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DAILY ENERGY NEWS | 05/11/2023
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** Affordable, reliable energy should be a policy priority for lawmakers around the world.
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The Economist ([link removed]) (5/10/23) reports: "After Russia invaded Ukraine in February 2022, Vladimir Putin weaponized his country’s energy supplies: cutting gas exports to Europe and causing prices to surge. Although wholesale costs have now fallen across the continent, the prices of domestic electricity and gas, compared with two years earlier, were up by an eye-watering 69% and 145% last winter. High energy prices can cost lives. They discourage people from heating their homes properly, and living in cold conditions raises the risk of cardiac and respiratory problems. In November The Economist predicted that expensive power might result in between 22,000 and 138,000 deaths during a mild winter. Unfortunately, we appear to have been correct. To assess how deaths last winter compare to previous ones we have used a common measure of
mortality: excess deaths. Comparing actual deaths with the number we might expect given mortality in the same weeks of 2015-19, we found that deaths across Europe were higher than expected. Across 28 European countries we investigated, there were 149,000 excess deaths between November 2022 and February 2023, equivalent to a 7.8% increase. Several factors might explain this rise. Among those that died last winter, nearly 60,000 were recorded as covid-19 deaths...We estimate that a price rise of around €0.10 per kwh—about 30% of last winter’s average electricity price—was related to an increase in a country’s weekly mortality of around 2.2%. If electricity last winter had cost the same as it did in 2020, our model would have expected 68,000 fewer deaths across Europe, a decline of 3.6%."
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** "EV enthusiasts respond that the technology will get better. Of course, better, lighter batteries are not just possible but inevitable—eventually. So, too, is better mining technology that will lead to lower costs and a lighter footprint. But progress is slow in big industrial domains. Rushing to subsidize and mandate yesterday’s technologies won’t make that future happen sooner; indeed, doing so usually stifles innovation. Perhaps someday the U.S. will re-shore a minerals industry that would be both cleaner and more transparent. Don’t hold your breath."
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– Mark P. Mills, City Journal ([link removed])

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Greens reject "green energy" fuel. Somebody give them an organic cotton hankie.

** E&E News ([link removed])
(5/10/23) reports: "Bipartisan lawmakers from mining-heavy Western states are pushing legislation to tackle growing legal challenges facing U.S. mining, triggering pushback from tribal, climate and conservation groups. The industry maintains a legislative fix is critical to ensuring projects aren’t stymied in court, especially those needed to produce minerals needed for electric vehicle batteries and renewable technologies. But green groups argue the congressional push could actually endanger public land and hamstring renewable energy development. More than 70 environmental, climate and tribal groups including the Sierra Club, Earthworks and the Natural Resources Defense Council on Tuesday in a letter to lawmakers warned that bills introduced in both chambers last month threaten to undermine “the federal government’s long standing authority to safeguard public lands, threatening the protection of irreplaceable cultural, environmental, water, and economic resources.”The letter targets
legislation that Reps. Mark Amodei of Nevada (R) and Mary Peltola of Alaska (D) introduced in late April. H.R. 2925, the 'Mining Regulatory Clarity Act of 2023,' would allow companies or individuals holding claims on public land to mine, process and dump waste without first proving valuable minerals are deep underground."

Journalists, and even some people, really think solar power just magically appears from the sun.

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Is anyone surprised Biden sees America's strength as a weakness?

** Daily Caller ([link removed])
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(5/10/23) reports: "The White House on Wednesday outlined a set of permitting reform objectives designed to support the Biden administration’s goal of a 'clean energy future,' which made no reference to incentivizing the production of American oil or gas. The president’s outline calls for 'responsible' mining of critical minerals, a faster permitting process for renewable energy projects on federal lands and additional grid capacity, all in service of deploying 'new clean energy generation.' While the White House noted the administration’s support for Democratic West Virginia Sen. Joe Manchin’s recently reintroduced permitting reform bill — the Building American Energy Security Act of 2023 — the White House made no show of support for the components of the bill that streamlined permitting for natural gas pipelines and other fossil fuel projects. 'The President doesn’t love everything in the bill, but we support it,' said White House Senior Clean Energy Advisor John Podesta in
prepared remarks introducing the outline Wednesday."

Energy Markets


WTI Crude Oil: ↓ $71.08
Natural Gas: ↓ $2.20
Gasoline: ↓ $2.53

Diesel: ↓ $4.04
Heating Oil: ↓ $235.25
Brent Crude Oil: ↓ $75.00
** US Rig Count ([link removed])
: ↓ 774



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