Climate Slush funds for all.
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Morning Energy News

2/17/2016

The Paris Agreement: Transferring wealth to 3rd world dictators since 2015...

Reason (2/16/16) reports: “Lo and behold, Zimbabwe's government-run daily "newspaper" The Herald reported that "Southern Africa is already counting the costs of climate change-linked catastrophes… In Zimbabwe, which has seen a succession of droughts since 2012, a fifth of the population is facing hunger… feeding them will cost $1.5 billion or 11 percent of... the Gross Domestic Product." No doubt Robert Mugabe, the 91-year-old dictator who has ruled Zimbabwe since 1980, is salivating at the prospect of some global warming cash. Beginning in 2000, Mugabe started to expropriate privately-held agricultural land. The result of what what is euphemistically called "land reform," was a monumental fall in productivity and the second highest bout of hyperinflation in recorded history...Thankfully for the Zimbabwean dictator, there are plenty of gullible Westerners willing to believe that the frighteningly vile and comically incompetent government isn't at the root of Zimbabwe's food shortages, but that global warming is to blame.”

Bright Bulb Award:

Thankfully, the Obama Administration will only let Big Wind kill eagles for 5 years at a time!

E&E Publishing (2/16/16) reports: “To comply with a court order, the Fish and Wildlife Service is shortening the time given to project developers for unintentionally harming or killing eagles. The move to limit "take" permits for eagles to no longer than five years -- down from the 30-year time frame that FWS had previously allowed -- will take effect tomorrow when the rule is published in the Federal Register. The 30-year permits, which continue to be strongly supported by the wind power industry, were struck down last year in the U.S. District Court for the Northern District of California. Eagles and other birds can be battered or worse if they fly into the rotating blades of a wind turbine”

Let's just print money. It's not like anything bad can happen. 

The Guardian (1/30/16) “The international community has agreed on an ambitious agenda to curb climate change. Some 195 countries have decided to try and cut greenhouse gas emissions to a level that will limit the rise in average global temperatures to well below 2C. The question we now face is: how are we going to finance the changes needed to reach this goal? Quantitative easing – creating new money – might just be the answer.”

It's about the climate cash.

Reuters (2/16/16) reports: “The United States will sign the Paris Agreement on climate change this year regardless of the Supreme Court's decision to put a chunk of President Barack Obama's environmental action on hold, the U.S. climate envoy said on Tuesday. Todd Stern also said that Obama's successor, even if it is a Republican, would be unlikely to scrap the Paris deal as to do so would have negative diplomatic implications.”

The rock stars at the Independence Institute should already be on your radar. If not, pay attention.

Mr. Alaska should stick to snowmobiling. 

Alaska Dispatch News (2/16/16) reports: “Former U.S. Sen. Mark Begich says he will not run for any elected office this year. In an interview with The Associated Press, the Democrat, who lost his 2014 re-election bid to Republican Dan Sullivan in a hotly contested race, said he has felt pressure from Alaskans to run but wants to focus for now on building his consulting business and spend time with his family.”

How low can you go...

The Daily Caller (2/16/16) reports: “Americans are enjoying cheap energy with the average price of gasoline at only $1.70 per gallon and natural gas near historic lows.”

...not much lower if OPEC has their way. 

Forbes (2/16/16) reports: “The oil production freeze announced Tuesday by a few OPEC members and Russia is not a cut and is largely meaningless. It does not include Iran and Iraq. It apparently only includes Saudi Arabia, Russia, Venezuela and Qatar. What is it really? A largely empty and cynical gesture that will almost certainly result in another “head-fake” price increase that won’t last. This will boost OPEC revenue temporarily...It is important that Russia was involved. It is more significant that Iraq, whose production growth has been the largest in OPEC, and Iran, whose renewed export will become the largest growth in OPEC, were not involved."

Energy Prices

WTI Crude Oil: ↑ $29.69
Natural Gas: ↑ $1.92
Gasoline: ↑ $1.71
E85:  $1.99**
Diesel:  $1.99
Heating Oil: ↓ $104.41
Brent Crude Oil: ↓ $33.10

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