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DAILY ENERGY NEWS | 11/23/2021
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** The BBB-NWO isn't about climate, it's about control.
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Real Clear Energy ([link removed]) (11/21/21) reports: "When former President Barack Obama says “We are nowhere near where we need to be” in terms of climate change, he’s not talking about reducing carbon dioxide emissions...After all, the U.S. already leads the world in reducing Co2 emissions thanks in large part to hydraulic fracturing that accelerated during Donald Trump’s presidency. Forbes reports on the emissions reductions that occurred much to the consternation of the news media and its cheerleading for U.N. directives that raise energy costs without impacting climate. The U.S. Energy Information Administration has collected data that shows how innovative drilling techniques has unleashed natural gas, which in turn has been driving down emissions. This trendline has continued into the Biden presidency in part because natural gas has replaced
coal and in part because of COVID-19 restrictions on travel and other activities. So, if Obama isn’t talking about emissions, what did he actually meanwhile addressing the U.N’s latest climate change conference in Glasgow, Scotland earlier this month? The answer comes in the form of the $1 trillion infrastructure bill that President Biden signed into law on Monday, and other anti-energy initiatives, ostensibly advanced in the name of climate change. The directives and mandates included in the legislation make it evident that what Obama really meant during his talk at the U.N. is that centralized planners in Europe and America are 'nowhere near' where they would like to be as it relates to implementing coercive policy measures."
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** "The administration sees higher energy costs not as a problem but as an opportunity. Since it cannot bring down the price of renewables to compete with oil and gas, it needs higher oil and gas prices. But when that happens, as it has, the administration wrings its hands and complains, or tries to sic the FTC on 'price gougers.'"
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– Derrick Hollie, Reaching America ([link removed])

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The birthplace of modern energy consumption likely to experience widespread blackouts after turning from their own creation.

** Express UK ([link removed])
(11/16/21) reports: "Trading giant Trafigura has warned on Tuesday Europe faces an uncertain winter season, with dwindling gas supplies and possible power outages. In the long-term, the Swiss multinational firm claimed the price of oil could also skyrocket to more than £74 ($100) per barrel. Earlier on Tuesday, the valuable resource was trading at about £61 ($82) per barrel, slightly down on last week's highs. Forecasters fear the growing demand for gas, oil and coal, paired with a global appetite for metals, could see prices spike in the near future As the world emerges from Covid restrictions, markets have been struggling to meet the increased demand for energy. Europe, in particular, was hit by a global energy crunch that saw gas prices hit record highs. To prevent the bloc from descending into a full-blown energy crisis, the European Union (EU) has implemented a wide range of short- and medium-term emergency measures."

The final communique of COP26 told countries to use more coal, right?

** ([link removed])

And, still, they are worried about a cold winter, not a warm one.

** Bloomberg ([link removed])
(11/22/21) reports: "Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the U.K. are burning the most coal since the beginning of March to keep the lights on as the cooler-than-normal weather and sub-zero temperatures are forecast for major cities this week. Europe is facing an energy crisis as economies emerge from the pandemic and people return to the office. That’s boosting demand at a time supplies remain limited. Years of reduced investments in fossil fuels has combined with low wind speeds this year to send gas, power and carbon prices to records. With shortages of natural gas sending prices quadrupling this year, traders are preparing to burn more coal this winter, and that will require more pollution permits. At the same time, the European Union has increased its climate
ambitions, vowing to cut emissions faster this decade. That means the carbon price will have to increase more quickly."

Energy Markets


WTI Crude Oil: ↑ $77.86
Natural Gas: ↑ $4.96
Gasoline: ~ $3.40

Diesel: ~ $3.64
Heating Oil: ↑ $236.80
Brent Crude Oil: ↑ $81.20
** US Rig Count ([link removed])
: ↓ 651



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