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MORNING ENERGY NEWS | 12/10/2019
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** Before Congress takes back control from overreaching, politically motivated bureaucrats?
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Daily Signal ([link removed]) (12/3/19) reports: "No one told Jack LaPant that he could be in violation of the Clean Water Act for farming his own land. That’s mostly because the federal law includes a clear exemption for 'normal' farming activities. But it’s also because the government officials LaPant consulted didn’t view overturned dirt that has been tilled and plowed as pollution. In 2016, the Army Corps of Engineers, which administers the Clean Water Act with the Environmental Protection Agency, began legal action against LaPant for plowing he did in 2011 to plant wheat on a ranch property he owned in Northern California. But in March 2012, LaPant had sold the property, located in Tehama County about 4 miles south of the city of Red Bluff...What’s particularly alarming to LaPant and other farmers familiar with his case is that in their view the Corps saw fit to modify the Clean Water Act
without congressional approval, Francois said. 'There’s a pretty broad, clear statement in the Clean Water Act that you don’t need a permit for normal farming activities.'"


** "There are ways to incentivize change and a green revolution. It is called competition and creative destruction. None of those are favored by governments, not because they are evil, but because governments have the incentive to maintain the obsolete sectors via subsidies."
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– ([link removed]) D ([link removed]) aniel Lacalle. Mises Institute ([link removed])

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The mad lad actually did it.

** Global News ([link removed])
(11/21/19) reports: "Premier Doug Ford said Thursday he is “proud” of his decision to tear up hundreds of renewable energy deals, a move that his government acknowledges could cost taxpayers more than $230 million. Ford dismissed criticism that his Progressive Conservatives are wasting public money, telling a news conference that the cancellation of 750 contracts signed by the previous Liberal government will save cash. 'I’m so proud of that,' Ford said of his decision. 'I’m proud that we actually saved the taxpayers $790 million when we cancelled those terrible, terrible, terrible wind turbines that really for the last 15 years have destroyed our energy file.' Later Thursday, Ford went further in defending the cancelled contracts, saying 'if we had the chance to get rid of all the wind mills we would.'"

It's so nice of the taxpayers to sponsor Rep. Thompson's gifts to his friends in the green industry.

** Inside Sources ([link removed])
(12/3/19) column: "Christmas is upon us, and the elves are busy in the North Pole suburb of Capitol Hill. The House has produced a draft piece of 'green energy' legislation that would yield massive costs, massive economic distortions and massive environmental damage. Rep. Mike Thompson, D-California, justifies his 'Growing Renewable Energy and Efficiency Now (GREEN) Act,' as 'a comprehensive approach to addressing the threat of climate change through our tax code.'...The legislation is a blatant pork-barrel exercise for innumerable interest groups. In its most important provisions, it would:
—Extend the wind production tax credit through 2024.
—Make permanent the solar investment tax credit, at a declining rate.
—Extend the investment tax credit until 2026 to a variety of energy sources that were excluded from the 2015 tax deal.
—Extend the investment tax credit at a declining rate to batteries and various other technologies at least through 2026.
—Renew a number of lapsed incentives for biofuels until 2024.
—Extend and revise the sales limit for the electric vehicle tax credit by raising the current 200,000-vehicle-per-manufacturer sales cap to 600,000, while reducing the credit from $7,500 to $7,000."

Germany's renewable house-of-cards is getting blown over.

** R ([link removed])
** echarge ([link removed])
(12/3/19) blog: "The state premiers of Germany’s five coastal states have asked Chancellor Angela Merkel for talks about the 'highly worrying' situation in the country’s wind industry, and presented an 11-point plan to boost the onshore and offshore wind expansion. The heads of government in Mecklenburg-Vorpommern, Bremen, Hamburg, Schleswig-Holstein and Lower Saxony reminded Merkel that more than 40,000 jobs have already been shed in the wind industry, while onshore additions have plummeted to 507MW this year so far, compared to a 2.7GW average in the years 2014-18. 'If this trend continues, there will no longer be a German wind power industry in the foreseeable future,' the state premiers said in an open letter to the Chancellor."

Energy Markets


WTI Crude Oil: ↓ $58.86
Natural Gas: ↑ $2.25
Gasoline: ~ $2.57

Diesel: ~ $2.99
Heating Oil: ↑ $194.79
Brent Crude Oil: ↓ $64.14
** US Rig Count ([link removed])
: ↑ 840



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