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MORNING ENERGY NEWS  |  12/26/2019
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How about traveling less and staying in your government-mandated climate commune more?


Reuters (12/24/19) reports: "Germans will have to change their lifestyles, cutting back on holidays and paying a real price to master the challenge of climate change, the speaker of Germany’s parliament Wolfgang Schaeuble said on Tuesday. In a Christmas interview, Schaeuble, a conservative who as finance minister during the euro zone debt crisis famously urged austerity and fiscal discipline on poorer southern countries, said climate change would demand sacrifices of Germans. 'We will have to change our lives,' Schaeuble told the Neue Osnabruecker Zeitung newspaper. 'It’s certainly a great pleasure to fly off to the Maldives or visit Venice. But in future we will have to indulge that pleasure more sparingly.'...A climate protection package agreed earlier this year envisages sharp cuts to emissions of the greenhouse gas carbon dioxide over coming decades, as well as investment in railways, energy-efficient housing and electric vehicles."

"America had an incredible year in energy, and we as a nation should be celebrating. In fact, we are...Yes, Americans are celebrating, and every drive to dinner or vacation, and every delivery from an online purchase are because of our American energy."

 

– Daniel Turner, Power The Future

Let me say this in plain English: This kind of stuff is the reason Donald Trump is going to get re-elected.


Oil Price (12/19/19) reports: "The 'freedom gas' phrase coined by a U.S. Under Secretary of Energy earlier this year, has won the award for worst phrase from the Australian Plain English Foundation. 'When a simple product like natural gas starts being named through partisan politics, we are entering dangerous terrain,' the Australian Plain English Foundation’s Executive Director, Dr Neil James, said commenting on the award. 'Why can’t natural gas just remain natural gas?' The simple answer to this would be that a commodity as strategic as natural gas will always be wrapped in politics and hence impossible to just remain natural gas. The phrase appeared in a May 2019 press release from the U.S. Department of Energy announcing its approval for additional export capacity at the Freeport LNG facility in Texas. 'Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy. Further, more exports of U.S. LNG to the world means more U.S. jobs and more domestic economic growth and cleaner air here at home and around the globe,' was the full statement by Under Secretary Mark W. Menezes. The other linguistic jewel mentioned in the Australian foundation’s awards was 'molecules of U.S. freedom', which also appeared in the same press release but was the brainchild of another official, Assistant Secretary for Fossil Energy Steven Winberg."

Energy Markets

 
WTI Crude Oil: ↑ $61.27
Natural Gas: ↑ $2.24
Gasoline: ↑ $2.55
Diesel: ~ $2.99
Heating Oil: ↑ $204.82
Brent Crude Oil: ↑ $67.47
US Rig Count: ↓ 839

 
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