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MORNING ENERGY NEWS  | 07/08/2021
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Don't worry about gas prices, look at all the money you saved at this year's 4th of July BBQ.


The Hill (7/6/21) reports: "The White House on Tuesday deflected blame on rising gas prices across the U.S., stating that there is sometimes a misunderstanding about what causes prices to rise.'I think there sometimes is a misunderstanding of what causes gas prices to increase and so, to convey to the American people that we’re working on it and certainly the supply availability of oil has a huge impact,' White House press secretary Jen Psaki said during her Tuesday briefing. The comments from Psaki come amid attacks from Republicans that President Biden is to blame for an increase in gas prices. The national gas price average is up 40 percent since the start of the year as of Tuesday, according to AAA. Gas prices are expected to increase another 10 to 20 cents per gallon through August, which would make the national average price over $3.25."

"The 'following the science' mantra endlessly cited by politicians to justify draconian lockdown and decarbonization policies has been used to exempt themselves from democratic constraints and the duty to exercise judgement. Relying on 'The Science' is both foolish and dangerous, for science is neither consensual nor the 'final answer' to any policy debate. " 

 

–Tilak Doshi, Forbes

If Canada's worthless government weren't worthless,  they would raise similar concerns with our worthless government about KXL.


Bloomberg (7/7/21) reports: "President Joe Biden’s top trade negotiator said that the U.S. has 'real concerns' about Mexican President Andres Manuel Lopez Obrador’s energy policy and will look for avenues to address them. The American and Canadian energy industries say the leader known as AMLO is discriminating against foreign companies with changes to electricity and hydrocarbons laws. His administration has sought to roll back the 2013-2014 reforms that opened Mexico to private drilling, working to return much of the sector to state-owned crude producer Petroleos Mexicanos and electric utility Comision Federal de Electricidad. 'We are raising our concerns, we are here to engage, and we will be exploring avenues for addressing our concerns,' U.S. Trade Representative Katherine Tai told reporters on Wednesday after finishing a meeting with Mexican Economy Minister Tatiana Clouthier and Canadian Trade Minister Mary Ng...Mexico’s energy ministry recently designated Pemex as the operator of the country’s largest crude discovery by private firms, the latest sign of the government’s nationalist approach to the energy industry. Ng reiterated Canada’s ongoing concern with the investment climate in Mexico, specifically in the energy and mining sectors, her office said in an emailed statement."

It's not about improving human life for these people, it's about controlling human lives. 

Pricing the peasants out of commercial air travel while ensuring no extra costs on private jet setters is the pinnacle of Euro-Greening.


Argus Media (7/6/21) reports: "The European Commission has proposed exempting private jets and cargo flights from the planned EU jet fuel tax. A draft indicates that the tax would be phased-in for passenger flights, including ones that carry cargo. The draft, which the commission will on 14 July present with its proposed revisions to the bloc's 2003 energy-taxation directive, indicates there could be an exemption from taxation for energy products and electricity used for intra-EU air navigation of cargo-only flights. It proposes allowing EU states to only tax such flights either domestically or by virtue of bilateral or multilateral agreements with other member states. The commission is worried that taxing fuel for cargo-only flights would adversely affect EU carriers. Third-country carriers, also with a significant share of the intra-EU cargo market, have to be exempted from taxation due to aviation services agreements, the commission argues. Private jets will enjoy an exemption through the classification of 'business aviation' as the use of aircraft by firms for carriage of passengers or goods as an 'aid to the conduct of their business', if generally considered not for public hire. A further exemption is given for 'pleasure' flights whereby an aircraft is used for 'personal or recreational' purposes not associated with a business or professional use."

Energy Markets

 
WTI Crude Oil: ↓ $71.37
Natural Gas: ↑ $3.60
Gasoline: ↑ $3.14
Diesel: ↑ $3.25
Heating Oil: ↓ $207.20
Brent Crude Oil: ↓ $72.81
US Rig Count: ~ 536

 
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