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MORNING ENERGY NEWS  |  12/09/2019
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For their rich friends back home. 


Washington Times (12/7/19) column: "Why are Democrats Sen. Chuck Schumer and House Speaker Nancy Pelosi teaming together to lobby for a tax bill that would provide about 80 percent of the benefits to Americans who make more than $100,000 a year? Mr. Schumer and Mrs. Pelosi are the ones who for the last two years have been railing against income inequality and 'tax cuts for the rich,' but now they are head cheerleaders for a bill that would extend and even expand tax favors padding the pockets of mostly wealthy Americans who can afford to buy pricey Tesla and GM electric vehicles. The price tag for taxpayers could reach $16 billion for this bill. What’s next, tax breaks for buying a Porsche or a Rolls Royce? Half of the tax breaks would go to residents of just two states. Guess which two. California, home state of Mrs. Pelosi. And New York, home state of Mr. Schumer. Coincidence? The voters of 48 states would get stuck paying most of the tab to underwrite the cars of those living in Manhattan and Silicon Valley."

"A successful business is like a good recipe: too much of any single ingredient can ruin the whole batch. That includes too much governmental meddling."

 

– Sean Stein Smith,
American Institute for Economic Research

The entire green scam described in one sign. "Pay us for nothing to change."

Raise your hand if you're old enough to remember the first "10-year" panic.


Forbes (12/6/19) column: "In recent years the issue of climate change has taken a decidedly apocalyptic turn.  Earlier this week United Nations Secretary-General António Guterres warned, 'If we don’t urgently change our way of life, we jeopardize life itself.' A group of scientists writes that we 'might already have lost control' over 'tipping points' in the Earth’s climate, warning that the 'stability and resilience of our planet is in peril.' It’s true that apocalyptic narratives have always had a place in discussions of climate. In 1989 the United Nations warned that the world had 'a 10-year window of opportunity to solve the greenhouse effect before it goes beyond human control.' But the escalation of apocalyptic climate rhetoric in recent years is unprecedented. The drumbeat of doom has led some prominent figures to turn on the mainstream climate community, complaining that 'climate scientists have been underestimating the rate of climate change and the severity of its effects.' In reality, climate science has not just accurately anticipated unfolding climate change, but has done so consistently for the past 50 years."

Greata sharing some good news for once.


Reuters (12/6/19) reports: "Teenage climate activist Greta Thunberg said on Friday the voices of climate strikers are being heard but politicians are still not taking action. 'We are getting bigger and bigger and our voices are being heard more and more, but of course that does not translate into political action,' Thunberg told a panel in Madrid, where a U.N. climate summit is taking place...'Of course there is no victory, because the only thing we want to see is real action,' Thunberg said. 'So we have achieved a lot, but if you look at it from a certain point of view we have achieved nothing.'" 

At least they aren't even pretending they want to get through the "gridlock" in Washington.


E&E News (12/6/19) reports: "Car horns blared as climate change protesters blocked the streets and disrupted morning rush hour for hundreds of Washington, D.C., commuters today. Extinction Rebellion and the group Shut Down DC impeded traffic flow this morning to protest the World Bank's and International Monetary Fund's financing of the fossil fuel industry. The demonstration coincided with protests in Europe over the U.N. climate conference in Madrid. In the afternoon, protesters joined actress Jane Fonda's Fire Drill Fridays event. 'We're going to shut down streets and inconvenience people so they have to think about what is going on right now,' said 18-year-old Tess Goddard, a first-year student at George Washington University."

Energy Markets

 
WTI Crude Oil: ↓ $58.47
Natural Gas: ↓ $2.22
Gasoline: ↓ $2.57
Diesel:↑↓ $2.99
Heating Oil: ↓ $192.85
Brent Crude Oil: ↓ $63.63
US Rig Count: ↓ 835

 
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