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DAILY ENERGY NEWS | 01/05/2024
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** Green policies only "work" when the economy tanks. Ladies and gentlemen, that is a feature, not a bug.
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The Hill ([link removed]) (1/4/24) reports: "German carbon emissions fell to a seven-decade low as Europe’s biggest economy scaled back coal production, according to a report released by think tank Agora Energiewende. The report projected emissions in 2023 at 673 million tons, down 73 million metric tons from 2022 and about 46 percent below 1990 levels. The figure is the lowest output for Germany since the 1950s, according to the think tank...However, the report also determined the majority of the cuts are not the result of long-term renewable energy buildouts that will result in permanent reductions. About 15 percent represents such permanent cuts, compared to about 50 percent from short-term impacts, like reduced electricity prices...'2023 was a two-speed year as far as climate protection in Germany is concerned: the energy sector notched up a climate policy success with its record
level of new renewable power, taking us closer to the 2030 target. However, we don’t consider the emissions reductions seen in the industrial sector to be sustainable. The drop in production due to the energy crisis weakens Germany’s industrial base,' Simon Müller, director of Agora Energiewende Germany, said in a statement. Moving those emissions abroad, Müller added, will not result in any net benefit to the climate."
[link removed]


** "Roughly 1 in 6 American households are behind on their utility bills. Costly so-called 'Bidenomics' combined with this admin's attacks on U.S. energy production are forcing millions of families to decide between affording groceries and heating their homes."
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– Senator Markwayne Mullin (R-OK) ([link removed] 1 in 6 American households are behind on their utility bills. Costly so-called "Bidenomics" combined with this admin's attacks on U.S. energy production are forcing millions of families to decide between affording groceries and heating their homes.)

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** World Oil ([link removed])
(12/30/23) reports: "After 22 days of confusion, acrimony, and repeated failed nominees, Republicans in the U.S. House of Representatives elected Rep. Mike Johnson (R-La., Fig. 1) as Speaker of the House on Oct. 25, 2023. They had earlier voted out as Speaker, Rep. Kevin McCarthy (R-Calif.), so Johnson is now second in line in Presidential succession...However, little attention has been given to the fact that Johnson is a global warming skeptic and the most pro-oil-and-gas Speaker, ever. He has a solid record of supporting fossil fuels and oil and gas exploration and has the backing of energy groups. Not coincidentally, Johnson has received more money from oil and gas than any other industry. Johnson, whose district includes the one-time oil industry hub of Shreveport, La., received a 100% rating from the pro-fossil fuel American Energy Alliance in 2022, whereas he has a lifetime score of 2% from the League of Conservation Voters (LCV). The Energy Workforce & Technology Council stated,
'From our perspective, Speaker Johnson has been an ally to the oil and gas industry and could play a major role in changing the narrative surrounding the vilification of the industry.' The Independent Petroleum Association of America stated that it looks forward to working with the new speaker “on the issues that impact independent oil and natural gas producers across the country... In leading the House, Johnson will prioritize domestic U.S. energy production. He recognizes that fossil fuels are critical to U.S. energy needs and exports, and advocates that fossil fuel production be accelerated, rather than scaled back. Speaker Johnson has been an ally to the oil and gas industry and could play a major role in changing the narrative surrounding the widespread denigration of fossil fuel industries.”

The issue is simple — EVs are not a one-to-one replacement for gas powered vehicles. People who claim otherwise are either dishonest or not-to-bright.

** Business Insider ([link removed])
(1/3/24) reports: "Electric vehicles were supposed to be inevitable. Two years ago President Joe Biden climbed behind the wheel of a beefy white electric Hummer to tout his plan to make half of all new cars sold electric by 2030. The following year Congress passed the Inflation Reduction Act, which created a bevy of incentives for drivers to buy electric and for automakers to invest in EVs. That set off a flurry of new projects: EV plants, battery-manufacturing facilities, and mining operations began popping up. By the end of 2022 the situation looked promising: More and more Americans were going electric, and soon everyone would be driving an EV, reducing emissions in the process...The mission to replace gas cars with EVs has led to a series of major miscalculations, one of which has to do with the sheer size of the new electric vehicles being put on the road. Over the past few decades the American auto industry has become obsessed with huge vehicles. The reasons for the size inflation
range from profit margins to distorted government fuel standards, but the proliferation of bigger vehicles created a doom loop of consumer preference: Drivers saw the vehicles around them getting bigger, so they wanted bigger cars to make themselves feel safer. Automakers argued that this was proof that people wanted only big cars, so they cut small models and made existing vehicles bigger, which made people with smaller cars feel less safe — you get the picture. Meanwhile, road deaths and injuries soared, while the larger, less efficient vehicles wiped out environmental benefits from higher emissions standards."

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** Bloomberg ([link removed](Bloomberg)%20%2D%2D%20General%20Motors%20Co,its%20target%20by%20a%20mile.)
(1/3/24) reports: "General Motors Co. had a goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack. The company missed its target by a mile. The automaker sold 75,000 EVs in 2023, with most of them being the Chevrolet Bolt compact and the slightly larger Bolt EUV, lower-priced models not using Ultium batteries that will soon be discontinued in their present form. The automakers’ Ultium-powered vehicles, like the Cadillac Lyriq, Chevy Blazer SUV, Silverado pickup and Hummer EV, along with its BrightDrop fleet vans, accounted for a little less than 14,000 of the firm’s EV sales in 2023. GM has had persistent problems with the automation that assembled the Ultium battery cells coming from its joint venture LG Energy Solution into battery packs, and production has been slow to ramp up. GM expects these manufacturing problem to be solved in the first half of the year. As it works to clear the bottleneck, the automaker
is also working to change sourcing for two EV parts so the Blazer and Lyriq will meet the qualifications for the full $7,500 EV tax credit from Joe Biden’s Inflation Reduction Act in the coming months."

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: ↑ $73.74
Natural Gas: ↓ $2.78
Gasoline: ↑ $3.08

Diesel: ↓ $3.97
Heating Oil: ↑ $259.94
Brent Crude Oil: ↑ $78.71
** US Rig Count ([link removed])
: ↑ 655



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