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DAILY ENERGY NEWS | 09/29/2023

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Gold bars and picketing presidents. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Certainly, no one could blame workers for believing climate activists in the Democratic Party are selling out their union supporters. It’s an unintended consequence that could be a game-changer in next year’s election. Even if the big three auto manufacturers meet the union’s demands on wages, the EV problem will not go away."

– Andrew F. Puzder,
The Heritage Foundation

If Skynet can figure out how to streamline a NEPA application, maybe then it can figure out oil futures.

Rigzone (9/29/23) reports: "In a new report sent to Rigzone this week, Standard Chartered revealed that it is launching a machine learning model for near-term Brent price forecasting. Dubbed SCORPIO (Standard Chartered Oil Research Price Indicator), Standard Chartered describes the new launch as a proprietary tree-based model designed to generate a forecast for Brent crude spot prices on a one-week timeframe...Prior to the release of Standard Chartered’s SCORPIO model, Rigzone asked several market participants if AI can predict the oil price. The answer to that question was no, according to Alex Stevens, the Manager of Policy and Communications at the Institute for Energy Research (IER), which describes itself as a not for profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets."

At least with rotary phones, the technology worked.

This is the plot of a B-grade Halloween movie.

Daily Caller (6/1/23) reports: "The Biden administration is poised to spend hundreds of millions of dollars to subsidize the purchase of electric school buses despite the tendency of e-buses to catch fire. The Environmental Protection Agency (EPA) has made an additional $500 million available to help rebate recipients to transform their school bus fleets from diesel to electric, a round of funding that builds upon an earlier $1 billion made available via the program, the EPA announced Thursday. Several electric buses have caught fire across the country in recent months, a trend mostly attributable to malfunctions in their lithium-ion batteries, according to the Institute for Energy Research. 'Thanks to President Biden’s Investing in America agenda, more students, teachers, and staff are breathing easier this school year as brand-new clean school buses are hitting the road in communities across America,' EPA Administrator Michael Regan said. 'We’ve seen incredible demand for this program from school districts that want to benefit from the transition to cleaner school buses, leading to cost savings for districts, better air quality and less pollution.' Electric buses have burst into flames due to battery malfunctions in Wichita, Kansas, Philadelphia, Pennsylvania, San Jose, California, and Hamden, Connecticut, since July 2022, according to local reports. The Hamden e-bus fire resulted in a decision to pull the city’s entire e-bus fleet off the roads after it had received praise from Democratic Connecticut Gov. Ned Lamont and Sen. Chris Murphy."

If you oppose a carbon tax, take a stand and contact us.

Tom Pyle, American Energy Alliance

Myron Ebell, Competitive Enterprise Institute

Phil Kerpen, American Commitment

Andrew Quinlan, Center for Freedom and Prosperity

Grover Norquist, Americans for Tax Reform

George Landrith, Frontiers of Freedom

Thomas Schatz, Citizens Against Government Waste

Richard Manning, Americans for Limited Government

Adam Brandon, FreedomWorks

Craig Richardson, E&E Legal

Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America
Jon Sanders, John Locke Foundation

Energy Markets

WTI Crude Oil: ↓ $91.45
Natural Gas: ↓ $2.94
Gasoline: ↓ $3.83

Diesel: ↓ $4.56
Heating Oil: ↑ $338.91
Brent Crude Oil: ↑ $95.43
US Rig Count: ↓ 664

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