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DAILY ENERGY NEWS | 12/06/2023
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** I hope our Special Envoy attended this session. "It's the only choice" for people like him.
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Daily Caller ([link removed]) (12/5/23) reports: "The United Nations (UN) climate summit, known as COP28, featured a Tuesday discussion on sustainable yachting. The discussion centered on finding 'a variety of technical solutions developed to make the yachting experience more responsible and sustainable,' according to its official COP28 website. The event, titled 'Responsible Yachting. Today & Tomorrow,' was moderated by Nico Rosberg, a yacht-owning former race car driver, and organized by Sunreef Yacht, a company that builds custom yachts and luxury vessels. The discussion also included 'a conversation about electric, hybrid and hydrogen propulsion, battery technology, plant-based composites, bottom paints, modern photovoltaics, sustainable interior finishing, water management, energy management (and) air conditioning,' according to the event’s COP28 website...'It just goes to show you that, at a time when these
people are talking about telling poor countries to switch over to renewable energy, and people are starving, we also have folks driving the climate movement hosting ‘environmentally-friendly yachting’ panels,' Dan Kish, a senior research fellow for the Institute for Energy Research, told the Daily Caller News Foundation. 'It’s absolutely classic… they tell everyone else to sacrifice while they host discussions on ‘sustainable yachting’ among themselves.'"
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** "It’s sensible for those who are concerned about their ability to choose where and when they travel, what they eat, and when they turn on their heaters and air conditioners to be skeptical of every single attempt to accrue more power by state and federal governments. That skepticism should turn into activism against these power grabs"
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– Levi Russell , University of Kansas School of Business ([link removed])

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This is perhaps one of the most ridiculous articles ever written about climate change. And there have been some doozies.

** The Atlantic ([link removed])
(12/5/23) article: "The Belgian empire invaded the Congo rainforest during the late 19th century and swiftly established itself as the cruelest imperial force in Africa. The Congo is the world’s second-largest rainforest behind the Amazon, and King Leopold II treated it like a personal loot box. To strip away and sell its resources, he enslaved the Indigenous population, destroying much of the region’s preexisting culture and politics from the family unit on upward. The penalty for failing to meet his rubber quotas was amputation. Millions died during his extractive reign, and ever since, the rainforest has rarely known peace...For more than 50 years now, satellites have whirled around the Earth many times a day, monitoring the health and extent of tropical rainforests. Almost all of the largest forests—in the Amazon basin, mainland Southeast Asia, and the islands in and around Indonesia—have lost very significant portions of their tree cover. In the Amazon alone, enormous stretches have
been burned down and replaced with industrial-scale fields of corn and soy since 1985. Their yields feed the tens of billions of chickens, pigs, and cows in factory farms, which perversely mirror the rainforest in the density of their biomass production. The Congo has been a notable exception to this extreme deforesting trend—but that’s partly because the rainforest has played host to one of the bloodiest sustained conflicts since the Second World War."

Missed Tom on The Unregulated Podcast last week? Get your fill on the latest episode of Prosperity 101, now streaming on all major platforms.

** ([link removed])

There will be a sea of Solyndras on the way to Biden's EV future. Taxpayers will be on the hook for each one.

** Just The News ([link removed])
(12/5/23) reports: "Across the country, towns and cities of various sizes envisioned an electrified public transit system that could shuttle residents with vehicles that produced no carbon-filled exhaust. Many of those communities purchased buses from Silicon Valley-based Proterra, which was able to produce 550 buses over its 19-year existence before it went bankrupt in August. The company announced last month it had concluded auctions as part of its Chapter 11 bankruptcy process, and in the wake of its collapse public transit systems tell Just The News they have inoperable buses that can’t be repaired because the company is slow to supply parts to fix them...In April 2021, President Joe Biden took a virtual tour of a Proterra facility, using it to promote his infrastructure plan, which included approximately $6.5 billion in grants, according to the Wall Street Journal, to help replace diesel-powered school and transit buses with electric vehicles. 'The fact is, you’re making me look good,'
the president said. The giveaways were in addition to $40,000 per vehicle in tax credits from the Inflation Reduction Act (IRA) for purchasing electric commercial vehicles. Proterra also benefited from tax credits for its battery manufacturing. Jennifer Granholm, Biden’s energy secretary, had served on the company’s board. In May 2021, before assuming the lead at the Department of Energy, Granholm sold all her Proterra holdings, providing her with net capital gains of $1.6 million."

Energy Markets


WTI Crude Oil: ↓ $70.46
Natural Gas: ↓ $2.70
Gasoline: ↓ $3.21

Diesel: ↓ $4.17
Heating Oil: ↓ $257.94
Brent Crude Oil: ↓ $75.44
** US Rig Count ([link removed])
: ↓ 665



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