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DAILY ENERGY NEWS | 08/30/2023
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** EV graveyards, hysterics from Special K, and more on the latest episode of The Unregulated Podcast. Now streaming on our website ([link removed]) , or wherever you listen.
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** "I've concluded that the extreme focus on ESG metrics from some institutional investors is just a way for their investment committees to become less accountable for performance."
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– Mark Gutman, Ascent Systematic Advisors LLC ([link removed])

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The single-minded push for renewables has real, tangible, tragic, costs.

** New York Post ([link removed])
(8/21/23) column: "Barack Obama’s first White House chief of staff famously declared: 'You never want a serious crisis to go to waste.' His point has become a cynical tactic of the left ever since. Any time there is a tragedy — capitalize on people’s suffering and despair to advance your political agenda. It’s in keeping with this doctrine that we hear the rant that climate change was the match that lit the fires. The New York Times shamelessly ran this headline: Climate Change Turned Lush Hawaii into a Tinder Box. The White House has similarly blamed the Canadian and California wildfires on climate change. This is fake news. There were many contributing factors to those fires. The hot and dry weather and high winds were certainly a major factor. Mother Nature periodically erupts with ferocity, and only a fool would believe that any government policy would have changed the heat or wind gusts in the Pacific Ocean. But what could have prevented the near-100 deaths, the loss of thousands of
homes and the billions of dollars of property damage was better planning for just this kind of event. That risk mitigation didn’t happen despite years of warnings by climate experts, the utility companies and local residents. Why didn’t it? Well, herein lies the real scandal of the Hawaii fires. As The Wall Street Journal explained: 'Four years ago, the utility company said it needed to do more to prevent its power lines from emitting sparks. It made little progress, focusing on a shift to clean energy. Between 2019 and 2022, it invested less than $245,000 on wildfire-specific projects on the island, regulatory filings show.'"

What is the DOE guidance for dealing with a dead battery in your EV during evacuation?

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Big Green, Inc. has one major goal: Fewer humans on Earth.

** Forbes ([link removed])
(8/25/23) column: "'Green growth' programs have been all the rage among government planners across the developed Western countries. President Biden’s misnamed $369-billion Inflation Reduction Act (IRA), celebrated its first anniversary last week as the most aggressive Federal action on tackling the climate crisis in American history. It promises to 'lift up American workers and create good-paying, union jobs across the country' while reducing not only carbon emissions but also energy costs by 'incentivizing domestic production in clean energy technologies like solar, wind, carbon capture, and clean hydrogen.' What’s there not to like?...But the Church of Climate is a broad-tented one, and it has its own increasingly-radicalized sceptics straying from the ‘green growth’ party line...The survey’s authors conclude that 'despite the strong promotion of green growth by policymakers and international institutions, there is mounting criticism concerning the compatibility of continued economic
growth with sustainability goals.'...One may dismiss the anti-growth crowd (both the ‘degrowth’ and ‘agrowth’ types) as hopeless radicals in search of a lost cause ('we want a permanent recession'!). But climate policies have already done a remarkably effective job of lowering standards of living via de-industrialization and raising energy prices across the Western world."

Energy Markets


WTI Crude Oil: ↑ $81.95
Natural Gas: ↑ $2.72
Gasoline: ↑ $3.82

Diesel: ↑ $4.43
Heating Oil: ↑ $315.64
Brent Crude Oil: ↑ $86.12
** US Rig Count ([link removed])
: ↓ 682



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