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MORNING ENERGY NEWS | 10.25.2019
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** There is a clear cause and effect at play here.
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Bloomberg ([link removed]) (10/17/19) reports: "A skinny Brooklyn brownstone was ready for occupants in mid-August. The beds in each unit had comforters, the drawers in the kitchens had utensils, and the living rooms had baskets of toys for the children who were about to move in. “It looks like someone just stepped out to the street to go to the bodega,” Scott Stepp, director of development at Providence House, a nonprofit that provides housing for homeless mothers. The homes had one problem: Providence House couldn’t get National Grid Plc, the local utility, to hook up the gas to the buildings. That’s because National Grid and New York state are fighting over an underground pipeline—and the future of energy. National Grid, which provides gas to more than 20 million people, has been at loggerheads with state regulators over a plan to build a new project under the mouth of the Hudson
River. New York Governor Andrew Cuomo is backing an ambitious push towards renewable energy sources and has opposed new pipelines for natural gas. Local environmental groups have also mounted an offensive against new fossil fuel infrastructure...This problem has the potential to play out in cities across the U.S., where the need for new and upgraded gas pipelines meets growing environmental pushback that makes it hard, if not impossible, to expand and improve existing systems."


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"With unmatched skill, grit, and devotion, you are making America the greatest energy superpower in the history of the world. You’re number one, by far, now. "
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– ([link removed]) D ([link removed]) onald J. Trump, President of the United States ([link removed])

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President Trump understands what is at stake.

** E&E News ([link removed])
(10/24/19) reports: "President Trump touted his administration's embrace of the fossil fuel industry yesterday, warning in a speech in battleground Pennsylvania that his Democratic opponents would roll it all back. 'If the other people ever get in,' Trump said at the ninth annual Shale Insight conference in Pittsburgh, 'you'll all be out of business very quickly.' He mentioned his administration's rollback of his predecessor's "ridiculous" environmental regulations, took credit for record U.S. energy production, praised actions such as moving toward Arctic National Wildlife Refuge drilling and bashed the Paris climate accord. But he spent nearly as much time criticizing congressional Democrats, those running for president and his vanquished 2016 Democratic presidential rival Hillary Clinton...But he warned that 'many politicians are targeting your industry and your jobs for literally total destruction.' He mused whether it was 'stupidity' or 'evil' that was prompting 'every leading
Democrat' to pledge to eliminate fossil fuels. 'These Democrat plans would obliterate millions of American jobs, devastating communities across Pennsylvania and bankrupting families all across the nation,' he said, decrying 'anti-energy zealots.'"

Meanwhile, this might play with the penthouse set, but you'll also have to win Peoria to become the Majority Leader, Chuck...

** New York Times ([link removed])
(10/24/19) op-ed: "Scientists tell us that to avoid the most devastating effects of climate change, the world needs to be carbon neutral — to have net-zero carbon dioxide emissions — by midcentury. At the moment, we are not remotely on track to meet that target. We need to act urgently and ambitiously, which will require building diverse coalitions of political support. That’s why I am announcing a new proposal designed to rapidly phase out gas-powered vehicles and replace them with zero-emission, or “clean,” vehicles like electric cars...How would the plan work? First, it would give you a large discount on an American-made electric vehicle when you trade in a gas-powered car...Second, the plan would make electric vehicles — and the necessary battery-charging infrastructure — accessible to all Americans, regardless of where they live and work...Third, the plan aims to establish the United States as the global leader in electric vehicle and battery manufacturing by providing grants to
retool existing manufacturing plants in the United States and build new ones in this country that specialize in those technologies...I have promised that if Democrats win control of the Senate in November 2020, I, as majority leader, will introduce bold and far-reaching climate legislation. This proposal for clean cars would be a key element of that bill."

Rolling blackouts, high gasoline prices, natural gas bans. Welcome to the Green New Deal.

** The Daily Caller ([link removed])
(10/23/19) reports: "The price of a gallon of gas costs more in California than in the rest of the country for a variety of reasons, but government regulations, rising house costs and steep taxes are playing a significant role. California Gov. Gavin Newsom asked his attorney general Monday to investigate oil companies for conspiring to keep gas prices artificially high. Yet years of tax increases, pricey fees and a lack of infrastructure in California are more to blame than a vast conspiracy concocted by big oil. The Democratic governor is facing heat as prices go up and Californians lose power...Former Democratic Gov. Gray Davis of California has experience with such recriminations. He was recalled in 2003 for mishandling the state’s budget, increasing California’s car registration fees, high gas prices and rolling blackouts. It was only the second such recall election in U.S. history. Actor Arnold Schwarzenegger won the special election in November of that same year. A similar situation
is unfolding in 2019. The price of a gallon of gas in California is slowly increasing, with the average cost skyrocketing to $4.18 while drivers in other areas are paying as much as $5 per gallon, CNN Business reported on Oct. 8. California’s gas taxes are already some of the highest in the country, so the price increases are adding insult to injury."

