Honor, Courage, C̶o̶m̶m̶i̶t̶m̶e̶n̶t̶ Climate Change

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DAILY ENERGY NEWS | 04/20/2023

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We don't need no stinkin' statutory authority!

E&E News (4/20/23) reports: "Alaska Sen. Dan Sullivan took aim Wednesday at the Defense Department's focus on climate change, calling the effort an 'obsession' and an 'unbelievable focus in the wrong area.' The ranking Republican on the Senate Armed Services Subcommittee on Readiness and Management Support peppered Pentagon officials with questions about climate and energy — including asking Air Force and Army brass to commit to using fossil fuels on Alaska bases that face extreme cold. In particular, Sullivan chided Meredith Berger, the Navy’s assistant secretary for energy, installations and environment, for the department’s slow delivery of reports on shipbuilding and amphibious warships, even as it released its climate action plan last May. 'Is that a good prioritization of what the Navy stands for in our national defense?' he asked Berger. Berger said she had no oversight of the shipbuilding report. 'But where I do focus is the mission and the readiness of our soldiers and Marines,' she said, 'and so I do think that climate change needs to be a threat that we’re ready for.' In another exchange, Sullivan asked Berger to cite the statutory authority for the Navy to meet net-zero carbon emissions by 2050. Berger responded, 'We have a goal. I don’t think there needs to be a statutory basis.' Virginia Sen. Tim Kaine (D), said he shared Sullivan’s frustration with the Navy’s slow delivery of reports, but he stressed the importance of the department’s climate efforts."

"America's affluent protesters can afford the higher prices. But poor people will suffer. Allowing billions of the world's poor to live a modern life requires energy from gas, oil, and even coal."

– John Stossel, Reason

It's over German bros.

Reuters (4/19/23) reports: "The German cabinet on Wednesday approved a bill that bans most new oil and gas heating systems from 2024, the economy minister said, a policy designed to cut greenhouse gas emissions but that critics warned could be costly for poorer households. Berlin's ruling coalition last month agreed that almost all newly installed heating systems in Germany should run on 65% renewable energy from 2024, both in new and old buildings. The plan is part of Germany's ambition to become climate neutral by 2045 as the construction sector was responsible for 112 million tonnes of greenhouse emissions last year or 15% of the country's emissions. Houses could also use heat pumps that run on renewable electricity, district heating, electric heating or solar thermal systems as acceptable alternatives to fossil fuel heating, according to the bill, which was seen by Reuters. The policy has met resistance from within Chancellor Olaf Scholz's coalition, with critics calling it too costly and a burden on low- and medium-income households and tenants."

Reality-free energy "solutions."

Daily Signal (4/20/23) reports: "Similarly, the Biden EPA previously approved a set of California regulations that experts say would effectively result in a nationwide ban on new diesel-powered truck sales by 2035, since automakers would be unlikely to sell different models in both California and nationwide markets. The California regulations would essentially act as a 'backdoor … for California that sets standards for the U.S.,' Dan Kish, senior fellow at the Institute for Energy Research, told the DCNF at the time. The Chinese government 'realized… that they would never overtake the U.S., Germany and Japanese legacy automakers on internal combustion engine innovation,' Tu Le, managing director of transportation consulting firm Sino Auto Insights, told MIT Technology Review in February. Thanks to a combination of significant subsidies — which were also available to foreign automakers like Elon Musk’s Tesla — and access to the critical mineral resources necessary to construct batteries, China was able to encourage the rapid development of its EV market, MIT Technology Review reported."

Bejing Biden strikes again.

Daily Caller (4/19/23) reports: "Chinese electric vehicle (EV) makers continue to grow faster than their European and U.S. competitors in 2023, even as the Biden administration pushes rules that could eventually end the sale of gas-powered vehicles, according to Semafor. Chinese electric vehicle titan BYD has introduced its vehicles in Germany this year, while Chinese automakers outperformed foreign competitors in their domestic market, Semafor reported. While China continues to dominate both the supply chain for and sales of EVs, President Joe Biden’s Environmental Protection Agency (EPA) introduced its strictest ever proposed set of vehicle emissions rules on April 12, which the agency forecasts would lead to over two-thirds of all vehicles sold after 2032 being all-electric...Similarly, the Biden EPA previously approved a set of California regulations that experts say would effectively result in a nationwide ban on new diesel-powered truck sales by 2035, since automakers would be unlikely to sell different models in both California and nationwide markets. The California regulations would essentially act as a 'backdoor … for California that sets standards for the U.S.,' Dan Kish, senior fellow at the Institute for Energy Research, told the DCNF at the time."

Energy Markets

WTI Crude Oil: ↓ $77.34
Natural Gas: ↓ $2.22
Gasoline: ↑ $3.68

Diesel: ↓ $4.19
Heating Oil: ↓ $250.43
Brent Crude Oil: ↓ $81.38
US Rig Count: ↓ 791

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