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DAILY ENERGY NEWS | 12/11/2023
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** Turns out 2023 wasn't so great for our all-electric future.
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Reuters ([link removed]) (12/11/23) reports: "This was the year the auto industry's race toward an all-electric future took a detour... As the year closes, legacy automakers as well as Tesla, Rivian and other EV startups are throttling back investments and reworking product strategies. Legacy automakers are appealing to policymakers for more help to offset the high costs of the EV transition, on top of billions of dollars already pumped into EV subsidies. Consumer demand for EVs is growing worldwide. But EV adoption is not happening as fast or as profitably as industry executives anticipated, especially in the United States. High interest rates have pushed many EVs out of reach for middle-income consumers. Lack of charging infrastructure is a deal-breaker for buyers used to adding hundreds of miles of gasoline driving range in just a few minutes."

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** "And, while energy transitionists vilify natural gas and vigorously oppose expansion of U.S. exports of LNG (liquified natural gas), the U.S. already saw a 1 gigaton per year reduction in emissions over the past decade, without massive subsidies or imports. That happened because of the domestic shale revolution that collapsed the cost of natural gas making it cheaper than coal."
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– Mark Mills, Manhattan Institute ([link removed])

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Another week, another scathing article from Consumer Reports about EVs.

** Consumer Reports ([link removed])
(12/6/23) reports: "The EPA’s EV range estimates listed on window stickers and at fueleconomy.gov do not indicate separate city and highway ranges, as they do with conventional cars and hybrids. To find out how much range EV models actually get in highway driving conditions, CR put 22 of the most popular new EVs through a new highway-speed range test, driving fully-charged vehicles at a steady speed of 70 mph and only stopping when each vehicle’s battery was completely depleted and the vehicle was inoperable. The results show that the EPA estimate doesn’t always accurately reflect the range that drivers can expect in highway driving, where every mile matters. Of the 22 EVs tested by CR so far, nearly half fall short of their EPA-estimated ranges when driven at highway speeds. CR’s engineers found the biggest difference in range with the Ford F-150 Lightning pickup truck: Its battery ran out after just 270 miles—a 50-mile difference from the EPA estimate."

Because scamming taxpayers once wasn't enough.

** Fox News ([link removed])
(12/8/23) reports: "Republican leaders in the House and Senate are probing the Department of Energy (DOE) over its recent $3 billion award to a solar energy company that has been accused of scamming vulnerable customers. In a letter to DOE Loan Programs Office Director Jigar Shah, the Republicans — House Energy and Commerce Chair Cathy McMorris Rodgers, R-Wash., and Senate Energy and Natural Resources Ranking Member John Barrasso, R-Wyo.— expressed concern about rewarding the Houston-based Sunnova Energy Corporation. They cited reports highlighting how Sunnova has previously scammed and misled consumers. Earlier this year, for example, the Better Business Bureau issued an alert for Sunnova and assigned it an 'F rating' over its pattern of 'deceptive sales practices,' poor customer service and repair technicians not arriving on schedule. And consumers reported that their issues were only resolved by Sunnova after filing a complaint with the Better Business Bureau."

Stellantis is cutting SUV production. Don't let California bureaucrats determine what type of car you can buy. Join the ** Save Our Cars ([link removed])
Coalition.

** Autoblog ([link removed])
(12/7/23) reports: "Chrysler parent Stellantis said on Thursday it will temporarily cut one shift at its Detroit assembly plant that builds Jeep sport utility vehicles, citing California emissions regulations. The automaker, which employs 4,600 at the plant that builds versions of the Grand Cherokee SUV, said it will drop to two shifts from three shifts at its Detroit Assembly Mack plant and reduce production by an unspecified amount. The move, it said, was 'in part because of the need to manage sales of the vehicles they produce to comply with California emissions regulations that are measured on a state-by-state basis.'"

Energy Markets


WTI Crude Oil: ↓ $71.09
Natural Gas: ↓ $2.32
Gasoline: ↓ $3.15

Diesel: ↓ $4.10
Heating Oil: ↑ $260.60
Brent Crude Oil: ↓ $75.78
** US Rig Count ([link removed])
: ↓ 673



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