Where are the all the planes?

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MORNING ENERGY NEWS | 08/16/2021

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Allies in Kabul: "We need more planes."

Defense Department: "I'm sorry, but Special Envoy Kerry has already burned through this year's allowance of carbon offset credits."

Fox News (8/11/21) reports: "So far this year, John Kerry's family jet has already emitted 30 times the amount of carbon emitted by a typical passenger vehicle per year, data reviewed by Fox News show. A Fox News review of flight data and an industry emissions calculator found that the jet emitted an estimated 138 metric tons of carbon on trips dating from Jan. 10 to Aug. 6. The numbers come as Kerry, President Biden's climate envoy, emphasizes the need for climate action amid the United Nation's latest report. 'Today's report from the IPCC shows that we cannot afford further delay,' he tweeted. 'The science has been certain for decades, but the latest report makes it abundantly clear – the climate crisis is not only here, it is growing increasingly severe.' Fox News reported last week that Kerry's family jet took at least 16 flights in 2021. With additional data, those numbers have been updated to include two flights on Aug. 6 and one on Jan. 10. Fox News previously excluded another flight because it was recorded as only 10 minutes long and had the same departure and destination location. In total, Kerry's private jet has taken at least 20 trips this year (including the brief 10 min. flight) with 1597 combined minutes, or more than 26 hours. Many of these flights occurred within Massachusetts, including Martha's Vineyard and Boston International Airport. At least two flights took place between Massachusetts and New Jersey."

"The Taliban is alive and the Keystone Pipeline is dead."

– Jim Geraghty, National Review

It's not run-away inflation caused by unprecedented government spending driving up food prices. It's...wait for it...climate change?

CNN (8/13/21) reports: "Devastating heat. Debilitating droughts. Crippling frost. Extreme weather is creating nightmares for farmers around the world -- and making food more expensive for Americans. Arabica coffee futures have almost doubled over the past year to seven-year highs as Brazil grapples with frost conditions that have wiped out crops. Retail coffee prices will likely follow suit. Sugar prices are also on the rise, driven up by the frost in Brazil as well as dry weather in the Dakotas and Red River Valley. Wheat, one of the most common food sources for the average diet, has surged to the highest level in nearly eight years amid soaring temperatures and droughts. The food price spikes demonstrate how extreme weather, much of it caused by the climate crisis, is having a real-world impact on Americans. And climate scientists warn the fallout will only intensify from here. 'Climate change is coming right into our dining room tables,' Cynthia Rosenzweig, adjunct senior research scientist at the Columbia University Earth Institute, told CNN Business. World food prices have soared by 31% over the past year, according to the Food and Agriculture Organization of the United Nations. Supply shortages caused by extreme weather is one of several factors behind this food inflation."

If inflation is actually climate change, why not COVID too?

Babylon Bee (8/13/21) "reports": "In a clever ploy to fight global warming, scientists have renamed "climate change" to "COVID," so that Americans will immediately give up all their rights in order to fight the unprecedented phenomenon where weather trends change over time. 'Listen up, guys—we're not calling it ''climate change'' anymore,' said climate researcher Dr. Brittany Boyd. 'We're going with ''COVID,'' which stands for ''climate oscillation & variation into destruction''—this will ensure people will listen to us and quickly surrender all their liberties to fight climate cha—sorry, I mean, COVID.' According to Dr. Boyd, studies have shown that if you refer to the coronavirus instead of climate change, Americans who otherwise wouldn't care about climate science will stumble over themselves to be locked in their homes and give up all rights to their state and federal governments to help out. 'COVID is going to destroy us in less than 12 years,' said Al Gore to a packed house. 'We must stop this by purchasing as many of my books as possible, so I can fly to more places to spread the word about COVID.' All books previously referring to climate change have been destroyed, just as the ones referring to 'global warming' were destroyed before them. 'There will only be an endless present in which we are always right,' said Boyd."

Straight off the farm. You aren't going to want to miss this episode of Robert Bryce's Power Hungry Podcast!

Go big and then go home...

Bloomberg (8/13/21) reports: "The Senate’s $3.5 trillion budget framework sets the stage for a deluge of spending on electric vehicles, renewable power and clean energy initiatives meant to help combat climate change and wean the U.S. off fossil fuels. If adopted by the House and enacted through separate legislation to be written in coming months, the Senate-passed spending plan would impose a tariff on high-carbon imports and create a program compelling electric utilities to shift to emission-free power sources. It would build on tens of billions of dollars in clean energy spending in a bipartisan infrastructure bill that passed the Senate earlier this week...The effort also faces steep opposition from Republicans and conservatives, who object to plans they say will force the government’s hand further into the energy market, unfairly choosing winners and losers among competing power technologies. 'The enactment of this budget would guarantee higher gasoline prices, skyrocketing electricity rates, nationwide blackouts, cars that are no longer affordable for low-income families, and would hand our energy security over to the Chinese government,' said Tom Pyle, president of the American Energy Alliance, a free-market advocacy group. 'We’ll see what ends up in the final bill, but you have to hand it to the Democrats, they are certainly going for it.'"

Energy Markets

WTI Crude Oil: ↓ $66.34
Natural Gas: ↑ $3.94
Gasoline: ~ $3.18

Diesel: ~ $3.29
Heating Oil: ↓ $203.57
Brent Crude Oil: ↓ $68.56
US Rig Count: ↑ 589

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