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MORNING ENERGY NEWS  |  10.18.2019
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Do we need mass transit to save the planet, or is it just another symbol of bourgeoisie decadence to be eradicated during the climate revolution? 


CNN (10/17/19) reports: "London commuters dragged climate change protesters off the top of trains on Thursday morning, as clashes broke out between peak-hour passengers and activists who disrupted travel in the British capital. Protesters from the global environmental movement Extinction Rebellion climbed onto carriages and glued themselves to trains, bringing parts of the city's transport network to a grinding halt...With trains stopped at the station, angry commuters soon took action into their own hands. Videos on social media showed a large crowd shouting at a protester on top of a train and throwing objects at him, before a commuter grabbed his ankles and dragged him off the roof. The crowd below surged forward into a physical altercation, which ended only after station staff and other passengers intervened...In a statement Thursday morning, after the fights broke out, Extinction Rebellion said the protesters had understood that violence 'was a possibility,' but that they were willing to go to prison for their cause. The group added that it had targeted the central London Underground lines because it would 'have a severe impact upon business within the capital.'"

"The frantic response to the new emissions proposal is nothing if not predictable. After all, the green movement has a stake in treating every new Trump administration environmental policy as an imminent threat to the future of our planet."

 

– H. Sterling Burnett, Ph.D.,
The Heartland Institute

More horror stories from the People's Republic of California. 


PJ Media (10/14/19) blog: "Going solar isn’t necessarily any protection from California’s new 'planned' power outages, and local residents and businesses are enduring a lot more than just a few inconveniences...At UC Berkeley, where you’d expect all this planet-saving to be applauded, at least one student is probably less than thrilled. ABC7 reports that biochem grad student Sarah Morris says that the recent outage — again, a planned and on-purpose outage — 'may have destroyed two years of her ground-breaking cancer research, valued at $500,000.' If you’re wondering what its value could have been to cancer victims who now might never receive the benefits of Morris’s research, I suspect you’re not alone...The North Coast isn’t exactly California’s wealthiest region, long dependent on logging and fishing, which have both been curtailed by 'experts' far away in Sacramento and Washington, D.C. Now, they can’t even keep the milk cold for their kids. Or as the WSJ put it, the area is 'subject to the sort of abrupt blackouts normally associated with underdeveloped countries.'"

We support the pitchfork rebellion.  


Washington Post (10/15/19) reports: "This week, farmers in the Netherlands are continuing their tractor protest. Earlier this month, an estimated 2,200 farmers garnered international attention for their protest, which created the 'worst rush hour' and 'traffic jams' the Netherlands had ever seen. Farmers are engaging this slow but furious tractor demonstration to push back on proposed regulations designed to address climate change, but that may harm their livestock operations — and livelihoods. They say they’re tired of being pinned as primary polluters and excluded from the debate, and are demanding attention by showing up en masse to parliament atop their tractors...Farmers are also feeling pressure to change their practices for the sake of the planet’s survival and feel that blame for climate change disproportionately targets them. But with the impending consequences of anthropogenic climate change, policymakers are looking squarely at agriculture to make dramatic changes. However urgently needed, such changes can be disastrous if the livelihoods of farmers aren’t protected in the process." 

The times they are a-changin'


Reuters (10/17/19) reports: "A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. This is changing. As the market grows and pricing mechanisms diversify, some buyers do not want to commit to 20-year contracts. The growing prowess of oil majors such as Exxon and recent entrants such as Cheniere and trading houses means there are aggregators that can supply buyers more flexibly...Exxon and Qatar Petroleum decided this year to move ahead with their 15-mtpa Golden Pass project in Texas without substantial long-term agreements, while Cheniere said it would add a sixth liquefaction train at its Sabine Pass terminal in Louisiana with fewer long-term contracts than in the past."

What could have been...


Fox News (10/17/19) reports: "Energy Secretary Rick Perry notified President Trump on Thursday that he intends to leave his job soon, two administration sources familiar with the matter said. Perry was traveling with the president to Texas when he shared the news aboard Air Force One. Speaking to reporters later Thursday, Trump called Perry 'outstanding' and announced, 'We already have his replacement.' But, Trump said Perry would stay on until the end of the year...Republicans, meanwhile, praised Perry's role in the Trump administration, as well as his leadership as governor of Texas. 'Rick is a good man and a good friend who has devoted his life to serving his country, especially the great state of Texas,' Texas GOP Sen. Ted Cruz said in a statement. 'He went from being Texas’ longest-serving governor to heading the Department of Energy, where he was a leading advocate for U.S. energy, including liquefied natural gas. Under his leadership, U.S. oil and gas production has soared—with much of that new production coming from Texas—and the United States has become a net exporter of natural gas, creating good-paying jobs, providing cleaner and more affordable energy, and boosting America’s energy independence. I wish him the best as he returns to private life after a long, successful, and productive career.'"

If you oppose a carbon tax, please contact us and take a stand.

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
Amy Oliver Cooke, Independence 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
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $54.42
Natural Gas: ↑ $2.32
Gasoline: ↓ $2.65
Diesel: ~ $2.99
Heating Oil: ↑ $195.43
Brent Crude Oil: ↑ $60.14
US Rig Count: ↓ 872

 
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