Saying the quiet part out loud

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DAILY ENERGY NEWS | 06/09/2023

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Tommy Boy's cousin (and Ford CEO) fesses up. If you need a truck to make a living or don't have two other cars already, EVs probably aren't for you. Watch this clip.

Fox Business (6/2/23) reports: "Ford and Lincoln's May sales were up 10.7% compared to last year as supply of many key models continues to improve. The automaker delivered 170,933 vehicles, including 164,430 Fords, making it the best-selling brand, while Lincoln deliveries dropped by 14.4% to just 6,503 vehicles. A total of 70,566 F-Series trucks were delivered during the month, which was an increase of 42.7% and the most since December 2022. Other strong-selling models included the Maverick compact pickup (+14.4%), Escape compact SUV (+31.1%), Transit van (+35.1) and Expedition full-size SUV (+52.7%). Deliveries of the electric Mustang Mach-E and F-150 Lighting were down by a combined 13.0% due to some production downtime caused by updates at their factories that will significantly increase output later this year."

"Governor Dunleavy was overwhelmingly re-elected last year and pledged to stop tax hikes without a statewide referendum. He has even gained national praise for unapologetically championing American energy independence at a time Biden’s energy policies have played into the hands of Russia and China. For Alaska Republican legislators possibly wavering on the fence, now would be a good time to follow Governor Dunleavy’s example."

– Gerard Scimeca,
Consumer Action for a Strong Economy

Not much of a threat. Unless, of course, America's current leadership was actively making it harder to produce oil and gas here at home.

Washington Post (6/8/23) reports: "Last fall, President Biden vowed to impose “consequences” on Saudi Arabia for its decision to slash oil production amid high energy prices and fast-approaching elections in the United States. In public, the Saudi government defended its actions politely via diplomatic statements. But in private, Crown Prince Mohammed bin Salman threatened to fundamentally alter the decades-old U.S.-Saudi relationship and impose significant economic costs on the United States if it retaliated against the oil cuts, according to a classified document obtained by The Washington Post. The crown prince claimed 'he will not deal with the U.S. administration anymore,' the document says, promising 'major economic consequences for Washington. 'Eight months later, Biden has yet to impose consequences on the Arab country and Mohammed has continued to engage with top U.S. officials, as he did with Secretary of State Antony Blinken in the seaside Saudi city of Jiddah this week.'"

It's not just oil. Everything America needs can be produced at home, but is being stopped up by Team Biden.

Wall Street Journal (6/8/23) editorial: "Americans hoping that President Biden’s agreement to sign permitting reforms as part of the debt-ceiling compromise signaled a policy change are going to be disappointed. His Administration’s hostility to natural-resource development continues apace. On Tuesday the U.S. Army Corps of Engineers revoked a Clean Water Act permit granted by the Trump Administration for the NewRange copper and nickel mine in Minnesota’s Duluth Complex. The area isn’t virgin land. The Duluth site is part of the fabled Iron Range, which provided 70% of the iron ore that America used during World War II. 'Minnesota’s Iron Range has played a vital role in helping build America,' candidate Biden proclaimed in September 2020. 'U.S. manufacturing and mining was the Arsenal of Democracy in World War II. It must be part of the Arsenal of American Prosperity today, helping power an economic recovery for working families.' Apparently not. His Administration picked the anniversary of D-Day to deep-six the NewRange mine, which would provide minerals to power electric vehicles and his green-energy transition. The U.S. will have to import the minerals from arsenals of autocracy like Russia and China."

The government wants a higher social cost of carbon. Poof, the estimates increased over time. Science!!!

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 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 Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, 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
Jon Sanders, John Locke Foundation

Energy Markets

WTI Crude Oil: ↓ $71.17
Natural Gas: ↓ $2.29
Gasoline: ↑ $3.58

Diesel: ↑ $3.91
Heating Oil: ↓ $238.23
Brent Crude Oil: ↓ $75.95
US Rig Count: ↓ 735

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