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DAILY ENERGY NEWS | 12/22/2021
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** Energy abundance is a fragile thing and it's never more than one massive spending bill away from extinction. It is not ours by way of inheritance; it must be fought for and defended constantly by each generation, for it comes only once to a people.
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Colorado Politics ([link removed]) (12/21/21) reports: "Colorado companies are leading a national revolution in energy industry emissions reduction, but politicians in Washington are failing to keep pace with the changes. The latest evidence is the new methane fee tucked within the $1.75 trillion Build Back Better plan that has passed the House and awaits Senate deliberation. The methane fee will target emissions escaping in the production of oil and natural gas or burned off in the process known as 'flaring,' taxing companies $1,500 for each ton of methane they emit in excess of a set limit. Rep. Diana DeGette, of Colorado's 1st Congressional District, approves of the fee, saying that producers, rather than energy users, will pay the bill. While producers will pay directly, in the end we’ll all be paying. The new tax on methane emissions would substantially raise the cost of producing oil and gas. That increase will be recouped through higher prices on the fuels
we use for driving, heating our homes, powering our businesses, and much else. In Colorado, for example, natural gas provides almost half the electricity. A new tax on production of oil and gas will make that power more expensive for all of us."
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** “A robust tax credit makes EVs available and affordable and helps get money-saving vehicles — with lower and less volatile fuel costs — into more consumers’ hands.”
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– Blue-Green Alliance of Grifters ([link removed])
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"Trust the science" because the "science" crowd has never been wrong...
** Real Clear Energy ([link removed])
(12/21/21) op-ed: "Projecting the impacts of science-based policy is never 100 percent certain, nor can we ever have complete confidence in how these impacts will be viewed by those living generations from now. Nevertheless, many scientists are continually frustrated by those whom they see as poorly informed and shortsighted...The academic proponents of eugenics were highly regarded by the standards of their time. Nature magazine (the leading science publication in Great Britain) published a glowing obituary for Leonard Darwin (Charles’s fifth son): 'He had his father’s honesty of expression, openness of mind, charitable disposition, subjugation of self, an excess of candour . . . and also his father’s happy sense of humour. He was completely devoid of personal ambition.' Heinous policies can be proposed by otherwise decent people...Just as eugenicists a century ago were confident that their policies for “racial health” would be a great boon for future generations, climate envoys and
activists demand costly policies, now, for the benefit of our grandchildren and great-grandchildren. The COP26 participants and their cheerleaders are disturbingly certain of their policies’ impacts centuries down the road – and, with an excess of confidence (or hubris), they consistently misrepresent virtually every extreme weather event as a code red for the planet."
Guess what happens when you strategically underinvest in natural gas—Europe just hit the equivalent of $60 mbtu.
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Energy Markets
WTI Crude Oil: ↑ $71.13
Natural Gas: ↑ $4.02
Gasoline: ↓ $3.29
Diesel: ↓ $3.58
Heating Oil: ↓ $225.29
Brent Crude Oil: ↓ $73.94
** US Rig Count ([link removed])
: ↓ 684
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