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MORNING ENERGY NEWS  |  01/13/2020
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Only in academia, can you get away with claiming a tax on energy is 'good news for your wallet.'


The Post Millennial (1/6/20) reports: "A CBC article states that on Jan. 1, the new federal carbon tax will be imposed on Alberta. But it then goes on to say that it might be 'good news for your wallet.' The article claims that “The new federal carbon levy will start at $20 per tonne, increasing to $30 per tonne in April and $50 per tonne by 2022. Prices are set to rise by about 4.4 cents per liter for gasoline and $1.05 per gigajoule of natural gas—but experts say that doesn’t mean a bigger hit to the average Albertan’s wallet. The experts they cite include professor of economics Trevor Tombe who claims: 'The rebate from the federal program is quite a bit bigger than the rebate that existed under the Alberta plan.' Tombe claims that 'because of the size of the rebate, the majority of families will see carbon tax costs that are less than the rebate they get.' Gas expert and former Liberal MP (under Chretien and Martin) Dan McTeague says that gas and diesel prices will rise from 7-8.5 cents per liter on Wednesday.”

"The worshipful mayors of New York and London should be panicked about saving their cities, not signaling their liberal credentials."

 

– Llwellyn King, White House Chonicle

You can't not watch the left cannibalize one other.
 

Colorado Public Radio (1/9/20) reports: "Denver police say they arrested 38 people, some juveniles, for disrupting today's 2020 State of the State speech at the Colorado Capitol. Gov. Jared Polis started about 15 minutes later than scheduled due to protesters who entered the House chamber where he was due to speak. The protesters chanted 'Ban fracking now!' and unfurled two banners from the balcony. The protesters also dropped fliers into the area where lawmakers were sitting. Sergeants and State Patrol officers combed the public gallery, looking for other protesters who had made their way inside. Those arrested could face charges of trespassing, disrupting a lawful assembly, and obstructing a peace officer. The State of the State speech is the annual chance for the governor to set the agenda for the four-month-long legislative session. The transcript of Polis' prepared speech is available here."

One for the history books.


Master Resource (1/13/20) blog: "The most free-market President in US energy history has added to his winning ways. Last week, he put into play a powerful proposal to depoliticize infrastructure spending under the National Environmental Policy Act (NEPA). The keep-it-in-the-ground energy obstructionists now find themselves on the defensive–and rightly so. Agenda-based environmentalism run amuck has long needed a reset, and Trump’s action is doing just that."

'A total cock-up'


Power Line (1/7/20) blog: "Ask a climatista who is the leader in climate action in Europe and you’re likely to get a word salad about Germany’s energiewende ('energy revolution'), which has seen the Fourth Reich spend something like $1 trillion Euros on 'green' energy over the last 25 years. Worth mentioning in passing that when I visited Germany on an energy junket as a guest of the German government in 2008, every expert we met said that Germany couldn’t possibly meet its 2020 or 2030 greenhouse gas targets unless they kept their nuclear power, which the Green Party had demanded be phased out as a condition for joining the coalition government back then. And then came the Fukushima in 2011, and Germany’s very worst ever Chancellor-Without-a-Mustache decided to phrase out nuclear power even faster, apparently fearful of tsunamis from the Rhine River or something. This is preface for this very cool two-minute animated map below from ElectricityMap of the carbon intensity of European electricity during 2019. A greener shade is low-carbon intensity, while a browner shade essentially means you use a lot of coal, like Poland, which uses coal proudly...Above all, you see that Germany is a total cock-up, as the Brits like to say." 

Energy Markets

 
WTI Crude Oil: ↓ $58.94
Natural Gas: ↑ $2.22
Gasoline: ↓ $2.58
Diesel: ↓ $3.01
Heating Oil: ↑ $192.86
Brent Crude Oil: ↓ $64.85
US Rig Count: ↓ 809

 
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