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MORNING ENERGY NEWS  |  10.15.2019
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I guess the windbags at AWEA were just kidding when they said they didn't need any more subsidies.


Green Tech Media (10/10/19) reports: "The U.S. wind industry has begun a push in Washington, D.C. to level the tax-incentive playing field with solar energy, pivoting from its longstanding but now fading wind Production Tax Credit (PTC). The American Wind Energy Association, the industry’s main trade group, wants to see onshore wind projects be made eligible for the Investment Tax Credit (ITC) currently available to solar plants, said AWEA chief executive Tom Kiernan, speaking Thursday in New York...Pursuit of ITC eligibility represents a major strategic shift for the onshore wind industry, and would appear to open avenues for cooperation as well as tension with the solar sector. Onshore wind, solar and natural-gas-fired plants now account for virtually all new generation capacity built in the country...Up until now, the wind industry has seemingly been hesitant to ask for another PTC extension. In contrast, the solar industry has been openly calling for another ITC extension in the absence of federal climate and energy legislation."


"Federal and state subsidies have made wind and solar power so cheap that they are displacing essential baseload sources of power that are capable of running when needed...The very power plants that have long underpinned grid reliability are being pushed aside for sources of power that jeopardize it. "

 

– Matthew Kandrach,
Consumer Action for a Strong Economy

With all the money he has blown in CA, how is Mr. "I am the only one who can save the world" only polling at 1 percent?


Washington Free Beacon (10/14/19) reports: "Republican victory in 2020 could bring about the end times, according to presidential candidate Tom Steyer. Speaking at the Ohio Democratic Party's 2019 State Dinner, the billionaire Democrat warned that the 2020 election would determine whether humanity or the Republican Party faces armageddon. Steyer argued that Republicans will never have power again if Democrats win in 2020 because Democrats would make the rules of politics 'fair' going forward. 'We are in the fight of our lives,' Steyer said. 'Everything is on the table in 2020. They think so too, because they think if they lose in 2020 the rules are going to be fair and they're never going to win again. And they're right. If we win in 2020, they're done forever. But it's scary for us, too, because if they win, literally it could be the end of the world.' In his home state of California, Steyer is polling at 1 percent, according to the Public Policy Institute of California."

With Halloween around the corner, there'll be some scary stories coming from the Dems tonight. 


Vox (10/14/19) reports: "Almost all of the 2020 Democratic presidential candidates have figured out that climate change is a top priority for voters and have released detailed plans to confront it. For the most part, the candidates agree that the US must reach net-zero carbon emissions by the middle of the century at the latest. But beyond that, it’s been tough to compare where candidates agree and where they stand apart...So we asked every 2020 Democratic presidential campaign to respond to six key questions on climate change. This allows candidates to answer in some depth and our readers to compare their answers directly, an opportunity they will not get at the next debate on October 15...We’ve received responses from Joe Biden, Elizabeth Warren, Kamala Harris, Pete Buttigieg, Beto O’Rourke, Tom Steyer, Amy Klobuchar, and Michael Bennet. Here are their answers..."

Say 👏 it 👏 louder 👏 for 👏 the people 👏 in 👏 the 👏 back. 👏


The Federalist (10/9/19) column: "The power is out in Northern California. More than 1 million Californians are now without electricity, one of modern life’s essentials that is frequently taken for granted. The blackout was done on purpose—to prevent sparks from powerlines that could ignite deadly wildfires...Politicians, journalists, and some scientists repeat a common refrain: California is getting hotter and drier because of climate change. They ignore the fact that annual precipitation totals over the past 100 years show no statistically meaningful trend...Politicians blame PG&E for the recent fires that have ravaged the state, but some of the blame redounds to the politicians. Wildfires in recent years have grown more deadly because timber harvesting and brush clearing were greatly curtailed due to myriad environmental restrictions. In the meantime, crucial infrastructure investment targeted at improving the reliability and safety of powerlines has taken the backseat to the state’s demands for a huge increase in renewable energy—some of which, ironically, has necessitated the need for more powerlines to connect remote wind farms with the urban centers."

In case you were wondering who these "climate scientists" are that alarmists are always citing.


Washington Times (10/14/19) reports: "Jane Fonda has worn many hats during her Hollywood career — model, actress, activist — but apparently she also considers herself a climate scientist. 'I’ve been a climate scientist for decades and decades,' Ms. Fonda told ABC News in an interview shortly before she was arrested Friday during a protest at the Capitol in D.C. Despite her 'decades and decades' of climate experience, she credited her recent activism to 16-year-old Swedish protester Greta Thunberg, who launched the Fridays for Future climate strikes. 'But it was Greta Thunberg, this little Swedish girl holding her sign every Friday in front of the Swedish parliament—that’s why I’ve chosen Friday, too—and all the student strikers all over the world who have really risked a lot and given up a lot in order to say, wake up old people, how come you’re not standing with us?' said Ms. Fonda. It was unclear what Ms. Fonda meant when she called herself a 'climate scientist.' She attended Vassar College, where she studied subjects such as physiology, but did not graduate, according to a 2006 interview in the Harvard Crimson."

Energy Markets

 
WTI Crude Oil: ↓ $53.03
Natural Gas: ↓ $2.28
Gasoline: ↑ $2.64
Diesel: ↓ $2.99
Heating Oil: ↓ $191.26
Brent Crude Oil: ↓ $58.92
US Rig Count: ↓ 872
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