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DAILY ENERGY NEWS | 01/03/2022

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Before you get all excited about reviving BBB, just remember that others have already stress-tested this whole energy transition. It failed.

The Guardian (12/31/21) reports: "'The future is far from certain,' says Julian Pariera, the owner of Beauchamp Laundry Services in Birmingham. 'I’m extremely concerned at how things are panning out.' Pariera is one of thousands of small business owners across the UK who will bear the brunt of the national energy crisis that risks driving the UK to a cost of living catastrophe within the next year. Before next winter, he will need to renegotiate an energy deal to run the washers and clothes dryers that his customers rely on after a record surge in energy market prices. 'We fix our energy tariffs for up to five years, and every time we renew a deal it seems to double. This time I won’t be surprised if our energy costs quadruple. It’s madness,' he says. 'These costs can’t be reflected in our charges because if we put up our prices by this much our customers wouldn’t be able to afford it. So the question I have to ask myself is how we can manage while still protecting our customers?'"

"Moving away from fossil fuels is a way to eradicate energy poverty. Because if people are not dependent on fossil fuels, we will not have energy poverty."

– Adela Tesarova,
Head of Unit Consumers, Local Initiatives, Just Transition DG Energy, European Commission

We must destroy the village in order to save it.

Wall Street Journal (12/30/21) reports: "The Biden administration is trying to speed up the permitting process for high-voltage power lines as part of its drive to promote renewable energy. The changes—which include giving the federal government more authority to intervene in state-level permitting decisions—are meant to expedite the approval of new transmission lines, which often encounter regional opposition and face years of delays. President Biden has set a goal to eliminate carbon emissions from the U.S. power grid by 2035. Reaching that target would likely require some $300 billion in new power lines within the next decade to carry wind, solar and other green energy over long distances to the cities where most Americans live, analysts say...Critics of transmission projects over the years have cited various concerns including the use of eminent domain, environmental impacts and potential effects on property values, among other factors. The infrastructure bill empowers the Federal Energy Regulatory Commission to issue permits for certain transmission projects even if a state has denied approval, amending a provision of a 2005 law that attempted to expand the agency’s siting power. A 2009 U.S. appeals court decision limited that authority after the Piedmont Environmental Council, a Virginia nonprofit, challenged the agency’s interpretation of the statute."

Greens hate nuclear, want to replace uranium mining with rare earth metal mining for solar panels...

...meanwhile

Power Magazine (12/28/21) reports: "A Chinese power company said the first of four 1,000-MW units at a new coal-fired power plant in a northwestern region of Inner Mongolia has entered operation. The Guodian Power Shanghaimiao Corp., part of the state-owned China Energy Investment Corp., on Dec. 28 said Unit 1 of the Shanghaimiao plant is online after a 168-hour testing period. The facility is the largest coal-fired power plant currently being built in China. Shanghaimiao, located in Ordos and sited in an area with significant coal reserves, will eventually send power to Shandong province via what government officials have said is a long-distance, ultra-high voltage grid. China has pledged to reduce its coal-fired power generation as part of a plan to become carbon-neutral by 2060. The government, though, has said reduction plans will not begin until after 2025. The country plans to add significant coal-fired generation capacity in the meantime."

Next time some smug greenie or politician carries on about justice and equity and helping the little guy, show them this article.

Fox Business (12/31/21) reports: "The Dakota Access Pipeline (DAPL) is one of the most controversial energy projects in the United States, as it's been the subject of years of environmental protests and litigation that's now reaching the Supreme Court...But just a few hundred miles north in New Town, N.D., the Mandan, Hidatsa and Arikara Nation, also known as MHA Nation or the Three Affiliated Tribes, vehemently supports the pipeline's continued operation. That's because as fracking made oil deposits throughout North Dakota more accessible starting in the late 2000s, MHA Nation joined in on the state's oil boom and now brings in hundreds of millions in oil revenue from those resources. 'We're a tribe that was recognized as an aboriginal trade center for thousands of years, so economic development, capitalism, we're not strangers to that,' MHA Nation Chairman Mark Fox told FOX Business. 'For thousands of years, we traded and established an economy with other tribes.'...Despite all this, Fox said, MHA Nation is doing what it can in the present to help its members. And the oil money, which makes up 85% of the tribe's revenue, is making much of that possible. 'We will have three brand new schools completed in the last three years that is over $100 million worth of schools,' Fox said. 'We're talking hundreds of millions of dollars in road development … We're insuring about one-third of our people … with health insurance today that they otherwise wouldn't have and have to rely on the Indian Health Service.'"

And remember, AOC got her "start" protesting DAPL.

New York Post (2/22/20) reports: "Rep. Alexandria Ocasio-Cortez often complains about journalists — except when she’s pretending to be one. AOC admitted to getting access to press passes at the Dakota Access pipeline protests at Standing Rock Indian Reservation in a 2016 Facebook Live video. A Facebook user asked her about what media had been present. 'We tried to get press passes and at the time they wouldn’t give them to us,' AOC’s friend, actress Maria Swisher, says on tape. That didn’t stop the then-bartender. 'We had access to press passes. Like we had media level. We were recognized as media. Yeah,' Ocasio-Cortez clarifies. 'We were the only media there. No CNN, no Fox News, nothing.' AOC and company traveled to Standing Rock at the height of the Dakota Access Pipeline protests and set up a GoFundMe, raising more than $1,000."

Energy Markets

WTI Crude Oil: ↓ $74.44
Natural Gas: ↓ $3.73
Gasoline: ~ $3.28

Diesel: ~ $3.57
Heating Oil: ↓ $232.09
Brent Crude Oil: ↓ $77.20
US Rig Count: ↓ 686

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