Your Morning Energy News

View this email in your browser ([link removed])
MORNING ENERGY NEWS | 10/01/2021
Subscribe Now ([link removed])


** If you want to see what happens when you implement even some of the Green New Deal's anti-energy policies, look to Europe. This year's cold season will not be pleasant across the pond...
------------------------------------------------------------
Bloomberg ([link removed]) (10/1/21) reports: "European gas surged to a record 100 euros as China stepped up a global fight for energy supplies, in a move that threatens to derail the economic recovery. Prices later retreated. In volatile trading, benchmark futures gained as much 2.3% on Friday before retreating. China ordered its state-owned energy companies to secure supplies for this winter at all costs, according to people familiar with the matter. That will intensify a battle for liquefied natural gas and coal cargoes just as flows into Germany via a key Russian pipeline tumbled. Energy prices are rising from the U.S. to Europe and Asia as the economy recovers from the global pandemic and people return to the offices. Europe is struggling to
secure enough gas and coal ahead of the winter, with rising prices forcing some of industrial giants from fertilizer producers CF Industries to Yara International ASA and chemicals giant BASF SE to shut plants or curtail output...European storage sites are just under 75% full, the lowest level for this time of year in more than a decade. Inventory withdrawals typically start by the end of the month, depending on the weather."

[link removed]


** "Cutting fossil fuels as quickly as some environmentalists want will be tremendously difficult. In 2020 pandemic lockdowns forced the world to cut carbon emissions significantly. But to fulfill the Paris climate accords completely, the United Nations says that global emissions would have to plunge even further every year for the rest of the decade."
------------------------------------------------------------


– Bjorn Lomborg, Copenhagen Consensus ([link removed])

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

In the last 6 weeks, the US has asked Russia (ie OPEC+) for oil, and Europe has asked Russia for natural gas, and now coal. You tell me, who has the leverage at COP26?

** Bloomberg ([link removed])
(9/30/21) reports: "It’s not just extra natural gas that Europe’s struggling energy markets are finding tough to get from Russia. Power producers in the continent are being forced to ask Russia for more coal to ease an energy crunch with winter approaching and record-high gas prices denting profitability, according to officials at two Russian coal companies. But they may be left stranded as any increase in exports from the country won’t be substantial, they said. Having largely turned away from coal for years in an attempt to green its electricity generation, Europe is now in a conundrum. The region’s gas storage sites are only partially full, liquefied natural gas suppliers are favoring Asia, and intermittent renewables aren’t able to fully meet demand. With the winter heating season approaching, the dependence on Russia to keep the lights on is growing...Europe’s plight highlights the energy supply crisis that’s gripping the world as countries emerge from the pandemic. Demand for oil, gas
and electricity is surging, while coal is making a comeback, driven in part by China. The fuel’s resurgence, and countries’ recent dependence on it to keep their economies running, makes critical climate talks much more complicated with the COP26 meeting just weeks away."

Achtung!

** Euro News ([link removed])
(9/30/21) reports: "Officials in Germany are investigating why a huge wind turbine collapsed just hours before it was due to be officially inaugurated. The turbine, which reached a height of 239 metres, toppled over late on Wednesday without warning. No one was injured. Remains of the structure are littered in a forest near the western town of Haltern am See in North Rhine-Westphalia. Police were not initially suspecting sabotage, according to the German DPA news agency. Costing around €2 million, the wind turbine was scheduled to be officially launched on Thursday, although it was connected to the power grid six months ago. Germany is trying to ramp up its use of renewable energy such as wind and solar as part of a transition away from fossil fuels and nuclear power."

The UK seeks an alliance to keep people of color in energy poverty. Is that what's going on here?

** Climate Home News ([link removed])
(10/1/21) reports: "The UK government is working to launch a coalition of countries and financial institutions committed to end public funding for fossil fuels abroad at UN climate talks in Glasgow this November. The Cop26 host has repeatedly said it wants the summit to 'consign coal to history' and has been working with Italy to seek agreement among major economies to end unabated coal power. But the UK’s ambition goes beyond coal. It is seeking to build an alliance of nations and institutions willing to commit to end the financing of oil and gas projects internationally. The UK is working with the European Investment Bank (EIB) to convince both developed and developing countries along with large financial institutions such as multilateral development banks to sign a statement on aligning public finance with accelerating the clean energy transition. They are asking donors and lenders to prioritise support for clean energy, to end public finance for fossil fuels and to press others to do
the same. Climate Home News understands the UK is hoping to launch the statement on the energy-themed day at Cop26 on 4 November."

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: ↑ $75.11
Natural Gas: ↓ $5.67
Gasoline: ↑ $3.19

Diesel: ↑ $3.33
Heating Oil: ↑ $235.02
Brent Crude Oil: ↑ $78.48
** US Rig Count ([link removed])
: ↓ 616



** 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])