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MORNING ENERGY NEWS  |  12/13/2019
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Why is Big Tech censoring critics of the EV tax credit?


Epoch Times (12/12/19) reports: "Nearly 50 percent of the value of federal electric vehicle (EV) tax credits has been claimed by Californians, according to a coalition of advocacy groups that’s pushing Senate Republicans to defeat the Democrats’ Green New Deal proposal to extend and expand the subsidy... 'Democrats have made expanding the electric vehicle subsidy a top priority before Congress wraps up for the year. This move would essentially enrich two auto companies, General Motors and Tesla, along with wealthy coastal elites, mainly from California and New York,' American Energy Alliance (AEA) President Thomas Pyle said in a Dec. 10 statement...In a Dec. 10 letter to McConnell, signers representing the 33 members of the AEA-led coalition observed that when the EV credit was first proposed by Sen. Orrin Hatch (R-Utah), he promised it was a temporary measure...Among the coalition’s member groups besides AEA are: Americans for Tax Reform, Americans for Limited Government, the Clear Energy Alliance, the CO2 Coalition, National Black Chamber of Commerce, Consumer Action for a Strong Economy, Competitive Enterprise Institute, Independence Institute, Citizens Against Government Waste, E&E Legal Institute, Mackinac Center for Public Policy, Taxpayers Protection Alliance, and the Energy45 Fund."




"Democrats are now beholden to radical environmentalists who oppose fossil-fuel production of any kind. That will cost them come the 2020 elections."

 

– Peter Ferrara,
The Heartland Institute

America's fracking revolution has made gas, literally, cheaper than...


Wall Street Journal (12/11/19) reports: "Dominion Energy Inc. has struck a $200 million pact with a renewable energy producer and the Dairy Farmers of America Inc. to extract natural gas from cow manure. The arrangement calls for the utility to fund construction of organic-waste processing facilities called anaerobic digesters amid clusters of large dairy farms, connect the facilities to natural gas distribution pipelines and sell the gas. Vanguard Renewables, of Wellesley, Mass., will build and operate the digesters, which break down organic waste into usable fuel and fertilizer. Dairy farmers, for a fee, will supply manure, and in some cases lease out land upon which the equipment will be built. It is the latest venture between big livestock concerns and power producers aiming to generate pipeline-quality natural gas from animal waste. Doing so results in gas that is more expensive than that which has flooded the market from U.S. shale formations. So-called biogas, however, is in high demand among consumers, businesses and local governments eager to lower their emissions and earn environmental plaudits. It can generate valuable and tradable carbon offset credits for buyers, which can make producing biogas worthwhile for companies like Dominion."

A *major* investment coming to the Gulf.


Houston Chronicle (12/12/19) reports: "Chevron said Thursday it will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion. The California energy major authorized the Gulf's next big platform project while describing it as the first-ever, high-pressure development in the deepwater Gulf. The Anchor project will drill wells at 5,000 feet of depth with the capability of handing pressures of 20,000 pounds per square inch. The high-pressure technology is expected to open up other avenues of growth within the Gulf, Chevron said. 'This decision reinforces Chevron's commitment to the deepwater asset class,' said Jay Johnson, Chevron's executive vice president for upstream. 'We expect to continue creating value for shareholders by delivering stand-alone development projects and sub-sea tie backs at a competitive cost.'"

The cronies in congress are all out of excuses. 


Real Clear Markets (12/10/19) column: "In recent years, Congress has made strong progress toward making the tax code fairer, simpler and more pro-growth. As the end-of-year-budget deadline approaches, lawmakers should not undermine these goals by extending distortionary tax provisions like solar and wind credits. Back in 2015, Congress enacted bipartisan tax legislation with the goal of ending the pattern of annual “tax extenders” legislation. The proposal took the largest extenders and made them permanent or put them on the pathway toward repeal...There are many reasons Congress should not extend these provisions. For one, solar and wind credits distort the tax code by creating incentives to make decisions based on the tax benefit, rather than the merits of the technology. Ideally, the code should be neutral so that the most economically productive decisions are made...Ultimately, there is no excuse for Congress to devote any time to extending wind and solar credits. All year, Congress has failed to pass substantive legislation and there is no shortage of bipartisan proposals that deserve attention. Extending solar and wind credits do not belong on this to-do list. They are no longer needed by industry, undermine the success of the recent tax reform efforts, and would mark a return to Congress’ bad habit of subsidizing special interest over providing broad-based tax relief." 

"A Whopper for me and soylent green for thee."


Washington Times (12/12/19) reports: "The anti-meat messaging at the UN Climate Change Conference apparently hasn’t deterred attendees from grabbing a bite at one of the world’s most popular burger joints. Climate Depot’s Marc Morano caught on video long lines at the Madrid climate confab onsite Burger King, even though the outlet wasn’t serving the Impossible Burger, the chain’s recently unveiled vegan offering. 'Burger King only offered real cow meat at the summit location,' Mr. Morano said in his Thursday report. 'No fake meat burger available is even more ironic, given that the UN just gave its "Planetary Heath" award to the company responsible for Burger King’s fake meat "Impossible Meat" burgers on December 10.'..The UN Environment Programme warned in November 2018 that 'meat production is one of the most destructive ways in which we leave our footprint on the planet,' and encouraged consumers to eat less meat. The annual climate-change convention, known as COP25, hosts delegations from across the world to 'take the next crucial steps in the UN climate change process' following the 2015 Paris Agreement."

Onward Brexit!  BoJo notches huge win for the deplorables, while once again the elites get thumped. Can't wait for the media stories about how it was really just the inability of the left to communicate their message and not their policies that the voters rejected.
 

Yahoo News (12/13/19) reports: "UK Prime Minister Boris Johnson proclaimed a political "earthquake" Friday after his thumping election victory cleared Britain's way to finally leave the European Union after years of damaging deadlock over Brexit. With all but one result declared for the 650-seat parliament in Thursday's momentous election, Johnson's Conservative party had secured 364 seats -- its biggest majority since the heyday of Margaret Thatcher in the 1980s. The main opposition Labour party suffered its worst performance since the 1930s, forcing its socialist leader Jeremy Corbyn to announce plans to step down, but Scottish Nationalists performed well, raising the prospect of another push for independence. The pound shot up to its highest level since mid-2018 on hopes for a swift end to uncertainty over how, when -- or even if -- Britain was going to draw its often rocky five-decade involvement in the European project to a close...Labour was heading to its worst result since 1935, losing 59 seats to 203, after what Corbyn admitted had been a "very disappointing night". He said he would be stepping down after a period of "reflection", and would not be leading the party into the next election, which is due by 2024."

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: ↑ $59.76
Natural Gas: ↓ $2.27
Gasoline: ↓ $2.56
Diesel: ~ $2.99
Heating Oil: ↑ $197.68
Brent Crude Oil: ↑↓ $65.01
US Rig Count: ↑ 837

 
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