New Colorado Law Might Stop Oil & Gas Drilling

By Michael Bastasch – Re-Blogged From WUWT

State’s Economy — Oil And Gas Drilling

From The Daily Caller

Legislation is headed to Colorado Gov. Jared Polis’s desk that would completely overhaul state permitting of oil and gas wells that’s got Republicans and the industry worried.

The bill, which passed out of the state Senate on Wednesday in a party-line vote, changes the make-up and mission of the Colorado Oil and Gas Conservation Commission, the state’s drilling regulatory body.

Once signed into law, officials will begin crafting a slew of new rules and regulations that critics fear could end up being a de facto ban on drilling in much of the state. Polis, a Democrat, is expected to sign the bill this week.

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Weekly Climate and Energy News Roundup #354

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Quote of the Week: “I know that most men, including those at ease with problems of the greatest complexity, can seldom accept even the simplest and most obvious truth, if it be such as would oblige them to admit the falsity of conclusions which they have delighted in explaining to colleagues, which they have proudly taught to others, and which they have woven, thread by thread, into the fabric of their lives.” – Leo Tolstoy [William Readdy]

Number of the Week: Up to 100 times more

Why I Don’t “believe” In …: Judith Curry brought up a thoughtful essay by Robert Tracinski illustrating how politicians and the like try to persuade others to accept their views by manipulating meaningful terms to the point of rendering the terms meaningless. Currently it is fashionable to invoke the term “science” to justify one’s political policies and beliefs.

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Coal Advocates Warn The US Grid Is Growing More Vulnerable

By Tim Pearce From The Daily Caller – Re-Blogged From WUWT

The American Coalition for Clean Coal Electricity (ACCCE) released a white paper Wednesday warning of the U.S. electric grid’s growing instability as coal plants are phased out.

The coal industry has suffered years of decline and coal plants in the U.S. are struggling to stay open. The industry’s waning is causing downstream effects to workers who must find new jobs and miners’ pensions that are in danger of going unfunded. (RELATED: Coal Company Bankruptcies Are Putting Coal Miners’ Pensions At Risk)

The ACCCE white paper, titled “The Value of Coal and the Nation’s Coal Fleet,” argues for the value coal power provides to the grid. Along with nuclear energy, coal is the most reliable baseload energy, the paper says. Both coal and nuclear energy are in decline.

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EU Dumps 2050 Climate Alarmist Commitments

By Larry Hamlin – Re-Blogged From WUWT

In a spectacular climate alarmist policy failure the EU dumped its “carbon neutrality by 2050” commitment and targets driven by the sacred but highly arbitrary and unsubstantiated 1.5 degree C global temperature “limit” and ended its Brussels summit with no climate commitments or targets for year 2050.

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Weekly Climate and Energy News Roundup #353

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Letter to President Trump: On March 18, under the leadership of the Competitive Enterprise Institute (CEI) and The Heartland Institute, about forty independent organizations and over one hundred individuals sent a letter to Donald Trump supporting the proposed President’s Commission on Climate Security under the direction of William Happer of the National Security Council staff. Robert Bradley posted the entire letter on the web site Master Resource. A few key points are quoted below:

“The commission would consist of a small number of distinguished experts on climate-related science and national security. It would be charged with conducting an independent, high-level review of the Fourth National Climate Assessment and other official reports relating to climate and its implications for national security. Its deliberations would be subject to the transparency requirements of the Federal Advisory Committees Act.

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U.S., EU Energy & Emissions Now Insignificant to Global Energy & Emissions Growth

By Larry Hamlin – Re-Blogged From WUWT

Climate alarmist propaganda activists and their supporting media here in the U.S. and EU have perpetrated a badly flawed fiction that somehow the U.S. and EU have the ability to control how the rest of the world deals with future energy use and emissions growth.

The hard and unequivocal reality is that neither the U.S. nor the EU will play a defining role in determining how much future global energy use or emissions growth will increase.

The energy use and emissions growth of both the U.S. and EU have become insignificant relative to future global growth.

This reality is illustrated by the emissions graph below which clearly displays that declining emissions by both the U.S. and EU coupled with continuing huge growths in emissions by the developing nations renders both the U.S. and EU inconsequential regarding future global emissions growth.

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Economist Foresees “Quick Decline” in US Oil Production

By David Middleton – Re-Blogged From WUWT

U.S. Oil Production Is Headed For A Quick Decline

By Philip Verleger – Mar 11, 2019

The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from 11.9 million barrels per day at the end of 2018 to 13.5 million barrels per day by the end of 2020. Most other forecasters agree.

Thus, it may come as a surprise to learn that production at the end of 2020 may have actually decreased from December’s 11.9 million barrels per day level to between 11.3 and 11.5 million barrels per day. This lower figure represents the production level that should be expected given the financial activity of the independent firms behind the shale output surge.
The coming decline will occur mostly in the areas that have produced the most growth over the last five years: the Bakken, Eagle Ford, Haynesville, Julesburg, and Permian basins. The production drop will occur because the firms operating there have been forced by monetary constraints to cut back on drilling. The recent reduction in debt and equity issuance by these firms assure the output decline.

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