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DAILY ENERGY NEWS | 02/22/2023
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** If safety was the primary concern of these regulators Keystone would have been finished a decade ago.
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Duluth News Tribune ([link removed]) (2/21/23) reports: "When it comes to moving fossil fuels as safely as possible from where they are produced to where they are needed, the data is clear that pipelines are the best choice, particularly over long distances...'According to the most recent numbers available, 99.99 percent of gas and crude oil is moved safely through interstate transmission pipelines,' says the American Fuel and Petrochemical Manufacturers. 'This achievement is the result of a culture that values safety above all, throughout the pipeline lifecycle,' which they say includes 'pipeline operators constantly monitoring pipeline performance using state-of-the-art technology.' But an administration that began with President Joe Biden killing a major pipeline project — the Keystone XL — and a plunge in energy leases has supporters of fossil-fuel production wary about
regulatory changes. If you ask Dan Kish at the Institute for Energy Research, onerous government regulations are precisely the reason people are now pushing for new calculations on the 'safe distance' from pipelines. 'The goal is to make it so expensive or so impossible to use any of the U.S.'s world-class energy resources that Americans are forced to use renewable-energy technology, which, unfortunately, only works part-time and is largely dependent upon Chinese production,' Kish said.
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** "It’s a lot easier to convince the Berkeley City Council to adopt a ban on natural gas than it is to deliver that fuel and do so reliably and affordably to thousands (or millions) of homes and businesses. Put another way, the NGO-corporate-industrial-climate complex has launched an asymmetric war against the hydrocarbon and nuclear-energy sectors. "
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– Robert Bryce, Substack ([link removed])
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Here's a brain teaser: What happens when a Greenpeace activist gets into the German government?
A: Germany shuts down nukes and increases coal generation.
** Bloomberg ([link removed])
(2/16/23) reports: "As Germany’s climate envoy, Jennifer Morgan stands alongside John Kerry and Xie Zhenhua of China as one of the world’s top climate negotiators. But she is no typical bureaucrat. Before taking up the position of envoy, she headed up Greenpeace, known for its political activism and climate stunts. 'I consider myself — and many other diplomats — activist diplomats,' Morgan said in an interview for the Zero podcast. Morgan took on the job in March 2022, just as Germany was facing up to its biggest geopolitical shock in decades: Russia invading Ukraine and the subsequent squeeze of Europe’s gas supplies. The conflict forced Germany, which sourced more than half of its gas from Russia, to build new liquefied natural gas terminals at record pace and to increase production of coal. Predictably, climate protests erupted across the country — Swedish activist Greta Thunberg was detained at one — and pictures of police in riot gear protecting giant earth diggers made for difficult
headlines. All of that has complicated Morgan’s role, which was meant to parlay German leadership on climate and clean energy into helping the world speed up reductions of planet-warming emissions. Germany has some of the most climate-forward targets on offer, including cutting coal use by 2030, banning fossil-fuel cars by 2035 and reaching net-zero emissions by 2045. 'The government is working to do everything that it can to phase out coal more quickly, while also dealing with this Russian war of aggression,' Morgan said. 'And that is hard; it is not easy at all.'"
Legacy media doesn't have an agenda, that's just a conspiracy theory...
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Land of the free, home of the minimally environmentally invasive energy producers.
** Energy In Depth ([link removed])
(2/21/23) reports: "Efforts to restrict oil and gas production in the United States could “yield perverse impacts on the global environment,” according to a recent Institute for Energy Research report by the Institute for Energy Research (IER). Specifically, researchers found evidence that U.S. production combined with above average environmental standards disproportionately reduces the environmental harms of oil and gas on a global scale. From the report: 'The results show that purely as a matter of environmental protection, replacing U.S. domestic production with foreign supply would be an overwhelmingly negative tradeoff.' Using the Environmental Performance Index (EPI), the report examines top oil and gas producing countries by measuring performance indicators such as climate change performance and environmental health. Here are a few key findings:
* The average barrel of petroleum produced outside of the United States is produced by a country that scores 23.6 percent lower than the United States for environmental performance. That’s because the United States has an EPI of 51.1, while the other 20 largest oil producers’ average score is 39.
* Similarly, natural gas produced outside of the United States is produced by a country that scores 24.5 percent lower than the United States on average for environmental performance. The 20 largest natural gas producers in the world average an EPI score of 38.6 compared to a U.S. score of 51.1.
Bottom Line: It is far better for the environment and the global economy if energy demand is met by production in countries like the United States. With a proven track record of supplying nations with natural gas while promoting global energy security, it’s evident that U.S. oil and natural gas is the solution to a richer, more sustainable future."
Energy Markets
WTI Crude Oil: ↓ $75.74
Natural Gas: ↑ $2.11
Gasoline: ↓ $3.39
Diesel: ↓ $4.41
Heating Oil: ↓ $278.42
Brent Crude Oil: ↓ $82.30
** US Rig Count ([link removed])
: ↓ 834
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