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DAILY ENERGY NEWS | 09/13/2023
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** The American people deserve the right to choose which vehicle is right for their families.
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Oilman Magazine ([link removed]) (9/12/23) reports: "The Institute for Energy Research and 31 other national and state-based organizations launched the Save Our Cars Coalition. The coalition will fight to preserve and expand consumer choice in the selection of cars and trucks and ensure that all Americans will continue to benefit from them, as they have for more than a hundred years. The Biden administration and California Governor Gavin Newsom have launched two different regulatory programs directed at gradually eliminating the sales of gasoline-powered cars and mandating the sale of electric vehicles. The Save Our Cars Coalition will alert and educate the public to the threats posed by these and other harmful regulatory programs adding more to the price tag of vehicles – which are already at record highs – and eventually eliminating gas-powered cars and trucks altogether. Thomas Pyle, president of the Institute for Energy
Research, issued the following statement: 'I am proud to join the Save Our Cars Coalition, which will fight to preserve the ability for all Americans to choose the cars and trucks that best suit their needs. The Biden administration and the State of California want to ban cars and trucks powered by gasoline and diesel and replace them with electric vehicles. Past regulatory efforts have already had an impact on the price of new cars and trucks – which are at record highs. These regulations will make it even harder for people to buy and enjoy a car or truck by making them even more expensive and by reducing the number and types of automobiles available in the market. This is a feature, not a bug, of these rules.'"

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** "Hi, I'm calling because I'm in the Grovetown Walmart at the charging station, and there's literally a non-electric car that is taking up the space, they said they're holding the space for [DOE Secretary Jennifer Granholm], and it's holding up a whole bunch of people who need to charge their cars. There's other people who are waiting to charge, and they're still here, and they're not an electric car, and the sign says you can't park here unless you're charging."
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– Unnamed Georgia resident calling Columbia County Sheriff's Office ([link removed])

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Making gas more expensive doesn't make EVs cheaper.

** Washington Times ([link removed])
(9/12/23) editorial "Whenever a product is marketed as being 'for the environment,' you can expect to pay a hefty premium. That’s one of the many reasons budget-conscious shoppers have turned up their noses at the prospect of trading their gas-powered automobiles for one of the pricey electric vehicles that have become a status symbol among those desperate to be seen as green. The administration’s latest scheme hopes to force the public to go electric by jacking up the price of gasoline, making EVs look like slightly less of a bad deal. Last week, oil-rich Saudi Arabia and Russia extended their current 1.3 million barrels a day oil-production reductions to lessen supplies and raise prices. The following day, President Biden joined the energy squeeze by canceling oil and natural gas drilling leases in the Arctic National Wildlife Refuge and prohibiting drilling on 13 million acres of Alaska’s North Slope...The American Energy Alliance is furious with the administration. 'President Biden says
he cares about working-class Americans, but this move proves all he really cares about is appeasing his green donors,' the group’s president, Thomas Pyle, wrote in a statement. Green is seen as the highest good in elite progressive circles, and as such, eliminating fossil fuels has become their primary goal — only to run into the stumbling block of unenlightened U.S. drivers reluctant to surrender their gasoline-powered cars and trucks for EVs carrying a sticker price averaging $10,000 higher."

Modern life was fun while it lasted.

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Biden and company want fewer cars. You don't get more EVs with higher mineral prices.

** Reuters ([link removed])
(9/12/23) reports: "A federal committee on Tuesday recommended imposing royalties on U.S. hardrock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in charge of issuing new mining permits. The proposal was part of a suite of recommendations aimed at increasing supply of the materials like lithium, cobalt and nickel that are needed for a domestic electric vehicle (EV) industry that is key to President Joe Biden's climate agenda. In a 168-page report, the Interagency Working Group on Mining Laws, Regulations and Permitting broadly encouraged Congress to reform the General Mining Law of 1872, which established a system that provides free and open exploration of federal mineral deposits. In addition to recommending royalties of 4% to 8%, the interagency group advocated for moving to a system of leasing federal lands for mining and encouraging mining claimants to develop claims in a timely manner by increasing fees over time. Such
changes would put the industry on more even footing with those like oil and gas and coal. Increased funds could both shore up agency staff needed to speed mine permitting, engage with local communities and protect taxpayers from the cost of cleaning up abandoned mines."

Energy Markets


WTI Crude Oil: ↑ $89.27
Natural Gas: ↑ $2.76
Gasoline: ↑ $3.84

Diesel: ↑ $4.51
Heating Oil: ↑ $341.00
Brent Crude Oil: ↑ $92.44
** US Rig Count ([link removed])
: ↑ 687



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