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MORNING ENERGY NEWS  | 09/13/2021
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Big Green, Inc. doing everything in its power to destroy the life blood of Pennsylvania for no good reason.


Capital Research Center (9/10/21) article: "What exactly is the point of RGGI if it’s not going to impact the climate? The answers involve political influence, government power, well-endowed special interests, and foreign interference. The Institute for Energy Research, a nonprofit group based in Washington that supports free-market policies in the energy sector, has collected data on one of the most important, but unheralded geopolitical developments in decades. In 2019, the U.S. become energy independent for the first time since 1957. That’s partly because innovative drilling techniques like hydraulic fracturing, also known as fracking, made it possible to access large deposits of oil and gas in places like the Marcellus Shale...Often vilified by self-described environmentalists, fracking exercises have a very small footprint in comparison to the logistics involved with acquiring rare earth minerals used in wind turbines, solar panels, and electric vehicles. This much was made clear in a 287-page International Energy Agency report 'The Role of Critical Minerals in Clean Energy Transitions.'  What the Biden administration in Washington, DC, and the Wolf administration in Harrisburg describe as clean and green is not so clean and green. On the political and economic front, the proposed transition away from fossil fuels toward so-called renewables could sabotage America’s hard-earned energy independence. 'US energy production in 2019 was higher than US energy consumption for the first time in 62 years,' IER reports."

"Ironic that a categorically anti-business concept has been so embraced by . . . business. There is no greater enemy to animal spirits than ESG, yet the appetite for it appears to be insatiable." 

 

– Andy Martin, National Review

You know... many gas stations are open 24/7.


The Times (9/12/21) reports: "Electric car charging points in people’s homes will be preset to switch off for nine hours each weekday at times of peak demand because ministers fear blackouts on the National Grid. Under regulations that will come into force in May, new chargers in the home and workplace will be automatically set not to function from 8am to 11am and 4pm to 10pm. Public chargers and rapid chargers, on motorways and A-roads, will be exempt. The government is also taking powers to impose a “randomized delay” of up to 30 minutes at other times to avoid pressure on the grid if there is a scramble among motorists to recharge their batteries at the same time. There are only 300,000 battery electric vehicles (EVs) on the UK’s roads."

Giving credit where credit is due!


The Federalist Papers (9/10/21) reports: "Stickers that are being placed on gas pumps across the country are reminding Americans why they’re paying so much for gasoline eight months into President Joe Biden’s presidency. The stickers are actually of Biden, and they point toward the outrageous cost of fuel on the pumps themselves. The cost is of course being driven by the inept commander in chief and his failed policies. Images and videos of the stickers began popping up on TikTok, Instagram, Facebook and Twitter about a month ago. They’ve been seen across the country. Gas prices are actually up by about an average of a dollar per gallon since last September, according to GasBuddy. Right now, a gallon of gas costs an average of about $3.20. Of course, fuel is much more expensive in some areas of the country, such as California. This is all partially the result of Biden’s aggressive stance against the energy sector. The president has taken measures since January meant to ensure America is reliant on foreign crude. He needlessly canceled the Keystone XL pipeline lease on day one of his presidency. In June, he suspended drilling leases at the Arctic National Wildlife Refuge in northeastern Alaska, CBS News reported. One of Biden’s radical climate advisors defended the decision to reverse a Trump administration move to tap into the area’s fuel reserves."

But sea level rise!


Wall Street Journal (9/9/21) reports: "In the sizzling-hot, pandemic-fueled Palm Beach real-estate market, Todd Michael Glaser may have hit the jackpot: He is relisting a private island for $120 million—or $35 million more than he and his partners paid in July. The developer said the plan is to list Tarpon Island, which includes an older home, next month. Buyers have two options: They can pay $120 million for the property as is, or $200 million with an extensive renovation and addition completed. It is possible, however, that the latter price tag could increase by the time the project is finished in about 10 months, he cautioned. When Mr. Glaser and his partners paid $85 million for Tarpon Island, a roughly 2½-acre island in the Intracoastal Waterway, they set a record for a non-oceanfront home in Palm Beach. Since then, however, strong demand for high-end homes in Palm Beach has caused prices to soar. 'A $100 million house isn’t that crazy any more, believe it or not,' he said, estimating that approximately eight homes have sold for $100 million or..Mr. Glaser was also the recent buyer of the late financier Jeffrey Epstein’s Palm Beach home. He recently demolished that home and plans to build a new one in its place."

Energy Markets

 
WTI Crude Oil: ↑ $70.69
Natural Gas: ↑ $5.19
Gasoline: ↑ $3.17
Diesel: ↑ $3.29
Heating Oil: ↑ $216.85
Brent Crude Oil: ↑ $73.70
US Rig Count: ↑ 622

 
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