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DAILY ENERGY NEWS | 12/29/2023
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** The reports of gasoline's death have been greatly exaggerated.
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Bloomberg ([link removed]) (12/28/23) column: "After fueling the 20th century automobile culture that reshaped cities and defined modern travel, gasoline was supposed to begin its long goodbye this year. It didn’t. Sure, Tesla Inc. and its rivals sold more electric vehicles in 2023 than ever before, reducing fossil fuel demand. In the moneyed suburbs of London, New York and Beijing, EV cars are a common sight. From that narrow perspective, it looks like the world has already started 'transitioning away from fossil fuels,' as agreed at the recent COP28 climate talks. But it’s a mirage. Even as EV sales increased, the global oil industry sold more gasoline than ever this year, surpassing the previous 2019 peak that the International Energy Agency had expected would remain an unassailable all-time high. Outside wealthy
neighborhoods, the internal combustion engine still reigns supreme; in middle- and working-class areas, the energy transition remains a distant prospect...Still, gasoline demand benefits from a strong force: the world is becoming richer. In 2023, there were about 1.1 billion passenger cars in use, up from about 850 million a decade earlier. Even if a growing percentage of those cars is battery-powered, the absolute number of gasoline-fueled cars has increased. It’s a trend that will take decades, rather than years, to reverse. Until then, gasoline remains king — whatever the forecasts say."
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** "It would be a much better approach if the federal government, and state governments as well, let this 'transition' happen organically. When gasoline-powered vehicles were in the early stages of development, the government did not intervene and nudge people to switch from horses to automobiles."
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–Christopher Talgo, Heartland Institute ([link removed])

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Reality can be disenchanting.

** Errors of Enchantment ([link removed])
(12/27/23) reports: "Perhaps you missed it in all of the pre-Christmas shuffle and other news, but New Mexico’s Land Office recently announced its revenues for FY 2023 and, despite Commissioner Garcia-Richard’s general skepticism of oil and gas and support for so-called “renewables,” the Land Office generated a record-breaking $2.75 billion in revenues for the year with $2.66 billion of that total coming from the oil and gas industry. Wind and solar provided a combined $4.4 million to the Land Office or 0.16% of the total. Whatever you think of the so-called 'energy transition,' New Mexico is going to be MUCH poorer IF it happens. We gave her a hard time about her to-say-the-least 'aspirational' logo (below) a few years back."

Is your local fire department equipped to handle this kind of emergency?

** ([link removed])

On the one hand Big Green, Inc. wants you to eat bugs and live in a pod. On the other hand they don't think you should be able to afford bugs or a pod.

** Daily Caller ([link removed])
(12/27/23) reports: "New York City is moving forward with several climate policies which are likely to make everyday life even more costly for the middle class in one of the country’s most expensive cities. The city is aiming to slash its greenhouse gas emissions by 80% come 2050, push a sweeping building electrification mandate known as Local Law 97 and impose an automobile traffic congestion fee, each of which will increase the costs of living or working in the nation’s largest city, especially for the middle class, energy and New York policy experts told the Daily Caller News Foundation. Queens, Brooklyn and Manhattan each already rank within the 15 most expensive places to live in the U.S., according to an analysis conducted by CNBC. 'The city is wealthy because, somewhere out there, people are producing energy, food, clothing and so on, and people are trading all of that in New York'” Dan Kish, a senior fellow for the Institute for Energy Research, told the DCNF. The city’s emissions
target 'will make things more expensive and drive people away to places like Florida,' he added. That flight of capital would shrink the tax base, thereby straining the city’s finances further, Kish told the DCNF. 'People without the means, working people, do not have the opportunity to just pack up and leave,' Kish told the DCNF. 'But it’s easy if you’re Mike Bloomberg.' Local Law 97, meanwhile, is poised to impose emissions standards that approximately 50,000 buildings in New York City will have to meet starting in 2024, with additional restrictions imposed starting in 2030, according to The New York Times."

If you oppose the Cassidy Carbon Tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America
Jon Sanders, John Locke Foundation

Energy Markets


WTI Crude Oil: ↑ $72.22
Natural Gas: ↓ $2.51
Gasoline: ↓ $3.12

Diesel: ↓ $4.01
Heating Oil: ↓ $254.75
Brent Crude Oil: ↑ $77.61
** US Rig Count ([link removed])
: ↓ 637



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