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MORNING ENERGY NEWS  |  12/20/2019
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What was that line about Scranton Joe looking out for the working man?


Fox News (12/19/19) reports: "Former Vice President Joe Biden made clear at Thursday night’s Democratic presidential primary debate that he’d sacrifice economic growth due to a boom in oil and natural gas production and potentially risk displacing hundreds of thousands of blue-collar workers in order to combat climate change. Moderator Tim Alberta asked: 'Three consecutive American presidents have enjoyed stints of explosive economic growth due to a boom in oil and natural gas production. As president, would you be willing to sacrifice some of that growth, even knowing potentially that it could displace thousands, maybe hundreds of thousands of blue-collar workers in the interest of transitioning to that greener economy?' 'The answer is yes,' the former vice president said...'The Biden line sounds familiar, doesn't it?,' wrote America Rising Press Secretary Joe Gierut. He then highlighted Clinton’s line from 2016 when she said 'we're going to put a lot of coal miners and coal companies out of business.'"

"There has been extreme resistance [to extending EV tax credits] from the president. I don’t know why the White House would want to stop jobs and the future of the auto industry."

 

– Debbie Stabenow,
Senior Senator for Michigan

After Joe's performance last night she might be changing her tune.


E&E News (12/19/19) reports: "Climate change activist Rhiana Gunn-Wright, a chief architect of the Green New Deal, is backing Elizabeth Warren for president. Gunn-Wright, formerly the policy director for the progressive think tank New Consensus, announced her endorsement in a video through Warren's campaign, hours before today's primary debate in Los Angeles...'We're talking about very little time for a very massive transformation, which means that you need the full force of the federal government,' she said...Gunn-Wright is one of a handful of people who has worked on fleshing out the Green New Deal beyond its general goals of a 10-year effort to dramatically reduce greenhouse gas emissions while guaranteeing jobs, universal health care and other priorities. The first major product of that work came last month with the introduction of a public housing bill by Sen. Bernie Sanders (I-Vt.) — one of Warren's opponents for president — and Rep. Alexandria Ocasio-Cortez (D-N.Y.) that they dubbed the 'Green New Deal for Public Housing Act.' Ocasio-Cortez supports Sanders for president. Warren has backed the Green New Deal and framed her numerous climate-related campaign policy proposals as filling out the details of such a plan."

Cry harder lib.


Desmog (12/18/19) laments: "The oil industry, a staunch opponent of electric vehicles (EVs), received an early Christmas present from the White House as President Trump reportedly intervened to quash an EV tax credit expansion from inclusion in a government spending package...According to Bloomberg, White House pressure was a key factor in eliminating the EV tax credit extension: 'White House officials warned lawmakers that if they tried to expand the electric vehicle credit as part of a compromise spending bill, it could tank the measure, according to two people familiar with the matter. The issue is particularly heated in the West Wing and among conservatives who view the credit as mainly benefiting rich Californians and Tesla.' The American Energy Alliance...was one of the chief groups working to defeat the EV policy. In a press release, the AEA responded to the news by thanking the president and applauding him for 'holding the line.'..While AEA is calling the defeat of the EV tax credit extension a 'holiday reprieve for taxpayers,' the move is perhaps more accurately described as a holiday gift to the oil industry."

Speaking of tears, those corn clowns are having a rough one today.


The Gazette (12/19/19) reports: "Some farm groups and farm-state lawmakers expressed anger Thursday at the Trump administration over final ethanol rules that they said fail to uphold the president’s promises to the industry. The Environmental Protection Agency released its final version of a Renewable Fuel Standard rule, but it did not include language that President Donald Trump agreed to in meetings with industry officials, Iowa’s governor and congressional representatives during September and October...The final agreement does not specify that the EPA will add ethanol gallons back into the nation’s gasoline supply based on exemptions it granted oil refiners in the past three years. Instead, the final rule says EPA will base the final blending requirement on recommendations of another agency — the Energy Department — that typically have been lower than the reality...The EPA issued 85 retroactive small refinery exemptions for the 2016-2018 compliance years, undercutting the renewable fuel volumes by a total of 4 billion gallons, according to the Renewable Fuels Association."

The nightmare before Christmas, but with a bigger emphasis on the green fiend. 


Townhall (12/19/19) column: "I have many fond memories of watching my children on Christmas Eve as they anxiously awaited Santa’s arrival and the frenzied opening of presents that followed. While most children begin to question Santa’s existence around 7 or 8, many Democrats in Washington are apparently clinging to the idea that the federal government can take on the role of St. Nick...As 2019 comes to an end, let’s review three of the craziest socialist proposals offered this year by Democrats – ideas that don’t belong in anyone’s Christmas stocking – if I could, I’d place them at the back end of a reindeer...The Green New Deal is probably the most mindboggling of the ridiculous leftist policy proposals introduced this year. It could cost $90 trillion in the next decade, and the average American family would pay approximately $50,000 annually to fund this scam...The Green New Deal focuses more on changing our lives – how and where we live, the vehicles we are allowed to drive, the foods we eat. Changes that focus more on social engineering than improving the environment. AOC's former chief of staff, Saikat Chakrabarti, even acknowledged that, '[W]e really think of it as a how-do-you-change-the-entire-economy thing.'" 

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: ↓ $60.96
Natural Gas: ↑ $2.32
Gasoline: ~ $2.55
Diesel: ~ $2.99
Heating Oil: ↑ $203.09
Brent Crude Oil: ↓ $66.32
US Rig Count: ~ 839

 
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