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MORNING ENERGY NEWS  |  7.31.2019
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By making them $70,000 poorer in one year.


Fox News (7/30/19) reports: "Radically transforming energy consumption under the "Green New Deal" (GND) would cost the average household at least $70,000 in the first year of its rollout, and a cool quarter-million dollars total after five years, a new study concluded. The study, released jointly by the Competitive Enterprise Institute (CEI) and Power the Future on Tuesday, looked at a wide swath of data to estimate how transforming the energy sector -- which includes de-carbonizing transportation and retrofitting U.S. commercial and residential buildings -- would affect the average household in five representative states...While it's early in the primary season, candidates will be competing soon for voters in some of the states modeled by the institute. For example, the study found that the battleground state of Pennsylvania would face over $2 trillion in costs for upgrading residential, commercial and industrial buildings. Florida would encounter a $1.4 trillion price tag and New Hampshire, the first primary state, would face $102.8 billion in retrofitting costs."


"What do you do with an industry that knowingly — for billions of dollars of short-term profits — is destroying this planet. I say that is criminal activity that cannot be allowed to continue."

 

– Bernie Sanders, 2020 Hopeful

In Boulder this Thursday? Stop by and support a fierce advocate of American energy, Chris Wright.


The House (7/30/19) event: "The House Select Committee on the Climate Crisis will hold its first field hearing in Boulder, Colorado on August 1st at 9:00 a.m. MDT / 11:00 a.m. EDT. The hearing will be held in the Wittemyer Court Room, Wolf Law Building at the University of Colorado Boulder, 2450 Kittredge Loop Drive, Boulder, CO. It will also be livestreamed on this page. This is a public hearing and seating will be available on a first-come, first-served basis. To attend the hearing, please follow signage off Regent Drive, heading south on Kittredge Loop Drive. A paid public lot next to the Wolf Law Building will be avialble for parking and an attendant will be onsite from  8:00 am – 12:00 pm to direct attendees to the building entrance. Entry to the Courtroom will open at 8:30 am for attendees."

At least someone is fighting sub-par energy policy on the Indian sub-continent. 


Times of India (7/28/19) column: "As a liberal party, our default position is to reject any government intervention in the lives of people unless it is thoroughly justified. In particular, we reject the wishy-washy precautionary principle. Real harm must be proven before even the thought of government intervention is entertained...In contrast to CO2, though, socialism causes real harm – but don’t expect Nature or grant-sucking scientists and economists to tell us that. India could easily become $125 trillion economy by 2100 if it dumps socialism. Instead, if India continues with Mr. Modi’s socialism, it will struggle to become even a $20 trillion economy. But Nature won’t ever publish my article that spells this out for India and the world. These anti-poor communists would rather peddle the Green New Deal."

A Louisiana gator in sheep's clothing?


The New Yorker (7/27/19) reports: "Garret Graves is a forty-seven-year-old Republican congressman from Louisiana who, earlier this year, bet his considerable political future on the proposition that the age of conservative climate denial is over. Graves had come to the point of view, he told me recently, “that those who were denying were taking an unsustainable position. That the science was going to further and further sink the island that they were standing on, and that eventually they would be inundated.” When the Speaker of the House, Nancy Pelosi, announced a new Select Committee on the Climate Crisis this winter, after teen-aged activists staged a sit-in at her office, Graves visited the Republican leader in the House, Kevin McCarthy, to argue that the new committee gave Republicans a chance to take a less obstinate position on climate change, if they were nimble enough to see it." 

It's not just the lunatics in Washington you have to worry about.


CFACT (7/27/19) column: "The County and staff have arbitrarily decided to pledge allegiance to the U.N. and adopt the Paris Climate Pledge.  Years back, during a BOS meeting, Supervisor Dennis Rooker told me he did not see any U.N. blue helmets there in the County, when I pointed out to him the flawed climate policies of the U.N. IPCC. My how times have changed. Now the County holds the U.N. up as a standard of reference...County planners and climate lobbyists tout renewable energy as a replacement for fossil fuels. Natural gas produces 35.1% of the kilowattage and coal is responsible for 27.4%. Wind and solar contribute 6.6% and 1.6%. Explain how 8% wind and solar will replace 62% reliable energy 24/7. During heat spells, wind activity falls, and wind turbine power output falls just when it is needed the most. A logical conclusion is that the County staff have an agenda for wishing to ration energy in the County not related to temperature or climate change, or that they are uninformed of these climate/energy facts. The County Staff openly give away the game by using the U.N. Intergovernmental Panel on Climate Change (IPCC) as their guide."

Energy Markets

 
WTI Crude Oil: ↑ $58.45
Natural Gas: ↑ $2.14
Gasoline: ↓ $2.72
Diesel: ~ $2.98
Heating Oil: ↑ $195.66
Brent Crude Oil: ↑ $65.17
US Rig Count: ↓ 985

 
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