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DAILY ENERGY NEWS | 08/21/2023

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Charley Hull didn't win the the tournament, but she and her caddy definitely won our hearts...

Golf RX (8/14/23) reports: "During the final round of the AIG Women’s Open, an oil protest group ran on the 17th green with red and yellow streams of smoke. Play had to stop temporarily and the offenders were arrested. The R&A issued a statement after the round, thanking the police for their quick response. 'Protesters were quickly apprehended on the 17th green during the final group and five arrests were made by the police. We would like to thank the police and marshals for their vigilance and the players and spectators for their understanding.' The protest group 'Money Rebellion' took responsibility for the disturbance. After the round, Charley Hull, who was in contention for the championship spoke to The Telegraph about the protestors. 'What a bunch of idiots,' the 27-year-old said. Hull was on the 17th green when the protestors stormed the green and was undoubtedly impacted by the incident. Adam Woodward, who is Hull’s caddie joined in on speaking out against the protestors and agreed the smoke was detrimental to Charley’s performance. “There were about three of them, I think, but it was ineffective. The police were quick and they were gone within 60 seconds. Charley took the smoke into her lungs and it wasn’t pleasant for her. Thank God their pathetic actions didn’t affect the result.”

"What a bunch of idiots."

– Charley Hull, Professional Golfer, Truth-Teller

“Uncapped” and inflation reduction don’t exactly go together as Bloomberg and others are starting to figure out.

Bloomberg (8/16/23) reports: "It’s been exactly one year since President Joe Biden signed the Inflation Reduction Act, securing a core part of his domestic agenda with what’s by far the most significant climate law in US history. There’s been no shortage of numbers attesting to the rapid transformation of the American economy: $86 billion in private investment, 51 new or expanded plants for producing solar panels, 91 new factories for making batteries, more than 100,000 clean-energy jobs. One number has remained much harder to pin down over the past year: precisely how much will be spent as a result of the IRA. Cost estimates have continued to shift upward and now span a range of more than half a trillion dollars. This is a far cry from the headlines that greeted the law’s surprising passage through Congress last summer. With some slight variation, news organizations (including Bloomberg Green) put a price tag of about $370 billion on the climate-spending measures. That number ended up with more or less official stature, repeated in White House assessments. But it was always an estimate. In hindsight, the cost of the tax credits and incentives to the US Treasury is clearly going to be much higher — and even after a year, there’s no way to pinpoint the amount of spending that will ultimately occur."

Texas mess.

Was it climate change or climate policies that led to this tragedy?

Daily Caller (8/18/23) reports: "While climate hawks were quick to blame the tragic Hawaiian fires on climate change, some of the state’s green policies and questionable decision-making before and during the tragedy helped set the stage for a disaster that has so far claimed over 100 lives. Along with other Democrats and some members of the media, Democratic Gov. Josh Green repeatedly suggested in the wake of the disaster that climate change and its effects were the primary cause, with Green himself stating explicitly that climate change is “the ultimate reason that so many people perished.” However, a growing list of actions and green policy decisions made by elected and unelected officials of key Hawaiian institutions, public and private, in the years leading up to the fires appear to have played a major role...Hawaiian Electric is not completely absolved of responsibility, Dan Kish, senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation. 'It’s sad to see all the government and utility officials passing the buck rather than stepping up and admitting that mistakes were made,' Kish told the DCNF. 'Hawaii’s obsession with climate took the utility’s eyes off the ball,' Kish continued. 'Rather than concentrating on what they can fix, they focused on the climate industrial complex and its unworkable solutions.'"

Energy Markets

WTI Crude Oil: ↑ $81.53
Natural Gas: ↑ $2.61
Gasoline: ↑ $3.86

Diesel: ↑ $4.34
Heating Oil: ↓ $315.19
Brent Crude Oil: ↑ $85.14
US Rig Count: ↑ 701

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