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MORNING ENERGY NEWS  |  01/01/2020
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To another decade of roaring American energy!


The San Diego Union-Tribune (12/30/19) reports: "The $10 billion liquefied natural gas, or LNG, facility on the Gulf Coast of Louisiana that is majority-owned by a subsidiary of San Diego’s Sempra Energy has successfully opened a second unit that will soon export natural gas to markets across the globe. 'We are pleased to reach this important milestone in the development of the liquefaction facility,' Lisa Glatch, chief operating officer for Sempra LNG, said in a statement. Called Cameron LNG, the massive plant opened commercial operations in August when it launched Train 1 of the facility. LNG production units are called 'trains,' and plant officials earlier this month announced Train 2 had begun producing liquefied gas that is scheduled to load onto cargo ships in the first quarter of 2020. A third train is scheduled to start exporting LNG from Cameron in the third quarter of 2020."

"Every new power plant generates electricity, jobs, better living standards, and more tax revenues to build more power plants, transmission lines and prosperity."

 

–Paul Driessen, CFACT

Another revealing line from "Moderate Joe."


The Daily Caller (12/30/19) reports: "Former Vice President Joe Biden suggested Monday that displaced coal miners should learn to code. 'Anybody who can go down 3,000 feet in a mine can sure as hell learn to program as well,' Biden said at a New Hampshire event Monday. He added later: 'Anybody who can throw coal into a furnace can learn how to program, for God’s sake!' Biden’s adversarial posture toward the coal industry bears similarities to that of 2016 Democratic nominee Hillary Clinton, who said her administration would 'put a lot of coal miners and coal companies out of business.' Biden said during the Dec. 19 Democratic presidential debate he would be willing to sacrifice hundreds of thousands of blue-collar jobs in the pursuit of climate goals. The former vice president similarly said during the July 31 Democratic debate that there would be no place for fossil fuels — including coal — under his administration."

Roll on highway, roll on along.


E&E News (12/30/19) reports: "A legal battle over emissions reductions for large trucks is back in action. The case, Truck Trailer Manufacturers Association Inc. v. EPA, has been on ice for three years to give the Trump administration time to reconsider Obama-era fuel economy standards for medium- and heavy-duty vehicles through 2027. Judges for the U.S. Court of Appeals for the District of Columbia Circuit last week granted the Truck Trailer Manufacturers Association's request to restart proceedings in the case. 'This case has been in an indefinite abeyance for three years at the request of the Agencies, which advised the court that they are reconsidering the rules and that their reconsideration could obviate the need for judicial review,' the group wrote in a Dec. 3 filing. 'But the Agencies have made no discernible progress and there is no prospect of progress in sight.' The National Highway Traffic Safety Administration, which is part of the Department of Transportation, is also a defendant in the lawsuit. The Truck Trailer Manufacturers Association told the D.C. Circuit that it could 'no longer afford to wait' for judicial review, given the approaching January 2021 deadline to implement the NHTSA standards."

Energy Markets

 
WTI Crude Oil: ↓ $61.06
Natural Gas: ↑ $2.19
Gasoline: ↑ $2.58
Diesel: ↑ $3.00
Heating Oil: ↓ $202.28
Brent Crude Oil: ↓ $66.00
US Rig Count: ↑ 839

 
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