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DAILY ENERGY NEWS | 01/25/2024
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** Domestic manufacturers aren't fooled by Senator Cramer and Senator Cassidy's carbon tax dreams...
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H ([link removed]) erald Dispatch ([link removed]) (1/24/24) op-ed: "A recent survey by the American Energy Alliance shows that likely voters in eight key states want to see elected officials in Washington grow the economy and address inflation rather than focus on climate change. In fact, only 3% identify climate change as the most pressing issue facing our country. Moreover, a majority of voters — including 63% of Republicans — oppose a proposal in Washington to impose a new carbon tax on imported goods. There is good reason to oppose this measure, called the Foreign Pollution Fee Act, as well as a related measure, called the PROVE IT Act. The idea behind taxing imports based on the carbon emissions in the country of origin may seem reasonable at first. But anyone with a fundamental understanding of economics can tell you that domestic
job creators and working Americans are the ones who will actually pay for the increased costs associated with this new tax...There is one final reason to oppose the Foreign Pollution Fee Act and the PROVE IT Act. They look suspiciously like a pretext for imposing a domestic tax on carbon. Once the federal regulators have established that carbon is a source of tax revenue, does anyone really believe they won’t impose a similar tax regime on carbon emissions here at home? As the Competitive Enterprise Institute has argued, 'The legislation is also likely the setup for a future regime of domestic carbon taxes.'"
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** "Contrary to media reports and environmental organizations’ press releases, global warming offers no justification for carbon-based regulation."
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– NASA-award-winning scientist Roy Spencer ([link removed])

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Missed it by that much...

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What a Wiener.

** San Francisco Chronicle ([link removed])
(1/24/24) reports: "California would become the first state to require new vehicles be equipped with speed governors — technology that limits how fast they can be driven — under legislation by San Francisco state Sen. Scott Wiener. The bill, introduced Wednesday, would require cars and trucks of the 2027 model year or later that are built or sold in California to include speed governors that would prohibit motorists from driving more than 10 mph over posted speed limits. The legislation aims to address the epidemic of traffic deaths in the Bay Area and California, Wiener said. Traffic fatalities rose during the pandemic in San Francisco and nationwide, and speed factors in about a third of traffic deaths across the country, according to the National Safety Council. The National Highway Safety Administration estimated more than 40,000 traffic fatalities in 2022...Wiener’s speed-governor bill would also require trucks weighing more than 10,000 pounds to come equipped with side underride
guards if they are built, sold or registered in California. Side guards are meant to prevent people and vehicles from getting swept under a large truck during a crash."

More bad news for EV enthusiasts.

** Yahoo ([link removed].)
(1/24/24) reports: "Drivers of electric cars are being asked to pay more than twice as much for insurance as those who own petrol-fuelled models, data has revealed. The typical insurance premium for electric vehicles (EVs) has increased to £1,344, a rise of 50pc compared with a year earlier, according to UK broker Howden Group. That is double the cost of cover for combustion engine cars, which Howden blames on a higher cost of repairs for electric models. Insurance premiums for all types of cars surged last year but the rise for EVs was bigger both proportionally and in real terms, the company said. For example, while the cost of insuring a typical internal combustion engine (ICE) car jumped by 31pc, the number itself rose from £514 to £676, some £668 less expensive per year than insuring an electric car. Howden blamed this on a higher frequency of claims from EV drivers and a higher average cost per claim than for ICE-model drivers. The average cost per claim for accidental damage was
typically 35pc higher for EVs, the company said. Howden said this was due to the more complicated technology in electric cars which tended to require specialist mechanics with specific equipment. Batteries were also 'expensive and prone to damage' Howden added."

Energy Markets


WTI Crude Oil: ↑ $76.36
Natural Gas: ↑ $2.73
Gasoline: ↑ $3.10

Diesel: ↓ $3.91
Heating Oil: ↑ $274.64
Brent Crude Oil: ↑ $81.26
** US Rig Count ([link removed])
: ↑ 659



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