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DAILY ENERGY NEWS  | 10/20/2023
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The Unregulated Podcast 153: I Eat "No" For Breakfast.


On the most recent episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the escalating conflict in Israel, the state of the Speaker of the House vote, and the emerging roadblocks to the EV transition.

"The good news is that people have noticed what happened with Exxon. Exxon was a big deal and it woke up some red state governors, treasurers, attorneys general, legislators, and activist groups. It was patently obvious that asset managers such as BlackRock were successfully using red state monies to advance a progressive political agenda. So in 2021 red states started passing legislation to resist this ESG juggernaut, making it clear that it’s a breach of fiduciary duty to invest other people’s money or to vote the shares you hold beneficially on behalf of others to advance your political or ideological objective.”

 

-Andy Puzder, former chief executive of CKE Restaurants

Remember, because of our insane green policies, China controls everything.


CNN (10/20/23) reports: "China has unveiled plans to restrict exports of graphite — a mineral crucial to the manufacture of batteries for electric vehicles (EVs) — on national security grounds, the Ministry of Commerce and the General Administration of Customs said Friday.  The announcement comes just days after the United States imposed additional limits on the kinds of semiconductors that American companies can sell to Chinese firms... The Institute for Energy Research, a Washington, DC-based research organization, says carmakers are trying to lock in supplies of graphite from sources outside of China, as demand for EV batteries outpaces other uses for the material."

China strikes again: EV battery costs could surge 22 percent.


Oil Price (10/17/23) reports: "The Renewables MMI (Monthly Metals Index) saw a welcome boost month-on-month, rising 6.27%. Grain-oriented electrical steel, silicon, and neodymium were the main factors that increased the index, while the lithium-ion battery market remains a point of contention. In the case of silicon, futures initially rose back in June due to production cuts within China, the world’s #1 manufacturer. It appears the after-effects of the cuts finally impacted prices, mainly due to stockpiling buyers. That said, most steel parts of the index dropped or moved sideways. The UAW strike primarily impacted these sectors, causing lower steel demand, fewer steel scrap supplies, and price hikes from Cleveland Cliffs.  As the EV movement expands and batteries and new tech metals grow in demand, the battery market faces its fair share of challenges. Indeed, diversifying supply chains remains one issue."

Meanwhile, Democrats are mandating our dependency on China. 


Fox News (10/17/23) reports: "Democrat New Mexico Gov. Michelle Lujan Grisham issued an executive order Monday requiring every state government agency to transition to an entirely electric vehicle fleet by 2035.  Lujan Grisham – who made the announcement during remarks at the state Department of Transportation's Symposium on the Future of Transportation in New Mexico – added that her government would pursue a plan to bolster electric vehicle (EV) tax credits in an effort to boost affordability. The executive order to force state agencies to adopt carbon-free vehicle fleets comes as Lujan Grisham continues pushing EV mandates statewide...  The federal government has issued restrictive tailpipe emissions regulations and fuel economy rules that experts say will drive the price of traditional gas-powered cars higher in coming years. And in 2022, the Environmental Protection Agency reinstated California’s authority under the Clean Air Act to implement its own emission standards, which resulted in the state issuing a 2035 EV mandate, a move that several states have mirrored.  Last month, the U.S. House of Representatives passed a bill in a bipartisan 222-190 vote to strike down the federal waiver granted to California."

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: ↑ $90.60
Natural Gas: ↓ $2.95
Gasoline: ↓ $3.56
Diesel: ↑ $4.48
Heating Oil: ↑ $321.34
Brent Crude Oil: ↑ $93.52
US Rig Count: ↑ 675

 
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