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MORNING ENERGY NEWS | 08/19/2021
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** Power on, Mark. Check it out now! ([link removed])
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** "The failure of the left’s climate agenda is predictable to all who are paying attention. Rather than implementing nonsensical Green New Deal policies and importing fossil fuels, we must embrace stable American energy."
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– Adam Brandon, FreedomWorks ([link removed])

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Last week Biden was begging OPEC for more oil. This week Democrat Senators are begging Taiwan for more chips. Wait till Joe's All-China Green New Deal kicks in!

** The Hill ([link removed])
(8/19/21) reports: "A group of Democratic senators is calling on Taiwan for more help with the ongoing automobile chip shortage, which has forced a number of American manufacturers to halt production despite an increase in demand for cars. The trio of senators, including Gary Peters (D-Mich.), Debbie Stabenow (D-Mich.) and Sherrod Brown (D-Ohio), penned a letter to Representative Bi-khim Hsiao, Taiwan’s representative to the U.S., thanking her country for its efforts to help curb the global chip shortage and requesting more assistance in addressing the issue. 'We value your efforts to address the shortage and are hopeful you will continue to work with your government and foundries to do everything possible to mitigate the risk confronting our state economies,' the senators wrote...American auto manufacturers have recently halted production in response to the global chip shortage, including Ford, General Motors and Nissan Motors, according to Reuters. An auto trade group cited by the news
service estimates that the chip shortage will lead to 1.3 million fewer vehicles being manufactured in the U.S. in 2021, which is a more than 10 percent decrease from numbers recorded before the pandemic."

Looks like Joe's Plans for 'greening' America are on par with his Afghanistan exit plan.

** NPR ([link removed])
(8/18/21) reports: "America's mines are open for business. Not for coal necessarily, but definitely for the critical minerals seen by the Biden administration as essential for economic and national security, like lithium to power batteries or aluminum for wind turbines. But there's a hitch. Companies are struggling to hire miners. Mining and geological engineering employment is estimated to grow 4% from 2019-2029, according to the Bureau of Labor Statistics. As demand keeps rising for these minerals, there are fewer skilled employees to fill job openings in the industry. 'We need more workers,' says mining consultant Catherine Joyner. 'It is not going to be sustainable for our industry if it stays at the level that it is.' Like many employees in the U.S., mine workers have used the pandemic to reassess their careers. Many have pivoted to new professions or retired completely, says mining economist David Hammond. Mining for critical minerals and metals is not easy work. In both underground
and surface mines, workers operate heavy machinery as big as houses and deal with explosives. On the professional side, engineers, metallurgists and mine managers design and coordinate mine operations."

If you like your furnace you should be able to keep your furnace, right?

** The Hill ([link removed])
(8/18/21) reports: "The Energy Department on Wednesday proposed reversing a Trump-era rule that was expected to undermine its ability to regulate efficiency of both residential furnaces and commercial water heaters. The Trump administration’s rule — completed five days before President Biden's inauguration — was expected to keep inefficient heaters on the market for more time by dividing up the heaters into two categories based on how they’re vented. By creating a new class of products for furnaces that had a type of venting known as noncondensing venting, these furnaces would need to be regulated separately and could not be entirely phased out. In its proposed reversal, the Biden administration announced an initial finding that the noncondensing technology doesn’t provide 'unique utility' to consumers, so it shouldn’t be considered a separate product."

Energy Markets


WTI Crude Oil: ↓ $63.54
Natural Gas: ↓ $3.78
Gasoline: ↓ $3.17

Diesel: ↑↓ $2.62
Heating Oil: ↓ $197.02
Brent Crude Oil: ↓ $66.33
** US Rig Count ([link removed])
: ↑ 573



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