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MORNING ENERGY NEWS  |  01/06/2020
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To save the Chon-Go-Chango' islands!


Fox News (1/4/20) reports: "Rep. Maxine Waters, D-Calif., appeared to have been tricked by Russian pranksters into thinking she was speaking on the phone with Greta Thunberg and that the teenage climate activist had dirt on President Trump. Vladimir Kuznetsov and Alexey Stolyarov, who go by the names Vovan and Lexus on YouTube, released audio of a phone conversation allegedly between Waters and people she believed to be Thunberg and her father. The audio was accompanied by illustrations poking fun at the conversation. The conversation began with 'Thunberg' telling Waters that she was calling from a climate strike meeting in North Carolina where they were advocating for the protection of the fictitious 'Chon-Go-Chango' islands. She asked Waters to make remarks to the meeting attendees, where she showered 'Thunberg' with praise. 'Thunberg' then told Waters about a fictitious meeting she said she had with President Trump at the United Nations back in September. 'It was a really terrible meeting in the U.N. building in September with him. And I had nightmares afterwards. It's terrible,' the Thunberg impersonator told Waters. 'I saw him in the hallway. He was with security and I shouted at him, 'Sign the Paris Climate Agreement again!'"

"In key energy states, energy workers rejected Hillary Clinton. Joe Biden and the other Democratic candidates this year don’t stand a better chance. Rejected, belittled, dismissed … energy workers and their families are listening. And soon enough they will be voting. No one should be surprised for whom."

 

– Daniel Turner, Power The Future

Biden reminding everyone how moderate he is. 


Washington Examiner (1/6/20) reports: "Fielding a question on the environment posed by an international supporter in Iowa, former Vice President Joe Biden said he '100 percent' believes we should 'not be allowing plastic.' 'What's your focus' the Kenyan woman asked. 'Because in Kenya, we are trying to clean the environment, no plastic bags, you go with your own bags.' 'I agree with you 100 percent,' Biden replied. 'We should not be allowing plastic, and what we should do is phasing it out.' Biden, 77, received applause for the comments. California, Hawaii, and Oregon have passed bans on the disposable plastic bags, and Sen. Kamala Harris said we 'need to ban the plastic straws' in September. In 2015, a handful of Democrats called for a 10-cent tax on plastic bags nationwide, and just last year, the House of Representatives imposed a ban on plastic straws in its cafeterias. Washington, D.C., banned plastic straws on Jan. 1. Biden is leading the 2020 Democratic field, according to RealClearPolitics." 

And if you thought he was tough on Corn Pop wait until you see his plan for energy producers.


The Daily Caller (12/30/19) reports: "2020 presidential candidate Joe Biden suggested fossil fuel executives should go to jail if they do not act responsibly. Biden spoke about 'holding them liable for what they have done, particularly in those cases where your underserved neighborhoods and … you know the deal,' at a town hall in New Hampshire. 'And by the way, when they don’t and they’re deliberate, put them in jail,' Biden said."

When all else goes off the rails, count on Texas to keep an even keel.


Carlsbad Current-Argus (1/3/20) reports: "The United States exported more oil than it imported for the first time in history last year, as production boomed in the Permian Basin of southeast New Mexico and West Texas. In September 2019, the U.S. exported 89,000 barrels more of petroleum per day – including crude oil and petroleum products – than it imported...EIA records pointed to the Permian Basin as driving national oil production growth, which accounted for 63 percent of Texas’ oil production and 93 percent of production in New Mexico. Production in the basin was forecast to average 4.4 million barrels per day in 2019, up about 920,000 from 2018’s average...The start of 2020 saw the price of domestic crude oil continue its rise into the low $60s, threatening to reach the mid $60s for the first time since September 2019, when the price of West Texas Intermediate closed at about $63 per barrel on Sept. 16, per data from Nasdaq. As of Friday, WTI was trading at $63 per barrel, continuing its run in the $60s that began on Dec. 13...This instability in the Middle East and hostilities between the U.s. and Iran – a top-oil-producing nation – led to the market reacting in support of U.S. oil, the report read."

Energy Markets

 
WTI Crude Oil: ↑ $63.56
Natural Gas: ↑ $2.15
Gasoline: ~ $2.58
Diesel: ~ $3.01
Heating Oil: ↓ $205.67
Brent Crude Oil: ↑ $69.32
US Rig Count: ↓ 820

 
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