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DAILY ENERGY NEWS | 01/19/2022
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** Remember when President Obama said we should be more like Spain?
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Bloomberg ([link removed]) (1/14/22) reports: "Spain’s economy minister warned that soaring energy costs could hit company competitiveness and hurt households as she reiterated calls for bolder European Union action to curb a price surge that shows no signs of abating. Nadia Calvino, who is also deputy prime minister, said that costly tax breaks to contain energy bills are 'not a long term solution.' EU institutions should tackle wholesale prices directly to confront malfunctioning power markets, she added, highlighting that Spain is also pushing for centralized gas purchases...The energy squeeze is threatening Europe’s post-pandemic recovery as the once-in-a-generation hit to living costs it has inflicted, sending inflation to the highest since the creation of the euro,
makes consumers less inclined to spend. Wholesale gas prices are up almost 300% in the past year."
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** "It’s easy for politicians and climate activists to vilify hydrocarbons, hype renewables, and talk about quitting coal. But as the Rhodium Group’s report makes clear, economics matter. The U.S. and other countries aren’t going to suddenly quit using coal (or natural gas) to produce electricity because doing so would be too expensive."
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– Robert Bryce, Power Hungry Podcast ([link removed])
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Leo, who recently sold his Malibu beachside mansion for an even bigger Malibu beachside mansion, would like you to vote for sane people because, you know, Climate Change. How's that going for you, Leo?
** The Hill ([link removed])
(1/18/22) reports: "Leonardo DiCaprio says if the world has any chance at combating climate change, voters need to pick 'people that are sane.' 'The main thing that it boils down to is, if you’re an individual, you, A, have to get involved,' the 'Don’t Look Up' star and environmental activist said in an interview with Deadline published Tuesday...'We’re all crossing our fingers that Biden can make one of the more substantial plans to at least implement renewables,' DiCaprio said. 'So, vote. Vote for people that are sane.' In 'Don’t Look Up,' DiCaprio plays a scientist attempting to warn the country that a planet-crushing comet is on its way and will arrive in a matter of months. His character’s warnings are mocked by the faux president played by Meryl Streep, whose focus is on the upcoming midterm elections, and downplayed by a pop culture-obsessed media. DiCaprio and director Adam McKay have said that the comet in the movie serves as a metaphor for the climate change crisis."
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Every once and a while you really should listen to the experts.
** The Epoch Times ([link removed])
(1/17/22) reports: "Virginia’s new Republican governor is moving to withdraw his state from a regional carbon emissions-trading exchange to which 10 coastal and New England states currently belong, a move that promises to be a major setback for the left-wing environmentalist agenda. On Jan. 15, the day he took office, Gov. Glenn Youngkin signed Executive Order 9, which directs state officials 'to re-evaluate Virginia’s participation in the Regional Greenhouse Gas Initiative and immediately begin regulatory processes to end it.' Youngkin said last month he would take Virginia out of the Regional Greenhouse Gas Initiative, or RGGI, as The Epoch Times previously reported...RGGI is deeply flawed, experts say. The Institute for Energy Research faulted RGGI in 2015, saying its 'loopholes and structural problems conceal the true economic costs and circumvent actual emissions reductions.'"
This is the real false flag operation. The Greens into power in Germany, close some nukes, put up a bunch of windmills and then...wait for it...crank up the coal.
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You know, Indian Point would be pretty nice right now. But like the greens in Germany, the politicians in NY would rather see higher CO2 emissions AND curtail power to large users. Who knew?!?
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Better hurry up, bureaucrats. The time for honoring yourself will soon be at an end.
** Washington Times ([link removed])
(1/18/22) op-ed: "The Chevron doctrine is on a deathwatch. Most of the attention in the recent Supreme Court decision striking the broad national vaccine mandate for big businesses was focused, naturally, on the effect of the decision on the 84 million people who would have been subject to the mandate. But the more lasting and material effect of the decision is the court majority’s emphasis on who interprets and decides the extent of agency authority. For the 230 million American citizens not affected by the vaccine mandate, the good news is that the high court struck the Occupational Safety and Health Administration mandate primarily by addressing, obliquely, the flaws of the Chevron doctrine. That doctrine, first articulated by the Supreme Court in 1984 in Chevron v. NRDC, holds that the agency responsible for implementation of statutes is also empowered to interpret those statutes, provided that such interpretations are reasonable and defensible...The big winner in NFIB v. Department of
Labor is congressional authority. While it is not at all shocking that judges believe they should be interpreting laws (and accruing power and authority) rather than bureaucrats, the simple reality is that courts don’t have the time, expertise or patience to interpret the statutory provisions about which there are material questions."
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Energy Markets
WTI Crude Oil: ↑ $85.99
Natural Gas: ↑ $4.26
Gasoline: ↑ $3.31
Diesel: ↑ $3.63
Heating Oil: ↑ $270.12
Brent Crude Oil: ↑ $88.02
** US Rig Count ([link removed])
: ↓ 696
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