He said what?

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DAILY ENERGY NEWS | 06/19/2023

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Biden's handlers are on a roll of fumbles lately. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Under Uncle Sam’s Grand Theft Auto plan, Americans would be sacrificing their cars, paying more for transportation, and giving up their personal mobility without benefits for the environment. It’s time to stop the theft."

– Diana Furchtgott-Roth,
Heritage Foundation

You know what else prefers to work behind closed doors in the dark?

Washington Examiner (6/17/23) reports: "House Democrats who voted against two GOP proposals to block President Joe Biden from banning gas stoves accepted campaign donations from the head of a China-linked group pushing to electrify the U.S. economy, records show. Reps. Earl Blumenauer (D-OR), Ro Khanna (D-CA), Raja Krishnamoorthi (D-IL), and Adam Schiff (D-CA), among other Democrats, voted "nay" on Tuesday and Wednesday on the Gas Stove Protection and Freedom Act and Save Our Gas Stoves Act. The cohort, and other congressional Democrats prioritizing green programs, have been boosted to the tune of almost $23,000 by Hal Harvey, founder and president of Climate Imperative, a nonprofit group with ties to China that has doled out large grants to activists behind expansive electrification policies, according to campaign finance disclosures. 'What troubles me about this whole gas stoves issue is the level of coordination,' Thomas Pyle, president of the Institute for Energy Research, a pro-fossil fuels group, told the Washington Examiner. 'The public overwhelmingly rejects having to pay more for things they know make their lives easier and allows them freedom, access, and mobility...The public is becoming aware that their agenda is self-serving and not beneficial,' Pyle added. 'There are trade-offs. If you switch from a hydrocarbon-based energy system to a minerals-and-materials-based energy system, which is what they want, there are other environmental challenges to that.'"

Biden's gas stove ban is a conspiracy theory. Right?

Daily Caller (6/12/23) reports: "The Biden administration asked a federal court on Monday to reinstate a Berkeley, California, ordinance that banned gas hookups in new construction after it struck down the regulation in April. A three-judge panel of the Ninth Circuit unanimously sided in April with the California Restaurant Association (CRA), which sued after Berkeley adopted the ordinance in 2019, ruling that the ban is preempted by the federal Energy Policy and Conservation Act (EPCA). In a brief filed with the court on Monday, the administration argued the decision was 'erroneous' and asked for a rehearing. 'This Court should grant rehearing to correct a panel opinion that destabilizes the long-settled understanding shared by the Department, the States, municipalities, and the courts over the allocation of regulatory authority in this area; threatens to preempt broad swaths of State and local health and safety law; and throws a wrench into the federal government’s administration of the Act,' the brief said."

Solar panels are today's time-shares, aluminum siding and pet rocks.

CBS News (6/14/23) reports: "The solar industry in California has experienced several high-profile bankruptcies including one of its largest producers, Petersen Dean. Now, another local solar company has shuttered, leaving homeowners with unfinished systems on roofs that aren't producing any power, not saving money on utility bills, and often there's still the financing of the equipment and installation that the customer is responsible for. In Compton, Angela Dorsey's 83-year-old mother had panels installed on her home's roof, but they aren't producing any power. Dorsey said the installer, Harness Power, gave them a timeframe on the contract saying the solar will be up by July 2022, and in full operation by September. Nearly 10 months later, Harness Power is out of business, shutting its doors in the spring without warning and Dorsey's mother Theresa is supposed to soon start making payments on the $32 thousand system. 'I don't think it's fair for me to pay a company that didn't finish the job," said Theresa.'"

Germany starts to realize that they have made some very bad mistakes.

Bloomberg (6/14/23) reports: "Germany is set to water down sector-based emissions targets and ease pressure on its most polluting industries — such as transport — to comply with climate goals. Starting next year, the country’s coalition government wants to track its progress on cutting emissions by focusing on economy-wide forecasts, a more holistic approach that allows less-polluting sectors to compensate for dirtier industries. That would replace the current focus on annual emission-reduction goals by sector — as well as obligatory measures if the targets are missed. The move has been criticized by climate experts, who have warned that the reform will make it even harder for Germany, one of Europe’s biggest polluters, to meet its emissions goals. While the Economy Ministry defended the reform as helping overall efforts, it added that the country is still on track to fall short by a fifth of its goal to cut 1990 emission levels by 65% until 2030...Germany is currently far behind where it needs to be if it wants to meet its 2030 climate goals, having only cut carbon emissions by 1.9% last year. Its transport sector is the biggest laggard, with emissions increasing in 2022 for a second consecutive year. The Economy Ministry said that Germany’s cabinet also decided on a CO2 surcharge for truck tolls that will help to finance rail investments. The step comes just a day after the government agreed to water down a controversial ban on new gas and oil boilers that was meant to reduce carbon emissions in the building sector."

Energy Markets

WTI Crude Oil: ↓ $71.71
Natural Gas: ↑ $2.66
Gasoline: ↑ $2.57

Diesel: ↓ $3.87
Heating Oil: ↓ $252.42
Brent Crude Oil: ↓ $76.56
US Rig Count: ↓ 738

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