Exploring Biden's green dream

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DAILY ENERGY NEWS | 05/03/2023

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"Green" energy absurdities and more discussed on the latest episode of David Blackmon's The Energy Question Podcast.

"If the pandemic has taught us anything, it should be that reliance on extended supply chains, especially those under the control of hostile actors, is a vulnerability we cannot and must not tolerate. We have the best workforce, the best technology, and the best record of environmental sustainability to mine the critical minerals necessary to secure our future from the ground up, right here in Minnesota."

– Julie Lucas,
MiningMinnesota

“You know, I have one simple request, and that is to have wind turbines with frickin’ laser beams attached to their blades!” ― Dr. Jill Biden's Husband

Fox News (5/3/23) reports: "Does the radical climate change agenda know no end? Earlier this year, it was gas stoves -- and then lightbulbs. Then, a few weeks ago, President Joe Biden's administration announced much less gas cars after 2032. Even though about half of Americans say they don't want an electric car and only 6% of drivers are buying them. But that was child's play compared to the latest Biden scheme to shut down as many as half our electric power plants across the country. These are the plants that charge those Tesla batteries and cellphones. They also keep the lights on in our factories, schools, hospitals, stores, and homes and power the internet. Further, they cook our food and keep us warm at night. No, that power doesn't just come magically from the socket in the wall. Most of the electric power supply in America and around the world comes from fossil fuels. Coal, gas and oil power plants account for more than 60% of the electric power we use in the United States today. Only about 20% comes from wind and solar power...If you want to cripple an industrial economy like that of the U.S., a good way to do so is to dismantle its energy supply. Who is the president residing in the White House these days? Joe Biden or Dr. Evil? No country has cleaned its air more than the U.S. has over the last many decades. The Institute for Energy Research reports that our air pollution emissions -- including lead, sulfur, carbon monoxide and particulates -- have fallen by a combined 74% over the past 50 years. We have the cleanest air in any of our lifetimes."

A copy of our latest report is headed to her office. Get your's here so you aren't caught flat-footed at your next Congressional hearing.

More reasons to mine, baby, mine for copper in the United States.

Bloomberg (5/2/23) reports: "Accompanied by tinny taped music and overall-clad workers, Rio Tinto Group executives and Mongolian officials gathered a kilometer beneath the freezing Gobi Desert earlier this year to open one of the world’s richest underground copper mines. It was a celebration four decades in the making. Oyu Tolgoi, in southern Mongolia just north of the Chinese border, is key to Rio’s efforts to move beyond its dependence on iron ore and expand in copper, the metal that underpins the clean energy transition. It’s also a vast deposit whose corporate, political and technical vicissitudes offer a glimpse of the red metal’s troubled future. As demand for copper surges, supply is increasingly likely to come from mines like this one on the arid steppe: expensive, technically complex, outside traditional copper jurisdictions and operating under the eye of governments jealously guarding their natural resources. 'There’s a huge crisis,' says Doug Kirwin, one of the earliest geologists to work at the deposit that became Oyu Tolgoi, or Turquoise Hill, named after the area’s rocks, stained by oxidized copper."

Energy Markets

WTI Crude Oil: ↓ $69.27
Natural Gas: ↓ $2.15
Gasoline: ↓ $3.58

Diesel: ↓ $4.10
Heating Oil: ↓ $223.73
Brent Crude Oil: ↓ $73.00
US Rig Count: ↓ 781

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