Leadership, so called

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DAILY ENERGY NEWS | 11/18/2022

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"So, even if regulations on U.S. methane emissions could completely stop the increase of atmospheric methane (they can’t), they would likely only lower the average global temperature in the year 2222 by about 0.2 °C, a completely trivial amount given that humans have adapted to a much larger change over the past century while reducing climate deaths by over 98%."

– William Happer,
CO2 Coalition

Hey SEC, any interest in investigating the biggest Ponzi scheme in world history? Oh, too busy with ESG mandates?

CEI (11/16/22) blog: "When asked on CNBC about the implosion of crypto exchange FTX, Securities and Exchange Commission (SEC) Chairman Gary Gensler turned the focus away from the individual company scandal and pointed his finger at the crypto community. 'This is a field that is significantly noncompliant' with SEC rules, he said. Gensler will likely sound similar notes when he addresses the U.S. Treasury Market Conference this afternoon. But when it comes to following the securities law, it’s really Gensler who is 'significantly noncompliant' with what the law allows and what the law requires. He has exceeded his powers to pursue agendas such as environmental, social, and governance (ESG) mandates and going after legitimate cryptocurrencies such as XRP and LBRY in arbitrary enforcement actions in which no fraud was alleged—seemingly at the expense of the SEC’s core function of protecting investors from fraud and deception. SEC Commissioner Hester Peirce’s comment that pursuing ESG mandates 'distracts us' from 'other important work to do,' applies to the many initiatives Gensler has pursued that did not involve fighting fraud and that exceeded the SEC’s authority. By contrast to those actions that exceeded the agency’s jurisdiction, SEC clearly had authority to investigate and bring enforcement actions against alleged fraud against FTX’s investors, if not its retail customers. Though FTX was not a publicly traded company, the SEC has clear authority to deal with a company’s fraud against private shareholders. For instance, it brought investor fraud charges in 2018 against executives of Theranos, the private 'unicorn' medical device firm that is now being compared to FTX because both had dynamic young founders who put a veneer of glib talk around questionable claims."

Energy freedom isn't just a slogan. Abandoning energy abundance is inviting shortages of everything else.

Bloomberg (11/17/22) reports: "Although inflation may be tapering in certain sectors, it’s still taking quite a bite out of the holiday meal. Thanksgiving dinner will cost a whopping 20% more in the US this year, according to the Farm Bureau’s 37th Annual Survey. The report provides a snapshot of the average cost of the traditional feast for 10 and is based on 224 surveys of stores across the US and online. The biggest bump is for stuffing mix, which is up 69% due to a flour shortage stemming from Russia’s invasion of Ukraine. By contrast, cranberry prices have dipped 14% as a result of overproduction. A significant driver of price increases has been escalating input costs for farmers, American Farm Bureau Federation Chief Economist Roger Cryan said during a conference call with reporters on Wednesday. 'Fuel costs have roughly doubled and fertilizer prices in many cases tripled.',,.Other sources vary on how much prices have jumped. The October Consumer Price Index for turkey and other non-chicken poultry was up 17% over last year. For the entire meal, retail analytics firm IRI reported an increase of 13.5%, while the US Department of Agriculture reported a smaller rise of 1% to 6%."

The peasants will own nothing, eat bugs, and live in pods while the climates commissars dine on Wagyu beef.

Daily Caller (10/1/22) reports: "World leaders and officials attending the United Nations COP27 climate conference can spend up to $100 per entree to eat red meat, seafood and other gourmet menu items. However, the UN has previously discouraged red meat consumption due to the carbon emissions that beef farming creates. Delegates who arrive at Egypt’s beachside resort city of Sharm El-Sheikh to discuss ways to mitigate the 'climate crisis' are able to enjoy COPGourmet’s $100 Angus beef medallion which is served with mushroom sauce and sauteed potatoes, according to screenshots obtained by the Daily Caller News Foundation. However, the UN aims to 'minimize emissions per calorie' and to reduce meat consumption in order to prevent the planet from overheating, according to a COP27 food security document.'...Although many Egyptian dishes, including its national dish Koshary, are vegan, not one main dish on the VIP menu is vegan, and the $20 pesto and cheese ravioli represent the sole vegetarian entree on offer. A plant-based diet is healthy and can help reduce individuals’ environmental impact as meat farming produces significant amounts of carbon emissions, according to the UN. 'It was amusing to hear about how Angus beef and sea bass was being served to certain officials, while at the same time, side events at COP27 were championing the idea of going vegan and eliminating red meat,' Committee for a Constructive Tomorrow President Craig Rucker told the DCNF.

If you oppose a carbon tax, take a stand and contact us.

Tom Pyle, American Energy Alliance

Myron Ebell, Competitive Enterprise Institute

Phil Kerpen, American Commitment

Andrew Quinlan, Center for Freedom and 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
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Thompson Meeks, Freedom Foundation of Minnesota
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
Jack Ekstrom, PolicyWorks America

Energy Markets

WTI Crude Oil: ↓ $80.09
Natural Gas: ↓ $6.37
Gasoline: ↓ $3.70

Diesel: ↓ $5.33
Heating Oil: ↓ $351.93
Brent Crude Oil: ↓ $87.83
US Rig Count: ↑ 859

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