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MORNING ENERGY NEWS | 08/06/2021
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** These goons will try and sell the biggest lie they can get by with and when they get caught, pivot to adding more taxes to Dogecoin transactions to pay for their pipe dreams.
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Wall Street Journal ([link removed]) (8/6/21) reports: "Congress’s nonpartisan scorekeeper found that the roughly $1 trillion infrastructure bill would widen the federal budget deficit by $256 billion over 10 years, countering negotiators’ claims that the price tag would be covered by new revenue and saving measures. The score was released as the Senate advances amendments for the bill this week and didn’t create any immediate obstacles to final passage of President Biden’s economic agenda. Members of the bipartisan group that negotiated the infrastructure bill, which would provide roughly $550 billion in spending above expected federal levels, had said they expected the analysis from the Congressional Budget Office to differ from their own. They have said that some of the measures they are using to cover the cost of the bill, including repurposing Covid-19 aid, wouldn’t count the same way toward
CBO’s official estimate...'The massive infrastructure bill is NOT, as its authors claim, "fully paid for,'” said Sen. Marco Rubio (R., Fla.)...Figuring out how to pay for the bill was central to the weeks of difficult negotiations between the bipartisan group of senators and the White House...Mr. Portman on Thursday said he agreed on the need to clarify a provision that seeks to raise money through tougher tax enforcement of cryptocurrency transactions. The cryptocurrency industry says the provision is overly broad and could discourage innovation in the fast-growing sector."


** "Expect [the reconciliation package] to include additional measures targeting natural gas, and in so doing taking away the rights of homeowners and business owners to choose for themselves. Many Americans are not going to appreciate the Biden Administration taking away their freedom to choose abundant and clean-burning natural gas."
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– Ben Lieberman, Competitive Enterprise Institute ([link removed])

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Can’t begin to imagine all the “social” costs federal regulators will push onto a per-mile driving tax.

** Twitchy ([link removed])
(8/5/21) article: "The multitrillion-dollar monstrosity that President Biden and the Democrats call an “infrastructure bill” is almost 3,000 pages long, so not many people will actually read the whole thing — which is no doubt by design. Some, however, have been going through it. Here’s something Fox News’ John Roberts found in the bill:"
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Biden's grand plan to 'save' America is actually just a massive transfer of wealth to China!

** Fox Business ([link removed])
(8/5/21) reports: "The Biden administration is now rolling toward their goal of a Green New Deal. The infrastructure deal has about $140 billion worth of subsidies and government investment funds—subsidies for electric cars, electric charging stations, a transformation of our utility grid, handouts to certain companies, slush fund for the Energy Department and under the general grandiose goal of net-zero emissions by some date certain yet to be determined. U.S. carmakers are boasting that electric vehicles will be half of their sales by 2030, even though right now they're only 3%. Mind you this whole exercise is a textbook case of massive central planning that is unprecedented in this country. Instead of free markets and free choice, we're getting guidelines that will turn into mandates that will completely disrupt our entire transportation, energy and power systems in this country. It is a breathtaking endeavor that is doomed to fail...It is not in the interest of this country. It is not
America first. It is America dependent on our rivals and enemies. It is America losing its moral base by relying on countries using slave labor without an ounce of democracy and freedom—and indeed countries that are our enemies."

How hard is it for regulators to understand Minnesota is not the same a California?

** ([link removed])

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: ↑ $69.37
Natural Gas: ↑ 4.16
Gasoline: ↓ $3.18

Diesel: ~ $3.29
Heating Oil: ↑ $210.75
Brent Crude Oil: ↑ $71.60
** US Rig Count ([link removed])
: ↑ 572



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