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MORNING ENERGY NEWS | 01/22/2020
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** A live look at these 'prophets' breathing in the cleanest air in America's recorded history.
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Reuters ([link removed]) (1/21/20) reports: "U.S. President Donald Trump touted the success of the U.S. economy in Davos on Tuesday, dismissing 'perennial prophets of doom' on climate change to an audience that included Greta Thunberg...Trump did not refer directly to teenage Swedish activist Thunberg, who responded to his speech by referring to 'empty words and promises' from world leaders...Trump said the U.S. would join an initiative to plant a trillion trees, but spent several minutes of his speech hailing the economic importance of the oil and gas industries...Thunberg, one of many young people speaking at Davos this year, left Trump’s address flanked by security and pursued by camera crews and reporters. Trump later told reporters: 'I’m a very big believer in the environment. I want the cleanest water and the cleanest air.'"
** "These alarmists always demand the same thing: absolute power to dominate, transform, and control every aspect of our lives...We will never let radical socialists destroy our economy, wreck our country, or eradicate our liberty. America will always be the proud, strong, and unyielding bastion of freedom."
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– Donald Trump, President of the United States of America ([link removed])
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Taxpayers paid to have them built and to have them shut off.
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** aily Mail ([link removed])
(1/19/20) reports: "Wind farms were given more than £3 million per day by the government last week to switch off their turbines and not produce electricity. The money was handed over after a fault was discovered in the Western Link power line, a 530-mile high-voltage cable running from the west coast of Scotland to the north coast of Wales that carries electricity to England. On January 10, strong winds meant that too much energy was being produced on the line, prompting wind turbines to be shut down. The following day, 50 wind farms were asked to stop producing electricity, and given a total of £2.5 million in compensation. In total, energy firms were given more than £12 million in compensation, which will be added onto consumer bills, with the payments causing fury. According to analysis, the compensation payments were 25 to 80 per cent more than what the energy firms would have earned had they been producing electricity. The Renewable Energy Foundation revealed in December that 86 wind
farm operators in Britain were handed more than £136 million in compensation last year - a new record amount, reported the Telegraph."
These kids are being too hard on themselves...
** Yahoo Finance ([link removed])
(1/21/20) reports: "Climate activist Greta Thunberg said Tuesday 'basically nothing' has changed since she started protesting about climate change 18 months ago. 'Pretty much nothing has been done,' Thunberg said at a panel Davos on Tuesday. 'Emissions of CO2 has not reduced and that is what we are trying to achieve.' The 17-year-old Swedish climate activist made the comments at one of the opening sessions of the World Economic Forum’s (WEF) annual meeting, commonly known as Davos. Her comments came after she was asked what had changed since she launched her student climate strike movement in August 2018...But she said that awareness had not translated into action and 'basically nothing' had been done about reducing emissions and tackling the warming planet. Thunberg said people must 'start listening to the science' and 'start treating this crisis as the crisis it is.' Thunberg urged world leaders and the media to take climate change more seriously, warning the planet has just eight year’s
worth of ‘carbon budget’ left to avoid dangerous warming to the globe over the next 100 years."
They did manage to accomplish something, a record-breaking pile-up of idling cars.
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America just isn't ready for the trash economy yet.
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** oston.com ([link removed])
(1/12/20) reports: "On a recent afternoon here, with urgency in the air, local officials huddled to consider what until recently was unthinkable. Should they abandon their popular curbside recycling program? Or spend millions to build a plant to process plastic and paper on their own? With the recycling market across the country mired in crisis, a growing number of cities and towns are facing a painful reckoning: whether they can still afford to collect bottles, cans, plastics, and paper, which have so plummeted in value that in some cases they have become effectively worthless. 'We’re looking at going from paying nothing to paying $500,000 a year,’ said Dave Billips, the director of public works in Westfield, referring to the city’s recycling costs. 'That’s going to have a major impact.’'"
Energy Markets
WTI Crude Oil: ↓ $57.97
Natural Gas: ↑ $1.91
Gasoline: ↑ $2.54
Diesel: ↓ $2.99
Heating Oil: ↓ $181.30
Brent Crude Oil: ↓ $64.21
** US Rig Count ([link removed])
: ↑ 814
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