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DAILY ENERGY NEWS | 04/17/2023

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Ask not for who the egg rolls, it rolls for thee. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Mr. Manchin now expresses indignation about the administration’s 'betrayal,' but he was a victim of his own self-deception. He was so eager last summer to cut a deal that he could tout as 'deficit reduction' and 'good for West Virginians' that he overlooked the fine print and how the administration would further stretch the text, as is its habit."

– Allysia Finley, Wall Street Journal

The future Biden wants for us. Stay home, serfs.

Business Insider (4/15/23) reports: "Electric cars are quick, quiet, and kind to the planet, but limited range and lengthy charging times mean road trips aren't exactly their strong suit. That's what I learned when I took Toyota's new bZ4X SUV from New York to Washington DC one weekend in early April. The 500-mile journey wasn't some epic coast-to-coast adventure, but rather the kind of long-haul drive someone might casually take a few times per year and not think twice about — if they're behind the wheel of a regular gas car. In a battery-powered vehicle, though, things aren't always that simple...On the way down to DC, I pulled into an Electrify America station with a 37% charge, looking to add just enough energy to make it the rest of the way. The Toyota refused to pull more than 35 kW, so just getting to 74% took a full 45 minutes of waiting around — not exactly something you want to do at night when you still have hours of driving ahead of you. That stint added 95 miles of range, according to the SUV's estimates. But highway speeds sap energy quickly, so in real-world terms, it was probably more like 75."

Climate alarmists want 3.5 billion people to starve. Why? Because their rice bowls are full.

China needs 151% more coal from Australia for its green hydrogen program.

Reuters (4/17/23) column: "Australia may become the swing supplier of coal to China after the world's biggest importer of the fuel ended its unofficial ban on imports from the world's second-biggest shipper. China's coal imports leapt to a three-year high in March, with official data showing arrivals of 41.17 million tonnes, up 151% from the same month in 2022. First-quarter imports were 101.8 million tonnes, almost double the same period last year, as demand for the fuel used to generate power and make steel increased as China reopened its economy after ending its strict zero-COVID policy in December. While the preliminary customs figures released on April 13 do not give a breakdown by origin country or by grade of coal, data compiled by commodity analysts Kpler showed a surge in imports from Australia. China's coal imports from Australia were 2.73 million tonnes, with 2.13 million assessed as the thermal grade used in power plants, with 417,576 tonnes being coking coal used to make steel. A further 184,179 tonnes of imports were not classified by Kpler as either thermal or coking."

Energy Markets

WTI Crude Oil: ↓ $82.01
Natural Gas: ↑ $2.31
Gasoline: ↑ $3.67

Diesel: ↓ $4.19
Heating Oil: ↓ $262.12
Brent Crude Oil: ↓ $85.82
US Rig Count: ↓ 814

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