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DAILY ENERGY NEWS | 07/31/2023
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** The brain trust at the U.N. has decreed a new era in human history. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "New National Environmental Policy Act regulations are an important victory for those opposed to new infrastructure."
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–James Coleman, American Enterprise Institute ([link removed])

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Reality is starting to reassert itself in the UK.

** Bloomberg ([link removed])
(7/31/23) reports: "Prime Minister Rishi Sunak committed to granting hundreds of new licenses for oil and gas production in the North Sea, as his governing Conservatives intensify efforts to draw a political dividing line with the poll-leading opposition Labour Party on energy policy and the environment. The government said the first new permits in the current licensing round will be issued in the autumn, with over 100 expected in total. It also suggested a commitment to future licensing rounds — though that would hinge on Sunak’s party holding onto power in a general election expected in 2024. Energy and climate policies have risen up the political agenda following Russia’s invasion of Ukraine and a cost-of-living crisis, which has fueled concerns that green policies can hurt household finances. Critics have warned that the UK has failed to invest enough to beef up energy independence as other countries, such as the US, pump money into green technology."

Yes, the destroyer of pensions is the real victim of the ESG saga.

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Leaving your family without a car is the point.

** Daily Caller ([link removed])
(7/31/23) reports: "National Highway Traffic Safety Administration (NHTSA) Acting Administrator Ann Carlson, whose agency proposed a new rule Friday that would make internal combustion engine vehicles more expensive, previously advocated policies that would raise energy costs to spur the green transition. Carlson, formerly a professor at the University of California, Los Angeles, has a history of advocating for policies that could raise energy prices and burden Americans with new costs, viewing such policies as an effective mechanism to alter consumer behavior to support the green energy transition. NHTSA proposed updates to the Corporate Average Fuel Economy (CAFE) standards Friday, which would raise the costs of gas-powered vehicles for American consumers in the aim of reducing emissions and countering climate change. While NHTSA estimates that the rule proposal would save Americans a cumulative $50 billion in fuel costs over the long term, consumers would incur up to $1,000 upfront costs
for vehicles and it would incentivize manufacturers to push electric vehicles (EVs) on consumers, according to the rule proposal and experts interviewed by the Daily Caller News Foundation."

Energy Markets


WTI Crude Oil: ↑ $81.44
Natural Gas: ↓ $2.62
Gasoline: ↑ $3.75

Diesel: ↑ $4.03
Heating Oil: ↓ $294.89
Brent Crude Oil: ↑ $85.48
** US Rig Count ([link removed])
: ↑↓4723



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