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DAILY ENERGY NEWS | 01/08/2024

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We're a little late getting this out to you this week, but hey, some things in life are worth waiting for. Here is episode #163 of The Unregulated Podcast. Now streaming on our website, or wherever you listen.

"It is easy for hypocritical politicians who fly in private CO2-emitting planes across the Western world to champion the elimination of fossil fuels. But their activism blatantly ignores the bone-chilling grip of winter on faraway communities. It is long past time for the western media to boldly report the critical role of fossil fuels in supporting human life during harsh winter conditions."

– Vijay Jayaraj,
CO2 Coalition

Congratulations, Governor Gavin. You make making everything worse. But you do have great hair.

Daily Caller (1/7/23) reports: "California has gone after the fossil fuel industry with vigor, but those efforts do not seem to have made much impact on climate change while proving detrimental to the state’s economy. The state’s long-term and ongoing efforts to undermine energy production within its borders have effectively displaced, rather than reduced, fossil fuel production — and jobs related to that production — to other states and areas of the world while U.S. oil production is at record levels. California’s anti-fossil fuel push also has not moved the needle much on climate change, which alarmists continue to insist is accelerating at a dangerous pace, but it has raised energy costs for Californians, diminished grid reliability and disincentivized corporate investment that would create or maintain jobs in the state, energy policy experts told the Daily Caller News Foundation...'For well over two decades now, politicians like Governor Newsom have hammered California’s conventional energy producers, both large and small, with excessive taxes, regulations, and threats of profit taking … Large companies can better withstand the onslaught of red tape, but smaller producers can ill afford the book the types of liabilities being saddled on the industry,' Tom Pyle, president of the American Energy Alliance, told the DCNF. 'Many companies have already moved out of the state, along with hundreds of thousands of residents as a result of these and other harmful policies … like a cap on profit margins, that hurt consumers by making conventional energy investments uneconomic. These types of policies have outsourced jobs to other states and increased California’s reliance on oil and electricity imports — all with little or no environmental benefit.'"

Lifestyles of the rich & famous! (EV edition)

Page Six (1/7/23) reports: "Who says Sean Penn doesn’t like the press? The Hollywood icon saved a stranded motorist – Variety’s red carpet maven Marc Malkin – after the Golden Globes pre-show host found himself stranded on the way back from the Palm Springs Film Festival over the weekend. There was buzz at a Golden Globes pre-party Friday night that Malkin – who is co-hosting the awards’ official pre-show on Sunday – was driving back to Los Angeles from the starry Palm Springs, Calif., fest earlier in the day when his electric car unexpectedly ran out of juice. Sources told Page Six that when Malkin managed to get his car towed to a charging station at an exit in Cabazon, Calif...Another source told us of Penn and his PR guru, 'All of a sudden, they saw a little flatbed tow truck with a car on it. They all forgot to charge overnight.' But while Penn and Buxbaum juiced up their rides, Malkin’s whip would not charge, we hear. A source said Malkin called the charging company and was told that his vehicle wouldn’t charge if the battery was totally dead – but Malkin realized he might be able to get some power if he moved the immobile car to another type of charger nearby."

Special K, getting special kick-backs?

Just the News (1/5/23) reports: "House Oversight Committee Chairman James Comer on Friday launched a probe seeking documents related Special Presidential Envoy for Climate (SPEC) John Kerry's dealings with environmental activist organizations to bring the U.S. into an anti-coal bloc. Kerry announced the U.S.'s entry into the Powering Past Coal Alliance (PPCA) last year. Comer previously secured documents from from the administration connected with Kerry's office, including off-the-record communications between Kerry, his office, and myriad environmental groups related to the PPCA, which triggered the probe. 'The Committee on Oversight and Accountability is continuing its investigation into the activities of the office of the Special Presidential Envoy for Climate (SPEC). Documents produced to the Committee reveal that the State Department sought and received feedback from leftist environmental groups on the Powering Past Coal Alliance (PPCA) and enabled those groups to influence U.S. foreign policy,' he wrote to Secretary of State Antony Blinken."

Energy Markets

WTI Crude Oil: ↓ $70.92
Natural Gas: ↑ $2.99
Gasoline: ↓ $3.07

Diesel: ↓ $3.94
Heating Oil: ↓ $258.45
Brent Crude Oil: ↓ $76.31
US Rig Count: ↓ 671

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