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MORNING ENERGY NEWS  |  11/25/2019
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Pure imagination.


Utility Dive (11/24/19) reports: "Democrats introduced new legislation Thursday to adopt a 100% clean energy economy goal nationwide by 2050. The bill, introduced by Rep. Donald McEachin, D, with more than 150 co-sponsors, would require all sectors of the economy to achieve net-zero greenhouse gas emissions by the middle of the century. Federal agencies would be tasked with identifying a path toward the goal, while the Environmental Protection Agency would be in charge of reviewing their plans. Environmental groups and clean energy advocates hailed the bill as a step in the right direction to combating climate change. Gas associations and other stakeholders, however, adopted a more cautious tone about the legislation."

"Today’s corn-ethanol program is a glaring failure, and it is unconscionable that politicians of both parties are conspiring to keep it alive despite knowing full well what its problems are."

 

– Mario Loyloa,
Competitive Enterprise Institute

This is more beautiful than anything hanging in the Lourve. 


Energy In Depth (11/14/19) reports: "The United States will overtake Russia as the world’s leading producer of oil and natural gas, reshaping global markets, and bolstering national security, according to the International Energy Agency’s 2019 World Energy Outlook. Going all the way up According to the report, the United States will account for a staggering 85 percent of the world’s oil production growth and 30 percent of natural gas growth through 2030. Despite a slight plateauing from the astonishing progress seen over the last few years, shale output 'is set to stay higher for longer than previously projected.' This growth will continue to reinforce the country’s position as a major exporter of oil and natural gas. Between 2016 and 2018 alone, U.S. LNG exports more than quintupled, to a record nearly 1.1 trillion cubic feet of LNG in 2018. That’s about 189 billion cubic feet more than 2016 and 2017 combined."

Hopefully Nickleback jumps on this bandwagon.


Travel+Lesiure (11/21/19) reports: "Coldplay has announced that they will not go on tour until they find a more environmentally-sustainable method of travel. 'The hardest thing is the flying side of things,” frontman Chris Martin told The BBC. 'But, for example, our dream is to have a show with no single-use plastic, [and] to have it largely solar-powered. We've done a lot of big tours at this point. How do we turn it around so it's [not] so much taking as giving?'...Martin said this isn’t a lifetime ban on the group's touring. They will resume shows once they’ve found a way of not just decreasing their carbon footprint but being 'environmentally beneficial.' Coldplay’s last world tour, that spanned from 2016 to 2017, required 109 tour members, 32 trucks and nine bus drivers. They all traveled around the world, playing 122 concerts across five continents. The concerts brought out 5.4 million fans, each of whom has their own environmental impact of traveling to and from the show."

Another reason to send your kids to Hillsdale.


NBC (11/23/19) reports: "The Yale-Harvard football game on Saturday was disrupted by climate protesters storming the field during halftime to demand that the two Ivy League universities divest from fossil fuels. Photos shared on social media show a large crowd sitting on the field at Yale Bowl in New Haven, Connecticut, while others stand behind them with a large sign that read: 'Nobody Wins: Yale & Harvard are complicit in climate injustice.' Another sign read: 'Yale and Harvard students united for climate justice' Divest Harvard — a group that advocates for the Massachusetts university to divest its endowment holdings in the fossil fuel industry — said in a tweet that more than 150 Yale and Harvard students, alumni, and faculty rushed onto the field to 'demand DIVESTMENT from fossil fuels & cancel holdings in Puerto Rico debt.' Advocate group Fossil Free Yale tweeted that the two prestigious universities 'have no right to profit off the destruction of the planet and land.' The students sat in the middle of the field and delayed the start of the second half by at least 45 minutes, NBC Connecticut reported." 

Energy Markets

 
WTI Crude Oil: ↓ $57.63
Natural Gas: ↓ $2.58
Gasoline: ↓ $2.59
Diesel: ↓ $3.19
Heating Oil: ↑ $193.50
Brent Crude Oil: ↓ $63.33
US Rig Count: ↓ 822

 
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