Your Daily Energy News
View this email in your browser ([link removed])
DAILY ENERGY NEWS | 01/04/2022
Subscribe Now ([link removed])
** You take the blue pill…the story ends, you wake up in your bed and believe whatever you want to believe.
You take the red pill...you realize that no matter what the talking heads of the regime say, coal is still king wherever people want affordable, reliable energy.
------------------------------------------------------------
Power Magazine ([link removed]) (1/3/22) op-ed: "For all the talk about the demise of coal, it’s important to note that coal generated 35% of the world’s electricity in 2020, more than any other fuel. Even in the U.S., coal was expected to generate 23% of the nation’s electricity in 2021—up from 19% in 2020. In addition to electricity generation, coal is critical for industry, making the cement, iron, and steel needed for modern civilization, including even wind turbines and solar panels. Without coal, the industrial revolution would not have occurred. Without coal, a carbon-free energy transition— forced or otherwise—is simply unrealistic. Coal supplies the world with 27% of its total energy needs, second only to oil (which supplies 31%)...Much of what gets reported in the news, or hyped by climate alarmism about coal, is simply wrong. Until technologies that haven’t even been dreamed of yet come along, an affordable, predictable baseload future led by
cleaner-burning coal is preferable to a wildly expensive, unrealistic carbon-free future. In other words, the rumors of coal’s death have been greatly exaggerated.
[link removed]
** "The next time you hear a climate activist tell you how terrible it is that we are using hydrocarbons and that we should be using renewables, and only renewables, you might tell them about what happened this year in Cap-Haitien and Freetown. You might remind them that instead of complaining about climate change, they should be thankful for the plentiful energy that allows them to lead comfortable lives."
------------------------------------------------------------
– Robert Bryce, Forbes ([link removed])
============================================================
This is what I meant when I said not to get too cozy with Elon. Even though he has been saying some things we like lately, he is always capable of this...
** Wall Street Journal ([link removed])
(11/1/21) reports: "Tesla Inc. has opened a new showroom in Xinjiang, the remote region where Chinese authorities are carrying out a campaign of forcible assimilation against religious minorities that has become a public-relations quagmire for Western brands. The Austin, Texas-based electric car maker started operations at the new showroom in Urumqi, the capital of Xinjiang, the company said in a Friday post on its official account on China’s popular Twitter-like social-media platform Weibo. 'On the last day of 2021, we meet in Xinjiang. In 2022, let us together launch Xinjiang on its electric journey!' Tesla wrote in the post, which was accompanied by pictures from an opening ceremony that included traditional Chinese lion dances and people posing with placards reading 'Tesla (heart) Xinjiang.'...Researchers say authorities in Xinjiang have detained as many as a million Uyghurs and members of other Turkic Muslim minority groups in a network of internment camps as part of the government’s
assimilation campaign, which they say also includes mass surveillance, forced labor and stringent birth controls. The U.S. government, along with some lawmakers from other Western countries, have said those policies amount to a form of genocide."
Freedom molecules to the rescue. There seems to be a pattern here...
** ([link removed])
When the goal of your climate policies is to create sky-high energy prices, don’t pretend to be surprised about sky-high energy prices.
** Bloomberg ([link removed])
** ([link removed])
(11/1/21) reports: "The retired salt caverns, aquifers, and fuel depots that hold Europe’s stockpiles of natural gas have never been so empty at this point in winter. Just four months after Amos Hochstein, the U.S. envoy for energy security, said Europe wasn’t doing enough to prepare for the dark and cold season ahead, the continent is grappling with a supply crunch that’s caused benchmark gas prices to more than quadruple from last year’s levels, squeezing businesses and households. The crisis has left the European Union at the mercy of the weather and Russian President Vladimir Putin’s wiles, both notoriously difficult to predict. Although the situation came to a head abruptly, it’s been years in the making. Europe is in the midst of an energy transition, shutting down coal-fired electricity plants and increasing its reliance on renewables. Wind and solar are cleaner but sometimes fickle, as illustrated by the sudden drop in turbine-generated power the continent recorded last year."
Energy Markets
WTI Crude Oil: ↑ $77.43
Natural Gas: ↓ $3.80
Gasoline: ~ $3.28
Diesel: ~ $3.57
Heating Oil: ↓ $240.91
Brent Crude Oil: ↑ $80.38
** US Rig Count ([link removed])
: ~ 684
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 900 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
