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MORNING ENERGY NEWS  |  11/22/2019
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A specter is haunting Europe and the carbon taxers unleashed it.


France 24 (11/17/19) reports: "France’s Yellow Vest demonstrators staged peaceful rallies and occupied a top Parisian department store on Sunday, marking twelve months since the start of their protest movement. The glitzy Galeries Lafayette store in the French capital’s Opera shopping district was evacuated after dozens of protesters chanting anti-capitalist and anti-government slogans took over the third floor...The protest came on a second day of demonstrations to mark the anniversary of a leaderless revolt that badly rattled President Emmanuel Macron's government...In rural France, by contrast, the mood of the anniversary was more festive. Many Yellow Vests returned to the traffic roundabouts they occupied last year when they began rebelling against Macron's economic policies. The interior ministry put the number of demonstrators on Saturday at 28,600 nationwide, whereas organisers said nearly 40,000 people had rallied – a far cry from the estimated 282,000 who took part in the first big day of protests on November 17, 2018. The Yellow Vests, who accuse Macron of ruling on behalf of the urban elite, are adamant that they have not gone away."




"American fracking [is] a great threat to Russian interests."

 
            - Vladamir Putin, President of the Russian Federation

The land down under wants to be on top of the international coal game.


Australian Mining (11/21/19) reports: "Prime Minister Scott Morrison has announced plans that promise to cut complex project approval time from years to months. The government intends to create a single digital environmental approvals process to help push a large pipeline of major projects forward over the next decade starting with Western Australia, Morrison said during a speech to the Business Council of Australia on Wednesday night. The Prime Minister said his government was focussed on busting the obstacles that slowed down and even stopped business investment and job creation. 'Our deregulation agenda has a laser focus on reducing the regulatory compliance burden on business,' Morrison says...The government will also continue working with states and territories and the business community to simplify Australia’s business environment. 'We want to create the space for businesses in our economy to back themselves and take our growth to the next level,' Morrison said. 'The reforms we’re delivering hone in on what we’ve been hearing directly from Australian businesses that will help them grow and employ more people.' Minerals Council of Australia chief executive Tania Constable conceded that regulatory complexity and duplication, including overlapping state and federal processes, has delayed minerals projects and reduced global competitiveness without improving environmental protection."

Meanwhile, China looks eager to buy, despite it's very "meaningful" Paris commitments. 


E&E News (11/21/19) reports: "China is increasing its coal power capacity as other countries shrink their coal fleets, according to a new report. The nonprofit watchdog Global Energy Monitor said China has nearly 148 gigawatts of coal-fired plants either being built or likely to be revived, a figure that is roughly equal to the European Union's existing coal power capacity. Considering this capacity, the Chinese government may increase its coal power cap from 1,100 GW to 1,400 GW, analysts said, further slowing movement on an energy transition. 'China's proposed coal expansion is so far out of alignment with the Paris Agreement that it would put the necessary reductions in coal power out of reach, even if every other country were to completely eliminate its coal fleet,' said Christine Shearer, the group's coal program director."

Good work, FERC. In one day the potential for exporting for freedom molecules doubled.  


Bloomberg (11/21/19) reports: "Four liquefied natural gas export projects were cleared by the top U.S. energy regulator in a single day as a global supply glut casts doubt on whether they all will actually be built. The Federal Energy Regulatory Commission voted 2-1 in favor of three Texas LNG terminals-- Exelon Corp.-backed Annova LNG, NextDecade Corp.’s Rio Grande LNG and Texas LNG. They also approved Cheniere Energy Inc.’s planned expansion at Corpus Christi in Texas. Democrat Commissioner Rich Glick, who has repeatedly criticized the agency for ignoring climate change, dissented. Combined, the projects would roughly double the current U.S. LNG export capacity. The nation is already sending more gas overseas than ever as shale output surges...The U.S. is the world’s fastest-growing LNG exporter as the shale boom catapults the country into the ranks of the top global suppliers of the fuel, behind Qatar and Australia. The latest projects to be approved would be ideally situated to draw gas from the Permian Basin, where supplies have soared as a byproduct of oil output." 

Greens and Dems team up to berate grid operators for...wait for it...prioritizing energy security and reliability.


Utility Dive (11/20/19) reports: "Seven U.S. senators from four New England states have urged the regional grid operator to speed the addition of clean energy resources and take a more active role in addressing climate change as well as accommodating state resource policies...The lawmakers are critical of recent New England ISO market actions such as its ongoing fuel security initiative, which renewables advocates say tends to benefit fossil fuel generators and ignores the benefits of cleaner resources...The Natural Resources Defense Council echoed lawmaker concerns about ISO New England's recent market actions. The grid operator for years has implemented market rules 'that ignore the benefits of clean energy and frustrate states’ efforts to address climate change,' NRDC senior advocate Bruce Ho wrote in a blog post this week. He added the operator has been 'hiding behind the argument that its mission is limited to ensuring reliability and fair competition, rather than achieving environmental goals.'"

This symbolizes the entirety of the con that is Elon Musk.


CNBC (11/22/19) reports: "Tesla unveiled its futuristic pickup truck at a promotional event in Los Angeles, but when it came to showing off the vehicle’s durability, things didn’t quite go as planned. CEO Elon Musk claimed the car was “bulletproof” against a 9mm handgun. But when he got Tesla’s chief designer to throw a metal ball at one of its armored windows, audible surprise could be heard as the glass smashed — twice. 'Oh my f------ God,' Musk exclaimed when it first happened. 'Well, maybe that was a little too hard.' Design lead Franz Von Holzhausen gave it another shot, this time with another window. Again, the ball cracked the glass pretty badly...'We threw wrenches, we threw everything even literally the kitchen sink at the glass and it didn’t break. For some weird reason, it broke now,' Musk said, drawing laughs. 'I don’t know why. We will fix it in post.' It’s not clear whether the windows were supposed to shatter in the way that they did. But it’s apparent that Musk wasn’t expecting it, judging from his reaction." 

If you oppose a carbon tax, please contact us and take a stand.

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Amy Oliver Cooke, Independence Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↓ $58.47
Natural Gas: ↑ $2.58
Gasoline: ~ $2.59
Diesel: ~ $3.19
Heating Oil: ↑ $195.37
Brent Crude Oil: ↑ $64.02
US Rig Count: ↓ 837

 
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