The worst take on Ukraine

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DAILY ENERGY NEWS | 02/28/2022

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Who has a worse take on Ukraine? Bernie blaming American energy producers, or Special K for focusing on Russia's Paris commitments? Tom weighed in this morning on Varney & Co.

Can't get enough Tom? After a week's hiatus, The Unregulated Podcast is back and now streaming from our website, or where ever you listen to podcasts.

"If the United States is [energy independent] … then we don't beg people in the Middle East or Russia to help us. If the oil price [is] moderate, the economies in the West thrive, and Vladimir Putin doesn't have financial reserves that can subsidize as an invasion."

– Victor Davis Hanson,
The Hoover Institution

Green on the outside, red on the inside....

Sun Sentinal (2/25/22) reports: "Federal officials have reversed a decision to allow a South Florida nuclear power plant to continue running for another 30 years by ordering a new review of potential environmental risks, including those posed by climate change. The U.S. Nuclear Regulatory Commission issued an order Thursday to reverse a 2019 decision by a previous, Republican-led commission to extend Florida Power & Light’s operating license for two reactors at the Turkey Point nuclear power plant until 2052 and 2053, respectively. The reactors have been operating since 1972 and 1973, respectively. The new decision shouldn't immediately affect operations at Turkey Point, which is south of Miami along Biscayne Bay. The NRC, which oversees commercial nuclear power plants, had previously granted FPL a 20-year extension that will allow the reactors to run until 2032 and 2033.The reversal gives environmental groups a chance to reiterate concerns that federal regulators didn’t adequately consider the risks of climate change and flooding from sea level rise when granting the last extension. The NRC plans to hold hearings after staff completes a new site-specific environmental impact statement."

Don't look now, but the voters are catching on.

Washington Time (2/26/22) column: "In the last few weeks, it seems as if the entire intellectual and propaganda infrastructure of climate alarmism has crumpled, much as the appetite for aggressive — and mostly pointless — measures to deal with COVID-19 collapsed within a matter of days at the beginning of February. On Feb. 20, the genocide Olympics mercifully closed. Fortunately, no one watched. The games reached an average combined audience of 11.4 million people in primetime on NBC, the USA network and Peacock. That’s the lowest-ever American audience for any Olympics, down 42% from the Winter Games in 2018. There are probably a few legitimate reasons for Americans’ awesome lack of interest. One of them is that the American public is fully aware that communist China is a regime built on slavery and genocide. That’s bad news for the climate crowd; they need the public to accept being dependent on China for most of the material used to make batteries and electric vehicles...There is the rub for the national and international environmental folks. For their plans to get to net-zero by whenever, the cost of oil, gasoline and natural gas have to increase, probably dramatically. Their plans also require increased dependence on China. American voters want none of that."

Energy is life.

Doomberg (2/25/22) substack: "'And so, I hope President Putin will help us to stay on track with respect to what we need to do for the climate.' – John Kerry, February 23, 2022 In the pantheon of unserious statements by a leading US official on the literal eve of war, it will be tough to top the one quoted above from former Secretary of State and current Special Presidential Envoy for Climate John Kerry. Kerry’s sober concern for the emissions that will result from Putin’s aggression is only topped by his worry that kinetic war will distract attention away from the climate crisis...Energy is life. Those projects will get developed. The geopolitical power vacuum we are creating will get filled. We might not be serious, but our enemies are ruthlessly so. They raise a toast to our self-inflicted demise. We are left with a simple choice in the US: get serious about our energy policy and preserve our place in the geopolitical order or be forced to stop play-acting as a superpower. The laws of physics make our cards transparent to our political enemies, and it’s all too easy for them to call our bluff when they know in advance what we’re holding."

Energy Markets

WTI Crude Oil: ↑ $95.15
Natural Gas: ↑ $4.42
Gasoline: ↑ $3.61

Diesel: ↑ $4.00
Heating Oil: ↑ $294.65
Brent Crude Oil: ↑ $99.90
US Rig Count: ↑ 746

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