Scranton cufflinks

View this email in your browser

DAILY ENERGY NEWS | 08/04/2023

Subscribe Now

A straining week for Biden, America's legal system, and incandescent lightbulb enthusiasts. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Current EV owners are dramatically different from most of the vehicle owners. Unlike the profile of current EV owners, many are single-car owners, and most of the potential car buyers are not as highly educated, nor as highly compensated as the elite EV owners. Mandating a change to EV ownership and forced austerity may face a rebellion from those that need affordable vehicle transportation."

– Ronald Stein, P.E.,
Heartland Institute

Oh look, it’s another EV that is getting more expensive.

Ars Technica (8/3/23) reports: "Chevrolet has begun customer deliveries of its new Blazer EV crossover. Announced at last year's CES keynote alongside a new Equinox EV, the electric Blazer makes use of General Motors' new Ultium battery platform, albeit with styling cues that call back to the gasoline version. Now, Chevy has released pricing information for the 2024 Blazer EV, and if you were hoping for a 1LT entry-level trim, there's some bad news, as that option has been dropped entirely. Originally, the 1LT was announced with a starting price around $44,995 and was scheduled for the first quarter of 2024. Now, the cheapest Blazer EV will be the front-wheel drive 2LT, although that version won't see showrooms until next year, and pricing won't be revealed until closer to that time. Currently the Ramos Arizpe factory in Mexico is only building all-wheel drive Blazer EVs, and right now just in RS trim, which starts at $60,215. This Blazer has an EPA range estimate of 279 miles (449 km). That actually makes this Blazer EV more expensive than the entry-level Cadillac Lyriq—which starts at $58,590—an EV that has more range but also only a single electric motor driving the rear wheels...The loss of the cheapest Blazer EV is more evidence of the ever-increasing cost of EVs, something that has the potential to slow adoption if left unabated. GM told Automotive News that the more expensive versions of the Equinox EV (which is meant to start around $30,000) should fill the gap left by the removal of the Blazer EV 1LT."

Same as it ever was.

More lies from the White House...

Reuters (8/3/23) reports: "The United States will continue to work with producers and consumers to ensure the energy market promotes growth after Saudi Arabia’s decision to reduce oil production, White House national security spokesman John Kirby told a briefing on Thursday. Saudi Arabia will extend a voluntary oil output cut of 1 million barrels per day for another month to include September, it said, adding it could be extended beyond that or deepened."

Does this sound like something people who were concerned with domestic energy production would do?

E&E News (8/3/23) reports: "The Bureau of Land Management proposed Thursday removing more than a million acres of public lands in Colorado from future oil and gas leasing, while also designating tens of thousands of acres of new protected areas in the western part of the state as part of an effort to resolve a series of legal challenges from environmental groups. The proposal, outlined in a draft resource management plan and draft supplemental environmental impact statement, would establish nine formally designated 'Areas of Critical Environmental Concern' (ACECs) on more than 100,000 acres of BLM lands. An oil and gas industry trade group official blasted the proposal. Set to be formally published in the Federal Register on Friday, the proposal involves BLM lands and subsurface mineral estate in the Colorado River Valley and the Grand Junction field offices that stretch across seven counties. The revisions BLM identified as its 'preferred alternative' would bar new oil and gas leasing across roughly 1.6 million acres, slashing the likely number of oil wells over the next 20 years by nearly 600 wells."

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: ↑ $82.65
Natural Gas: ↑ $2.58
Gasoline: ↑ $3.83

Diesel: ↑ $4.15
Heating Oil: ↓ $304.79
Brent Crude Oil: ↑ $86.06
US Rig Count: ↓ 687

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect with us on Facebook

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 525
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list