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DAILY ENERGY NEWS  | 07/21/2023
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First they came for my stove.


Fox News (7/19/23) reports: "The Biden administration's proposed regulations targeting dishwashers is facing pushback from a coalition of 19 industry and consumer groups. The coalition — led by the Competitive Enterprise Institute (CEI) — filed comments with the Department of Energy (DOE) late Tuesday, arguing that the rules are unnecessary, overly burdensome and would harm consumers, and urging the agency to withdraw the proposal. The DOE first unveiled the proposed regulations two months ago and the public comment period for the rulemaking concluded Tuesday...According to the current federal Unified Agenda, a government-wide, semiannual list that highlights regulations agencies plan to propose or finalize within the next 12 months, the Biden administration is additionally moving forward with rules impacting dozens more appliances, including consumer furnaces, pool pumps, battery chargers, ceiling fans and dehumidifiers. The Heritage Foundation, Institute for Energy Research, Heartland Institute, American Consumer Institute, Consumers’ Research, Americans for Prosperity, and American First Policy Institute were among the groups joining CEI in signing the comment letter Tuesday."

"Solving climate change will require sacrifices — even if only small ones — for the sake of the greater good. Those might include lifestyle changes such as driving less or eating less meat. They might also include accepting that large-scale solar farms will destroy some wildlife habitat, and that rooftop solar panels — despite their higher costs — have an important role to play in cleaning up the grid. Maybe learning to live with more power outages shouldn’t be one of those sacrifices. But at the same time, we might not have a choice." 

 

– Sammy Roth, LA Times

Wait, I thought the wind was free?


Recharge News (7/18/23) reports: "Iberdrola-controlled Avangrid has agreed to pay $48.9m in fines to the US state of Massachusetts to terminate its contracted 1.2GW Commonwealth Wind project which it claims is no longer financially viable. Avangrid won the project in the state’s third round in December 2021 and in April last year signed offtake contracts with the state’s major utilities Eversource, National Grid, and Fitchburg Electric & Gas averaging $72/MWh, a new low for the US industry. Surging inflation and interest rates have since buffeted the industry, pushing the developer to request its power purchase agreements (PPAs) 'be terminated because the facility is no longer financeable,' according to the agreement filed by the state Department of Public Utilities (DPU)."

This is rich.


Politico (7/20/23) reports: "The U.K. government has more than halved the rate of public funding it gives King Charles III — because the monarch is making such big profits through offshore wind projects on the Crown Estate. The Sovereign Grant — the yearly payment made by the government to the royal household — will be reduced to 12 percent of Crown Estate net profits in 2024/25, down from 25 percent. The actual payment will remain flat at £86 million, but the change means Charles III and his household will receive nearly £300 million less over the next three years than they would if the rate had stayed the same. Chancellor Jeremy Hunt said the cut reflected 'the unexpected significant increase in the Crown Estate’s net profits from offshore wind developments.' 'For almost 300 years, kings and queens have surrendered the profits from the Crown Estate to the British people, and in return the government has provided a fraction of that to properly support the king in undertaking his official duties,' Hunt added. The profits made from electricity generators increased last year, as the cost of electricity rose on the back of higher gas prices driven by Russia’s invasion of Ukraine. In January, the Crown Estate announced six new offshore wind energy leases, with Buckingham Palace saying it wanted profits from the deals to go towards the 'wider public good.'"

Look there, Sancho Panza, my friend, and see those thirty or so wild giants, with whom I intend to do battle and kill each and all of them, so with their stolen booty we can begin to enrich ourselves.

 
E&E News (7/20/23) reports: "President Joe Biden is leaning into his offshore wind record as the 2024 presidential campaign heats up and Democrats try to sell voters on the clean energy investments in the mammoth climate law enacted last year. The president traveled to Philadelphia on Thursday to tout this record as his administration announced the first-ever sale of offshore wind leases in the Gulf of Mexico, which caps several years of advancing offshore wind in the Pacific and Atlantic oceans. Speaking from the Philly Shipyard — where a company is tapping union workers to build a first-of-its-kind vessel that will be used to build offshore wind farms — the president touted the jobs and manufacturing associated with offshore wind development...The offshore wind industry is swiftly expanding in the U.S. from a permitting standpoint thanks to the full-throated support from the White House, even as economic headwinds from inflation and supply chain constraints have cast uncertainty over some of the nation’s first proposed projects.The industry has also faced pushback from coastal communities, an opposition force that’s found support from conservative lawmakers and threatens to further politicize the new industry. Some critics — including Republican lawmakers, former President Donald Trump and conservative commentator Tucker Carlson — have pushed back on offshore wind as they ramp up attacks on the Biden administration’s climate and energy agenda. As the 2024 presidential campaign season heats up, the White House continues to highlight the fact that the Inflation Reduction Act passed without the support of a single congressional Republican."

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: ↑ $76.52
Natural Gas: ↓ $2.73
Gasoline: ↑ $3.58
Diesel: ↑ $3.87
Heating Oil: ↑ $272.72
Brent Crude Oil: ↑ $80.47
US Rig Count: ↓ 700

 
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