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DAILY ENERGY NEWS  | 11/02/2023
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No one is above the law, unless it's a climate emergency...


Daily Caller (11/1/23) reports: "The Biden administration has found ways to appoint several officials to influential posts within the government after the Senate denied their confirmations earlier in President Joe Biden’s first term. The Senate failed to confirm Laura Daniel-Davis, Ann Carlson, Jeff Marootian and Neera Tanden, with Republicans generally citing their partisanship or radicalism, but the White House has found influential positions for them to assume within the government anyways. The administration has found ways to shoehorn these individuals into their current posts across the government by appointing Daniel-Davis and Carlson on an acting basis, while sticking Marootian and Tanden in positions that do not require a formal Senate confirmation process...Ann Carlson, formerly a professor at the University of California, Los Angeles, serves as the acting administrator of the National Highway Traffic Safety Administration (NHTSA). She has served in the post on an acting basis since September 2022, and Senate Republicans tanked her formal nomination for the agency’s top job in May 2023, primarily pointing to her past comments about utilizing higher energy costs as a launching pad for the green energy transition. However, Biden has kept her in place despite the rejection and withdrawal of her nomination, thereby circumventing Senate approval. Under Carlson’s leadership, the agency unveiled a proposed update to the Corporate Average Fuel Efficiency (CAFE) standards in July which would impose stiff fines on auto manufacturers that fail to comply with NHTSA’s future fuel economy standards. The proposal amounts to a de facto electric vehicle mandate, Dan Kish, a senior fellow for the Institute for Energy Research, told the DCNF at the time."

"Individuals such as Bloomberg seemingly 'wanna have total control.' It's overdue for us to stand against their attempts to erode our freedoms and harm our country's economic foundation to satisfy their inflated egos." 

 

– Tucker Davis,
Kentucky Coal Association

The answer, my friend AIN'T blowin' in the wind...."   


E&E News (11/2/23) reports: "The Biden administration is facing increasing pressure to take action to bolster the offshore wind industry after a major project was canceled in New Jersey on Tuesday, although options appear limited to ease financial hurdles facing developers. So far, the administration is reiterating that the industry will continue to grow and that President Joe Biden’s goals for 30 gigawatts of offshore wind by 2030 will be achieved, even as many states and analysts say otherwise. 'Biden’s offshore wind goals look impossible at this point of time,' said Chelsea Jean-Michel, a wind analyst with BloombergNEF, a research and analysis firm. Governors and lawmakers are urging the White House to ensure wind companies can take advantage of several tax benefits and to speed up permitting so projects are less at risk from sudden economic blows. Challenges for offshore wind have been building for months because of inflation and supply chain shortages."

Big Green put up so many roadblocks for development Big Wind got caught by friendly fire.


Reuters (11/1/23) reports: "BP's renewables boss said on Wednesday the U.S. offshore wind industry is 'fundamentally broken' as BP and its partner Equinor (EQNR.OL) study options to develop huge projects off the coast of New York after writing down $840 million of their value. The offshore wind industry, one of the fastest growing energy sectors, has recently suffered a string of major setbacks due to equipment reliability issues, supply chain problems and sharp cost increases. Orsted, the world's largest offshore wind developer, on Wednesday flagged writedowns of up to $5.6 billion after halting the development of U.S. offshore wind projects. Anja-Isabel Dotzenrath, BP's head of gas and low carbon, said that problems in the United States included permitting, the time lag between signing power purchase agreements and projects being built and a lack of inflationary adjustment mechanisms.  'Ultimately, offshore wind in the U.S. is fundamentally broken,' Dotzenrath told an FT Energy Transition conference in London. 'There is a fundamental reset needed in the speed of permitting, security of permitting, etc...'"

Serious guys for serious legislative action.


Axios (11/2/23) reports: "Speaker Mike Johnson has hired Dan Ziegler to be his policy director, Ziegler confirmed to Axios. Why it matters: Ziegler has deep ties to the House GOP conference and has lobbied Congress on a huge slate of policy issues in recent years. Zoom in: Ziegler staffed the Republican Study Committee when Johnson was the chair. He later moved to Williams and Jensen, where he had just recently registered to lobby on behalf of Ford Motor. His other clients have included pharmaceutical and financial companies, as well as Bloom Energy, a fuel cell company. Ziegler also did a stint at Interior during the Bush administration before becoming legislative director for Rep. Doug Lamborn. He's lobbied for Heritage Action For America and worked briefly for the American Energy Alliance."

Energy Markets

 
WTI Crude Oil: ↑ $81.53    
Natural Gas: ↓ $3.43
Gasoline: ↑ $3.44
Diesel: ↓ $4.43
Heating Oil: ↑ $300.79
Brent Crude Oil: ↑ $85.75
US Rig Count: ↑ 681

 

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