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MORNING ENERGY NEWS  |  11.14.2019
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There's gas in them thar hills!


Energy In Depth (11/13/19) reports: "American consumers are reaping the benefits of soaring natural gas production, pocketing over $1.1 trillion in savings over the past 10 years, according to a new report released by Shale Crescent USA  and the Ohio Oil & Gas Energy Education Program.  The analysis shows growth in domestic natural gas production resulted in more than $4,000 in savings per household over the 10-year period for those who use natural gas, and billions of dollars saved by manufacturing end users in the Shale Crescent region of Ohio, Pennsylvania and West Virginia. The price of natural gas has dropped as a result of dramatically increasing production from shale, with the majority of new growth coming from the Appalachian Basin."

"Censorship is the midwife of stupidity, and more importantly of dogmatism. When religious or political or moral ideologies are insulated from critique, they become dogmas. They become belief systems that are cleaved to, not because they have been tested and discussed in the public sphere, but because their adherents just know that they are right. These are the perfect conditions in which arrogance and intellectual hollowness can flourish, and in which defensiveness and fury become the default responses to any challenge from outside.  That is what has happened to environmentalism."

–Brendan O'Neill, Spiked Online

At least the homeless won't be impacted by this latest Dim Bulb move from California regulators.


The HIll (11/13/19) reports: "A California board voted to enact tougher energy efficiency standards for lightbulbs, pushing back against a rollback from the Trump administration.  A new rule from the Department of Energy (DOE) eliminates energy efficiency standards for half the bulbs on the market, a move critics say will make the U.S. a dumping ground for energy-sucking, cost-ineffective bulbs.  The vote from the California Energy Commission essentially bars sales of incandescent and halogen bulbs by adopting stronger energy efficiency standards. The state banned the sale of such pear-shaped bulbs in 2018, but the rule will now extend to all other shapes of bulbs — a wide collection used in chandeliers, recessed lighting and other lamps that DOE just rolled back.  Multiple state and environment and consumer groups have already sued over the DOE rule, citing a portion of law that bars 'backsliding' on energy efficiency standards.  But the California decision represents another instance of the state pushing ahead with greener policies than the Trump administration, using the size of its population to push companies to make more environmentally friendly products."

Shhh! You're not supposed to say this out loud, Senator Hirono.


PJ Media (11/12/19) reports: "Many years ago, the journalist Michael Kinsley noted an odd truth about American political life: 'A gaffe is when a politician tells the truth -- some obvious truth he isn't supposed to say.' While there are any number of other gaffes that a politician can make (please refer to anything ever uttered by Joe Biden), this particular type of screw-up has become known as a 'Kinsley gaffe.' It can be very embarrassing for a politician to accidentally tell the truth...'For a lot of us, protesting, marching, that's not something that we normally do. But you know what, these are times that call for us to do those things that we believe in and to march. And not just to march, 'cause that's important to show solidarity, but then to do those things such as voter registration, get people out to vote. So that we can have people here who truly are committed to human rights, environmental rights, climate change -- Believe in climate change as though it's a religion, it's not, it's science -- and all the things that remains (sic) to be done. And that is a lot. This is a very divided country, and these are not normal times.'

Alex Epstein discusses common-sense energy policy at the University of Texas-Austin.

How low can you go? 


Western Wire (11/13/19) reports: "Career staff at the Environmental Protection Agency (EPA) have recommended the agency’s current ozone pollution standard be maintained, despite calls from Democratic elected leaders and environmental activists to further tighten regulations.  The issue has been fraught in the West where foreign pollution and higher elevation has made the challenge difficult, including the infamous 'brown cloud' that is seen in the Denver area. But as Western Wire previously reported, major cities across the region have seen falling ozone levels. Denver along with Las Vegas, Dallas-Fort Worth, and Phoenix had fewer ozone days in 2018 according to an American Lung Association report.  In a 926-page Policy Assessment (PA), the staff at EPA said the national ambient air quality standards (NAAQS) should remain at 70 parts per billion (ppb) as it adequately addresses health issues and not lowered.  'Collectively, these considerations provide the basis for the preliminary conclusion that consideration should be given to retaining the current primary standard of [70 ppb] O3, as the fourth-highest daily maximum 8-hour concentration averaged across three years, without revision. Accordingly, and in light of this conclusion that it is appropriate to consider the current standard to be adequate, we have not identified any potential alternative standards for consideration in this review,' the assessment stated."

Energy Markets

 
WTI Crude Oil: ↑ $57.66
Natural Gas: ↑ $2.66
Gasoline: ↓ $2.61
Diesel: ↓ $3.01
Heating Oil: ↑ $193.64
Brent Crude Oil: ↑ $63.07
US Rig Count: ↑ 833

 
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