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DAILY ENERGY NEWS | 10/06/2023
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** If at first you don't succeed, try, try again. If if that doesn't work, just ban it. Because these guys think you're too stupid to make your own decisions.
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The Daily Signal ([link removed]) (10/5/23) column: "In an attempt to force Americans to conserve energy, the Department of Energy is banning a whole class of popular furnaces, eventually raising heating costs and reducing product choices for families and businesses alike. And it is using an outdated law to give itself the authority to do so. While the DOE did recognize many of the comments that I submitted arguing against its attempt to regulate gas furnaces, it did little more than brush them off. Unfortunately, higher costs and less choice won’t be so easy for American families and businesses to ignore. Furthermore, the DOE relied on outdated congressional authority to devise its final rule, and the law itself doesn’t require the department to tighten standards for gas furnaces when there is no good reason for it to do so (and there isn’t)...According to the Energy Information Agency, in 2020, the United States held
over 373 billion barrels of technically recoverable crude oil reserves, which would provide the U.S. with over 50 years of supply...Of course, new discoveries are always occurring that would expand this supply over time, which is demonstrated by the growing availability of unconventional sources like oil shale. According to the Energy Information Agency, the U.S. currently holds an additional 195.5 billion barrels of crude oil and 1,712 trillion cubic feet of natural gas in unconventional reserves. According to the Institute for Energy Research, conventional and unconventional reserves combine to provide nearly 300 years of energy supply at current consumption levels."
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** "Oh the irony here. The solar industry is complaining about high manufacturing costs in Europe in part due to, yes, you guess it right, high energy costs."
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– Javier Blas, Bloomberg ([link removed])

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The latest front in the culture war: the family car.

** Wall Street Journal ([link removed])
(10/5/23) column: "Forget race. Forget sex. Forget immigration. The mother of all culture wars is breaking out, and its subject is the car. The automobile has long been a policy flashpoint, with the paramount issue being where it should be able to roam. This was the heart of the brutal urban-planning battles of the mid-20th century, which were fought over the need for and placement of new highways. Yet it’s hard to describe those earlier policy fights as a culture war. Liberal urban activists such as Jane Jacobs—who famously fought off Robert Moses’ plan to build a highway interchange over Washington Square Park in New York City—didn’t hate cars or the people who drove them. In her magisterial “The Death and Life of Great American Cities” Jacobs repeatedly observed that resorting to the personal car was an entirely rational response to the failures of government urban planners to encourage smarter development. Such humane common sense seems quaint in the context of today’s car wars. For a
growing portion of the left, the automobile has become a moral ill in its own right rather than the symptomatic inconvenience of Jacobs’s telling. "

“If something cannot go on forever, it will stop."

** ([link removed])

Big Green's revolving door keeps on spinning.

** Real Clear Investigations ([link removed])
(10/5/23) reports: "Washington’s revolving door is getting a fresh green paint job: Federal architects of a controversial new rule requiring businesses to measure their carbon footprints throughout their supply chains have joined a start-up company poised to reap millions by performing those calculations. At least three ranking Securities and Exchange Commission officials have joined Persefoni, a company formed in 2020 for the purpose of measuring such footprints of large business enterprises. Documents show that the SEC relied on input from the for-profit company to draft the proposed rule. Some critics argue that the estimates from Persefoni low-balled the price tags unrealistically for such accounting to make them more politically palatable. Persefoni, billing itself as 'The Platform for Carbon Accounting – Built For Climate Disclosure,' and similar outfits are emerging as their own service industry as they stand to profit from the new rule, since most companies do not have the staff or
expertise to calculate their carbon footprints."

If you oppose a carbon tax, now being called a border adjustment tax, take a stand and ** contact us. (mailto:[email protected])
And if you support the PROVE IT Act, prove it isn't a carbon tax.

** ([link removed])

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: ↓ $82.08
Natural Gas: ↑↓ $2.76
Gasoline: ↑ $3.74

Diesel: ↓ $4.54
Heating Oil: ↑ $292.99
Brent Crude Oil: ↓ $83.84
** US Rig Count ([link removed])
: ↓ 656



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