Political Malpractice

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DAILY ENERGY NEWS | 11/10/2021

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Congratulations Joe (Manchin) on getting your infrastructure bill passed. Learn who committed political malpractice on the latest episode of The Unregulated Podcast. Now streaming on our website, or wherever you listen to podcasts.

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"To convert the electric grid to 90% renewables would require enough high-voltage transmission to circle the Earth about 10 times. That’s a lot of wire. Furthermore, attempting to build that much transmission would be staggeringly expensive."

– Robert Bryce, Forbes

It’s beyond time to reign in the unelected bureaucrats.

Washington Times (11/9/21) column: "Who gets to interpret what statutory provisions mean in certain circumstances? That question was as pointed and as important during consideration of the Constitution as it is today. Today, unfortunately, federal laws are interpreted primarily by the very agencies that are responsible for the execution of those laws. In other words, agencies, which are components of the executive branch, also get to act as legislators, filling in the blank spaces and coloring in the monochromatic places in statutory regimes. This approach is called Chevron deference or the Chevron doctrine, because it was articulated by the Supreme Court in 1984 in Chevron v. NRDC. In that ruling, the high court concluded that the agency responsible for the implementation of statutes is also empowered to interpret those statutes, provided that such interpretations are reasonable and defensible. Consequently, federal courts now defer to agencies for interpretation of statutes within their expertise. Is this a problem? Yes, it is."

The years of fighting to increase red tape is catching up to the greens.

Financial Times (11/10/21) reports: "Governments globally need to fast-track permitting for “green” infrastructure projects of national importance or risk missing decarbonisation targets, the head of one of the world’s biggest utilities has warned. Ignacio Galán, the longstanding chair and chief executive of Iberdrola, said clean energy projects such as large offshore wind farms are too often slowed down by planning bureaucracy in regions such as Europe, and can take nearly a decade from conception to start generating power. Galán, in Glasgow for the COP26 climate summit, said it sometimes took seven years to secure the necessary permissions and contracts for offshore wind projects in countries such as the UK, while construction takes less than two years. In the case of solar farms, the construction phase can be as little as six months following lengthy planning processes. Citing France’s nuclear power plants, which were built under “national interest” programmes, he said policies that speed up permitting should be applied now to renewable energy assets such as solar and wind farms...Permitting is becoming a big issue in the wind industry in particular. Global wind companies including Vestas, Orsted, SSE and Siemens Gamesa warned G20 leaders in July that efforts to meet climate targets were 'condemned to fail' unless they urgently stepped up the installation of turbines. They identified 'inadequate' permitting regimes as among the greatest barriers to faster deployment."

This sounds reasonable only if you live in the climate echo chamber.

It's going to be a cold, expensive winter in Colorado if the greens get their way...

Colorado Business Magazine (11/9/21) op-ed: "Natural gas, once seen as a bridge fuel to a new energy future, is now the target of attacks by anti-industrial activists.  Armed with significant financial assets, environmental groups have spent the past year targeting the natural gas industry and its consumers through local bans on new natural gas hookups. Most of the local bans are located in California and the Northeast, but proposals to restrict new natural gas hookups continue to spring up across the country, including in Colorado. The fact is these bans are a bad deal for consumers. Natural gas is currently used by both residential and commercial building owners for a variety of purposes, with water heating, space heating, and cooking making up the primary preferred applications. The popularity of natural gas is due to its price and the comparative savings consumers are afforded by using natural gas when compared to electricity...Natural gas bans undermine energy consumers who simply desire access to affordable and reliable energy. In order to promote competition and to preserve consumer sovereignty in energy markets, states like Colorado should continue to push back on these local bans on new natural gas hookups. "

Energy Markets

WTI Crude Oil: ↓ $83.65
Natural Gas: ↓ $4.87
Gasoline: ~ $3.41

Diesel: ~ $3.64
Heating Oil: ↓ $250.10
Brent Crude Oil: ↓ $84.57
US Rig Count: ~ 651

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