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MORNING ENERGY NEWS | 07/29/2021
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** Two decades of subverting the legislative process and it's all but inevitable to advance muti-trillion-dollar spending paloozas without knowing what's in them.
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Fox Business ([link removed]) (7/28/21) reports: "The White House and a bipartisan group of lawmakers reached an agreement on a $550 billion infrastructure spending bill Wednesday...The Bipartisan Infrastructure Deal will invest $110 billion in new funding for roads, bridges and major projects, and reauthorize the surface transportation program for the next five years. The bill includes a total of $40 billion for bridge repair, replacement and rehabilitation, the single largest dedicated bridge investment since the construction of the interstate highway system. Meanwhile, $17.5 billion will be allocated towards major projects that are too large or complex for traditional funding programs...The deal includes the largest investment in passenger rail since the creation of Amtrak, with $66 billion to eliminate Amtrak's maintenance backlog, modernize the Northeast Corridor, and bring world-class rail service to areas
outside the northeast and mid-Atlantic...The agreement will allocate $7.5 billion to build out the first-ever national network of EV chargers, with funding for the deployment of EV chargers along highway corridors to help rural, disadvantaged, and hard-to-reach communities with travel. It will also invest $2.5 billion in zero-emission buses, $2.5 billion in low-emission buses, and $2.5 billion for ferries...Roughly $21 billion will be allocated towards environmental remediation to address pollution, create good-paying union jobs in hard-hit energy communities, and advance economic and environmental justice. Environmental remediation measures include cleaning up superfund and brownfield sites, reclaiming abandoned mine land and capping orphaned gas wells."


** "Americans wouldn’t be worse off if we priced carbon; they could benefit from bigger paychecks, a stronger economy and healthier environment."
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–Bob Inglis, Former Republican ([link removed])

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Maybe New Mexico can get some spare electricity from California...

** Santa Fe New Mexican ([link removed])
(7/28/21) reports: "Public Service Company of New Mexico executives carried a stark message Wednesday about a potential power shortage next summer because of the closure of San Juan Generating Station. Speaking to the New Mexico Public Regulation Commission, they described a disconcerting situation for June 2022. The executives — Tom Fallgren, Ron Darnell and Mark Fenton — said they continue to work on solutions. Commission Chairman Stephen Fischmann of Las Cruces introduced the possibility of a 'brownout' next summer, or a situation in which electricity would be temporarily diminished for some customers. 'You don’t want to dwell on doomsday scenarios,' Fischmann said, alluding to how uncomfortable that topic is for PNM. Fallgren said PNM practices for scenarios, such as brownouts, have detailed procedures to handle them and prioritize power for places such as hospitals. PNM has contracts with companies to provide solar panels and other elements to replace the energy lost with the
anticipated closure of the coal-fueled, polluting San Juan Generating Station."

So… is she saying racism is infrastructure?

** ([link removed])

England's attitude toward less-developed countries has not changed since 1773 and the Boston Tea Party.

** The Guardian ([link removed])
(7/26/21) reports: "Governments around the world must agree to end the use of coal power to avoid the worst ravages of climate breakdown, the UK’s president of vital UN climate talks has said. Ministers from more than 50 countries closed a two-day meeting in London on Monday without full agreement on phasing out coal, but with all countries agreeing to limit global heating to 1.5C, with fewer than 100 days to go before the Cop26 UN climate conference in Glasgow this November. Alok Sharma, the UK’s president-designate of Cop26, said: 'We were not able to get every country to agree to phasing out coal power, which was very disappointing. We will certainly have more discussions in the coming months …Unless we get all countries signed up to a coal phase-out, keeping 1.5C in reach is going to be extremely difficult.'...The UK and the UN also urged countries to come forward with concrete plans to hold heating to 1.5C, including targets on their national emissions for the next decade, and details
of how they intend to reach their goals."

Energy Markets


WTI Crude Oil: ↑ $72.86
Natural Gas: ↑ $4.00
Gasoline: ~ $3.16

Diesel: ~ $3.27
Heating Oil: ↑ $216.99
Brent Crude Oil: ↑ $75.22
** US Rig Count ([link removed])
: ↑ 559



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