The usual suspects

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DAILY ENERGY NEWS | 05/17/2023

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The most ambitious crossover event of the year Big Green Inc, Sleepy Joe, and Communist China are teaming up to spend your tax dollars on making electricity more expensive.

Real Clear Policy (5/16/23) reports: "If you want to know why trust in government is at an all-time low, a recent viral exchange exposing the blatant ethical conflicts of a top Biden official perfectly captures why so many Americans are fed up with Washington D.C. Last week, at a hearing of the Senate Energy and Natural Resources Committee, Senator Josh Hawley (R-MO) asked Democratic Federal Energy Regulatory Commissioner (FERC) Allison Clements about reports that she addressed a progressive 'funders event' for her former client and employer: an extreme left-wing environmental group called the Energy Foundation. Clements served as both a Program Director for the Energy Foundation’s 'Clean Energy Markets' program, and later was a paid consultant for the organization...Clements also insisted that her actions were cleared by internal ethics advisors. Oddly, FERC still claims after eight months that it has yet to find any records of such consultation, despite that the same group that exposed these emails, the Institute for Energy Research, filed suit last year to force their release. Senator Hawley responded that he was 'extremely disturbed' by the pattern of unethical behavior Clements's answer revealed. He should be. However, what makes the lack of transparency even more disturbing are the reported foreign ties of the Energy Foundation and the National Resources Defense Council, both of which have Chinese-based affiliates with direct ties to the Chinese government. It’s no secret that China directly benefits from the Biden administration’s green energy agenda because of their near monopoly on rare earth minerals used in electric vehicles and solar panels."

"Like the California program, the EPA program compels automakers to manufacture and sell increasing percentages of ZEVs, only at a slower pace. It does this by establishing fleet-average GHG emission standards that automakers can meet only by squeezing ICE vehicles out of their fleets. The EPA’s program is not a bare-naked EV mandate, but almost."

– Marlo Lewis, Jr. CEI

It doesn't matter what country you are in, no one hates nuclear energy more than nuclear regulators.

Bloomberg (5/15/23) reports: "Atomic power may be back in fashion, but won’t contribute to the energy transition immediately. To understand why, look at Japan. Nuclear has the support of the government and more of the public after an electricity crunch last year nearly caused blackouts in Tokyo, yet utilities are struggling to restart reactors shut in the wake of the 2011 Fukushima disaster. Japan’s strict regulatory process and a lack of staffing for routine checks have held back progress, with only one-third of the nation’s operable fleet online. Roughly half of the country’s 33 reactors have received an initial green light by authorities, but they still require more approvals. Another eight haven’t even applied. One utility recently delayed the restart of two reactors this summer because it won’t meet a deadline for fire safety work. The nation’s biggest nuclear facility is essentially banned from moving forward with resuming operations because of safety lapses."

This "parody" explains the very real line of thinking the regime talking heads expect you to embrace.

South Africa is cutting its emissions ahead of time via blackouts.

Yahoo (5/15/23) reports: "South Africa is ahead of its target for cutting emissions of greenhouse gases. Output of the climate-warming gases from the world’s 14th-biggest emitter is already falling even though its Nationally Determined Contribution, a target adopted by the cabinet in 2021, only forecast a decline from 2025. Regular breakdowns of the coal-fired power plants that supply more than 80% of South Africa’s electricity mean that less carbon dioxide is being pumped into the atmosphere and daily rotational cuts of more than 10 hours a day are further limiting emissions from factories. 'It’s unintentional,' Crispian Olver, the executive director of South Africa’s Presidential Climate Commission, said in an interview in Johannesburg on Monday. 'We reckon we are well within the range' of meeting the 2030 target, he said. South Africa aims to reduce its emissions to between 350 and 420 megatons of carbon dioxide equivalent by 2030, bettering a target set in 2015 of emitting between 398 and 614 megatons by that date. The 2021 goal was key to South Africa securing pledges of $8.5 billion in climate finance from some of the world’s richest nations. If the decommissioning dates of some coal-fired plants are pushed back it will make little difference to emissions as they produce little electricity in any event, he said."

Energy Markets

WTI Crude Oil: ↑ $71.61
Natural Gas: ↓ $2.34
Gasoline: ↑ $3.53

Diesel: ↑ $4.01
Heating Oil: ↑ $283.66
Brent Crude Oil: ↑ $75.66
US Rig Count: ↑ 750

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