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DAILY ENERGY NEWS | 12/28/2021
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** When the Green New Deal is finished in Europe, The De-Industrialization will be complete.
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Wall Street Journal ([link removed]) (12/24/21) reports: "Steelmakers, glass manufacturers and other energy-hungry businesses in Europe are calling on governments to take action to stop record gas and electricity prices from hobbling the region’s economy. Prices for natural gas in Europe shot to all-time highs again this week after flows from Russia, the continent’s main supplier, dropped just as cold weather boosted demand and Électricité de France SA moved to turn off a nuclear-power plant for safety reasons. The moves made the continent the hottest gas market in the world, prompting ships carrying chilled U.S. gas to Asia to change course and head to Europe, where they could fetch more for their cargoes.The flotilla of tankers helped cool gas prices at the end of the week. Even after tumbling Friday, benchmark Dutch gas futures were still more than six times as high as a year ago at €110 ($124.71) a megawatt
hour. Wholesale electricity prices have rocketed across the continent, too."
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** "The real climate crisis is due to policies that are being rammed through on the basis of false premises, fear-mongering and intolerance for fossil fuels. Congress, courts, states and voters must act now, to reverse the damage that climate and “green” energy policies are having on our economy, jobs, health, well-being, wildlife and environment."
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– Paul Driessen, CFACT ([link removed])
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Oh no! Green infighting!
** Real Clear Energy ([link removed])
(12/27/21) reports: "Despite more than a decade of hype and the promise of billions of dollars in federal and state subsidies, the offshore wind boondoggle – and yes, boondoggle is the right word for it – keeps getting torpedoed by delays and litigation. The latest harpoon to slam the nascent industry hit recently when the Austin-based Texas Public Policy Foundation sued three federal agencies in U.S. District Court in Washington D.C. on behalf of several commercial fishing groups. The suit alleges that the permit awarded to the proposed 800-megawatt Vineyard Wind project violates numerous federal laws including the Outer Continental Shelf Lands Act, Endangered Species Act, Clean Water Act, Marine Mammal Protection Act, and National Environmental Policy Act. The suit, which will almost certainly result in a long delay to the construction of Vineyard Wind, is the second federal lawsuit filed against the project in the past few months. In August, a group called Nantucket Residents Against
Turbines filed a lawsuit against the Bureau of Ocean Energy Management and other federal agencies, alleging that the Vineyard Wind project, which will be located about 14 miles south of the island, will harm the endangered North Atlantic Right Whale. There are only about 400 Right Whales left on the planet. "
Energy Markets
WTI Crude Oil: ↑ $76.09
Natural Gas: ↓ $3.99
Gasoline: ↓ $3.28
Diesel: ↑ $3.57
Heating Oil: ↑ $236.39
Brent Crude Oil: ↑ $79.00
** US Rig Count ([link removed])
: ↓ 679
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