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MORNING ENERGY NEWS | 10.28.2019
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** The problem is you need to eat.
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I ([link removed]) nside Climate News ([link removed]) (10/21/19) reports: "In California, a state legislator introduced a bill called the California Climate-Friendly Food Program, with the goal of promoting plant-based foods in schools and reducing greenhouse gas emissions linked to livestock. Within a few months, references to climate change were stripped out of the text and title. The bill instead became the California School Plant-Based Food and Beverage Program. On the other coast, in Maryland, the state's Green Purchasing Committee launched the Carbon-Intensive Foods Subcommittee to study which foods have the largest carbon footprints and to steer the state away from buying those foods. The administration of Gov. Larry Hogan disbanded the committee months later...Early this year, the
EAT-Lancet Commission, in a major scientific report, urged a 'comprehensive shift' in the world's diet. In July, the World Resources Institute, the United Nations and other groups released a massive report finding that the world needs to produce 50 percent more food without expanding the food system's carbon footprint. And in August, the United Nations Intergovernmental Panel on Climate Change released a report calling for a major overhaul in the global food system. All of them recommend lowering consumption of meat, dairy and carbon-intensive foods, especially in developed countries."


** At least they're being honest about their desire to turn family dinners into fear factor.
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CNN ([link removed]) (10/25/19) reports: "On a morning in the not-too-distant future, you might toast bread made with cricket flour, drink a protein smoothie made from locust powder, and eat scrambled eggs (made extra-creamy with the fat from mopane caterpillars) with a side of mealworm bacon. That meal will give you four times the iron, more than three times the protein and more key vitamins and minerals than the bread, smoothie, eggs and bacon you eat today -- all while saving the planet...Many countries and traditions have known this for decades, even centuries. According to a 2013 report by the United Nations Food and Agriculture Organization (FAO), at least 2 billion people worldwide eat bugs every day...And then there's the biggest selling point: Devouring bugs instead of methane-producing livestock is an easy, excellent way to
deliver quality nutrition to the masses of humanity while helping the environment...Consider the devastating effects of climate change, overfishing, water shortages and a reduced productivity of crop-growing fields, and it's easy to see how insects will soon be the protein of the future."


** "Don't believe what they say about Calif. blackouts They result from *political* failure to hold PG&E accountable after $21 BILLION bail-out. Failure stems from decades-long focus on climate/renewables instead of fortifying electric grid & a weak, distracted governor"
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– ([link removed]) Mike Shellenberger, Environmental Progress ([link removed])

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The corn capos are doing more damage than most realize.

** The Hill ([link removed])
(10/25/19) reports: "According to the National Oceanic and Atmospheric Administration, this year’s “dead zone” in the Gulf of Mexico, where oxygen levels are so low that sea life is killed or maimed, was larger than three U.S. states. One significant cause is agricultural runoff jettisoned from the Mississippi River, which feeds the massive algal blooms whose decomposition depletes water oxygen. Like many other ongoing environmental problems affecting the Midwest, this one is aggravated by the Renewable Fuel Standard...The U.S. already produced massive amounts of corn before the RFS, which means that the best areas to grow corn were already being used for that purpose. Expansion followed in areas less suited for corn production—often environmentally sensitive or marginal land where inadequate rainfall left farms reliant on already-overdrawn aquifers...The environmental benefits of corn-based ethanol are not strong enough to justify any of this. The environmental case for biofuels rests
almost entirely on their reduced emissions—but those themselves are a matter of intense academic controversy. A recent meta-analysis published in the American Journal of Agricultural Economics reviewed every paper released on the topic and concluded corn ethanol offers an unimpressive 0.23 percent total reduction in greenhouse gasses relative to gasoline."

Now, where have we heard these talking points before?

** T ([link removed])
** he Daily Caller ([link removed])
(10/26/19) reports: "Democratic California Gov. Gavin Newsom is warning citizens that they could be in for a long weekend as the state’s public utility announced Saturday plans to shut down huge sections of the electric grid. The Pacific Gas and Electric Company’s move could black out an estimated 940,000 homes and businesses in parts of more than 30 counties up and down California. PG&E is trying to prevent potential wildfires from spreading through the state while keeping tabs on downed power lines...The rolling blackouts could surpass those of the 750,000 customers who dealt with similar shut-offs earlier in October. Newsom started to circulate blame for many of the problems Californians are facing, including the blackouts and rising gas prices...'It’s more than just climate change. It’s about the failure of capitalism to address climate change,' he told reporters Friday as he spoke about the utility’s continued use of rolling blackouts."

Energy Markets


WTI Crude Oil: ↓ $56.32
Natural Gas: ↓ $2.35
Gasoline: ↓ $2.60

Diesel: ~ $3.00
Heating Oil: ↓ $197.15
Brent Crude Oil: ↓ $61.38
** US Rig Count ([link removed])
: ↑ 857



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