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MORNING ENERGY NEWS  |  11.1.2019
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The eco-yacht charter must not have a direct route to China yet.


China Dialogue (10/23/19) reports: "Greta Thunberg, the 16 year old who led school strikes and spurred a new wave of climate debate, has finally broken through on Chinese social media. Her four-minute speech at the September UN climate summit in New York, along with video of her glaring at President Trump, were widely shared in China. Internet users started to ask: 'Who is she, and what does she want?' No survey has asked this specific question, but it’s reasonable to say climate isn’t one of the issues university students care most about. In February this year, a survey by Youth.cn found their top concerns to be education (79.8%) and employment (77.1%), followed by housing, healthcare and entrepreneurship. The environment was sixth of the nine topics. Climate change wasn’t even specified. 'Other students I know are worried about their studies or finding work. They’re not worried about climate change,' said Min Qiyang, just returned to China from the UN youth climate summit in New York. 'My classmates hardly ever discuss it.' But perhaps the main reason China’s young people seem cold on the climate is that 'nobody thinks it’s that important.'"

"Individual African countries and regions should be the ones making [energy] decisions – not outsiders, and not based on disinformation, pressure and bullying from those outsiders. They should not be forced to accept biomass energy imposed on them by global eco-imperialists."

 

– Duggan Flanakin, Committee For A Constructive Tomorrow

No more half measures.


Reason (10/31/19) column: "It's time for the annual congressional fight over the Renewable Fuel Standard, or RFS. In one corner sit corn farmers and their representatives, who fight tenaciously not just to preserve the RFS but to expand it. In the other sits, well, just about everyone else. Whether you are a refiner, a consumer, an environmentalist, a free market economist, or just someone who cares about good government, there is ample reason to oppose the ethanol mandate...Sadly, Congress is not currently preparing to revisit the big picture. The current battle is primarily over the use of waivers authorized by the law to mitigate the negative impact of the mandate on small refiners that are unable to blend their own ethanol or afford offsets. The House just convened a hearing on the topic, titled 'Protecting the RFS: The Trump Administration's Abuse of Secret Waivers.' Eliminating the mandate and its market distortions altogether would be even better."

Third world problems coming to a blue state near you.


Commentary Magazine (10/30/19) column: "California—a state that by itself constitutes the world’s fifth-largest economy, is endowed with vast stores of human and natural resources, and has one of the planet’s most amenable climates for human habitation—is failing. The Golden State is host to one of the country’s worst homelessness epidemics. It’s a state in which 19th century diseases such as typhus and tuberculosis are making a comeback. More people are moving out of the state than into it. Its rates of violent crime are on the rise. It has more failing schools than any other state in the Union. And now, true to basket-case form, California is home to massive, rolling power outages. But unlike in the developing world, these blackouts are not a result of resource deficiency but the voluntary imposition of darkness on the public..In some of the nation’s most reliably Democratic states, basic modern necessities, such as access to power and heat, are becoming harder to come by. These are not the inevitable results of natural phenomena but failures of governance. For this, residents of these states have no one to blame but themselves. They voted themselves into this predicament. Fortunately, they can also vote themselves out of it.."

The could at least pretend it isn't all about money.


Issues & Insights (10/30/19) blog: "North and South American natives once spoke of the mythical El Dorado, a sacred city made entirely of gold. History records that conquistadors embarked on expeditions throughout the Americas in pursuit of El Dorado and legendary riches. Ultimately their quests yielded nothing but misery and loss. A modern-day parallel exists among several municipal governments and Rhode Island, which have set out on an equally unrealistic quest for a modern-day 'jackpot justice' – a scheme to reap billions from several energy companies...Their cases, incidentally, fail to mention the large amounts of fossil fuels used by these same cities for public transportation, municipal airports, city buildings, and public improvement projects...Aside from the shameless hypocrisy of mayors wooing potential investors while claiming pending climate disaster in court, the motivation behind these lawsuits is clear. Many cities filing lawsuits against energy companies are financial train wrecks, seeking billions to offset their mismanagement. Huge legal awards – enough to make their fiscal troubles vanish – have a powerful allure. The prospect of jackpot justice has fogged their judgment just as surely as the conquistadors who vainly searched for El Dorado." 

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

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
Amy Oliver Cooke, Independence 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
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $54.40
Natural Gas: ↓ $2.59
Gasoline: ~ $2.61
Diesel: ↑ $3.00
Heating Oil: ↑ $188.31
Brent Crude Oil: ↑ $59.74
US Rig Count: ↓ 846

 
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