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MORNING ENERGY NEWS | 09/14/2021
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** Time to dust off the WSJ predictions.
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AP ([link removed]) (9/8/21) reports: "Solar energy has the potential to supply up to 40% of the nation’s electricity within 15 years — a 10-fold increase over current solar output, but one that would require massive changes in U.S. policy and billions of dollars in federal investment to modernize the nation’s electric grid, a new federal report says. The report by the Energy Department’s Office of Energy Efficiency and Renewable Energy says the United States would need to quadruple its annual solar capacity — and continue to increase it year by year — as it shifts to a renewable-dominant grid in order to address the existential threat posed by climate change. The report released Wednesday is not intended as a policy statement or administration goal, officials said. Instead, it is 'designed to guide and inspire the next decade of solar innovation by helping us answer questions
like: How fast does solar need to increase capacity and to what level?' said Becca Jones-Albertus, director of the Energy Department’s solar energy technologies office."


** "It's a far more preferable path to let the free-market decide these things rather than have the heavy hand of government dictate a forced transformation that will have significant detrimental effects on our economy and on the world-wide economy, as well as the environment."
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– David Callahan, Marcellus Shale Coalition ([link removed])

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Congress pushing a BIG gas tax.

** The Epoch Times ([link removed])
(9/13/21) reports: "House Energy and Commerce Committee Democrats defeated multiple Republican amendments Monday during the first day of marking up of President Joe Biden’s $3.5 trillion 'Build Back Better' spending program that is the most massive package of reforms in American government and society since the New Deal. Committee Chairman Frank Pallone (D-N.J.) ** called ([link removed])
the program 'transformational' and said 'the Build Back Better Act will create a clean energy future that produces millions of good paying jobs right here at home.' Most of the Republican amendments on the first of what could be three days of work for the panel focused on eliminating or at least limiting the economic impact of the Biden program’s new natural gas tax...With a $3.5 trillion price tag, the bill will likely be the most expensive ever considered by Congress. Committee Republicans filed a series of amendments aiming to kill or substantially revise the proposal’s new levy, which would be calculated using a complicated formula based on Environmental Protection Agency (EPA) classifications of Greenhouse Gases."

This would make sense if any of these tax credits were actually about reducing carbon emissions...

** ([link removed])

Any of that 3.5 trillion going to build back better America's landfills for all the incoming wind turbines?

** Reuters ([link removed])
(9/10/21) reports: "Wind turbines have become a vital source of global green energy but their makers increasingly face an environmental conundrum of their own: how to recycle them. The European Union's share of electricity from wind power has grown from less than 1% in 2000, when the continent began to curb planet-heating fossil fuels, to more than 16% today. As the first wave of windmills reach the end of their lives, ten of thousands of blades are being stacked and buried in landfill sites where they will take centuries to decompose...Wind Europe, a Brussels-based trade association which promotes the use of wind power in Europe, expects 52,000 blades a year to need disposal by 2030, up from about 1,000 today...The growing mountains of waste created by old blades has become a rallying point for groups opposed to wind turbines, which they also say are noisy and spoil the countryside. But landfill is likely to remain the preferred disposal option because it is the cheapest, said Eric
Waeyenbergh, advocacy manager at Geocycle, a sustainable waste management firm."

Energy Markets


WTI Crude Oil: ↑ $70.96
Natural Gas: ↑ $5.29
Gasoline: ~ $3.17

Diesel: ~ $3.29
Heating Oil: ↑ $216.79
Brent Crude Oil: ↑ $74.07
** US Rig Count ([link removed])
: ↓ 595



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