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MORNING ENERGY NEWS | 11/01/2021
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** Does Prince Charles' jet also run on cheese and wine?
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Daily Mail ([link removed]) (11/1/21) reports: "Amazon founder Jeff Bezos' £48million Gulf Stream has led a 400-strong parade of private jets into COP25 including Prince Albert of Monaco, scores of royals and dozens of 'green' CEOs - as an extraordinary traffic jam forced empty planes to fly 30 miles to find space to park. Some environmental activists at the COP26 climate conference will be urging others to cut down on air travel and eat less meat, but apparently it is fine for billionaires to fly in on their own planes on routes already served by commercial airlines. Meanwhile, as the super rich were whisked away into waiting limos, hundreds of less fortunate delegates were left unable to get to Glasgow after brutal storms crippled rail links, forcing travellers to sleep on the floor of Euston station in London. On Sunday, MailOnline observed at least 52 private jets landing
at Glasgow - while estimates put the total number flying in for the conference at 400. Conservative predictions suggest the fleet of private jets arriving for COP26 will blast out 13,000tonnes of carbon dioxide in total - equivalent to the amount consumed by more than 1,600 Britons in a year. Prince Charles was among those travelling by non-commercial plane from the G20 in Rome, MailOnline can reveal. Flight records suggest the plane was an MOD jet."
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** Not to worry, billionaires. There are hot showers in your private jets...
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** "Literally the last 15 years is the US press saying 'whoa, China is leading the way on climate, how embarrassing for the US!' and then China every single time making the US press look like chumps. Like annually."
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– Tim Carney, American Enterprise Institute ([link removed])
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Xi didn't even bother to record a video of his speech. He's far too busy building coal plants, manufacturing solar panels (with slave labor), going on a drilling spree, and bullying Taiwan.
** Reuters ([link removed])
(11/1/21) reports: "Chinese President Xi Jinping will address the COP26 climate conference in Glasgow on Monday in the form of a written statement, according to an official schedule. Xi's statement will be uploaded to the official conference website following addresses by world leaders, including U.S. President Joe Biden and President Emmanuel Macron of France. According to the list of speakers released by the United Nations Framework Convention on Climate Change, Xi is the only leader to address the 'First Part of the High-Level Segment for Heads of State and Government' in a written statement. China is the world's biggest source of greenhouse gas emissions, making it a key player at COP26, the latest round of talks aimed at strengthening the fight against global warming, which got underway on Sunday."
Meanwhile...
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In the name of social justice, the less fortunate will freeze.
** Center of the American Experiment ([link removed])
(10/29/21) blog: "Xcel Energy made headlines this week by announcing that they will be seeking to increase the cost of electricity by a massive 21.2 percent over the next three years, but the company may have an even bigger public relations nightmare on its hands if it runs out of coal before winter approaches. Coal plants generally have about two months of coal on-site at all times, but from the looks of the coal pile at the Sherburne County (Sherco) plant, Xcel may not have as much coal on-site as it usually does for winter. The photos below show the coal pile in early June compared to a few weeks ago. The differences are stunning and worrisome, especially if we consider the blackouts that devastated Texas last February...There are several reasons why coal suppliers have not increased production, including limited access to capital, uncertain demand outlook, labor shortages, and the time it takes to increase and transport new supplies. The lack of capital for coal facilities is partly due
to pressure campaigns from environmental groups to force investors to divest from fossil fuel assets as part of their Environmental, Social, Governance (ESG) investor guidelines. These are the guidelines former Xcel Energy CEO Ben Fowke cited as the company’s reason for pursuing investments in wind and solar generation that don’t show up when we need them most."
Energy Markets
WTI Crude Oil: ↑ $84.81
Natural Gas: ↓ $5.33
Gasoline: ↑ $3.40
Diesel: ↑ $3.63
Heating Oil: ↑ $250.90
Brent Crude Oil: ↑ $84.94
** US Rig Count ([link removed])
: ↑ 656
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