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MORNING ENERGY NEWS | 12/24/2019
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** Especially since so many people in D.C. can expect coal this Christmas.
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E&E News ([link removed]) (12/23/19) reports: "Even as coal fades from the modern world, North Pole demand remains strong. The customary gift for naughty children has taken on new life in the digital age, despite coal being replaced as the nation's dominant fuel — a title it had held since it wove itself into American holiday lore during the Industrial Revolution. Most of the lumps for sale are plastic or novelty items like little red bags of black, pebble-sized bubble gum, but real coal is not hard to find on eBay, Amazon or Etsy. Much of it comes from northeastern Pennsylvania — America's first mining hotbed and home to one of the world's only supplies of the hardest, highest-quality coal variety. 'Anthracite is definitely the coal of choice for Santa,' said Duane Feagle, executive director of the Pennsylvania Anthracite Council, a regional industry advocacy group. The tradition originated roughly around the time St. Nicholas started donning a red-and-white
suit, but coal was not the first form of holiday punishment for misbehavior. In The Atlantic, Georgia Tech scholar Kent Linthicum wrote that coal became Christmas castigation only at the turn of the 20th century. St. Nick had a habit of grabbing what was on hand. For centuries, naughty children had earned rocks, ashes and potatoes for their misdeeds. In the poem 'Old Santeclaus With Much Delight,' they received a 'long, black, birchen rod' that threatened future whippings. As coal steadily replaced wood as the primary source of home heating throughout the 1800s, it started popping up in stories of the day. At first, coal was welcomed as a warming gift for parents. The black rock became punitive, Linthicum argued, as more Americans began to rely on their local coal merchant supplied by far-off mines. By the 1920s, coal had cemented itself in Christmas culture."


** "I am not going to write off the jobs of thousands of Australians by walking away from traditional industries...What we won't do is engage in reckless and job-destroying and economy-crunching targets which are being sought."
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– ([link removed]) S ([link removed]) cott Morrison, Australian Prime Minister ([link removed])

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In the not too distant future, Swedes will be relegated to walking or using eco-yachts.

** B ([link removed])
** rietbart ([link removed])
(12/22/19) reports: "The proposed ban has been met with positive comments from green groups but others, such as those who actually work in the car industry, are highly critical of the proposal, Swedish broadcaster Sveriges Radio reports. BIL Sweden, an industry organization for the manufacturers of cars, trucks ad buses, said the ban could prove incredibly costly for vehicle manufacturers and potentially for consumers as well. Jessica Alenius, Vice President of BIL Sweden, said that she did not think the ban was a good way to proceed, saying that the government should offer incentives instead — such as lower taxes, parking fees, and congestion taxes for those using electric cars. Johan Andersson, CEO of the Swedish Petroleum & Biofuels Institute, was also critical, saying Swedish lawmakers should not deviate too much from laws in other countries, and adding that a ban could impact the competitiveness of Swedish industry."

Energy Markets


WTI Crude Oil: ↑ $60.64
Natural Gas: ↓ $2.18
Gasoline: ~ $2.54

Diesel: ~ $2.99
Heating Oil: ↑ $202.53
Brent Crude Oil: ↑ $66.62
** US Rig Count ([link removed])
: ↓ 845



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