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MORNING ENERGY NEWS | 01/03/2020
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** It's tough to make predictions, especially about the future.
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The Daily Caller ([link removed]) (12/30/19) reports: "Energy analysts argued in 2010 that coal would still be a top fuel source by 2020 and that Americans would still be dependent on oil imports at the end of the decade — those projections didn’t pan out. The Energy Information Administration (EIA) projected in 2010 that the U.S. would be producing about six million barrels of oil a day by 2019, not the 12 million barrels of oil a day it actually produced. The EIA made other forecasts that year that did not ultimately come to fruition. The EIA projected oil prices would hover around $100 a barrel in 2019 instead of $60 a barrel, where oil prices are currently pegged. The agency was also apparently unable to see into the future and observe how hydraulic fracturing would affect gas production over the past decade...The fracking boom, which began around 2009, collapsed the price of natural gas, giving public utilities a low-cost
alternative fuel as regulations imposed by Obama forced coal plants to install expensive equipment or retire."


** "Humans are not a curse upon the planet, but are actually a benefit, because we are problem-solvers. We are creators, not destroyers, on average...When people ask you when was the best time to be alive – the answer is, tomorrow."
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– ([link removed]) M ([link removed]) arian Tupy, Cato Institute ([link removed])

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I think we're gonna need four more years of winning.

** E ([link removed])
** &E News ([link removed])
(1/2/19) reports: "President Trump celebrated the 50th anniversary of the National Environmental Policy Act yesterday by declaring he would soon make the federal permitting process 'far less time consuming.' Trump issued a presidential message yesterday morning on the White House's rewrite of NEPA regulations. He said they would be released 'soon.' 'My Administration remains committed to improving the environmental review and permitting process while ensuring environmental protection,' he wrote. 'This will benefit our economy and environment while also enhancing the quality of life for current and future generations of Americans.' NEPA gives the public a voice in major federal decisions regarding projects like highways, pipelines and transmission lines. It was signed into law by former President Nixon on New Year's Day 50 years ago, but guidance on implementing the statute has not been updated in decades. Trump administration officials have been retooling the NEPA rules, something energy
companies have been lobbying for...The president said his plan for the permitting process would be 'far less time consuming' and that federal environmental reviews would be led by one federal agency and completed in two years. He said he directed the Council on Environmental Quality to 'modernize' the federal scrutiny and decisionmaking process. The White House's Office of Management and Budget recently completed its review of the proposed changes and are expected to be released any day now."

That should do it.

** The Hill ([link removed])
(1/2/19) reports: "The Golden Globes announced Thursday that the menu for attendees at this year's awards show will not include meat. In a statement to The Associated Press, the Hollywood Foreign Press Association (HFPA), which hosts the Globes, said that the decision was made to draw attention to the connection between Americans' diets and climate change. 'If there’s a way we can, not change the world, but save the planet, maybe we can get the Golden Globes to send a signal and draw attention to the issue about climate change,' HFPA President Lorenzo Soria told the AP. 'The food we eat, the way we grow the food we eat, the way we dispose of the food is one of the large contributors to the climate crisis.' One dish on Sunday's menu reportedly consists of king oyster mushroom scallops on top of wild mushroom risotto with roasted Brussels sprouts, a dish concocted by Beverly Hilton executive chef Matthew Morgan. Also prepared by Morgan for the menu is a chilled golden beet soup. Morgan told
the AP that he thought the meatless menu would send a positive message to viewers and attendees. 'It was a little shocking when first mentioned, because of being very close to the actual Globes and having already decided on a menu,' he said. 'But once we thought about it and the message that it sent, we were really excited about it. That’s something I stand behind myself.'"

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
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Mandy Gunasekara, Energy 45
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $63.35
Natural Gas: ↑ $2.14
Gasoline: ↓ $2.58

Diesel: ↑ $3.01
Heating Oil: ↑ $08.21
Brent Crude Oil: ↑ $68.68
** US Rig Count ([link removed])
: ↓ 831



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