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DAILY ENERGY NEWS | 12/08/2021
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** Environmental justice will only be achieved when we are all equal in the cold and the dark (except for the commissars, who need heat and lights to ensure equality among the rest of us).
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Washington Times ([link removed]) (12/6/21) Op-Ed: "Fundamentally flawed. That’s the only way to describe the Environmental Protection Agency’s new strategic plan. Administrator Michael S. Regan wants to put the EPA 'at the center' of the Biden Administration’s equity agenda by pushing 'environmental justice' policies likely to cause more harm than good. Instead of purportedly protecting minorities from a disproportionate share of eco-hazards, environmental justice puts unaccountable elites and their bureaucratic minions in the position of regulating the dispossessed to the degree they become wards of the state – further disenfranchising them. The EPA is proposing adding the pursuit of justice and equity as a fourth key agency principle while making environmental justice a 'strategic goal.' This is inherently incompatible with the agency’s three founding principles: following the science, law, and
transparency. Tying things like regulation, grantmaking and permitting to the theoretical long-term 'social cost' of emissions and statistical 'disparities' – without authorization or input from Congress – creates a playground for a politicized civil service that’s pushing an agenda...But, in picking winners and losers, the green lobby has pushed the government to side with the people, parties and policies that have not helped minorities in the ways they were advertised...Environmental justice, as it is laid out in the Biden EPA’s strategic plan, weaponizes the bureaucracy. It pits communities and people against each other. It sows discontent and distrust, placing political gains over clean-up goals."
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“[I cannot] think of a nominee more poorly suited to be the comptroller of the currency based solely on [her] public positions, statements and the weight of [her] writings than [Omarova.]”
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– Sentator Tim Scott (R-NC) ([link removed])
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Hey, Larry, is this one of your personally approved ESG projects?
** Oil & Gas Journal ([link removed])
(11/1/21) reports: "Saudi Arabian Oil Co. (Aramco) signed a $15.5 billion lease and leaseback deal involving its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Co., the investment management arm of the General Organization for Social Insurance (GOSI) in Saudi Arabia. As part of the deal, a newly formed subsidiary, Aramco Gas Pipelines Co., will lease usage rights in Aramco’s gas pipelines network and lease them back to Aramco for a 20-year period. In return, Aramco Gas Pipelines Co. will receive a tariff payable by Aramco for gas products that will flow through the network, backed by minimum commitments on throughput. Aramco will hold a 51% stake in Aramco Gas Pipeline Co. and will retain full ownership and operational control of its gas pipeline network. The transaction will not impose any restrictions on Aramco’s production volumes. The gas pipeline transaction is expected to close as soon as practicable, subject to customary closing conditions,
including any required merger control and related approvals. The deal is Aramco’s second such infrastructure transaction this year after the closing of the $12.4 billion lease and leaseback transaction in June with a consortium led by EIG Global Energy Partners, which involved Aramco’s crude oil pipeline network."
Of course, EVs need subsidies! They're a new technology that needs to breakthrough...
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Maybe West Virginia's coal miners have been paying attention to the news in Germany.
** New York Times ([link removed])
(12/8/21) reports: "For years, environmentalists have sought compromises with labor unions in industries reliant on fossil fuels, aware that one of the biggest obstacles to cutting carbon emissions is opposition from the unions’ members. States like Washington, New York and Illinois have enacted renewable-energy laws that were backed by unions representing workers who build and maintain traditional power plants. And unions for electricians and steelworkers are rallying behind President Biden’s climate and social policy legislation, now in the Senate’s hands. But at least one group of workers appears far less enthusiastic about the deal-making: coal workers, who continue to regard clean-energy jobs as a major risk to their standard of living. 'It’s definitely going to pay less, not have our insurance,' Gary Campbell, a heavy-equipment operator at a coal mine in West Virginia, said of wind and solar jobs. 'We see windmills around us everywhere. They’re up, then everybody disappears. It’s not
consistent.'"
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Energy Markets
WTI Crude Oil: ↓ $71.95
Natural Gas: ↑ $3.85
Gasoline: ~ $3.34
Diesel: ~ $3.61
Heating Oil: ↑ $224.59
Brent Crude Oil: ↑ $75.44
** US Rig Count ([link removed])
: ↓ 663
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