These aren't the climate related deaths you'll hear Greta, Bernie, and AOC talking about.

** New York Post ([link removed])
(10/23/19) column: "When Swedish eco-pessimist Greta Thunberg came to New York to shout, “How dare you!” last month, she maintained her climate purity by traveling on a carbon-neutral, solar-powered yacht. Now that she’s in Canada, the teen doomsayer hasn’t explained how she’ll travel 4,000 miles home to Sweden without flying...No one has said it explicitly yet, but this relentless pressure to reduce emissions appears to have been a significant factor in the disastrous safety failures of the Boeing 737 MAX aircraft, which resulted in two fatal crashes in the past year, claiming 346 lives. The warning from Boeing’s catastrophes is that climate ideology can have fatal consequences...The 737 MAX was trumpeted as 'Boeing’s game changer.' It reduced emissions by 14 percent and Boeing raced it into production to compete with a climate-friendly new offering from Airbus. But in order to achieve its green goal, Boeing had to use much bigger engines that didn’t fit in the usual position under the
wing of the repurposed, 53-year-old 737 design...The eco-imperative for Boeing was more than woke posturing. Its customers, the airlines, were demanding better environmental performance because of regulations and mounting threats from climate-conscious institutional investors. Biofuels and electric planes aren’t yet viable, so fuel efficiency was the only option."

Things are going to get worse before they get better in Canada. But this is a good start.

** CBC ([link removed])
(10/24/19) reports: "Doug Ford said Thursday his government is 'going to pursue' its legal challenge of the federal carbon tax, days after Justin Trudeau's Liberals secured another mandate in the form of a minority government. Speaking in his first media interview since Monday's election, Ford told CP24 'we will see it through' when asked about the fate of the challenge. In June, Ontario's top court struck down his government's case against the tax, saying the federal legislation — the Greenhouse Gas Pollution Pricing Act, enacted in April — is constitutionally sound. The same day, the Ford government signalled its intention to appeal to the Supreme Court of Canada...The federal government imposed a carbon-pricing scheme on Ontario, Manitoba, New Brunswick and Saskatchewan, all of which don't have one of their own, earlier this year. The Supreme Court will hear Saskatchewan's challenge of the tax in December. Alberta and Manitoba have also mounted court challenges to the tax, while New
Brunswick has supported Saskatchewan's challenge."

When is Congress going to own up to their colossal blunder and repeal the RFS? It's time to put consumers first for a change.

** Washington Times ([link removed])
(10/24/19) column: "Having the best of intentions is no protection from the worst of consequences. That’s the sobering lesson from the government-run experiment with renewable fuels. Promoted as a cleaner alternative to gasoline, federal fuel mandates have their own environmental impacts. Though America’s farmers have reaped the benefits of selling food crops for fuel production, it is time to mix U.S. energy policy with a strong dose of reason. President Trump recently announced a new federal commitment to the so-called Renewable Fuel Standard (RFS), which requires the addition of billions of gallons of crop-derived ethanol into the nation’s supply of gasoline and diesel fuel. 'The Farmers are going to be so happy when they see what we are doing for Ethanol,' the president tweeted...It is understandable that Mr. Trump wants to lend a hand to American farmers hurt by the ongoing trade war between the United States and China. His plan to boost ethanol as well as the Renewable Fuel Standard
for 2020, due by Nov. 30, should acknowledge that the benefits of crop-based biofuels are not cut and dried. The current ethanol use makes balancing the nation’s clean air and water needs trickier, and the bounty of petroleum products make reliance on alternative sources of energy less vital."

If you oppose a carbon tax, please ** contact us and take a stand (mailto:[email protected]?subject=Carbon%20Tax%20list)
.

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
Amy Oliver Cooke, Independence 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
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↓ $56.11
Natural Gas: ↓ $2.31
Gasoline: ↓ $2.61

Diesel: ↓ $2.99
Heating Oil: ↓ $198.03
Brent Crude Oil: ↓ $61.62
** US Rig Count ([link removed])
: ↓ 858



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