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MORNING ENERGY NEWS | 06/29/2021
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** With everything else going on, at least the courts are holding up the rule of law. The latest courtroom drama on The Unregulated Podcast. Now streaming. ([link removed])
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** The show is available on all your favorite platforms including Sound Cloud ([link removed]) , Apple Podcasts ([link removed]) , Spotify ([link removed]) , Stitcher ([link removed]) , Podbay ([link removed]) , Blubrry ([link removed]) , and TuneIn ([link removed]) .
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** "Economists can remind environmentalists that as messy as markets are (much like nature is), government intervention is often worse. We have to compare the reality of two imperfect processes and the fact that markets are less than perfect is not, by itself, a justification for government intervention."
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– Steven Horwitz (February 7, 1964 – June 27, 2021) ([link removed])
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The radical left on campus caught taking their cues from who you might expect.
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California dreamin' ...of a reliable power grid.
** Bloomberg ([link removed])
(6/25/21) column "California’s hydropower reserves are drying up in the most literal sense. This summer, however, the fuel that normally stands in for water is also running lower than usual. Natural gas typically fulfills two roles for California’s power grid during a hot, dry summer. First, it fills in the gap left by depleted hydropower. Second, it handles much of the state’s surge in electricity demand during the early evening, when solar power fades; especially important if that surge is powering a lot of air-conditioning...Net net, it looks like California may be entering the height of a particularly demanding summer with the lowest stockpile of gas in more than a decade...One reason for this concerns prior events in another state some way, geographically and philosophically, from Sacramento: Texas. California produces very little gas of its own, relying on imports from the Rockies, Canada (via the Pacific Northwest) and Texas (via the desert Southwest). A little of that gas then
usually heads south out of California to Mexico."
Weather is climate change when it fits the narrative.
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Something's rotten in Denmark.
** Just The News ([link removed])
(6/27/21) reports: "A watchdog group is warning that Deputy Secretary of the Interior Department Tommy Beaudreau, who was confirmed earlier this month to serve in the number two slot at the department, carries 'massive potential conflicts' into his new role...The Washington Post reported in May that the Interior Department had been examining wind farm proposals for various projects and that while a partner at Latham Watkins Beaudreau had represented businesses responsible for 10 of those projects, according to his financial disclosure form. The disclosure reveals that Beaudreau worked for Avangrid Renewables, Vineyard Wind, Orsted, Dominion and EnBW North America, five firms integral to the Biden administration's offshore wind expansion aims, the Post reported, adding that the disclosure did not indicate what he did for Orsted or other organizations beyond 'legal services.' 'Vineyard Wind LLC, an offshore wind development company 50 percent owned by funds of Copenhagen Infrastructure
Partners (CIP) and 50 percent owned by Avangrid Renewables, LLC, is currently in the permitting and financing process for the first large-scale offshore wind energy project in the United States,' according to vineyardwind.com. The Vineyard Wind farm secured federal approval in May."
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Energy Markets
WTI Crude Oil: ↑ $73.31
Natural Gas: ↑ $3.70
Gasoline: ↑ $3.10
Diesel: ↑ $3.24
Heating Oil: ↑ $213.70
Brent Crude Oil: ↑ $75.08
** US Rig Count ([link removed])
: ↑ 542
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