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MORNING ENERGY NEWS  |  7.3.2019
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Unleashing American energy dominance is the primary goal, but green tears are a nice bonus.


Oilprice.com (7/2/19) reports: "The booming liquefied natural gas (LNG) infrastructure around the world—with the U.S. and Canada accounting for 74 percent of proposed LNG export terminal capacity—poses 'a direct challenge to Paris climate goals,' a new report from Global Energy Monitor has found. The push for LNG has sparked outrage by renewables activists who liken the so-called bridge fuel to kicking an oxycontin habit in favor of heroin...Globally, a total of US$1.3 trillion—including US$507 billion in the United States and US$410 billion in Canada—is currently being invested in LNG expansion, which would lock in much higher levels of natural gas production through the middle of this century."

"In his 1946 Independence Day speech, John F. Kennedy said, 'Eternal vigilance is the price of liberty.' Those words were never so true. Being mindful of the erosion of our independence and free-market system by those who oppose American energy development cannot be over emphasized."

 

– Edward Cross, Kansas Independent Oil & Gas Association

What's really more worthy of congressional oversight? Carbon emissions, or an international environmentalist cabal running guns to paramilitary groups in the developing world?


BuzzFeed News (7/2/19) reports: "Senior American lawmakers are demanding a wide range of internal documents from the World Wide Fund for Nature’s US branch as they continue to investigate whether the US government has bankrolled anti-poaching guards who have committed human rights abuses. In March, a BuzzFeed News investigation found that the world’s leading conservation charity funds, equips, and works directly with paramilitary forces that have tortured and killed people in national parks across Asia and Africa. WWF launched an 'independent review' in response to the revelations. Since then, the House Committee on Natural Resources has been examining whether taxpayer money has gone to any of these forces."

American energy producers giving more than just the backbone of our economy.


Marcellus Shale Coalition (6/28/19) blog: "Pennsylvania’s natural gas impact tax generated a record $251.8 million in 2018, bringing the seven-year total to $1.7 billion in new revenue for communities and statewide environmental and conservation programs. Revenues from the annual tax on natural gas development directly benefit all sixty-seven counties across the Commonwealth, including those without active natural gas wells." 

Sounds like someone has already had a bit too much 'green juice.'


ClimateWire (7/2/19) reports: "Marianne Williamson emerged from last week's presidential debates as a dubious star....'There are other people who have ... a higher gradient of technical understanding regarding the climate crisis and what needs to be done,' Williamson said in an interview with the Climate Mobilization. 'My part, I feel, I can mobilize people. I'm a popularizer. I can take something that seems complicated — that's what I've been doing for 35 years. I can break things down in a way that makes people go, 'Oh, all right, we can do this,' she said... 'Every public issue will eventually make its way to your private door. Good luck with all that green juice ... because when they're poisoning the air, and they're poisoning the Earth, and they're poisoning the food, and they're gutting the Clean Water Act and they're gutting the Clean Air Act — it's going to affect your life.'"

How do you say 'gilets jaunes' in Oregonian? 


CFACT (7/1/19) blog: "In a scene that would have done honor to the late Chuck Cushman, Oregonians by the thousands descended on the state Capitol in tractors, trucks, cars, and on foot to express their outrage over a pending climate initiatives that would have imposed disproportionate and unbearable burdens on Oregon’s rural communities....Farmers, ranchers, loggers, and others whose livelihoods depend on a thriving natural resource industry were up in arms over a Brown-backed cap-and-trade bill, HR 2020, that would substantially increase their fuel and energy costs while leaving urban residents virtually unscathed. The bill would establish the second statewide cap-and-trade system after California by dramatically reducing greenhouse-gas emissions in Oregon by 2050. It would do so by capping those emissions and requiring businesses to buy or trade for an ever-dwindling pool of pollution 'allowances.'” 

Be sure to stock up on popcorn before this one.


E&E News (7/2/19) reports: "The Democratic National Committee will formally consider a proposal next month to hold an official presidential primary debate dedicated to climate change policy proposals. The DNC's resolutions committee will consider two measures at their meeting in late August, one to hold a climate debate among 2020 candidates and another to hold a climate forum — in which only one candidate at a time would be on stage answering questions, a DNC official told E&E News."

Energy Markets

 
WTI Crude Oil: ↑ $56.74
Natural Gas: ↑ $2.26
Gasoline: ↑ $2.74
Diesel: ↑ $3.00
Heating Oil: ↑ $189.60
Brent Crude Oil: ↑ $63.04
US Rig Count: ↓ 1002

 
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