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DAILY ENERGY NEWS | 10/03/2023
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** Hard for regulators to get input from stakeholders when they are forbidden to talk with them.
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Fox News ([link removed]) (10/2/23) reports: "The White House is prohibiting senior administration officials from traveling for international energy engagements that promote carbon-intensive fuels, including oil, natural gas and coal, Fox News Digital has learned. The guidance — which originated from the White House National Security Council (NSC) — was revealed in a Department of Energy (DOE) memo issued internally to agency staff on Sept. 15 and obtained by Fox News Digital. The memo was authored by Deputy Secretary of Energy David Turk who outlined travel restrictions and stated officials are required to obtain approval from the NSC before attending any global energy engagement. 'This guidance sets out a presumption that agencies and departments will pursue international energy engagement that advances clean energy projects,' Turk wrote in the memo. 'It also outlines a process for
seeking limited exceptions to pursue carbon-intensive engagements on a justified geostrategic imperative or energy-for-development/energy access basis.'...According to the memo, carbon-intensive fossil fuels include coal, oil and natural gas. In addition, the memo notes that the guidance became effective in November 2021 and applies to all international energy engagements. Turk issued a separate memo in early April 2022, which first outlined how the DOE would implement the NSC guidance and stated that energy engagements that promote carbon-intensive fuels may only be exempt if they advance national security or are essential to support energy access in vulnerable areas."
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** EV mandates and high energy prices from the president that the UAW campaigned for and helped elect are leading to shrinking worker incomes."
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– Diana Furchtgott-Roth, The Heritage Foundation ([link removed])

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The wheels are coming off in Germany...

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And the rest of Europe too...

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And that's why Biden insists we follow their lead with his anti-energy plan.

** The Hill ([link removed])
(10/3/23) op-ed: "Politicians, activists and lobbyists worried about a “climate crisis” and determined to compel a rapid transition from fossil fuels to 'clean, renewable' energy seem to think it’s a slam-dunk process. They believe they can simply implement laws, regulations and executive orders, provide hundreds of billions in subsidies, and voila! The “Green” energy transformation will proceed on schedule with no supply-chain disruptions, blackouts, escalating costs or other economic and environmental consequences. Any opposition to enormous wind and solar construction, they reason can be easily addressed by doling out huge taxpayer subsidies as a carrot. And if that fails, they will use eminent domain and other impositions of federal power as a stick, counting on the media all the while to give them cover. These assumptions, however, are becoming increasingly dubious. Public backlash is growing, and serious technical difficulties are proving difficult to correct, even at the cost
of trillions of dollars. At the heart of the problem is the stability and reliability of an aging electrical grid that was never designed for a total Green New Deal-style overhaul. An August 2023 report from the North American Electric Reliability Corporation (NERC) underscores the scope of these difficulties. Very soon, NERC says, America will no longer have most of the coal, gas or even nuclear power stations that have served it well for decades. Most were located close to end users, required only short transmission lines, and provided affordable electricity almost 24/7. Shortsighted policy decisions are closing them far more rapidly than even unreliable wind and solar can theoretically replace them."

Energy Markets


WTI Crude Oil: ↑ $89.54
Natural Gas: ↑ $2.95
Gasoline: ↑ $3.79

Diesel: ↑ $4.55
Heating Oil: ↑ $318.53
Brent Crude Oil: ↑ $91.18
** US Rig Count ([link removed])
: ↓ 652



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