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DAILY ENERGY NEWS | 05/30/2023
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** Voters are right: recycling is more important for the environment than mandating EVs.
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Grist ([link removed]) (5/23/23) reports: "Recycling was once all the rage. Reduce, reuse, recycle! We recited it like a mantra. To toss our cans and bottles into the blue bin was to take on personal environmental responsibility; it meant we care. However, of late, local governments once responsible for maintaining curbside recycling services have slowly pulled back, saying that the math simply doesn’t add up. A study from the University of Florida suggests, however, that the practice is still worth our while, and, in fact, can help small municipalities reach their climate goals. Communities have increasingly reduced their acceptance of glass and aluminum, and some have eliminated curbside pickup altogether amid spiraling costs. Conscientious individuals still committed to the vision find themselves toting their bottles and boxes to recycling centers on their own time....While recycling creates fewer greenhouse
gasses, it’s heavier on other pollutants. Another study, published earlier this month in the Journal of Hazardous Materials Advances, found that plastics recycling in particular is a source of microplastics, which are alarmingly present throughout our water and air, even in the deepest levels of the ocean, and are hazardous to public health. Recycled plastic has also been found to contain highly toxic chemicals. Previous research suggests these issues are best remedied earlier in production, by reducing manufacture of certain types of plastic products."
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** "Subsidies tend to beget more subsidies. Wouldn’t it make more sense for the government to let Americans buy the cars and appliances they want?."
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– Wallstreet Journal Editorial Board ([link removed])

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Since they obviously haven't been keeping up with our blog, can someone please share this article with the White House?

** Mining Technology ([link removed])
(5/27/23) reports: "Ever since the International Energy Agency (IEA) released its seminal Critical Minerals in Clean Energy Transitions report in 2021, securing energy transition minerals supplies has been a major focus of governments, think tanks and academics. Analysts such as Kingsmill Bond, a senior principal at think tank RMI and senior advisor at Carbon Tracker, have made the point that the mineral requirements to run fossil technologies will always be far larger on a lifetime basis. However, securing the energy transition minerals for a massive scale-up of low-carbon technology undeniably represents a profound challenge. A standard electric vehicle (EV), for example, requires six-times the quantity of minerals to be built as a conventional car, says the IEA, while an onshore wind plant needs nine times more mineral resources than a natural gas-fired plant. Economic turmoil stemming from the Covid-19 pandemic and global supply chain crisis has created critical minerals supply
challenges in the short term, which in turn has had a real-world impact on the rollout of clean technologies."

There are states in our country that regularly experience intermittent blackouts, and the DOE is using resources to "fix" the grid in Ukraine.

** ([link removed])

Wait what? I was told there were no costs to going green—it was a free lunch because wind and solar are so cheap. Was I lied to?

** Bloomberg ([link removed])
** ([link removed])
(5/29/23) reports: "Leaders and companies in Europe’s biggest markets are increasingly balking at the ambitious pace of the continent’s green push as they confront the massive costs associated with economic transformation. The European Union’s drive to make the continent climate-neutral has coincided with emergency rules to mitigate the effects of an energy crisis and increasing competition from the US and China. This has put great pressure on governments and companies, sparking calls from French President Emmanuel Macron and other leaders for a slower pace. Countries including France and Germany have started to chip away at parts of the EU’s so-called Green Deal that have the potential to negatively impact their voters. EU officials worry that Berlin and Paris have opened the door to those seeking to soften the climate package, potentially hobbling the overall proposal and putting the time line – no net emissions of greenhouse gases by 2050 – in jeopardy. Christian Egenhofer, a senior
researcher at the CEPS think tank, said the EU’s plan is extremely ambitious and people are just now starting to realize the scope of the challenge."

Energy Markets


WTI Crude Oil: ↑ $73.03
Natural Gas: ↓ $2.36
Gasoline: ↑ $3.58

Diesel: ↓ $3.95
Heating Oil: ↑ $238.63
Brent Crude Oil: ↑ $77.23
** US Rig Count ([link removed])
: ↓ 758



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