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DAILY ENERGY NEWS | 11/06/2023
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** A tax is a tax is a tax. Doesn't matter what you call it. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "A rapid, forced transition to undependable power sources like wind and solar will bring on more blackouts."
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– Mark Tisdel, Michigan State Representative ([link removed])

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Words not deeds.

** Washington Times ([link removed])
(11/5/23) reports: "Last week, Senate Majority Leader Charles E. Schumer and 22 other Senate Democrats sent a letter to Federal Trade Commission Chairwoman Lina Khan demanding to know why oil and gas companies were still in business and why the Biden administration had not arrested the CEOs and sent the workers to reeducation camps. Just kidding. They actually sent a letter to the FTC expressing concern that a couple of mergers might cut into the Democrats’ monopoly on making oil and gasoline prices higher. The truth is that Democrats, particularly those in the Biden administration, are directly responsible for the run-up in oil and gas prices in the last three years. The American Energy Alliance has listed over 175 policies and actions taken by this administration and its pals in Congress that have reduced production and increased the prices of oil and natural gas in these United States. Keep in mind, these are the very people who plan to require you to buy an electric car or truck and who
keep telling us that soon — in the next 10 years or so — the only kind of automobile you will be able to buy will be an electric one, because EVs are the wave of the future...You can’t have it both ways, even if you are a United States senator. You can’t attack an industry and root for its extinction, while demanding that it consistently and affordably produce a resource that is essential to everyone and everything."

They think you're stupid.

** ([link removed])

Politicizing America's power grid is a dangerous game with stakes higher than Bloomberg appears to understand.

** Epoch Times ([link removed])
(11/5/23) reports: "Billionaire philanthropist and former New York Mayor Michael Bloomberg pledged $500 million in September toward shifting electricity production in the United States to wind and solar energy and shutting down its coal- and gas-fired plants. However, some experts say that Bloomberg’s millions, together with the billions being spent by the Biden administration, are paving a road to ruin. The donation from Bloomberg Philanthropies, which adds to the $500 million Mr. Bloomberg pledged in 2019, aims to 'finish the job on coal' and 'accelerate the clean energy transition to reach the goal of 80 percent of total electricity generation' from renewables, according to an official statement...Testifying before the U.S. Senate in 2015, former CIA Director James Woolsey was asked what would happen to Americans if the electric grid went down for an extended period. 'There are essentially two estimates on how many people would die from hunger, from starvation, from lack of water, and
from social disruption,' he said. 'One estimate is that within a year or so, two-thirds of the United States population would die. The other estimate is that within a year or so, 90 percent of the U.S. population would die.' Despite that risk, government policies are pushing utilities to move faster to shut down coal and gas plants."

Energy Markets


WTI Crude Oil: ↑ $81.87
Natural Gas: ↓ $3.28
Gasoline: ↓ $3.41

Diesel: ↓ $4.40
Heating Oil: ↑ $295.51
Brent Crude Oil: ↑ $86.11
** US Rig Count ([link removed])
: ↑ 700



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