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DAILY ENERGY NEWS  | 04/25/2023
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Welcome to My Classic Car with your host Sleepy Joe.

"This how people used to get from point A to, uh, point uh, the other point, that is before, you know, the thing..."


Daily Signal (4/19/23) column: “President Joe Biden’s Environmental Protection Agency has announced an aggressive new auto tailpipe emissions rule that would ban most new cars and trucks that don’t run on batteries. In exchange for reductions in CO2 and other tailpipe emissions, the EPA plans to take away Americans’ freedom to choose our cars. It also touts the benefits of supposedly lower consumer costs stemming from the regulation, which means the federal government—the same entity that saddled us with over $31 trillion in national debt—thinks it knows better than us how to be responsible with money. The Biden administration is openly pushing that, by 2032, the share of new gasoline vehicles sold versus electric vehicles should be just one in three. This type of central planning has no place in a free country, and the federal government has no right to intervene in such an aggressive way in our transportation choices. The White House press release referred to Biden as a 'self-proclaimed car guy,' as if that should make us feel any better about the fact that the president is trying to dictate what types of cars we can drive. Is there anything less American than taking away gasoline-powered cars?"

"In order to secure our national and energy security, the United States must end our reliance on Communist China for our mineral needs. We have the resources, the workforce, and the technology to become mineral independent and dominant, we just need the political will to modernize the permitting process to unlock our resources, including those in my northern Minnesota district." 

 

– Rep. Pete Stauber (R-MN)

Huh. Who knew that it takes time to build complicated offshore projects...


Bloomberg (4/25/23) reports: "European efforts to rapidly scale-up offshore wind farms to help cut dependence on Russian natural gas and reduce planet-warming emissions are falling short as developers struggle to deliver projects. Significant changes in how governments offer new developments as well as incentives for hydrogen production are crucial to get Europe on track to reach its renewable power goals, which are key to the EU’s climate and energy security plans, according to Rasmus Errboe, head of Europe for Orsted A/S, the largest offshore wind farm developer in the region. The prognosis comes after European leaders gathered in Belgium Monday to promote the promise of the North Sea in Europe’s low-carbon future. Nearly a year ago, Germany, Belgium, the Netherlands and Denmark issued a declaration to speed offshore wind construction to reach 65 gigawatts of capacity by 2030, about five times the amount deployed today. The UK plans an additional 50 gigawatts of wind farms off its coast.  'One of my worries is that we don’t move forward fast enough,' Errboe said in an interview. 'We will miss our 2030 targets.'"

The president is working to all but ban the internal combustion engine, and the climate zealots proclaim it's not enough.

Apparently, Coastal Command hasn't got the memo yet. DOD is supposed to be "defending" us from climate change no matter the cost!


Bloomberg (4/17/23) reports: "The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. Maps shared with industry stakeholders and seen by Bloomberg News show vast red areas that the Navy and Air Force have deemed “highly problematic,” covering prime real estate the Interior Department last year earmarked for leasing off the coasts of North Carolina, Virginia, Maryland and Delaware. The Defense Department’s concerns, which come on top of other conflicts identified by the US Coast Guard, have spooked renewable power developers and US East Coast states counting on mid-Atlantic wind farms to meet clean energy and climate goals...And now, offshore wind advocates are throwing the military’s own warnings back at the Pentagon. A shift to renewable power sources helps shrink US reliance on volatile commodities for energy, thereby strengthening national security, they say. The Defense Department and US intelligence agencies also have repeatedly cast climate change as a threat to American military assets and global security. 'Offshore wind can enhance national security,' Sandberg said, 'by providing a clean and affordable source of energy protected from the whims of global commodity prices.'"

Energy Markets

 
WTI Crude Oil: ↓ $77.02
Natural Gas: ↓ $80.79
Gasoline: ↓ $3.65
Diesel: ↓ $4.16
Heating Oil: ↓ $246.23
Brent Crude Oil: ↓ $80.79
US Rig Count: ↓ 801

 
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