Ineducable

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DAILY ENERGY NEWS | 09/18/2023

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After all these decades of being the poster child for hypocrisy, Al still can't help himself.

Washington Times (9/15/23) column "Al Gore, the former vice president, Nobel laureate and tobacco farmer, the guy who literally made his money by selling out to Arab oil traders, has been making the news lately by banging his soapbox against the upcoming 28th United Nations Conference of the Parties. For the tragically unhip, the Conference of the Parties is where the international “leaders” and cool kids get together and focus all of their intellectual capacity on solving the problem of climate change. Just kidding. They usually focus all of their intellectual capacities on a handful of commas in the pro forma communique and deciding where the party will be next year. This year’s party is scheduled for December in the United Arab Emirates, which is smack dab in the middle of the Middle East. That means, as both a practical and geographic matter, this year’s conference on climate change is going to wind up talking about the ongoing necessity of producing, processing, and refining oil and natural gas, which account for about 80% of the world’s primary energy supply. All of this has made the inspiration for the unreadable and unwatchable love story (Mr. Gore) most unhappy. From the air-conditioned comfort of his private jet, he has fumed that the presence of oil and gas companies at the conference somehow delegitimizes the entire proceeding."

"Western countries are trying to get their citizens to switch to electric vehicles, and a road of electric vehicles at peak hours will have the same congestion as a road of gasoline-powered vehicles. Furthermore, electric vehicles weigh about one-and-a-half times as much as gasoline-powered vehicles and impose more stress on the roads."

– Diana Furchtgott-Roth,
Heritage Foundation

The same cabal concerned with "Democracy" is insistent they be allowed to mandate widely unpopular policies without a vote.

Daily Caller (9/14/23) reports: "President Joe Biden’s electric vehicle (EV) push is facing significant threats from all angles this week in Congress, in courtrooms and at a union negotiating table. The Biden administration is looking to gradually phase out internal combustion engine vehicles from the market, with a goal of having EVs make up at least 50% of all new car sales by 2030, with agencies pursuing more aggressive targets in the years following 2030. The administration’s EV push faces significant challenges in Congress, in the courts and in contract talks between the United Auto Workers (UAW) and America’s 'Big Three' auto manufacturers that threaten to derail the administration’s progress in reshaping the American car market. The House will vote Thursday on the Preserving Choice in Vehicle Purchases Act, which would 'amend the Clean Air Act to prevent the elimination of the sale of internal combustion engine vehicles,' according to its text...NHTSA also proposed updates to the Corporate Average Fuel Economy (CAFE) standards in July that amount to “an EV mandate,' Dan Kish, senior fellow for the Institute for Energy Research, told the DCNF at the time. The proposed rule would require auto manufacturers to double the average fleet fuel efficiency from the Environmental Protection Agency’s estimated 2022 efficiency level of 26.4 miles per gallon to 'potentially reaching an average fleet fuel economy of 58 miles per gallon by 2032,' according to a Department of Transportation (DOT) press release announcing the proposal."

Yes California, you voted for these gas prices.

CBS News (9/15/23) reports: "The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today to its highest amount since Oct. 28, increasing 3.1 cents to $5.65. The average price has risen 49 times in 54 days, increasing 67.4 cents, including 3.2 cents Thursday, according to figures from the AAA and Oil Price Information Service. The average price rose 30 consecutive days, making it 19.1 cents more than one week ago, 39.2 cents higher than one month ago and 22.3 cents above what it was one year ago. 'Our pump prices have been skyrocketing as a result of regional refinery outages, as well as from increasing crude oil prices following deadly flooding in Libya, which will temporarily disrupt oil exports from that OPEC nation,' said Doug Shupe, the Automobile Club of Southern California's corporate communications manager. 'These regional and global factors are putting upward pressure on both regular unleaded and diesel prices all across Southern California.'...As gasoline demand decreases and temperatures cool, retailers are able to switch to selling winter-blend fuel beginning September 15. which are cheaper to produce. In California, the season for summer-blend fuels is longer. Both Northern and Southern California's summer-blend requirements run through the end of October."

Stopping the production of energy actually makes it more expensive. The White House is currently checking with their in-house shaman to see if that fact aligns with "indigenous-knowledge."

Reason (9/15/23) reports: "Inflation has blipped back up to nibble at Americans' budgets and patience. While the rise is relatively modest, it's enough to revive the public's concerns about the eroding value of their dollars. Worse for the Biden administration, the most severe effects were seen in the price of gasoline, which emphasizes the White House's vulnerability on economics and, especially, energy. The pain will be felt by consumers, and they'll be looking for somebody to punish...The Biden administration is publicly committed to "end fossil fuels" and forcibly shift U.S. energy production from oil and gas to "renewable" (unless you count mineral inputs for generators and batteries) solar and wind. That means explicitly blocking oil and gas drilling, but also discouraging investment in parts of the energy industry disfavored by the regulatory environment...'Refiners are unlikely to invest hundreds of millions of dollars in recommissioning costs for only one or two years of strong returns, against a backdrop of the Biden administration's promise to "end fossil fuels,'" the Institute for Energy Research commented in June 2022 as gasoline prices soared."

Energy Markets

WTI Crude Oil: ↑ $91.82
Natural Gas: ↑ $2.71
Gasoline: ↑ $3.88

Diesel: ↑ $4.57
Heating Oil: ↑ $330.69
Brent Crude Oil: ↑ $94.55
US Rig Count: ↓ 677

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