** House Transportation Chairman Peter DeFazio (D-Ore.) said he won’t bring Republicans in on his transportation bill because they don’t share his climate goals. “I think there are certain pieces … where we have goals that [House Republicans] don’t share in terms of dealing with climate change and climate crisis in this bill,” he said. “We’re going to plow on on our own.”
** The investment bank Goldman Sachs is predicting a worsening supply glut of crude oil in 2020 followed by an energy boom with improved prices. Goldman Sachs wrote this week the glut will lead to fewer rig counts followed by a market rebalance and a price rally.
** The Houston Chronicle reported that Houston oil field service company McDermott International has landed $1.7 billion in new capital nearly a month after its stock nose dived 75 percent. An SEC filing showed the credit deal was made with Barclays Bank, Credit Agricole Corporate and Investment Bank and five other financial institutions.
** Texas power company Oncor hoped to restore power by now to nearly all of the nearly 150,000 customers who lost power during the outbreak of tornadoes in Dallas on Sunday. At least nine tornadoes were confirmed in North Texas with maximum wind speeds of 140 miles an hour.
** In New Mexico, electric customers of the city of Farmington filed a federal lawsuit this week claiming the city is discriminating commercial and residential solar customers by charging a standby service rider. The suit was filed by the nonprofit environmental law center Earthjustice.
** Former Alaska Lt. Gov. Mead Treadwell is spearheading a new effort to sell North Slope natural gas with an offshore Arctic LNG plant and icebreaking tankers. He is CEO of Qilak LNG which has an agreement with ExxonMobil to buy gas from the major producer’s Point Thomson field on the eastern North Slope for 20 years.
