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MORNING ENERGY NEWS  |  11.19.2019
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This, ladies and gents, is how you seek a rent.


Bloomberg Government (11/18/19) reports: "Electric carmakers and related companies are lining up behind environmental groups and states in the ballooning legal fight over the Trump administration’s decision to block California from setting its own auto emissions standards. The National Coalition for Advanced Transportation on Nov. 15 moved to intervene in a pair of lawsuits against the Transportation Department at the U.S. District Court for the District of Columbia. The coalition’s members include Tesla Inc., Rivian Automotive Inc., Exelon Corp., Pacific Gas and Electric Co., ChargePoint Inc., Plug In America, and other utilities and electric vehicle infrastructure companies...'NHTSA’s purported elimination of state authority through the Preemption Regulation adversely affects the marketplace for transportation electrification and deployment of advanced vehicle technologies across the country—undermining business opportunities for utilities, manufacturers, and infrastructure companies,' NCAT told the district court."

"Simply reducing our greenhouse gas emissions won't stop climate change. Think again of the example of a bathtub. The level of water in the bathtub will keep rising as long as the stopper is in place and the tap is turned on. Even a steady drip of water will increase the level in the tub over time. We need to turn off the tap completely."

 

– Brett Dolter, University of Regina

I'm pretty sure a hunger strike has to be more than a "today" thing to be, well, a hunger strike.


Politico Morning Energy (11/19/19) reports: "Activists are staging a hunger strike today in the office of House Speaker Nancy Pelosi to try to garner an on-camera meeting with her to discuss what they say is her inaction on climate change."

AOC will agree then, we need more natural gas pipelines into NY...right?


City Lab (11/15/19) reports: "Socialist Democrats are pushing the progressive envelope with a new iteration of Green New Deal legislation this week, this time with a focus on public housing. On Thursday, New York Representative Alexandria Ocasio-Cortez and Vermont Senator Bernie Sanders introduced a new bill that would dedicate billions of dollars to energy retrofits for America’s dilapidated public housing stock. The Green New Deal for Public Housing Act would commit up to $180 billion over 10 years to upgrading 1.2 million federally administered homes. At a press conference outside the Capitol on Thursday, Ocasio-Cortez said a bill focused on public housing reflects the larger aim of the Green New Deal to prioritize 'frontline communities'—those that are most likely to be harmed by the climate crisis. 'In the Bronx alone, 2,400 public housing residents may be going without heat tonight. That is inhumane,' she said. 'That is environmental injustice.'"

Oh, freedom, freedom, freedom (molecules)...


Chicago Tribune (11/19/19) reports: "Poland's state gas company said Friday it will stop importing natural gas from Russia's Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms. The announcement comes as Poland has been working to reduce its dependence on Russian energy sources, which Moscow has sometimes used as a tool of political pressure on its partners. The efforts to reduce dependency include striking long-term contracts for deliveries of liquefied natural gas from the United States, Qatar and other countries, as well as developing a new pipeline with Norway for deliveries from the North Sea. Poland also has some gas deposits of its own."

This is the future they're selling us.


Buffalo News (11/16/19) reports: "Ever notice how many of the wind turbines on the old Bethlehem Steel property along Lake Erie don't rotate, even on windy days? Now we know why. The company that manufactured parts for the turbines went bankrupt, and the owner of the turbines in Lackawanna and Hamburg can't get replacement parts. Now the company that owns them, Erie Wind, a subsidiary of TerraForm Power, plans to spend $21.46 million to fix them – with bigger blades designed to be safer for birds. The original investment in the turbines was $65 million to $70 million. 'They have replaced these windmills two-and-a-half times over, and they're still not functioning,' said Sean Doyle, executive director of the Hamburg Industrial Development Agency...The turbines were built in two phases, and they were hailed as the first urban wind farm in the country, a symbol of the future of renewable energy and a model for repurposing brownfields."

Energy Markets

 
WTI Crude Oil: ↓ $56.29
Natural Gas: ↓ $2.52
Gasoline: ↓ $2.60
Diesel: ↓ $3.01
Heating Oil: ↓ $188.58
Brent Crude Oil: ↓ $61.70
US Rig Count: ↑ 833

 
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