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MORNING ENERGY NEWS | 11/20/2019 
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Among these are Life, Liberty, and a bicycle.


Inside Sources (11/19/19) reports: "The first attempt to turn Green New Deal proposals into legislation would overhaul 1 million public housing units to make them carbon neutral. Rep. Alexandra Ocasio-Cortez (D-N.Y.) and presidential candidate Sen. Bernie Sanders (I-Vt.) introduced the Green New Deal for Public Housing Act that would use seven grant programs to upgrade public housing to include organic grocery stores, onsite childcare, and community gardens. Cost estimates vary depending on an organization’s political affiliation, falling between $119 billion and $172 billion over the next decade, according to left-leaning Data for Progress and a more than $1.6 trillion estimate from right-leaning American Action Forum (AAF). When the Green New Deal was first introduced in February, the AAF estimated the average U.S. household would see a $295 annual increase in electric bills to decarbonize the economy...In addition to creating 1.2 million public housing units running solely on renewable energy, the law would require high-speed internet, community gardens, onsite healthcare and dental clinics, and a “bulk purchase” of bicycles to give one to each resident."

"It doesn’t matter what the question is – more capitalism is always the solution...The more capitalism our world experiences, the richer and better off we get."

 

– Joakim Book, American Institute for Economic Research

Greta's childhood wasn't stolen, it was bought and paid for by Big Green, Inc.


Daily Caller (11/18/19) reports: "Over 250 news outlets and journalists partnered with Columbia University School of Journalism’s flagship magazine to shape control of 'climate crisis' coverage in the lead up to the United Nations climate conference. The coverage-coordination initiative included directing how much time, space and prominence should be devoted to the coverage, and asking that climate 'news' be added to seemingly unrelated stories...Much of the group’s coverage leading up to the U.S. climate summit focused on Swedish activist Greta Thunberg, a 16-year-old girl who traveled to the U.S. in August on a racing yacht. Her visit was designed to galvanize American support for policies that seek to tackle climate change...Covering Climate Now was aided by wealthy advocacy groups, some of which help journalists edit and craft stories discussing climate change from an alarmist perspective. One nonprofit group associated with the project is Climate Central, which provides extensive guidance to reporters...Climate Central has not responded to the DCNF’s request for detailed information about how it contributes to journalists’ content. The group is funded in part by the Energy Foundation, a charity providing grants to various groups with the hope of transitioning the U.S. away from fossil fuels."

Don't forget what's at stake. American energy producers are making world history and the Dems want to kneecap them.


The White House (11/19/19) blog: "The United States has been a net importer of oil and petroleum products since at least 1949. But, in its most recently released Short-Term Energy Outlook, the Energy Information Administration (EIA) estimates that the United States was a net exporter of crude oil and petroleum products in September 2019. EIA also forecasts that the United States will be a net exporter of crude oil and petroleum products for all of 2020. This historic achievement follows the United States becoming the world’s top producer of crude oil in 2018, a net exporter of natural gas in 2017, and the world’s top producer of natural gas in 2011. U.S. energy innovation, epitomized by the shale revolution, drives this historical production boom. And, as President Trump said last month, 'a thriving energy industry not only benefits hardworking Americans… who live in shale country; it is an enormous benefit to citizens across our country'…Achieving net oil and natural gas exports, the status of the world’s top oil and natural gas producer, $2,500 in average annual energy savings for American families, and decreased emissions would not have been possible without the shale revolution." 

You'd need to be drinking something stronger than tea to take this seriously. 


BBC (11/19/19) reports: "The Green Party of England and Wales has launched its election manifesto with a pledge to reach net zero carbon emissions in the UK by 2030. The party says it would invest £100bn a year by 2030 as part of a 'green new deal' to tackle climate change - to be mainly paid for by borrowing. The party will also pledge to increase NHS funding, hold a Brexit referendum and extend voting to 16-year-olds. The party is standing in 498 out of 573 English and Welsh seats. Launching the manifesto at an event in London, co-leader Jonathan Bartley said his party was proposing the 'most ambitious green new deal anywhere in the world.' He said the document would 'put us on track to decarbonise every single sector of the economy by 2030, while delivering social justice across Britain.' The party is stepping aside in 50 seats across England and Wales to make way for the Liberal Democrats and Plaid Cymru, as part of the 'Unite to Remain' agreement. In exchange, the Lib Dems will not compete with the Greens in nine seats, including the Isle of Wight, Bristol West, Exeter and Brighton Pavilion. The general election takes place on 12 December."

The Greens aren't the only ones celebrating. 


OilPrice.com (11/16/19) column: "Activist global warming strategies have now caused the European Investment Bank to ban its fossil fuel project funding. After more than a year of internal and external lobbying by several EU member states and an ever-growing list of activist NGO and pressure groups, the EIB has decided to cut its financial support for all new fossil fuel projects by 2021...This is meant to force European countries to put an end to new gas-fueled power projects and keep in line with the Paris Agreements and EU CO2 emission targets. EIB VP Andrew McDowell stated to the press that the EIB’s new energy lending policy, seen as a landmark decision, has been approved with 'overwhelming' support. He reiterated that it will bar investments or financing for most fossil fuel projects, including those that employ the traditional use of natural gas...The significance of this decision by the EIB cannot be understated...While various Green Parties and environmental NGOs are celebrating this move as a major victory, it is a victory that comes with some real risks...The decision by the EIB and the EU finance ministers is very much a political one, not based on real assessments of the overall energy market situation inside of the EU, or taking into account economic and geopolitical risks. Brussels has, for decades, been targeting a higher level of security of energy supply in order to wean Europe off its Russian gas addiction. This strategy has been far from a success story, with European countries today seem more addicted than ever to Russian gas."

Energy Markets

 
WTI Crude Oil: ↑ $55.44
Natural Gas: ↑ $2.56
Gasoline: ~ $2.59
Diesel: ~ $3.00
Heating Oil: ↑ $187.03
Brent Crude Oil: ↑ $61.23
US Rig Count: ↓ 828

 
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