Department of what?

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DAILY ENERGY NEWS | 04/05/2023

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One of the main goals of Biden's Department of Transportation is to ensure you have no means of personal transportation.

Fox News (4/3/23) reports: "President Biden's nominee to lead a little-known Department of Transportation safety subagency privately boasted that she would use her position at the agency to push aggressive climate policies.Ann Carlson — an environmental law expert who Biden nominated in February to be National Highway Traffic Safety Administration (NHTSA) administrator — boasted in 2021 that she was recruited by the administration to oversee climate standards for cars and trucks, according to emails obtained by the watchdog group Government Accountability & Oversight (GAO) and shared with Fox News Digital. 'With agenda-obsessed banks collapsing, a new and constant threat of winter and summer electricity blackouts and an absentee Transportation Secretary waving off disasters when he isn't ignoring them, even the most blinkered White House might discern a sign that, just maybe, government appointments are jobs with responsibilities, rather than taxpayer-financed activist platforms,' Chris Horner, a lawyer who represented GAO in a case involving the emails, told Fox News Digital. 'But this is what the Biden White House's ‘whole of government approach’ to the ideological climate agenda means,' he added."

"If Biden intends to fulfill his eco-calling, he needs to uphold his promises to mine, process and manufacture ‘green’ energy in America. Those 'good paying jobs' are languishing, as are U.S. opportunities to relieve itself from the pressure of being under Communist China’s thumb for supply chain and distribution pressures for everything from raw materials to finished products that are crucial to our nation’s tech, military and utility requirements."

– Rick Whitbeck,
Power The Future

Coal fuels India’s power demand growth. Must be nice to have leaders who prioritize energy security.

Reuters (4/5/23) reports: "India's power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records. Intense summer heatwaves, a colder-than-usual winter in northern India and an economic recovery led to a jump in electricity demand, forcing India to crank up output from coal plants and solar farms as it scrambled to avoid power cuts. Power generation rose 11.5% to 1,591.11 billion kilowatt-hours (kWh), or units, in the fiscal year ended March 2023, an analysis of daily load data from regulator Grid-India showed, the sharpest increase since year ended March 1990. Output from plants running on fossil fuels rose 11.2%, the quickest growth in over three decades, thanks to a 12.4% surge in electricity production from coal, the analysis showed, offsetting a 28.7% decline in generation from cleaner gas-fired plants as a global spike in LNG prices deterred usage."

China agrees with Janet Yellen.

Why does the President of the largest LNG-exporting country in the world hate Japan so much?

Bloomberg (4/5/23) reports: "In an interview with Bloomberg on the 5th, Economy, Trade and Industry Minister Yasutoshi Nishimura emphasized the need for upstream investment in the development and production of liquefied natural gas (LNG) at the G7 climate, energy and environment ministers' meeting held in Sapporo this month. gave some ideas. The G7 countries 'share the importance of LNG as a transition energy source,' but they 'do not necessarily agree' on the length of the transition period. Although there are 'significant differences' in how countries look at the transition period, he said that given the current situation, 'at least 10 to 15 years will be necessary.' For that reason, he expressed his willingness to 'provide more support' for upstream investment in LNG, and said that he would like to provide a direction if an agreement is reached at the G7 ministerial meeting. Regarding the G7 ministerial meeting to be held from 15th to 16th, it is known that each country is opposed to the draft joint statement proposed by Japan, the chair country. Member states, including the United States and Britain, have criticized an early draft of the joint statement for failing to focus on efforts to accelerate climate action, according to people familiar with the matter."

Energy Markets

WTI Crude Oil: ↓ $80.49
Natural Gas: ↑ $2.16
Gasoline: ↑ $3.52

Diesel: ↑ $4.21
Heating Oil: ↑ $269.71
Brent Crude Oil: ↓ $84.38
US Rig Count: ↓ 807

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