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MORNING ENERGY NEWS  |  01/09/2020
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We are praying for the good folks Down Under. And also hoping they don't tank their economy for the sake of virtue signaling.


Wall Street Journal (1/7/20) column: "I’ll never forget my first Christmas in Australia. The year was 2001. The mercury hovered around 100 degrees Fahrenheit—you don’t get a white Christmas in Sydney. From the balcony of an apartment overlooking Bondi Beach, I watched the sky turn from a bright blue to an ashen gray to a brackish brown as smoke poured down from over the hill behind us. What would later be known as the Black Christmas fires raged in the Blue Mountains, 50 or so miles inland. Climate change hadn’t become the catchall explanation for natural disasters. My hosts, who grew up with bad fire seasons, shook their heads and served the turkey...The climate-change narrative grossly oversimplifies bush fires, whose causes are as complex as their recurrence is predictable: Australia is in the midst of one of its regular droughts. Byzantine environmental restrictions prevent landholders from clearing scrub, brush and trees. State governments don’t do their part to reduce the fuel load in parks. Last November a former fire chief in Victoria slammed that state’s 'minimalist approach' to hazard-reduction burning in the off-season. That complaint is heard across the country."



"The U.S. and Germany embraced two diametrically opposed philosophies. One is based on free enterprise, which ultimately inspired innovation to the great benefit of many. The other is based on government-directed decision-making, and it is failing to meet its own objectives at great cost."

 

– Katie Tubb,
The Heritage Foundation

This 'moderate' currently has a 6% on AEA's Energy Scorecard.


Bloomberg (1/8/20) reports: "Rep. Conor Lamb (D-Pa.) won a 2018 special election in Donald Trump country with a moderate message, vowing to protect the district’s jobs in manufacturing, natural gas, and nuclear power while criticizing the president’s environmental rollbacks. It’s unclear if that same recipe will help Lamb and other moderate Democrats hold the House in November—and perhaps elevate their role in a caucus increasingly swayed by progressive Green New Deal backers. But Lamb’s moderate climate and energy views have boosted his re-election prospects in his suburban Pittsburgh district, some political analysts said. His strategy mirrors that of many Democrats who won long-held Republican seats: He is wary of ambitious climate proposals such as a carbon tax, but has fought to increase research on next-generation energy technologies. He also wants other climate options on the table to boost Rust Belt manufacturing jobs, such as putting more electric vehicles on the road."

Deadlines come, deadline go.
 

CNN (1/8/20) reports: "The signs at Glacier National Park warning that its signature glaciers would be gone by 2020 are being changed. The signs in the Montana park were added more than a decade ago to reflect climate change forecasts at the time by the US Geological Survey, park spokeswoman Gina Kurzmen told CNN. In 2017, the park was told by the agency that the complete melting off of the glaciers was no longer expected to take place so quickly due to changes in the forecast model, Kurzmen said. But tight maintenance budgets made it impossible for the park to immediately change the signs. The most prominent placards, at St. Mary Visitor Center, were changed last year. Kurzmen says that park is still waiting for budget authorization to update signs at two other locations. But the glacier warning isn't being removed entirely, she told CNN. Instead, the new signs will say: 'When they will completely disappear depends on how and when we act. One thing is consistent: the glaciers in the park are shrinking.'"

For anyone who was questioning who pays to keep the lights on in Colorado.


The Watauga Democrat (1/7/20) reports: "An oil and gas trade group in a new report highlights Aurora, Colo., as an example of the energy industry benefiting a local community. The American Petroleum Institute (API) report, released Tuesday during an event, says the industry contributes $3.3 billion a year to the 6th Congressional District – which includes Aurora – and supports 24,000 jobs there. 'The natural gas and oil industry … helps maintain economic stability throughout the Denver metro area, and the entire state of Colorado,' Michael Orlando, an economist at the University of Colorado-Denver, said in the report. Colorado Petroleum Council Executive Director Lynn Granger said in a statement the industry helps to keep costs low for working class families. 'Colorado’s abundant energy resources are keeping costs down for working families and creating opportunities not only within the industry, but for businesses as diverse as restaurants and engineering firms,' Granger said. 'Advancing policies that support, rather than hinder, this progress while protecting public health and reducing emissions is critical to Colorado’s economic growth and long-term prosperity.'" 

And New Mexico too, for that matter.



Las Cruces Sun-News (1/8/20) column: "It’s hard to find anyone across the world who is not talking about the current turmoil in Iraq and Iran. However, there is one group that is suspiciously silent: New Mexico’s radical environmental community. Why is the eco-left so quiet when it comes to vital energy situation for our country? A quick history lesson is in order. Over the last 50 years, instability in the Middle East was met with a spike in oil prices that hit every family America. Our country has witnessed long lines for gasoline and higher prices at the pump every time there was a hiccup thousands of miles away...Today, we’ve finally achieved that promise because of New Mexico’s energy workers...New Mexico’s energy workers play a key role in developing the oil and natural gas that continue strengthening the position of the United States against vulnerabilities that have crippled our economy in the past. For the first time in generations, American energy independence is protecting our economy from instability."

Energy Markets

 
WTI Crude Oil: ↑ $60.00
Natural Gas: ↓ $2.13
Gasoline: ↑ $2.60
Diesel: ~ $3.01
Heating Oil: ↓ $195.23
Brent Crude Oil: ↑ $65.67
US Rig Count: ↓ 824

 
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