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DAILY ENERGY NEWS | 12/01/2021
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** His boss said you can drive your EV across the country on a single tank of gas, so I guess he comes by it honestly.
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National Review ([link removed]) (11/29/21) column: "Does our transportation secretary understand how our electricity is generated? After reminding Americans that the Democrats’ infrastructure proposal includes a “$12,500 discount” for electric cars, transportation secretary Pete Buttigieg declared that 'families who own that vehicle will never have to worry about gas prices again.' Indeed. And if every American rode a ten-speed bicycle to work, no one would have to worry about fuel costs at all. In reality, though, without state “incentives” and “discounts,” electric cars would be prohibitively expensive for everyone but millionaires. Even with all these state “investments,” the average price of an electric car is around $19,000 higher than the price of an average gas-powered vehicle. Surely, one day electric cars won’t be as pricey — but today, they are. Most families cannot afford them, so buying them wouldn’t make muc
h sense. Mass electric-car ownership — and right now, those cars make up less than 2 percent of the American market — would mean completely retooling our nation’s infrastructure."
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** "There's a lot of money in Washington, D.C., and I'm really scared that money is going towards persuading people in the USDA to go plant-based, to go climate change, to fund all of this other stuff … so corporate and big- investor farm systems continue to farm and gain access to our pricing in the grocery store."
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– Stephanie Nash, Fourth-Generation Dairy Farmer ([link removed])

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50 years of 'last chances' to comiserate.

** New York Post ([link removed])
(11/1/21) reports: "The recent UN climate summit in Glasgow was predictably branded our 'last chance' to tackle the 'climate catastrophe' and 'save humanity.' Like many others, US climate envoy John Kerry warned us that we have only nine years left to avert most of “catastrophic” global warming. But almost every climate summit has been branded the last chance. Setting artificial deadlines to get attention is one of the most common environmental tactics. We have actually been told for the past half-century that time has just about run out. This message is not only spectacularly wrong but leads to panic and poor policies. Two years ago, Britain’s Prince Charles announced that we had just 18 months left to fix climate change. This wasn’t his first attempt at deadline-setting. Ten years earlier, he told an audience that he 'had calculated that we have just 96 months left to save the world.' In 2004, a major UK newspaper told us that without drastic action, climate change would destroy
civilization by 2020. By that time, it foretold, major European cities would be sunk beneath rising seas, Britain would be plunged into a 'Siberian' climate as the Gulf Stream shut down and mega-droughts and famines would lead to widespread rioting and nuclear war. Not quite what happened last year."

Winners picking winners...

** The Hill ([link removed])
(11/29/21) reports: "Solar energy company Heliogen announced Monday that it has nominated former Georgia gubernatorial candidate Stacey Abrams to its board. 'Heliogen founder and CEO Bill Gross called Abrams 'one of our country’s most dynamic and inspiring public figures, who has consistently championed the protection of our environment while advocating for policies that address climate change and drive economic development.' She was nominated to the board along with entrepreneur Phyllis Newhouse...Abrams, who previously served in Georgia’s House of Representatives before waging a failed campaign for governor in 2018, dubbed climate change 'one of the greatest challenges of the 21st century,' emphasizing the need for “innovate solutions” to decarbonize the planet."
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Because Energiewende is going great so far.

** Engadget ([link removed])
(11/26/21) reports: "Germany plans to phase out coal use by 2030, eight years earlier than previously planned, as part of its latest climate pledge. That same year, the country wants 80 percent of its electricity to come from renewable sources. Per the BBC, Olaf Scholz, the leader of Germany’s Social Democratic Party, announced the plan on Wednesday as part of a deal that will see the former vice-chancellor govern the country at the head of a three-party coalition made up of the Greens and Free Democrats. Germany’s September 28th national election saw the Greens claim 118 seats in the Bundestag, making it the party’s best-ever showing. Scholz is expected to tap Greens leader Annalena Baerbock to serve as his foreign minister. Moreover, it’s likely Greens co-leader Robert Habeck will get the vice-chancellorship and the chance to oversee the country’s energy transition. Notably, the coalition didn’t set a more aggressive emissions reduction target. By 2030, the country still plans to cut
emissions by 65 percent from 1990 levels. According to an estimate from nonprofit Climate Action Tracker, Germany needs to reduce its greenhouse gas output by at least 70 percent by the end of the decade to meet the 1.5 degrees Celsius target put forward by the Paris Agreement. "

Energy Markets


WTI Crude Oil: ↑ $68.24
Natural Gas: ↓ $4.35
Gasoline: ↓ $3.38

Diesel: ↓ $3.63
Heating Oil: ↑ $213.69
Brent Crude Oil: ↑ $71.38
** US Rig Count ([link removed])
: ↓ 661



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