Joe's work is finished

View this email in your browser

MORNING ENERGY NEWS | 08/26/2021

Subscribe Now

Joe will give anybody a country as long as they agree to sign the Paris Agreement...

Daily Mail (8/25/21) reports: "The Taliban has vowed to tackle climate change and global security as part of the terror group's attempt to rebrand itself and modernize despite reports of civilian executions and the erosion of women's rights under the new Afghan regime. Abdul Qahar Balkhi, a member of the Taliban's Cultural Commission, says the Islamists want to play a role on the global stage. He told Newsweek: 'We hope not only to be recognized by regional countries but the entire world at large as the legitimate representative government of the people of Afghanistan who have gained their right of self-determination from a foreign occupation with the backing and support of an entire nation after a prolonged struggle and immense sacrifices despite all odds being stacked against our people. We believe the world has a unique opportunity of rapprochement and coming together to tackle the challenges not only facing us but the entire humanity. These challenges ranging from world security and climate change need the collective efforts of all, and cannot be achieved if we exclude or ignore an entire people who have been devastated by imposed wars for the past four decades.'"

"Protip to keep your ice cream cool: stop burning fossil fuels."

– Alexandria Ocasio-Cortez,
Former Mixologist

Maybe it's just wishful thinking, but perhaps Biden's disaster in Afghanistan will make the admin reconsider their other disasters...

National Review (8/26/21) column: "The Biden administration is on its knees. As of this writing, it is pleading with the Taliban to spare the lives of the Americans remaining in Kabul. It is pleading with the airlines to help with the evacuation effort. And it is also pleading with Saudi Arabia and Russia to put more oil onto the global market and reduce the upward price pressure that Americans have felt at the gas pump this summer. Much like the fiasco in Afghanistan, the new energy crunch should shock us. But neither should come as any surprise. For two years on the campaign trail, Joe Biden told us exactly how he viewed the American oil and gas industry. Soon after entering office, he put his party’s agenda into action...Biden’s energy-policy orientation is a 180-degree turn from that of his predecessor. Where Biden seeks to constrain, Trump sought to liberate and leverage, shrewdly linking America’s energy-production capabilities with its foreign policy. Amid the foreign-policy failure in Afghanistan, President Biden should rethink his oil and gas pullout."

This will make America stronger! Drilling bans, aid for butterflies floated by House Democrats

Bloomberg (8/25/21) reports: "Endangered butterflies and desert fish would get millions of dollars in federal funding while oil companies would face new fees and a ban on most offshore drilling under a plan floated by House Democrats. The details were summarized in a document seen by Bloomberg News. The document was prepared by staff on the House Natural Resources Committee and circulated to lawmakers before a planned Sept. 2 meeting to vote on the $3.5 trillion budget reconciliation plan being advanced in the House. It sketches out Natural Resources Committee Democrats’ ambitions for spending roughly $31.5 billion on conservation programs, environmental analysis and cleanup of abandoned mines, among other priorities. The proposals described in the blueprint could be revised before the committee takes up the measure next week. The draft calls for devoting some $550 million to wildlife recovery efforts, including $25 million each to endangered butterflies, freshwater mussels and desert fish. The oil and gas industry would shoulder the burden of paying for much of that spending. Speaker Nancy Pelosi said Wednesday during a news conference that work was already under way by committee chairmen in presenting proposals to their panels of what to include in the the budget reconciliation bill, which would represent the biggest chunk of President Joe Biden’s $4.1 trillion economic agenda."

More evidence of Gavin's climate injustice policies hurting Californians.

Real Clear Energy (8/24/21) column: "For decades, California has been viewed as a vanguard state, a province that leads America on things like entertainment, fashion, and politics. No longer. Instead, it has become a state to be rebuked, a place where a small group of regulators and politicians -- with the full backing of the state’s powerful environmental groups -- have created 'a new Green Jim Crow era,' where 'racist climate housing policies are strongly linked to its racist climate transportation policies.' That’s the gist of a scathing essay by Jennifer Hernandez that appears in the latest edition of the Breakthrough Journal, a periodical published by the Oakland-based Breakthrough Institute. It’s no coincidence that Hernandez’s essay reads like an indictment. Hernandez is a lawyer. She’s a partner at Holland & Knight and the lead lawyer for The 200, a group of Latino leaders who have sued the state of California over its climate, housing, and transportation policies. In 2019, she and The 200 filed a 250-page civil rights lawsuit suit that claims 'Entrenched special interest groups, including environmentalists, block meaningful housing policy reforms' and that the state’s housing crisis is 're-segregating the state, and is deepening an already severe civil rights crisis.' Hernandez has become one of the most prominent and credible critics of what she calls California’s “unbelievably regressive” climate and energy policies."

Energy Markets

WTI Crude Oil: ↓ $67.79
Natural Gas: ↑ $4.00
Gasoline: ~ $3.14

Diesel: ~ $3.27
Heating Oil: ↓ $210.50
Brent Crude Oil: ↓ $71.84
US Rig Count: ↑ 587

Donate

Subscribe to AEA's Unregulated Podcast

Subscribe to IER's Plugged In Podcast

Friend on Facebook

Follow on Twitter

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list