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DAILY ENERGY NEWS | 11/28/2023
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** First they came for my gas stove, then my car, and now they want to take my ribeye. I'm starting to think these meetings are about something other than the climate. 🤔
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Bloomberg ([link removed]) (11/25/23) reports: "The world’s most-developed nations will be told to curb their excessive appetite for meat as part of the first comprehensive plan to bring the global agrifood industry into line with the Paris climate agreement. The global food systems’ road map to 1.5C is expected to be published by the United Nations’ Food & Agriculture Organization during the COP28 summit next month. Nations that over-consume meat will be advised to limit their intake, while developing countries — where under-consumption of meat adds to a prevalent nutrition challenge — will need to improve their livestock farming, according to the FAO. From farm to fork, food systems account for about a third of global greenhouse gas emissions and much of that
footprint is linked to livestock farming — a major source of methane, deforestation and biodiversity loss. Although non-binding, the FAO’s plan is expected to inform policy and investment decisions and give a push to the food industry’s climate transition which has lagged other sectors in commitments. The guidance on meat is intended to send a clear message to governments. But politicians in richer nations typically shy away from policies aimed at influencing consumer behavior, especially where it involves cutting consumption of everyday items."
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** "Regardless of one’s opinion about whether, or why, an energy 'transformation' is called for, the physics and economics of energy combined with scale realities make it clear that there is no possibility of anything resembling a radically 'new energy economy' in the foreseeable future. "
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– Mark P. Mills, FEE ([link removed])

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All the green fantasies in the world can't change the law of supply and demand.


** Epoch Times ( ([link removed])
11/27/23) reports: "Since Texas weathered its second-hottest summer on record and faced unprecedented demands on its power grid, the future of energy supply and use in the state—and across the country—has become the subject of national discussion. Air conditioners were in constant use in Texas over the summer as average temperatures reached 85.3 degrees between June and August and didn't dip below 100 degrees for weeks on end in some cities...On Aug. 20, ERCOT hit a milestone: an all-time weekend peak demand record of 84,805 megawatts (MW), according to Alexander Stevens, manager of policy and communications at the Institute for Energy Research, a Washington-based nonprofit agency. Mr. Stevens compared that figure to the August 2022 peak demand of 78,485 MW. Even that Aug. 20 weekend peak demand wasn't as high as the demand on individual days this past summer. On Aug. 10, ERCOT grappled with 85,435 MW of demand and hit 81,674 MW on Sept. 5. Mr. Stevens attributes the records partly to
population growth, noting that from 2000 to 2022, Texas received an influx of 9,085,073 new residents, a record among states and 3 million more than the runner-up, Florida. The retreat of excruciatingly hot weather over the autumn doesn't mean that the Lone Star State is out of trouble. With winter approaching and posing its own set of challenges, ERCOT last month began soliciting bids from power providers in the hope of ramping up its reserves by at least 3,000 MW."

Al "Jazeera" Gore knows a thing or two about exploiting the climate stage...

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What is so radical about getting energy out of the government's hands and giving it back to the people? Milei is the new Evita!

** Rigzone ([link removed])
(11/28/23) reports: "Dominika Rzechorzek, a senior oil and gas analyst at BMI, a Fitch Solutions company, told Rigzone that BMI recognizes 'upside risks' to its long-term crude oil and natural gas production forecast under Argentine President-elect Javier Milei, 'as his pro-business agenda is set to raise attractiveness of Argentina’s upstream sector and spur investment.' During the presidential campaign, Milei was vocal about planned reforms, including efforts to lift capital and currency controls, which continue to be the key challenge for upstream companies operating in Argentina,' Rzechorzek said...Alex Stevens, Manager of Policy and Communications at the Institute for Energy Research, told Rigzone that Milei 'has promised to unshackle Argentina’s energy industry from state control and red tape.' 'Argentina has the fourth-largest reserves of shale oil and the second-largest reserves of shale gas worldwide,' Stevens said. 'Given his economic background, my guess is that Milei probably
also understands the importance of extending property rights to the subsurface for mineral rights,' he added. 'When you combine all these factors, if Javier Milei is successful in privatizing the state-run energy companies YPF and Enarsa, then we will likely see a lot more production of oil and gas from Argentina in the future,' Stevens went on to state."
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Energy Markets


WTI Crude Oil: ↑ $76.75
Natural Gas: ↑ $2.79
Gasoline: ↑ $3.24

Diesel: ↑ $4.23
Heating Oil: ↑ $291.62
Brent Crude Oil: ↑ $81.93
** US Rig Count ([link removed])
: ↓ 673



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