Your Daily Energy News
View this email in your browser ([link removed])
DAILY ENERGY NEWS | 08/09/2023
Subscribe Now ([link removed])
** EV mandates will save you money... unless you were driving a gas-powered car previously.
------------------------------------------------------------
Carscoops ([link removed]) (8/3/23) reports: Charging an electric vehicle is cheaper than filling up a gas-powered car, right? While that’s certainly what most people think, an intriguing study has revealed that per 100 miles driven, there are actually plenty of internal combustion-powered vehicles that are cheaper to fill up than charging an EV alternative in the U.S. An analysis from Anderson Economic Group says that entry-priced cars and crossovers cost on average $9.78 per 100 purposeful miles that they can be driven. These include vehicles like the Nissan Versa, Honda Civic, Hyundai Elantra, Subaru Impreza, and Mitsubishi Mirage. By comparison, entry-priced EVs like the Nissan Leaf and Chevrolet Bolt charged mostly at home provide on average 100 miles of range for every $12.55 spent charging. Entry-priced EVs charged at stations cost $15.97 per 100 miles. It is a similar story in
the mid-priced segments of cars and crossovers. ICE vehicles in this segment like the Honda Accord, Toyota Camry, Chevrolet Malibu, and Subaru Outback typically cost about $11.08 to fill up per 100 miles they can be driven. By comparison, charging up a rival EV like the Kia EV6, Tesla Model 3/Y, and Ford Mustang Mach E at home typically costs $12.62 per 100 miles of range or $16.10 per 100 miles of range when charged at a station."
[link removed]
** "In short, [net-zero] policies, whether domestic or international, cannot satisfy any plausible benefit/cost test. Nonetheless, the beat goes on, in Europe and in the Beltway. But reality will intrude, sooner or later. "
------------------------------------------------------------
– Benjamin Zycher, American Enterprise Institute ([link removed])
============================================================
When the lights go out, remember the regulators were warned.
** Reuters ([link removed])
(8/9/23) reports: "U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade group the Edison Electric Institute (EEI) asked the U.S. Environmental Protection Agency (EPA) for revisions of the proposed power plant standards, which hinge on the widespread commercial availability of carbon capture and storage (CCS) and low-emissions green hydrogen, adding the agency's vision was 'not legally or technically sound.'"
Shutting down domestic mining shows Biden has net-zero interest in reaching net-zero emissions.
** The Daily Caller ([link removed])
(8/8/23) reports: "President Joe Biden announced Tuesday that it has designated nearly 1 million acres in Arizona outside the Grand Canyon as a monument, a move that could further America’s reliance on Russia for sourcing uranium.The monument designation will permanently prohibit new mining claims in the covered 917,618 acres, parts of which are known for having rich deposits of uranium, an essential material for generating nuclear energy, according to E&E News. The Biden administration is justifying the designation by pointing to the land’s cultural significance to local Native American tribes in accordance with its wider push for 'environmental justice,' according to the White House...Biden 'talks about ‘net zero’ carbon emission, but is proposing to cut off an area almost the size of Delaware from providing uranium to fuel our nuclear plants, which are the largest source of carbon-free electricity,' Dan Kish, senior fellow for the Institute for Energy Research, told the Daily Caller News
Foundation. 'He talks about the evils of Russia and then hands them the keys to our energy security, just like his talk about solar panels has handed the keys to China.'”
Colorado is giving away a ridiculous amount of taxpayer dollars for EVs.
** CPR ([link removed])
(8/4/23) reports: "Here’s one way to quantify the magnitude of Colorado’s bet on electric vehicles: It will soon be possible to qualify for discounts worth $21,000. Add an additional rebate from Colorado’s largest power provider, a resident buying a new plug-in car could soon save a head-spinning $26,500. That’s not a typo. Colorado’s current $5,000 tax credit is already the most generous state-level incentive available to all residents. With additional programs set to go live in the next few months, the state is now poised to test the full power of EV discounts — a pillar of the statewide plan to reduce carbon emissions. Gov. Jared Polis is betting the strategy can help reach a goal of putting nearly a million plug-in vehicles on the road by 2030...Gov. Jared Polis has put electric vehicles at the center of the state’s climate plans. His administration has set a goal to put 940,000 light-duty electric vehicles on the road by 2030, a vast increase from the 86,000 plug-in cars currently
driving around the state. To meet those targets, drivers will need to start buying electric vehicles at a far faster pace. In the second quarter of 2023, EVs accounted for about 13 percent of overall car sales. The governor’s administration has set a goal to reach 25 percent by 2025."
Energy Markets
WTI Crude Oil: ↑ $84.02
Natural Gas: ↑ $2.94
Gasoline: ↑ $3.82
Diesel: ↑ $4.21
Heating Oil: ↑ $311.60
Brent Crude Oil: ↑ $87.14
** US Rig Count ([link removed])
: ↓ 686
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 525 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
