Mighty neighborly of them

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MORNING ENERGY NEWS | 09/03/2021

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Does the Taliban know about the Uyghurs? Never mind. I forgot that the Taliban is not opposed to enslaving Muslims.

Al Jazeera (9/2/21) reports: "Taliban spokesman Zabihullah Mujahid has told an Italian newspaper that the group will rely primarily on financing from China following the withdrawal of foreign troops from Afghanistan and its takeover of the country. In his interview published by La Repubblica on Thursday, Mujahid said the Taliban will fight for an economic comeback with the help of China...He said the New Silk Road – an infrastructure initiative with which China wants to increase its global influence by opening up trade routes – was held in high regard by the Taliban. There are 'rich copper mines in the country, which, thanks to the Chinese, can be put back into operation and modernized. In addition, China is our pass to markets all over the world.'"

"Whether through the passage of formal resolution or statute, elected officials at the local and state levels need to make it clear that eliminating natural gas in our homes is simply bad public policy. Our communities deserve affordable energy options, not added expenses."

–Jeff Montejano,
Building Industry Association of Southern California

Show of hands...Who trusts Joe Manchin?

Wall Street Journal (9/2/21) column: "The nation faces an unprecedented array of challenges and will inevitably encounter additional crises in the future. Yet some in Congress have a strange belief there is an infinite supply of money to deal with any current or future crisis, and that spending trillions upon trillions will have no negative consequence for the future. I disagree. An overheating economy has imposed a costly 'inflation tax' on every middle- and working-class American. At $28.7 trillion and growing, the nation’s debt has reached record levels. Over the past 18 months, we’ve spent more than $5 trillion responding to the coronavirus pandemic. Now Democratic congressional leaders propose to pass the largest single spending bill in history with no regard to rising inflation, crippling debt or the inevitability of future crises. Ignoring the fiscal consequences of our policy choices will create a disastrous future for the next generation of Americans...I, for one, won’t support a $3.5 trillion bill, or anywhere near that level of additional spending, without greater clarity about why Congress chooses to ignore the serious effects inflation and debt have on existing government programs."

Show of hands...Who trusts OPECT to help America?

Oil Price (9/2/21) reports: "Crude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. 'The markets are slowing. Since COVID-19 has begun its fourth wave in some areas, we must be careful and reconsider this increase. There may be a halt to the 400,000 (bpd) increase,' said Mohammad Abdulatif al-Fares, as quoted by Reuters. OPEC+ had agreed to boost oil production by 400,000 bpd every month beginning August until the group's combined output reached pre-agreement levels towards the end of next year. But now that demand concerns are once again coming to the fore, OPEC+ is signaling that it is always ready to change tack. It's worth noting that the Kuwaiti minister's comments come soon after U.S. President Joe Biden called on OPEC+ to boost production by more than 400,000 bpd to offset strongly rising fuel demand in the world's top consumer that led to a sharp rise of prices at the pump."

Show of hands...Who trusts John Kerry?

Wall Street Journal (9/2/21) column: "It’s become popular for progressives to proclaim that climate change is the top threat to America’s national security. China’s Communist Party, by far the world’s top emitter of greenhouse gases, has taken note. This American delusion turns climate change into a major source of strategic leverage for Beijing. Foreign Minister Wang Yi made this leverage explicit in a Wednesday lecture to U.S. climate envoy John Kerry, who is back in China pleading with its leaders to reduce the country’s carbon consumption. 'The U.S. side wants the climate change cooperation to be an ‘oasis’ of China-U.S. relations,' Mr. Yi said, according to a Foreign Ministry readout of the meeting. But he insisted that 'China-U.S. cooperation on climate change cannot be divorced from the overall situation of China-U.S. relations.' In other words, Beijing wants to extract concessions from Washington before it further indulges Mr. Kerry’s climate show. Mr. Yi told Mr. Kerry, according to the document, that 'the United States has made a major strategic miscalculation about China.' America should 'attach importance to and actively respond to the '‘two lists'' and ‘'three bottom lines'’ put forward by China,' he instructed."

Actually... Everybody should probably just keep their hands down...

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

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: ↑ $70.03
Natural Gas: ↑ $4.69
Gasoline: ↓ $3.18

Diesel: ↑ $3.29
Heating Oil: ↑ $217.29
Brent Crude Oil: ↑ $73.27
US Rig Count: ↓ 592

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