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MORNING ENERGY NEWS | 10.24.2019
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** Fear not. You shall know the truth and the truth shall make you free.
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"This President has signed more bills cutting red tape than any President in history. And we’ve unleashed American energy; an American energy renaissance is on."
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– ([link removed]) M ([link removed]) ike Pence, ([link removed])
Vice President of the United States (http://)
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There are two things President Trump must to do to right this injustice:
1. Do not sign a bill to expand solar subsidies to prevent this type of fraud from continuing.
2. Direct the feds to drive the Bandit's Trans Am to the White House and park it in the front lawn to trigger the snowflakes.
** The Hill ([link removed])
(10/22/19) reports: "Federal authorities have charged two employees of a Bay Area solar energy company of defrauding investors of $1 billion, according to the Associated Press. The allegations come as authorities auction off a collection of nearly 150 cars, including a 1978 Pontiac Trans Am once owned by late actor Burt Reynolds, belonging to the owners of the company, who have not been charged. Accumulated online bidding for the collection has already topped $5.5 million, according to the AP...Profits of the auction will go to the owners – Jeffrey and Paulette Carpoff Martinez – if they are not convicted of a crime. Employees Ronald Roach, 53, and Joseph Bayliss, 44, both pleaded guilty to the ponzi scheme. DC Solar made solar generators that were marketed as power sources for lighting at sports events and emergency power for businesses such as cellphone companies, according to the AP. According to the investigation, investors were supposed to be paid by the company with profits, but
since the generators never made much profits, they were often paid with money given by other investors."
Imagine how cheap it would be with reasonable infrastructure available.
** T ([link removed])
** he Post-Standard ([link removed])
(10/21/19) reports: "National Grid customers can expect a substantial break on their natural gas bills this winter, but they will likely see a slight increase in their electric bills. The energy delivery company is forecasting an 18% drop in natural gas bills from Nov. 1, 2019, through March 31, 2020. Virginia Limmiatis, a spokeswoman for the company, said the average monthly residential natural gas bill in Central New York is expected to be $93.20 -- $20.40 less than last winter...The company said its forecast is only approximate because energy costs and usage are impacted by weather conditions. Severely cold or unusually warm temperatures can dramatically impact wholesale energy supply prices and energy consumption, it said. Energy bills are a combination of supply prices, which are based largely on market conditions, and delivery prices, which are set by regulation, according to the company. National Grid purchases electricity and natural gas from suppliers, then delivers it to its
customers. It said it makes no money on the purchases, just on the delivery of the energy to customers."
It's like these people enjoy getting embarrassed in public and wasting your time.
** Energy In Depth ([link removed])
(10/23/19) blog: "Activists called a hearing this week on Capitol Hill in a desperate attempt to drive attention and enthusiasm to their flailing 'Exxon Knew' campaign. But those same activists, including Harvard historian Naomi Oreskes and attorney Sharon Eubanks quickly found themselves on their heels as they struggled to respond to questions about their academic integrity and coordination with anti-energy groups...The testy exchanges in the hearing room occurred as Bloomberg reported on the New York attorney general’s trial against ExxonMobil, which noted that the 'Exxon Knew' argument was falling apart after the attorney general failed to find any evidence to support their claims...Naomi Oreskes, a master of manipulating research to fit her predetermined anti-energy narrative, found herself in the crosshairs during a hearing designed to give her a platform to attack energy companies. Rep. Carol Miller (R-WV-03) opened her questioning by immediately focusing on Oreskes’ deeply flawed
'study' attacking ExxonMobil’s climate history. 'Do you acknowledge that there is a flaw in your study where two-thirds of the advertorials cited are from two different companies?' Rep. Miller asked"
The Greens are outraged that the laws they implemented to raise the cost of energy are raising the cost of energy.
** W ([link removed])
** all Street Journal ([link removed])
(10/22/19) editorial: "Democrats in California have worked hard for years to inflate gasoline prices, but now they’re searching for a fall guy as voters gripe about how much they’re paying to fill up. Round up the usual fossil-fuel suspects! California Gov. Gavin Newsom on Monday ordered state Attorney General Xavier Becerra to investigate oil companies for allegedly overcharging consumers and price-fixing. Gas prices in California average $4.13 per gallon, about $1.50 more than the rest of the U.S. 'The mystery surcharge adds up, especially for cost-conscious, working families,' the Governor declared. You have to excuse his apparent shock. He may not have filled a tank in awhile, and gas prices in California spiked last month amid refinery problems. Few refiners outside of California produce its special clean-burning fuel, which adds about 10 cents a gallon. When a refinery in the state has an outage, gasoline must be imported by tanker at higher cost...So Californians in the future can
look forward to paying more to drive on deteriorating roads as they head to homes without electricity due to blackouts. How long will it take California voters to figure out that these are problems made in Sacramento by politicians?"
Energy Markets
WTI Crude Oil: ↓ $55.83
Natural Gas: ↑ $2.31
Gasoline: ↓ $2.62
Diesel: ~ $2.99
Heating Oil: ↓ $196.31
Brent Crude Oil: ↑ $61.21
** US Rig Count ([link removed])
: ↓ 859
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