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DAILY ENERGY NEWS | 10/05/2023
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** Now it's just getting silly. As a friend said, exactly what "situation" are we in?
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E&E News ([link removed]) (10/5/23) reports: "Willie Phillips is still acting chair of the Federal Energy Regulatory Commission, a White House official said Wednesday, despite the release of a document signed by the president that lists him as chair. Phillips began leading the commission in January following the departure of former FERC Chair Richard Glick. At the time, a White House official said that Phillips, a Democrat, would be FERC’s acting chair until the Biden administration could nominate and confirm a “permanent” chair. Then this week, the Institute for Energy Research released a document signed by President Joe Biden dated Jan. 3 that designated Phillips as “Chair” of FERC. The document, which FERC confirmed, has ignited a debate over the meaning of an 'acting' FERC chair and raised questions about Phillips’ official title. According to the White House, however, nothing has changed. 'It’s standard procedure to name an acting chair in a situation like
this,' the White House said in a statement Wednesday to E&E News, confirming that Phillips is 'still acting chair.'...Asked about the new letter published by the Institute for Energy Research, FERC spokesperson Mary O’Driscoll said this week that it 'reflects accurately that President Biden designated Willie Phillips to lead FERC on January 3, 2023.' 'Since that date, Chairman Phillips has served fully and faithfully as Chair of the Commission, and continues to carry out all of his responsibilities for the executive and administrative operation of the Commission,' O’Driscoll said in a statement. Thomas Pyle, president of the Institute for Energy Research, criticized the White House statement that Phillips remains acting chair. 'What do they suppose that even means? What are they attempting to gain by sticking with this ‘acting’ charade?' Pyle said in an email. 'The order from President Biden says he is Chairman. Either you are the chair or you are not.'"
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** "Energy workers are an integral part of American society who deserve our thanks and appreciation."
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– Gabby Hoffman, Independent Women's Forum ([link removed] Hoffman)

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"Thanks for the visit Special K, but No."

** Wall Street Journal ([link removed])
(10/4/23) reports: "A pledge by China two years ago to stop building new coal plants overseas won applause from global climate activists, but Beijing’s decision to press ahead with some projects has spurred questions about whether the world’s largest carbon emitter is going back on its word. This year, China and Pakistan resurrected long-dormant plans for a coal plant in Gwadar, a port city that is at the center of an economic corridor Beijing is seeking to develop. China is also forging ahead with plans for new coal-fired power plants in Indonesia, where the government wants them to supply energy for processing nickel, a metal used to make batteries for electric cars. Chinese companies have canceled nearly 40 planned coal plants over the past two years, but the fate of about 40 other projects remains in limbo, as different parties tussle over how to interpret and carry out Beijing’s coal pledge. The 40 remaining coal projects could produce about 245 million metric tons of carbon dioxide
every year, or a little less than Spain’s total emissions last year, according to calculations by the Center for Research on Energy and Clean Air, an organization based in Finland that focuses on climate issues."

Germany continues to rely on King Coal...

** Reuters ([link removed])
(10/4/23) reports: " Germany's cabinet on Wednesday approved putting on-reserve lignite-fired power plants back online from October until the end of March 2024, the economy ministry said, as a step to replace scarce natural gas this winter and avoid shortages. In the wake of Russia's invasion of Ukraine and a sudden drop in Russian gas imports to Germany, Berlin reactivated coal-fired power plants and extended their lifespans, with a total output of 1.9 gigawatt hours generated last winter. Despite gas bottlenecks easing since last winter with new liquefied natural gas (LNG) terminal deliveries, coal-fired power plans will be reactivated and the government will make proposals by summer next year on how to offset increased carbon dioxide these plants will generate this winter."

Isaac asking what we are all thinking:

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Energy Markets


WTI Crude Oil: ↓ $82.97
Natural Gas: ↑ $3.12
Gasoline: ↓ $3.76

Diesel: ↓ $4.55
Heating Oil: ↓ $291.78
Brent Crude Oil: ↓ $84.56
** US Rig Count ([link removed])
: ↑ 670



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