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DAILY ENERGY NEWS | 05/26/2023

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The moon? We'd settle for a functional government here on Earth. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"The day is coming – and we hope soon – that the world public will realize that the Gorean Dream of prosperity through decarbonization is a fairy tale spun by deceivers who grow rich because we believe their deceptions. "

–Duggan Flanakin,
Committee For A Constructive Tomorrow

We will see many, many more stories like this before the Biden administration runs out of money.

Washington Free Beacon (5/24/23) reports: "Michigan's fourth-largest school district is having "significant" performance issues with its expensive electric buses, issues that come after the Biden administration spent $1 billion to "transform America's school bus fleet" with electric models. During an April 19 presentation to the Ann Arbor Public Schools Board of Education, the district's environmental sustainability director, Emile Lauzzana, highlighted a number of issues with the district's electric bus fleet. Those buses, Lauzzana said, have "a lot of downtime and performance issues" and aren't "fully on the road," despite the fact that they are "approximately five times more expensive than regular buses." The infrastructure upgrades required to use the buses, meanwhile, were "originally estimated to be only about $50,000" but "ended up being more like $200,000," according to Lauzzana. "I have a number of colleagues in different states who are facing similar challenges," the district official lamented. "For the school bus market, it's been challenging for us." Just months before Lauzzana's admission, President Joe Biden's Environmental Protection Agency announced it awarded nearly $1 billion in taxpayer funds to "transform America's school bus fleet" with "over 2,400 clean school buses that will accelerate the transition to zero emission vehicles." But problems with electric buses occurred long before the agency's announcement."

Water you going to do, now that SCOTUS says you have the freedom to put a pond in your own yard?

Wall Street Journal (5/25/23) editorial: "The Supreme Court issued another landmark decision pruning back an overgrown administrative state on Thursday in Sackett v. EPA. Don’t believe the cries that the 5-4 decision will despoil America’s precious wetlands. The majority simply stopped a regulatory land grab. Michael and Chantell Sackett’s ordeal reveals how rule by an unfettered administrative state can cause significant cost and hardship. For 16 years the couple has been battling the bureaucracy to build a home. The Environmental Protection Agency and U.S. Army Corps of Engineers claim their dry property is a wetland subject to federal regulation. The Clean Water Act (CWA) authorizes EPA to regulate only “navigable waters” in interstate commerce. Yet the EPA said the Sacketts’ property was connected to a wetland some 30 feet away, which was connected to a ditch that connected to a nonnavigable creek that connected to a lake. Follow that?...As Justice Alito writes, the minority doesn’t even attempt “to explain how the wetlands included in their interpretation fall within a fair reading of ‘waters.’ Textualist arguments that ignore the operative text cannot be taken seriously.” It’s disappointing that Justice Kavanaugh departed from his typically rigorous administrative law analysis. The current High Court’s project reining in a runaway administrative state is one of the most important in Court history. The Sacketts’ victory after their long ordeal is a triumph for the liberty of every American."

Feel-good story to end your week with.

Reuters (5/26/23) reports: "A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group's chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians. At least seven members of the Net-Zero Insurance Alliance (NZIA), which launched in 2021, have now left including five of the eight founding signatories. Departures on Thursday included AXA , whose Group Chief Risk Officer Renaud Guidée had chaired the alliance. The French insurer said in a statement it was leaving to 'continue its individual sustainability journey.' Germany's Allianz (ALVG.DE) and French reinsurer SCOR (SCOR.PA) also quit. NZIA, part of the Glasgow Financial Alliance for Net Zero set up by U.N. climate envoy Mark Carney, requires members to commit to reducing their greenhouse gas emissions. The group has been buffeted by growing political opposition from some Republicans in the United States, who say the group could be violating antitrust laws by working together to reduce clients' carbon emissions."

If you oppose a carbon tax, take a stand and contact us.

Tom Pyle, American Energy Alliance

Myron Ebell, Competitive Enterprise Institute

Phil Kerpen, American Commitment

Andrew Quinlan, Center for Freedom and Prosperity

Grover Norquist, Americans for Tax Reform

George Landrith, Frontiers of Freedom

Thomas A. Schatz, Citizens Against Government Waste

Richard Manning, Americans for Limited Government

Adam Brandon, FreedomWorks

Craig Richardson, E&E Legal

Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Thompson Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets

WTI Crude Oil: ↑ $72.77
Natural Gas: ↓ $2.22
Gasoline: ↑ $3.57

Diesel: ↓ $3.96
Heating Oil: ↑ $238.09
Brent Crude Oil: ↑ $77.08
US Rig Count: ↓ 728

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