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DAILY ENERGY NEWS | 08/18/2023
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** What a year it's been. Can you believe how much the IRA has brought costs down? The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "No one is claiming the so-called Inflation Reduction Act has reduced the price of goods, because it hasn’t. Everyone knows it, even Obama."
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– Rep. Thomas Massie (R-KY) ([link removed])


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Swamp math: Spend $1 trillion, save $38 billion.

** The Hill ([link removed])
(8/16/23) reports: "The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law could save Americans up to $38 billion on electricity costs over the remainder of the decade, the Energy Department projected in a report shared exclusively with The Hill. The report customized the National Energy Modeling System, which the Energy Information Administration uses in its Annual Energy Outlook, to model energy costs and national emissions in a scenario where the two laws were never implemented, based on the 2022 outlook report. The model also analyzed two other scenarios in which advanced and moderate progress was made in implementing the laws. The advanced scenario involves fewer obstacles to deployment and more use of bonus credits, whereas the moderate scenario entails more hurdles to investment and fewer electric vehicles qualifying for the laws’ tax credits. The Energy Department analysis projected that the laws will save ratepayers between $27 billion and $38 billion between 2022 and
2030."

Serious policy failures lead to a tremendous loss of life and property. This cannot be papered over and marked up as "climate change" as the left wishes.

** ([link removed])

"Net-zero" becomes more and more fanciful a goal with every mine Biden shuts down.

** Deseret News ([link removed])
(8/17/23) reports: "Utah’s coal country is in the midst of redefining itself. Carbon County — aptly named for its rich coal resources — saw the closure of its sole coal-fired power plant in 2015. Its mines, which historically numbered 16, are all shuttered. Struggling against the backdrop of those tangible impacts, residents had to endure a property tax increase of 700% in fiscal year 2022...Athurn stressed that the problem overall rests on supply, timing and the country’s lack of appetite for new mining. 'We do not have enough critical minerals mined today in the world, let alone in the United States. And so if mines in the United States were given the OK today, or they thought they had a plan, and they started permitting today, you’re looking at 2033 before they ever put a shovel in the ground, and that is without opposition.' Numbers from the Institute for Energy Research, a nonprofit advocacy group tied to the industry, assert that in the United States, reaching net-zero on carbon
dioxide emissions requires:
* A 42-fold increase in lithium demand.
* A 25-fold increase in graphite demand.
* A 21-fold increase in cobalt demand.
* A 19-fold increase in nickel demand.
* A seven-fold increase in rare earth demand by 2040.

President Joe Biden has set a goal for a carbon free power sector by 2030, yet his administration has put the skids on multiple mines for copper, a lithium mine in Nevada is under intense pressure and there is political pushback on lithium mining on the shores of the Great Salt Lake for fear it may compromise the ailing body of water even further."

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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: ↑ $80.59
Natural Gas: ↓ $2.57
Gasoline: ↑ $3.87

Diesel: ↑ $4.34
Heating Oil: ↑ $311.66
Brent Crude Oil: ↑ $84.15
** US Rig Count ([link removed])
: ↑ 693



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