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DAILY ENERGY NEWS | 06/16/2023
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** Anything that makes life better for the average human is a target for the "green" left.
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CNN ([link removed]) (6/9/23) reports: "When the temperature soared to 99 degrees Fahrenheit last month, Singapore resident Chee Kuan Chew saw just one option: cancel all plans and stay indoors in air-conditioned comfort. 'You can’t survive without air con in Singapore,' Chee said. 'It’s impossible with the heat.' The 20-year-old university student lives with his family in a four-bedroom flat in Ang Mo Kio, a bustling district that made headlines in the Southeast Asian city state when its temperatures hit a 40-year high in a recent heat wave. Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room...Indeed, in this city, air conditioning has become almost a way of life. An office or mall without it is near unthinkable; 99% of private condominiums are air conditioned, as are the majority of public housing apartments. Lee Kuan Yew, the country’s
founding prime minister, once called air conditioning “the greatest invention of the 20th century” and credited it for helping to transform the island from a backwater British colony into one of the world’s pre-eminent financial centers (one that today also enjoys some of the world’s highest per capita wages). But Singapore’s love affair with air conditioning has an enormous cost. It has trapped a nation already hot – and getting hotter – in what experts describe as a 'dangerous, vicious cycle.' It’s a climate change Catch 22 paradox that faces all nations which rely on air conditioning to make life just that little bit more tolerable.'"
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** “EVs are better than conventional vehicles and will be a huge help in reducing emissions, [but] it’s still a bad idea to rely on them alone...Reducing vehicle travel and investing in other options are critical pieces that should not and cannot be overlooked.”
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– Daniel Posen, Nature ([link removed])

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Are there any bad ideas California hasn't tried?

** Reason ([link removed])
(6/13/23) reports: "Electric power customers typically pay more if they use more. Under a new law, customers of California's three largest private utilities will be charged a fixed fee based on their incomes, not just how much power they use. The chief motivation behind this scheme is to provide some relief to low-income customers who are being hammered by escalating electricity rates as the Golden State transitions from fossil fuels to wind and solar power. The average cost of electricity to residential customers in California is now $0.27 per kilowatt-hour (kWh). The U.S. average is around $0.16 per kWh. The state's three big private utilities are proposing to the California Public Utilities Commission to add Income Graduated Fixed Charges (IGFCs) to all of their residential rate schedules. The idea is to pay for the various fixed costs, including those associated with connecting customers to their grids, billing, and meter reading. In addition, they want the fixed fee to cover 'the
costs of wildfire mitigation and vegetation management, reliability improvements, safety and risk management distribution costs, ongoing distribution operations and maintenance, many regulatory balancing accounts, and various programs and policy mandates through its distribution rates.'"

However much disdain you hold for climate "journalists" it isn't enough.

** ([link removed])

Toyota builds things to last.

** Wall Street Journal ([link removed])
(6/15/23) editorial: "Toyota Motor Corp. Chairman Akio Toyoda became a political target last year when he said a “silent majority” in the auto industry questioned whether electric vehicles should be the only consumer option. A silent majority of investors on Wednesday demonstrated tacit agreement by rejecting the climate lobby’s attempt to oust him. Mr. Toyoda won re-election with the support of 85% of shareholders. Progressive investors, the California Public Employees’ Retirement System (Calpers) and New York City’s public-worker pension funds backed by proxy advisory firm Glass Lewis campaigned to remove him, allegedly because Toyota’s board was insufficiently independent. Other investors saw through the climate lobby’s smoke-screen. Toyota’s corporate governance model isn’t new. The proxy campaign was about punishing Mr. Toyoda for candidly explaining the challenges to full electrification and promoting hybrid alternatives to battery-powered vehicles that its competitors are obsessively
flogging. Toyota’s other alleged offense was lobbying governments to make electric-vehicle mandates less aggressive and punitive. How dare Toyota pursue product differentiation and its business interests. Doesn’t Toyota understand that corporations must align their business strategy with the Paris climate agreement?"

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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: ↑ $71.70
Natural Gas: ↑ $2.62
Gasoline: ↓ $3.58

Diesel: ↓ $3.89
Heating Oil: ↑ $254.84
Brent Crude Oil: ↑ $76.56
** US Rig Count ([link removed])
: ↓ 721



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