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DAILY ENERGY NEWS | 06/05/2023
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** A new precedent in debt negotiations and not-so-new survey findings. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "Americans would be served better by an energy policy that harnesses the best attributes of every resource for the benefit of the American people."
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– Diana Furchtgott-Roth, Heritage Foundation ([link removed])

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The more things change, the more people feel the same about their tax dollars lining "green" pockets.

** Hot Air ([link removed])
(6/3/23) reports: "So how is Joe Biden’s war on conventional energy and “things that work” shaping up so far? If you ask the people in the administration and the various climate alarmists around the country, things are going swimmingly. Bans on gas-powered vehicles are being enacted in multiple states and issuance of drilling permits for oil and gas remain locked up in bureaucratic red tape. Wind farms and solar arrays funded by massive and unsustainable subsidies that burden taxpayers continue to be erected. But how is this all sitting with the public in general? According to the most recent polling presented by the American Energy Alliance, not very well at all. 'The American Energy Alliance and the Committee to Unleash Prosperity recently completed a nationwide survey of 1000 likely voters (3.1% margin of error) executed in the first two weeks of May. A full slide deck of the results ** can be found here.'
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The topline analysis of the survey results clearly indicates that the climate issue is yet another topic where the Biden administration and progressive activists in general are completely out of touch with the American public. They concluded that a significant majority of voters 'don’t seem to care much' about climate change and their willingness to dig into their own pockets to foot the bill for all of this has largely 'evaporated.' The results also support the idea that the public doesn’t trust the federal government very much and they don’t think Washington should be deciding “what kinds of cars should be subsidized or mandated.'"

Shocking developments in Michigan.

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Mr. Bean says he was duped by the marketing around EVs.

** The Guardian ([link removed])
(6/3/23) reports: "Electric motoring is, in theory, a subject about which I should know something. My first university degree was in electrical and electronic engineering, with a subsequent master’s in control systems. Combine this, perhaps surprising, academic pathway with a lifelong passion for the motorcar, and you can see why I was drawn into an early adoption of electric vehicles. I bought my first electric hybrid 18 years ago and my first pure electric car nine years ago and (notwithstanding our poor electric charging infrastructure) have enjoyed my time with both very much. Electric vehicles may be a bit soulless, but they’re wonderful mechanisms: fast, quiet and, until recently, very cheap to run. But increasingly, I feel a little duped. When you start to drill into the facts, electric motoring doesn’t seem to be quite the environmental panacea it is claimed to be. As you may know, the government has proposed a ban on the sale of new petrol and diesel cars from 2030. The problem
with the initiative is that it seems to be based on conclusions drawn from only one part of a car’s operating life: what comes out of the exhaust pipe."

Energy Markets


WTI Crude Oil: ↑ $72.63
Natural Gas: ↑ $2.27
Gasoline: ↓ $3.55

Diesel: ↓ $3.91
Heating Oil: ↑ $237.75
Brent Crude Oil: ↑ $77.15
** US Rig Count ([link removed])
: ↓ 749



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