Your Morning Energy News

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MORNING ENERGY NEWS | 06/25/2021
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** Even Ernie agrees that the world needs America's freedom molecules.
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E&E News ( ([link removed]) 6/24/21) reports: "Former Energy Secretaries Ernest Moniz and Dan Brouillette said yesterday that the U.S. needs to continue exporting natural gas to support its allies around the world. Gas will continue to be an important source of fuel worldwide as more countries try to reduce their greenhouse gas emissions, they said during a forum sponsored by the nonprofit group Meridian. Other speakers, including officials from Japan and Vietnam, echoed their remarks, saying gas will be important even as more countries try to achieve net-zero emissions by 2050 and as financiers press the gas industry to curb its pollution. 'It's going to be a transition, but I think that the ground truth is that natural gas is going to remain a very important part of the global picture,' Moniz said...Moniz, who was secretary during Obama's second term, credited the fracking boom of the 2000s and 2010s with helping reduce U.S. greenhouse gas emissions,
mostly by replacing coal as a power plant fuel. Brouillette said the Trump administration viewed gas for its value as an export product, particularly in the growing liquefied natural gas (LNG) market. He said gas provides environmental benefits since it typically replaced dirtier fuels in the countries that bought it."


** "Despite more than $100 billion already doled out to wind and solar companies over the past 30 years, the Biden plan would enrich investors, who are often very wealthy, in solar and wind plants with another $100 billion to $200 billion in the president's green energy scheme."
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– Stephen Moore, FreedomWorks ([link removed])

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I don't know about you, but isn't 50% by 2030 entirely too low to stop an existential threat to humanity?

** The Hill ([link removed])
(6/24/21) column: "President Joe Biden has raised the bar for climate action in the United States by setting a 50 to 52 percent emissions-reduction target by 2030 and a goal of reaching net-zero emissions by 2050. To meet these ambitious goals, the United States must accelerate the deployment of low-carbon technologies. Tax credits can be an important policy lever to help expand the production of zero-carbon electricity, electrify the transportation, building and industrial sectors, improve energy efficiency, as well as build critical infrastructure including high-voltage transmission and electric vehicle charging networks. Some low-carbon technologies such as wind and solar are already commercially available and are being deployed at a fast pace. In 2020, in the middle of the COVID-19 pandemic, installation rates for solar and wind were up by 65 percent and 178 percent compared to the previous year. Despite this progress, numerous studies have found that we need to increase U.S. renewable
energy deployment at least two to three times from current levels to meet decarbonization goals...Tax credits can help deploy both technologies that are commercially available but have not reached mass deployment and technologies that are still in the early stages of commercialization. "

Societal regression right in front of our eyes.

** ([link removed])

Gonna spend every buck like the buck before… Son of Stimulus promises more Solyndras and more bullet trains to nowhere.

** Wall Street Journal ([link removed])
(6/24/21) reports: "President Biden and a group of 10 centrist senators agreed to a roughly $1 trillion infrastructure plan Thursday, securing a long-sought bipartisan deal that lawmakers and the White House will now attempt to shepherd through Congress alongside a broader package sought by Democrats. Mr. Biden and Democratic leaders said that advancing the deal on transportation, water and broadband infrastructure will hinge on the passage of more elements of Mr. Biden’s $4 trillion economic agenda. The two-track process sets up weeks of delicate negotiations to gather support for both the bipartisan plan and a separate Democratic proposal, a challenging task in the 50-50 Senate and the narrowly Democratic-controlled House. 'What we agreed on today is what we could agree on. The physical infrastructure. There’s no agreement on the rest,' said Mr. Biden, who said he wouldn’t sign the bipartisan deal into law until a bill containing the rest of his agenda also is on his desk. 'If this is the
only one that comes to me, I’m not signing it.'..The plan also includes $20 billion in funding for an infrastructure financing authority, which Sen. Mark Warner (D., Va.), one of the negotiators, said would yield $180 billion in infrastructure spending."
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If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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
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
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $73.58
Natural Gas: ↑ $3.44
Gasoline: ↑ $3.08

Diesel: ↑ $3.22
Heating Oil: ↑ $217.25
Brent Crude Oil: ↑ $75.79
** US Rig Count ([link removed])
: ↑ 540



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