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MORNING ENERGY NEWS  |  11.6.2019
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Gina outsourced all of her work product from NRDC when she was at EPA, so really this isn't a new gig at all.


Washington Post (11/5/19) reports: "An environmental group that’s sued the Trump administration nearly 100 times announced Tuesday that it has hired Gina McCarthy, who headed the Environmental Protection Agency under President Barack Obama, as its new president and chief executive officer. In a phone interview Tuesday, McCarthy, who headed the EPA during Obama’s second term, said she was joining the Natural Resources Defense Council to fight for stronger environmental protections and address the challenge of climate change...McCarthy, who served as EPA’s air policy chief for four years before becoming administrator, helped craft many of the landmark climate policies that the current administration is unraveling. She also worked on the 2015 Paris climate accord, which the United States formally began withdrawing from Monday."




"Unlike in times past, the one constant in the changing international scene is the current availability and affordability of American energy."

 

– Daniel Markind, Forbes

Alright, kids, who wants to play a game of Scientist Says?


Bloomberg (11/5/19) reports: "Forty years ago, scientists from 50 nations converged on Geneva to discuss what was then called the 'CO2-climate problem.' At the time, with reliance on fossil fuels having helped trigger the 1979 oil crisis, they predicted global warming would eventually become a major environmental challenge. The scientists got to work, building a strategy on how to attack the problem and laying the groundwork for the Intergovernmental Panel on Climate Change, the world’s preeminent body of climate scientists. Their goal was to get ahead of the problem before it was too late. But after a fast start, the fossil fuel industry, politics and the prioritization of economic growth over planetary health slowed them down. Now, four decades later, a larger group of scientists is sounding another, much more urgent alarm. More than 11,000 experts from around the world are calling for a critical addition to the main strategy of dumping fossil fuels for renewable energy: there needs to be far fewer humans on the planet."

It's almost like the greens didn't think this one through.


Real Clear Energy (11/5/19) op-ed: "Today, the U.S. hardrock mining industry – absolutely essential to any green energy mobilization – is a shadow of the behemoth it once was. America’s vast mineral wealth still exists but hardrock mining has been the victim of adversarial policy that has pushed mining investment and production elsewhere. While complete self-sufficiency in this era of global interconnectedness is unnecessary, U.S. mineral import reliance is spiraling out of control, doubling over the past two decades. According to the U.S. Geological Survey, the U.S. is now 100 percent import reliant for 18 essential minerals and 50 percent or more import reliant for another 30. Our strategic competitor China controls the production and processing of an alarming number. And in turn, China controls the manufacturing of technologies – be they solar panels or lithium-ion batteries – that depend on them. Of the 70 major lithium-ion battery factories now in operation or under development around the world, 46 are located or planned in China; just five are planned for the U.S. If the U.S. does not get its industrial policy in order, our potential American Green New Deal could well become China’s Green New Deal. It would be a stimulus not for the American industrial heartland and American workers but rather for the citizens of Shanghai, Shenzhen and Guangzhou."

What a surprise, fracking is safe. Gavin won't be happy.


Bakersfield.com (11/5/19) reports: "A long-running legal battle over federal oil-and-gas leasing in California may be nearing resolution after new findings by the U.S. Bureau of Land Management that the oilfield technique known as fracking does not pose undue environmental harm to 1.2 million acres in Kern County and other parts of California. The findings, contained in an environmental review the BLM's Bakersfield office released late last week, do not automatically open new lands to the controversial well-completion practice also known as hydraulic fracturing. But if, as expected, the agency moves forward later this fall with a formal decision on the matter, then oil companies could resume bidding for the right to produce petroleum on federal land in areas such as western Kern."

300% of the time, it works every time.


Babylon Bee (11/29/19) satire: "New billboards have been popping up in California with the slogan “Move to Texas: We have electricity!” Many see this as a play to lure jobs away from California, as many jobs rely on electricity, especially in the modern economy. This could especially be attractive to jobs in the tech sector. Roy Rivera, a tech analyst with decades of experience in cutting edge technology, explained that 'a lot of tech uses electricity.' He then pointed to a chart showing that tech businesses can be at least 300% more effective when they have power."

Energy Markets

 
WTI Crude Oil: ↓ $56.88
Natural Gas: ↑ $2.87
Gasoline: ↑ $2.62
Diesel: ↑ $3.01
Heating Oil: ↓ $194.68
Brent Crude Oil: ↓ $62.48
US Rig Count: ↓ 833

 
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