Energy Update: Week of 2/20

Energy Update - February 20, 2018

Friends,

Hope you enjoyed an extra day in honor of our Presidents.  It offered us a chance to watch a little more of the Winter Olympics. While there has been lots of great action, tomorrow’s Women’s Ice Hockey Gold Medal game may be the most significant event of the entire two-plus weeks.  While men’s ice hockey has taken a ratings hit because the NHL players didn’t play (thanks Gary Bettman), the game between the US-Canada should be spectacular.  In a pre-medal round game, the teams played to a hard-fought, very physical 2-1 Canada victory.  The final will likely pick up where that game left off.  And this is not new: remember in Sochi in 2014, Canada scrapped back from a two–goal deficit to win the Gold in OT.  Stay up late and watch…I suspect it will be worth it.

Congress is out this week, but there are still a few important things going on…  The National League of Cities hosts an infrastructure briefing this afternoon, while an advanced nuclear summit starts in College Station, TX today and runs through Thursday.  As well, EPA holds the first of its additional Clean Power plan repeal hearing tomorrow in KC while the Interior Department’s public hearings continue Thursday in DC.  Finally on Thursday, the Washington auto press hosts Consumer Reports to roll out their Top Picks for 2018.  The Conservative PAC also holds its annual meeting this week at the Gaylord just outside DC and in addition to the usual suspects, heads of EPA Scott Pruitt, DOE’s Rick Perry and Interior Ryan Zinke will speak as well.

Some interesting stories over the weekend.  Our friend Steve Mufson of the WaPo had a great piece on the bankruptcy of the Charleston Gazette and its often contentious relationship with the state’s coal industry.  Our good friend and long-time CG reporter Ken Ward featured prominently.  Also on Sunday, USS Cole Commander Kirk Lippold authored a piece in the Pittsburgh Post-Gazette on the national security implications of a strong refining sector and how it is undercut by the complications surrounding excessive RIN costs pushing Philadelphia Energy Solutions into bankruptcy.

With Dave Banks departing, the Mexichem court case, previous State Dept comments and new legislation on HFC, there’s a lot of action surrounding HFC reductions and the Kigali amendment to the Montreal Protocol.  We can help with these stories so let me know if you are interested.

Finally, the American Council on Capital Formation (ACCF) has released a new paper just now that includes research from MIT and others on how to shape to shape infrastructure projects. And speaking of infrastructure, make your calendar for NEXT Thursday, March 1stwhen Bracewell hosts an infrastructure symposium featuring Sen. Ted Cruz, CEQ’s Alex Hergott and a number of other experts.

BTW, Spring training is under way…  Call with questions.  Best,

Frank Maisano

(202) 828-5864

1 (202) 997-5932