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DAILY ENERGY NEWS | 02/14/2022
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** Yet another blow to the green-industrial complex.
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Phys.org ([link removed]) (2/10/22) reports: "Matteo Cargnello, a chemical engineer at Stanford University, is working to turn [captured carbon dioxide] into other useful chemicals, such as propane, butane or other hydrocarbon fuels that are made up of long chains of carbon and hydrogen. 'We can create gasoline, basically,' said Cargnello, who is an assistant professor of chemical engineering. 'To capture as much carbon as possible, you want the longest chain hydrocarbons. Chains with eight to 12 carbon atoms would be the ideal.' A new catalyst, invented by Cargnello and colleagues, moves toward this goal by increasing the production of long-chain hydrocarbons in chemical reactions."
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** "U.S. LNG will be even more important if Russia invades Ukraine, and Russia’s Nord Stream 2 pipeline to Germany dies, as President Biden has promised. The U.S. anti-fossil fuel left is Mr. Putin’s best friend."
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– WSJ Editorial Board ([link removed])
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Reminder: The Russia dynamic has been at play in the U.S. and Europe for years.
** The Critic UK ([link removed])
(December 2019) opinion: "The Centre for European Studies found that the Russian government has invested $95 million in NGOs campaigning against shale gas. Russia Today television ran endless anti-fracking stories, including one that “frackers are the moral equivalent of paedophiles”. The US Director of National Intelligence stated that “RT runs anti-fracking programming … reflective of the Russian Government’s concern about the impact of fracking and US natural gas production on the global energy market and the potential challenges to Gazprom’s profitability.” Pro-Russian politicians such as Lord Truscott (married to a Russian army colonel’s daughter) made speeches in parliament against fracking."
Just in case those EV ads gave you the warm and fuzzies...
** Twitter ([link removed])
(2/13/22):
Past due, but better late than never.
** Legal Newsline ([link removed])
(2/10/22) reports: "The Minnesota State Senate on Wednesday advanced a bill designed to limit the hiring by the Attorney General’s office of outside attorneys who could be politically motivated by the nonprofits and agencies that provide them. The 'Attorney General’s Office Performance of Legal Services Bill (SB 2818),' limits what sort of employees are able to provide legal services to the Attorney General’s Office. It also limits the amount of money to pay such (attorney) employees or contractors and requires payments made through appropriations or by state law. It passed 5-3 in the State Government Finance and Policy and Elections committee. Annette Meeks, CEO of the Minnesota Freedom Foundation - a Minneapolis-based nonprofit research organization with a focus on government transparency - expressed support for the bill. 'Several years ago, a trend started in philanthropy,' she told the senators, 'where donors funded projects by hiring staff to be placed in state or local government
jobs. The employees were often paid directly by the nonprofit that received a tax deductible gift from a wealthy donor.'"
Energy Markets
WTI Crude Oil: ↑ $93.92
Natural Gas: ↑ $4.16
Gasoline: ↑ $3.49
Diesel: ↑ $3.89
Heating Oil: ↓ $290.55
Brent Crude Oil: ↑ $94.96
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