View this email in your browser ([link removed])
DAILY ENERGY NEWS | 10/27/2023
Subscribe Now ([link removed])


** House Speaker Mike Johnson's first bill cuts Biden's climate change funding. The media is aghast. Never mind the fact that the bill was written months ago...
------------------------------------------------------------
The Hill ([link removed]) (10/26/23) reports: "House Republicans on Thursday passed a sprawling partisan energy plan, the first funding bill approved on the floor since the lower chamber ousted its Speaker more than three weeks ago... The bill cuts more than $5 billion in spending that was passed as part of Democrats’ signature climate, tax and health care bill — which was approved without GOP support last year."
[link removed]
[link removed]


** "Think about all the climate efforts at work, the solar and wind parks popping up like mushrooms on a damp autumn day; all the people becoming ESG consultants, green investors, wind turbine engineers, and on. And on. And on. And all you’ve got to show for it is a reduction in the energy ratio from 86 percent to 82 percent over thirty years."
------------------------------------------------------------


–J ([link removed]) oakim Book, AIER ([link removed])

============================================================

The way of the future...

** Business Insider ([link removed])
(10/27/23) reports: "With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term. Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk. Among those hand-wringing is GM's Mary Barra, historically one of the automotive industry's most bullish CEOs on the future of electric vehicles. GM has been an early-mover in the electric car market, selling the Chevrolet Bolt for seven years and making bold claims about a fully electric future for the company long before its competitors got on board. But this week on GM's third-quarter earnings call, Barra and GM struck a more sober tone. The company announced with its quarterly results that it's abandoning its targets to build 100,000 EVs in the second half
of this year and another 400,000 by the first six months of 2024. GM doesn't know when it will hit those targets."

Honda and GM scrap $5 billion EV partnership.

** Reuters ([link removed])
(10/25/23) reports: "Honda Motor and General Motors (GM) are scrapping a plan to jointly develop affordable electric vehicles (EVs), the companies said on Wednesday, just a year after they agreed to work together in a $5 billion effort to try to beat Tesla in sales. The decision underscores GM's strategic shift to slow the launch of several EV models to focus on profitability, as it grapples with the rising cost of United Auto Workers strikes, which surged to $200 million a week this month."

Mercedes-Benz shares fall nearly 6 percent on 'brutal' EV pricing.

** CNBC ([link removed])
(10/26/23) reports: "Mercedes-Benz shares were lower Thursday after the German carmaker reported a decline in profit and revenue as challenges from electrical vehicle competition to supply chains. Frankfurt-listed shares provisionally closed down 5.7%, putting the stock on course for its worst day since May 4, according to LSEG data. The company said it had faced a 'subdued market environment marked by intense price competition,' particularly in EVs."

If you oppose a carbon tax, PROVE IT and ** contact us. (mailto:[email protected])

** ([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: ↑ $84.10
Natural Gas: ↑ $3.32
Gasoline: ↓ $3.52

Diesel: ↓ $4.50
Heating Oil: ↓ $301.34
Brent Crude Oil: ↑ $88.79
** US Rig Count ([link removed])
: ↓ 655



** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 525 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])