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MORNING ENERGY NEWS | 11/29/2019
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** Natural gas made it all possible.
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Energy In Depth ([link removed]) (11/26/19) blog: "There’s much to be thankful for this time of year: friends, family, good food, and even fracking. Thanks to continued innovation by industry, the United States is awash with oil and natural gas, helping to bring families together, keep them warm and put money back in their pockets. Natural Gas is Helping American Families Save Thousands of Dollars According to the U.S. Energy Information Administration, about half of U.S. households rely on natural gas to heat their homes and cook that delicious Thanksgiving meal. In 2018, natural gas was the source of about 24 percent of the residential sector’s total energy consumption. This increasing reliance on natural gas is helping to save Americans thousands of dollars – just in the time for the holidays! Thanks to soaring natural gas production, American consumers have saved over $1.1 trillion in the
past 10 years, according to a report by Shale Crescent USA and the Ohio Oil & Gas Energy Education Program. Natural gas costs have fallen 65 percent since 2008, having a direct impact on almost all of the goods and services Americans rely on every day. As a result, the report estimates that American families are saving an average of $900 per year. Even better, Americans that directly use natural gas to power their homes, save $4,000 annually. And for households in the lowest 20 percent of income, the realized savings equate to 2.7 percent of annual income. These savings don’t even account for the thousands of high paying American jobs being created by the industry every year."


** "The Permian basin in Texas alone now produces as much oil as the whole of the US did in 2008, and more than any Opec country except Iran and Saudi Arabia. This — not wind and solar which still provide only 2 percent of world primary energy — is the big energy story of the past decade."
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– ([link removed]) M ([link removed]) att Ridley, The Critic ([link removed])

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I guess they don't fit in the recycling bin.

** T ([link removed])
** he Gazette ([link removed])
(11/17/19) reports: "At a western Iowa wind farm, a demolition crew saws through red slashes marked on 120-foot turbine blades, cutting them into thirds before stuffing the thinnest piece inside the base’s hollow cavity, giving workers room to load more blades onto a flatbed trailer. The work is part of MidAmerican Energy’s efforts to 'repower' nearly 110 turbines, updating existing towers with longer blades, new hubs and refurbished generators. When the work is done, the wind farm will generate nearly 20% more energy, MidAmerican says. But the upgrades for Iowa’s growing wind industry, which is already among the nation’s largest, are creating some unexpected challenges. MidAmerican’s retired blades, destined for the Butler County Landfill near David City, Nebraska, about 130 miles away, are among hundreds that will land in dumps across Iowa and the nation. Critics of wind energy say the blades’ march to a landfill weakens the industry’s claim it’s an environmentally friendly source of
energy. 'This clean, green energy is not so clean and not so green,' says Julie Kuntz, who opposes a Worth County wind project. 'It’s just more waste going in our landfills.'"

Bad laws begging for bad outcomes.

** Washington Examiner ([link removed])
(11/25/19) column: "The Martin Act is a powerful law unique to New York State that essentially lets prosecutors investigate and accuse almost any company of fraud, without a grand jury process, without proof of intent, and even without evidence of harm. Some have dubbed the Martin Act the 'worst law in America.' Unsurprisingly, this law, which is as vague as it is broad, has been abused to create a multitude of lawsuits against big companies based more on politics instead of any actual fraud or any effort to restore losses suffered by shareholders. Bad laws like the Martin Act prompt bad lawsuits. Nowhere is that more evident than in the abusive civil suit and subsequent trial brought by the New York attorney general’s office against ExxonMobil, which just ended on Nov. 7. The judge’s decision is expected by mid-December...Although New York’s trial against ExxonMobil has concluded (except for the ruling), other militant attorney generals like Massachusetts’ want to keep the company in court
endlessly, relying on an imposing mountain of documents that failed to reveal anything fraudulent. More than anything else, an unscrupulous law in New York is being used to harass companies. States’ attorneys general should focus on more serious priorities."

Giving thanks the clowns in Sacramento don't have jurisdiction over the national grid.

** Heartland Institute ([link removed])
(11/26/19) blog: "As frustration grows over widespread wildfires and power outages in California, longstanding environmental and energy policies are increasingly being blamed for the ongoing devastation. Pacific Gas & Electric (PG&E), the state’s largest utility, has resorted to rolling blackouts throughout much of its service area to contain the blazes. Up to two million people were left in the dark for several days in October from the Bay Area to the Oregon border. The periodic cutoffs, which PG&E has said could go on for another ten years, are the company’s way of dealing with gusty winds—Diablo in the north, and Santa Ana in the south—that blow over high-tension power lines and create hazards that, along with transformer malfunctions, can spark wildfires...Rep. Tom McClintock (R-CA) has written and testified repeatedly over the years that decades of flawed environmental policies, repeated lawsuits, and mismanagement on state and federal forests have left the land littered with millions
of dead and dying trees ready to erupt in flames."

If you oppose a carbon tax, please ** contact us and take a stand (mailto:[email protected]?subject=Carbon%20Tax%20list)
.

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: ↓ $58.06
Natural Gas: ↓ $2.43
Gasoline: ↓ $2.58

Diesel: ~ $3.01
Heating Oil: ↓ $194.15
Brent Crude Oil: ↓ $63.48
** US Rig Count ([link removed])
: ↓ 811



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