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DAILY ENERGY NEWS | 11/19/2021

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Should we call her Professor or Comrade? You decide after listening to the latest episode of The Unregulated Podcast now streaming on our website, or wherever you listen to podcasts.

The show is available on all your favorite platforms including Sound Cloud, Apple Podcasts, Spotify, Stitcher, Podbay, Blubrry, and TuneIn.

The Bulb awarded to Peter Kalmus on November 18th was erroneously labeled "Bright" when, of course, he instead earned the dimmest of dim bulbs (see below).

"If a genie appeared and said 'I can make all fossil fuel and FF infrastructure disappear if you choose' I'd say yes, even knowing the chaos it would sadly cause. Because it would still be far less than the irreversible damage and chaos we're heading toward."

– Peter Kalmus,
NASA climate scientist

Shot...

Boston Herald (11/17/21) reports: "Connecticut’s governor has nixed the state’s participation in a regional plan to cut vehicle emissions amid rising gas prices, prompting critics in Massachusetts to question the program’s viability while the Baker administration remains silent. 'With Connecticut backing off from TCI, Massachusetts should follow. There is no legitimate reason for Massachusetts to continue in the scheme. At this point, it’s no longer a regional approach and will achieve next to nothing for the environment. It will, however, inflict significant economic harm on the working poor and middle class,' said Paul Diego Craney, spokesperson for Mass Fiscal Alliance. The TCI partnership championed by Massachusetts Gov. Charlie Baker aims to cap carbon pollution by taxing fuel companies that exceed emissions limits by forcing them to buy permits. The proceeds would be invested in green transportation and climate-resilient infrastructure. Critics say the cap-and-invest program is another regressive gas tax — one consumers still recovering from the coronavirus pandemic can’t afford. The tax would be passed down to motorists at the pump — adding about 5 to 9 cents per gallon by 2023, according to the Baker administration."

Chaser...

Hartford Courant (11/19/21) reports: "Massachusetts Gov. Charlie Baker is abandoning his administration’s ambitious plan to create a multi-state compact aimed at dramatically reducing transportation pollution after the deal failed to gain traction in other states. The announcement comes after Democratic Connecticut Gov. Ned Lamont, who supported the initiative, indicated this week he was backing away from the Transportation and Climate Initiative. Rhode Island was the only other state to have expressed interest in the compact. Baker quickly followed suit on Thursday. The Republican had initially hoped more than a dozen states would sign on...From the start, however, critics — including business and conservative groups — pointed to potential gas price hikes. If fuel companies passed the cost of the allowances onto consumers, the price of gas in the region could have climbed by 5 to 17 cents per gallon. Paul Diego Craney, spokesman for the Massachusetts Fiscal Alliance, welcomed the collapse of the compact. 'TCI is a regressive gas tax scheme that would have hurt middle class and the working poor the most. It’s such wonderful news to see that Massachusetts families will not be forced to endure the economic hardship TCI would have imposed upon them,' said Craney."

Try as you might, you can't power your EV on enthusiasm...

When did the "investor class" decide it was perfectly fine to stick their noses in everybody else's business?

Roll Call (11/18/21) reports: "Federal and state regulators must push insurance companies to disclose more information on climate-related risk and their role in underwriting the fossil fuel industry, investors and advocates said in comment letters to the Treasury Department’s Federal Insurance Office. Without such efforts, some investment advisers fear that regulators will lack the information needed to formulate and implement policies that would shield policyholders from skyrocketing claims due to extreme weather events exacerbated by climate change. They may also lack understanding of which market participants are making fossil fuel projects economically feasible amid the government and private sector’s push toward net-zero emissions. 'We have a difficult time assessing the proportion of premiums insurers receive from different sectors and therefore, we only have anecdotal data on what percent of insurers’ premiums come from the fossil fuel industry,' Leslie Samuelrich, president of Green Century Capital Management, said in a letter. 'Nor do we have an insight into what types of fossil fuel operations and infrastructure these companies are insuring.'"

If you oppose a carbon tax, take a stand and contact us.

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: ↓ $76.50
Natural Gas: ↓ $4.94
Gasoline: ~ $3.41

Diesel: ~ $3.64
Heating Oil: ↓ $1230.52
Brent Crude Oil: ↓ $79.02
US Rig Count: ↓ 641

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