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DAILY ENERGY NEWS | 01/18/2024
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** The Davos crowd wants to tax your beef. Tell them to eat bugs.
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Bloomberg ([link removed]) (1/17/23) reports: "The European Union should consider introducing carbon pricing in agriculture and strengthening its emissions market to reach its ambitious target of climate neutrality by the middle of the century, according to its advisory body. The 27-nation-bloc needs to accelerate greenhouse gas reductions across the economy to achieve its targets over the next two decades, particularly in buildings, transport, farming and forestry, the European Scientific Advisory Board on Climate Change said in a report on Thursday. The recommendations come as the European Commission, the bloc’s regulatory arm, finalizes a blueprint for the region’s 2040 climate goal to be presented on Feb. 6. The region cut its greenhouse gas emissions by 35.2% in
2022 from 1990 levels. However, by the commission’s own assessment it’s off track for lowering pollution by at least 55% by the end of decade...The scientists recommended shifting support away from emission-intensive agricultural practices like livestock production, towards lower-emitting products and activities, as well as introducing 'some form of emissions pricing in the agricultural and land use sectors by 2031 at the latest.'"
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** "To stave off this carmageddon, our country should prioritize an economically sound policy that makes cars and fuel more affordable and puts consumers back in the driver’s seat."
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– Lloyd Rowland, Mackinac Center for Public Policy ([link removed])
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What was that talk about EVs being cheaper in the long-run?
** Epoch Times ([link removed])
(1/17/23) reports: "A new study comparing the total cost of ownership of electric vehicles (EVs) and their gasoline-powered counterparts found that over the long term and considering various factors, some EVs were less costly but others—in particular, larger and longer-range ones—were more expensive. The study, carried out by researchers affiliated with the University of Michigan Center for Sustainable Systems, aimed to analyze the total cost of ownership (TCO) for gasoline, hybrid, and electric vehicles while considering a broader range of factors than many previous similar studies. The researchers developed a detailed TCO model encompassing five vehicle classes, three powertrains, and three EV ranges, with the analysis covering 14 cities in the United States and incorporating multiple charging scenarios...Midsize EVs (in roughly the 300-mile range) are also more expensive than gasoline vehicles, although, in certain cities, they can reach cost parity with gasoline vehicles if they get
government incentives."
You should be rushing to listen to ** this interview ([link removed])
with The Unregulated Podcast's Mike McKenna...
** ([link removed])
And ** this one too ([link removed])
, from the other guy who hosts The Unregulated Podcast if you want to know who should NOT be the next Senator from the State of Utah...
** ([link removed])
This reporter missed the mark. I tried enlightening her, but it appears she already had her story written. She left out my comments about how subsidies and other market distortions in favor of renewables have totally screwed up the Texas grid. But what else would you expect these days...
** New York Times ([link removed])
(1/17/23) reports: "Texas has invested more in wind and solar power than any other state in recent years, but during the current cold snap, natural gas has played a key role in keeping the lights on. During the past few days, renewable energy was a small but meaningful part of the energy mix that delivered electricity to Texans. But starting on Sunday, as wind chills dipped below 0 degrees Fahrenheit in some Texas cities and demand surged, especially in morning hours when residents awakened, the grid leaned heavily on gas, according to data from the Electric Reliability Council of Texas, the grid operator. As the mercury has dropped, many Texans have been thinking about the winter storm of 2021, when power failures were blamed for some 240 deaths...Renewable energy has become so prominent in Texas that some lawmakers worry it threatens fossil fuels. Last year, the State Legislature pushed back by passing measures designed to encourage the construction of gas-fueled power plants and to
increase costs for rural renewable projects that seek to connect to the grid. 'Natural gas is critical and essential to back up wind and solar,' said Thomas J. Pyle, president of the Institute for Energy Research, a research group that supports fossil fuels. 'If it’s not going to be coal, people have to look at other sources of always-on, always-available electricity.'"
Energy Markets
WTI Crude Oil: ↑ $73.17
Natural Gas: ↓ $2.77
Gasoline: ↑ $3.09
Diesel: ↑ $3.93
Heating Oil: ↑ $266.91
Brent Crude Oil: ↑ $78.28
** US Rig Count ([link removed])
: ↓ 652
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