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DAILY ENERGY NEWS | 12/07/2023
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** You don't have to be smart as a whip to know Americans are fed up with heavy handed auto-mandates. The CARS Act is a great step on the road to Saving Our Cars. ([link removed])
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Washington Times ([link removed]) (12/6/23) reports: "The House passed legislation Wednesday that would block a proposed Biden administration rule to phase out the sales of new gas-powered cars to fight climate change. The GOP-controlled chamber voted 221-197. While the bill will not advance in the Democratic-led Senate, its passage marked the latest example of some moderate Democrats joining Republicans to combat President Biden’s green energy policies. 'Not only does this mandate display breathtaking government overreach into the auto industry, it’s also unaffordable, unattainable and unrealistic for American consumers,' said Rep. Tim Walberg, Michigan Republican and author of the bill dubbed the CARS Act...Thomas Pyle, president of American Energy Alliance and a founder of Save Our Cars Coalition, argued that using regulations — rather than Congress — 'to pick winners and losers in Washington is an abuse
of the law and will do little more than raise costs and reduce our choice in vehicles.' Automakers and dealerships have warned the administration that the proposed timetable for phasing out gas cars is unrealistic because of several factors outside their control, such as the limited nationwide availability of EV chargers, access to critical minerals and consumers’ hesitancy to go green."
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** "Politicians who promote green energy and their own short-term self-interests may prefer to ignore basic economic realities, but those economic realities will have their revenge. Eventually, the profligate spending on low-value green energy will collapse under its economic weight, having inflicted much socioeconomic damage."
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– Jonathan Lesser, Manhattan Institute ([link removed])

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First they cut off the heat; then they cut off the AC. Somewhere in between they outlaw cars and make us eat bugs.

** Reuters ([link removed])
(12/5/23) reports: "The United States, Canada and Kenya were among 63 countries to join a pledge on Tuesday to deeply cut cooling-related emissions at the United Nations climate summit in Dubai. The Global Cooling Pledge marks the world's first collective focus on climate-warming emissions from cooling, which includes refrigeration for food and medicine and air conditioning. It commits countries to reduce by 2050 their cooling-related emissions by at least 68% compared to 2022 levels, along with a suite of other targets including establishing minimum energy performance standards by 2030. 'We want to lay out a pathway to reduce cooling-related emissions across all sectors but increase access to sustainable cooling,' U.S. climate envoy John Kerry told COP28. Some 1.2 billion people who need cooling still lack access. Installed capacity is set to triple by mid-century, driven by climbing temperatures, growing populations and rising incomes...'The aspiration of everyone as temperatures rise and
incomes rise is that their wealth is measured by their cooling.' But all those extra ACs double down on the climate crisis, with cooling emissions expected to reach between 4.4 billion and 6.1 billion metric tons of carbon dioxide equivalent by 2050, according to a report by a United Nations Environment Programme (UNEP) coalition, which also developed the pledge alongside the COP28 UAE presidency...'I don't think it's a good idea to allow these individual plug-ins anymore,' he said. Reuters was first to report U.S. support for the cooling pledge, which suggests there could be a process to construct more regulations or incentives for the industry in the United States."

It is shocking that even California figured out that net metering was a subsidy for the rich.

** PV Mag ([link removed])
(12/1/23) reports: "California, once a leader in residential solar, is feeling the effects from unpopular policy changes like the introduction of Net Energy Metering (NEM) 3.0 and more recent market rate cuts for rooftop solar generation by renters, schools, and farms. The two policy changes cut compensation rates for exporting local, clean solar generation to the grid by about 75%. State regulators said the change facilitating was a necessary evolution in the grid, but opponents argued that the move was a thinly veiled move to protect the profits of major utilities. 'We are launching the solar and storage industry into the future so that it can support the modern grid. The new tariff promotes solar systems and battery storage with a focus on equity,' said the California Public Utilities Commission (CPUC) upon passing NEM 3.0. 'The CPUC’s final proposal is a loser for California on many levels. For the solar industry, it will result in business closures and the loss of green jobs. For
middle class and working-class neighborhoods where solar is growing fastest, it puts clean energy further out of reach,' said the California Solar and Storage Association (CALSSA). Which prediction came true? Unsurprisingly, gutting the return on investment for solar for homeowners, renters and small businesses in California did not encourage installations. "

There's still time to right the ship and ** Save Our Cars ([link removed])
, but the clock is ticking...

** Detroit News ([link removed])
(12/6/23) reports: "The CEO of the maker of Chrysler, Dodge, Jeep, Ram and other vehicles said on Wednesday he expects before the end of the decade that automakers could start to drop out of the market because of the electrification transition. The competitors in the best position to survive that, Stellantis NV's Carlos Tavares contends, are the legacy companies whose gas- and diesel-powered vehicles are charging that move to electric vehicles and other alternative fuel technologies. Tavares frequently has dubbed this era as 'Darwinian' where only the fittest will survive, driving Stellantis' efforts to reduce costs and lower its breakeven point...Two events next year are driving that unstable outlook: the U.S. presidential election and the European parliament election, Tavares said. The results could have substantial implications for how quickly consumers adopt EVs. The Biden administration has proposed ambitious fuel-economy standards that would nearly halve fleet fuel consumption by
2035. If former President Donald Trump or another Republican candidate wins, though, those targets could be rolled back."

Energy Markets


WTI Crude Oil: ↑ $70.07
Natural Gas: ↓ $2.51
Gasoline: ↓ $3.20

Diesel: ↓ $4.16
Heating Oil: ↑ $260.67
Brent Crude Oil: ↑ $75.06
** US Rig Count ([link removed])
: ↓ 665



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