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DAILY ENERGY NEWS | 11/12/2021
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** In our house, we get coal in our stockings because we've been good.
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Real Clear Energy ([link removed]) (11/11/21) op-ed: "Regardless of whether the coming winter proves to be mild or severe, Americans are going to be paying a lot more just to stay warm. In the midst of a global energy crisis, energy-driven inflation is here and most Americans are deeply concerned. Unfortunately, energy policy now under consideration could make the situation far worse, rather than better...While Americans are feeling the pinch of higher energy prices, the situation is far worse in Europe. In the United Kingdom, energy providers are going bust at an alarming rate as they deal with soaring energy costs, pricing caps, and the government’s “renewable fees” to force wind and solar power onto the grid. The crisis is poised to leave many Britons experiencing a serious cost crunch just to keep warm. In Germany, inflation is at its highest levels since the 1990s, with soaring
energy costs correctly identified as the culprit. Astronomical natural gas prices and a lack of secure supply have left governments and utilities across the continent begging for more Russian natural gas. Relying on the goodwill of Vladimir Putin to keep the heat and lights on is hardly successful policy...While Americans will be paying more for energy this winter, they’re largely shielded from the astronomical prices seen across the Atlantic because of robust domestic energy production and a diversified electricity mix. For example, coal generation in the U.S. is expected to jump 22% this year as coal regains market share from higher-priced natural gas, easing the pressure on ratepayers. Because coal has been largely pushed aside in Europe, consumers don’t have that optionality to protect them from soaring prices."


** John Kerry is spectacularly wrong about almost everything. But at least he blows it with confidence.
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Bloomberg ([link removed]) (11/9/21) reports "John Kerry, the U.S. special envoy for climate, predicted the world’s biggest economy will stop burning coal by the end of the decade. 'By 2030 in the United States, we won’t have coal,' Kerry said Tuesday during an interview with Bloomberg Editor-in-Chief John Micklethwait, at the COP26 climate conference in Glasgow. 'We will not have coal plants.' The U.S. has a long way to go to become coal free. President Joe Biden’s most ambitious efforts to wean the nation from fossil fuels through a $1.75 trillion spending bill have been thwarted by opposition from Senator Joe Manchin, a Democrat from coal-rich West Virginia. Manchin holds a key swing vote in the Senate and has pushed to remove provisions hostile to coal. The U.S. gets nearly 25% of its electricity from the fuel, and many of the nation’s largest power companies don’t plan to phase
out their emissions from fossil fuels until 2050."
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** "There’s something pathetic about people in the Climate Death Star making ever loftier promises to one another that they cannot get past their own citizens. It’s not confronting reality, it’s taking a pampered, gloating holiday from it."
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– John Robson, National Post ([link removed])

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"How many Biden appointees are willing to see Americans shivering in the cold this winter as long as they can boast of reductions in U.S. emissions at the next international climate summit?"

** New York Post ([link removed])
(11/9/21) op-ed: "One year ago, President-elect Joe Biden warned that Americans would have a 'very dark winter' because of COVID. Now that he is president, Biden may give Americans a Valley Forge winter — a season that could be both brutally cold and bitterly expensive. That could produce a political disaster that surpasses all of Biden’s previous bungling...But the Biden infrastructure bill that Congress just enacted is expected to worsen inflation for key supplies. Shortly before Biden was elected, America had finally achieved energy independence. But while Biden is talking tough against Vladimir Putin, US imports of Russian oil have soared this year. As the Institute for Energy Research reported last week, 'Biden is asking for help from domestic producers without giving them back any of the tools he took away — the Keystone XL pipeline . . . a ban on new oil and gas leases on federal land and waters, and pressure on banks not to lend to the oil and gas industry.' At the same time that
Biden is beseeching OPEC to boost oil output, 'the Biden administration is sending a strong signal that American energy is not welcome,' the institute notes. This mindset is epitomized by Saule Omarova, Biden’s nominee for comptroller of the currency, who graduated from college in the Soviet Union. Earlier this year, Omarova declared that 'we want [oil and gas companies] to go bankrupt' in order 'to tackle climate change.'"

Everyone has to do their part for the new climate order. Even the asthmatic children.

** Daily Mail ([link removed])
(11/9/21) reports: "An infant school has faced a backlash after asking children to wear extra layers - so it can save money on rising heating costs. Summerhill Infants has told parents it faces bills of more than £30,000 for heating and therefore would be forced to make some changes. In an email sent to parents, staff at the school in Bristol said it will limit the time the heating is on in the day, turn down thermostats for hot water and turn off lights when not in use. And it also asked parents to send their children into school wearing warmer clothes so it could limit bills as fuel costs skyrocket. In response, one anonymous parent told the BBC she was concerned the decision could affect her child's asthma. She said: 'Being in the cold can really affect her, so I think that she can potentially get ill. 'If she starts getting ill I will take her out because I can provide her heating at home, as much as that's expensive...The latest plea comes during a 'bloodbath' of small energy providers
which have collapsed, shifting the burden of costs onto larger providers due to rising natural gas prices and the energy price cap."

Nothin' shakin' on Shakedown Street...

** Bloomberg ([link removed])
(11/10/21) reports: "India has named its price in high-stakes climate talks: if the rich countries want it to cut planet-warming emissions, they need to come up with $1 trillion of public cash by the end of the decade. The demand comes after India’s surprise announcement at the opening of COP26 negotiations in Glasgow, Scotland, that it would set an ambitious new goal to reach net-zero emissions by 2070. In his speech, Prime Minister Narendra Modi said that rich countries should provide as much as $1 trillion in climate finance. On Wednesday, Indian officials clarified their demands. They want $1 trillion in funds just for India by 2030 — ten times more than the unmet $100 billion a year for all poor countries sought under previous deals. Over a decade, that would mean advanced economies have to give India the same amount of funds they’ve promised for all poor countries. India is asking for such a large sum because it’s also taking into account loss and damage, Environment Secretary
Rameshwar Prasad Gupta said in an interview, referring to what poor countries see as a debt owed by nations who are responsible for the bulk of greenhouse gases accumulated in the atmosphere. Rich countries’ current $100 billion a year target is only meant to fund decarbonization measures and infrastructure that helps protect against more extreme weather events. "

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If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

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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: ↓ $80.45
Natural Gas: ↓ $5.03
Gasoline: ~ $3.41

Diesel: ↑ $3.64
Heating Oil: ↓ $239.50
Brent Crude Oil: ↓ $81.55
** US Rig Count ([link removed])
: ↓ 657



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