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DAILY ENERGY NEWS | 09/20/2023
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** Who is this Al Gore character? Find out on the latest episode of The Unregulated Podcast. Now streaming on our website ([link removed]) , or wherever you listen.
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** "I just want to start off by correcting something the ranking member [Rep. Alexandria Ocasio-Cortez] said in her opening statement. She claimed that oil and gas production on federal lands is responsible for about a quarter of greenhouse gas emissions. That is a complete falsehood."
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– Kathleen Sgamma, The Western Energy Alliance ([link removed])

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The moment in which a Biden administration official says the quiet part out loud. They don't just want to replace your car, they want fewer cars.

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The road to serfdom is littered with stranded EVs.

** Daily Caller ([link removed])
(9/19/23) reports: "A top official in the Department of Energy (DOE) tweeted Monday that it would not be sustainable to replace all gas-powered cars with electric vehicles (EVs). 'Replacing all of the vehicles in the world with EVs is not sustainable,' DOE Loan Program Director Jigar Shah stated in his tweet. He suggested that broader changes to American urban planning and transportation preferences to shift away from a reliance on driving could be necessary to reach climate-related 'sustainability' targets. 'We need to invest in micro mobility, new ownership models, better urban planning models and other improvements,' Shah continued in the tweet. He later linked to an article about alternatives to driving cars in urban environments when corresponding with followers who had replied to him...In other correspondence with followers on the same thread, Shah wrote that a low car utilization rate “matters because for many people their cost to own a car is higher than their mortgage/rent,” and
linked to an August 2022 article by AAA detailing how the annual cost of new car ownership had exceeded $10,000 on average. New car prices have spiked by about 25% over the course of Biden’s first term, and they are likely to continue increasing as his administration’s proposed automobile efficiency standards drive up production costs for manufacturers, ** according ([link removed]'%20production%20costs.)
to a report by the Institute for Energy Research."

These are the guys that want to ban your gas stove.

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What’s the German word for “bad energy policy = deindustrialization”?

** Associated Press ([link removed])
(9/19/23) reports: "For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany. No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year. It follows Russia’s invasion of Ukraine and the loss of Moscow’s cheap natural gas — an unprecedented shock to Germany’s energy-intensive industries, long the manufacturing powerhouse of Europe. The sudden underperformance by Europe’s largest economy has set off a wave of criticism, handwringing and debate about the way forward. Germany risks 'deindustrialization' as high
energy costs and government inaction on other chronic problems threaten to send new factories and high-paying jobs elsewhere, said Christian Kullmann, CEO of major German chemical company Evonik Industries AG."

Energy Markets


WTI Crude Oil: ↑ $91.43
Natural Gas: ↓ $2.75
Gasoline: ↓ $3.87

Diesel: ↓ $4.58
Heating Oil: ↓ $332.59
Brent Crude Oil: ↓ $93.88
** US Rig Count ([link removed])
: ↓ 670



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