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MORNING ENERGY NEWS | 7.26.2019
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** No really, do these people actually understand what fueled the moonshot?
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UPI ([link removed]) (7/25/19) reports: "Democratic presidential candidate Sen. Kirsten Gillibrand laid out her climate change plan Thursday, which calls for a carbon tax on polluters and net-zero emissions within the first decade of her administration. Like her fellow Democratic candidates, the New York senator seeks to make the fight against climate change a key part of her 2020 campaign, backing the Green New Deal with her own plan she dubbed a 'Climate Change Moonshot.'"


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"Demands that all new energy production comes from renewable sources and that no new fossil fuel capacity be built are putting the reliability of New England’s power grid at risk."
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–Andrew Cline, Josiah Bartlett Center For Public Policy ([link removed])

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When the Fed starts talking about climate policy.

** E&E News ([link removed])
(7/25/19) reports: "The Federal Reserve Bank of San Francisco is planning a research conference on climate change — a first for the central bank. A memo seeking submissions for the conference scheduled for Nov. 8 was first reported by Axios on Tuesday and confirmed by the federal bank yesterday afternoon. Potential research topics described in the memo include measuring the costs of climate change, quantifying risks faced by households and the financial system, and incorporating climate change into growth forecasting."

Should we really throw the baby out with the bathwater?

** Reuters ([link removed])
(7/23/19) reports: "The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday. At issue is a six-month U.S. Treasury Department license that expires on July 27 that has allowed Chevron to keep operating its four joint ventures in Venezuela despite U.S. sanctions on the OPEC nation’s oil sector...White House economic adviser Larry Kudlow also favors renewing the license, the sources said. John Bolton, Trump’s national security adviser, opposes renewal as part of keeping maximum pressure on Maduro, the sources said. If Chevron is forced to leave, it could further crimp cash flow to Maduro’s government, as oil production could dip."

Newspapers are faring worse than the coal industry they are working so hard to kill.

** Pew Research Centers ([link removed])
(7/23/19) reports: "Every year since 2004, Pew Research Center has issued an assessment of the state of the news media, tracking key audience and economic indicators for a variety of sectors within the U.S. journalism industry. Here are some key findings about the state of the industry in 2018...U.S. newspaper circulation reached its lowest level since 1940...Cable news was a bright spot in another down year for the U.S. news media industry’s economic fortunes...Digital ad revenue has grown exponentially, but a majority goes to Facebook and Google rather than to publishers...The audience for local TV news has steadily declined...Traffic to news websites seems to have leveled off."

Only in California is energy illiteracy contagious.

** Inside Climate News ([link removed])
(7/23/19) reports: "Berkeley has become the first city in the United States to ban the use of natural gas in new low-rise buildings, and it isn't the only California community looking for ways to shift its buildings away from burning fossil fuels. Cities and towns across the state are considering measures to encourage developers to use only electric appliances in new buildings—and skip installing natural gas lines for stoves, furnaces and water heaters. Ken Davies, interim deputy director of Climate Smart San Jose, a unit within the city of San Jose's environmental services department, estimates about 60 cities and towns across the state—including San Jose—are considering building code measures to promote electric appliances as a way to reduce greenhouse gas emissions."

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
Hon. Tim Huelskamp, Ph.D., The Heartland Institute
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $56.43
Natural Gas: ↓ $2.23
Gasoline: ↓ $2.74

Diesel: ↓ $2.99
Heating Oil: ↑ $192.13
Brent Crude Oil: ↑ $63.76
** US Rig Count ([link removed])
: ↑ 986



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