Your Morning Energy News

View this email in your browser ([link removed])
MORNING ENERGY NEWS | 09/17/2021
Subscribe Now ([link removed])


** A great day to remember how our system is built to prevent the kind of arbitrary dictation of law that our forefathers fought a war to get away from.
------------------------------------------------------------
Real Clear Energy ([link removed]) (9/15/21) column: "Just a couple months ago Americans celebrated July 4 – the anniversary of our nation’s Declaration of Independence. We no longer wanted to be part of a system where policy was set by a remote government official or a king. A new nation was born out of this idea. When the Founders sat down to craft a constitution for the nation, they proposed a representative government. States would remain in charge of local issues, but Senators and Representatives, working with the President, would set national policy. But whether local or national, public policy would be in the hands of elected representatives. Cities like Baltimore, San Francisco, and Oakland are now rejecting that system. In 2018, Baltimore filed suit against major oil companies demanding billions of dollars for what the city fears will be harms in the future from global climate change. The city is not willing to leave public policy up to Congress. It wants
to usurp the role of our elected representatives and hand policymaking over local judges...This is an issue for Congress. What is best for Baltimore, San Francisco, Oakland or even the entire State of Maryland or California is not necessarily what is best for the nation. In 1776, a nation was born from the idea that policy should be made by elected representatives. Maybe this is something the people behind the litigation in Baltimore need to remember."


** "For the most part, transit is as obsolete today as manual typewriters, rotary telephones, and slide rules, and Congress should stop subsidizing this out-of-date form of transportation."
------------------------------------------------------------


– Randal O'Toole, The Cato Institute ([link removed])

============================================================

Kerry strikes out in China. Kerry strikes out in India. Are you sensing a pattern yet?

** The Hindu ([link removed])
(9/15/21) reports: "The world is watching commitments on climate change made by all “big emitters” said U.S. Special envoy John Kerry on Tuesday. He was making a pitch for India to announce a pledge to reduce emissions to “net zero” (carbon-neutral) by 2050 — to ensure global warming is held at 1.5 degrees Celsius — at the upcoming COP26 summit in the UK in November. However, the government said it does not consider the 'net zero' goal its only priority at present, and Mr. Kerry admitted that he had not received a firm pledge from New Delhi on the issue yet. Speaking at the end of his visit to Delhi, where he launched the U.S.-India Climate Action and Finance Mobilization Dialogue with Minister of Environment and Climate Change Bhupender Yadav, Mr. Kerry said he had “personally urged the government” to increase India’s commitments to ensure global warming levels are held at 1.5 degrees, instead of the 2 degrees announced at the Paris summit in 2015. Mr. Kerry said it is important to
announce this as a part of India’s 'Nationally Determined Contributions' (NDCs) now, as the next decade is critical for the battle against climate change."

Looking for bad actors driving up energy prices for political profit? Why don't you look in the mirror, Joe...

** ([link removed])

Pouring on the coal.

** Bloomberg ([link removed])
(9/16/21) reports: "Goldman Sachs Group Inc. almost doubled its outlook for Asian coal prices as a global recovery in power demand and production issues in key mining countries combine to make supply scarce. Benchmark Newcastle thermal coal will average $190 a ton in the fourth quarter, up from a previous forecast of $100, to meet demand in the northern hemisphere winter and taking account of a global rally in natural gas, analysts Paul Young and Hugo Nicolaci said Tuesday in a research note. The bank lifted its 2022 forecast to $120 a ton from $85. Global coal exports from major producers were up about 8% in May and June, as a rebound in Indonesian supply was dimmed by lower output in Australia, South Africa and Colombia. Meanwhile, purchases in the big importers including Japan, South Korea and China were up 16% in June. Newcastle coal rose to $181 a ton as of Sept. 13, according to weekly data published by China Coal Resource."

** ([link removed])

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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: ↓ $71.69
Natural Gas: ↓ $5.23
Gasoline: ~ $3.19

Diesel: ↑ $3.30
Heating Oil: ↓ $220.09
Brent Crude Oil: ↓ 74.95
** US Rig Count ([link removed])
: ↓ 607



** Donate ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Friend on Facebook ([link removed])
** Friend on Facebook ([link removed])
** Follow on Twitter ([link removed])
** Follow on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 900 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])