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DAILY ENERGY NEWS | 01/26/2024

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Forward down the field towards the Super Bowl and Super Tuesday. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Anybody who can go down 3,000 feet in a mine can sure as hell learn to program as well."

– Joe Biden

Who needs neoprene, anyway? We've got an ideology to advance.

Fox News (1/25/24) reports: "House Republican leaders on the Science, Space and Technology Committee are probing the Biden administration over its apparent actions fabricating a paper trail in pursuit of a chemical plant shutdown in Louisiana...The federal lawsuit seeks to compel DPE's manufacturing facility in LaPlace, Louisiana, to massively reduce its emissions of the chemical chloroprene in accordance with the standard determined to be safe by a 2010 study. DPE has argued for a more updated scientific review of chloroprene emissions, an action local EPA officials said it would pursue in 2021 before the EPA's federal Office of Research and Development (ORD) intervened....The lawmakers' letter cites a Fox News Digital report which uncovered deposition testimony from Michael Morton, who serves as EPA Region 6 science liaison to ORD, stating that he didn't author a July 2021 email sent from his email address to federal officials calling off a review of chloroprene. Months earlier, in April 2021, Region 6 nominated chloroprene for review to revisit its assessment of the chemical's health risks. Morton told defense lawyers representing DPE in the lawsuit filed by the Department of Justice during deposition in November that he was unaware of who authored the email sent from his email address...Meanwhile, if the Justice Department's lawsuit is successful, it could threaten the future operations of the DPE's LaPlace facility — the so-called Pontchartrain Works Site which represents the only U.S. plant to produce neoprene, a synthetic rubber common in military equipment, wetsuits and medical technology — and set a precedent broadly threatening the multi-billion-dollar U.S. petrochemical industry."

In case you were wondering who is making energy policy decisions in Biden's White House... it's Tik Tok influencers.

Daily Caller (1/25/24) reports: "President Joe Biden’s latest energy policy decision may ultimately prove to be a major boon for former President Donald Trump and his bid to return to the White House. The Biden administration is expected to announce formally on Friday that it is delaying its final determination on whether to approve Calcasieu Pass 2 (CP2), a massive liquefied natural gas (LNG) export terminal in Louisiana. The delay is a clear sign that the administration is thinking about effectively killing the project, and it appears that the Trump campaign will take advantage of the new opportunity to slam Biden’s energy agenda while contrasting it with Trump’s record on the issue...The Trump campaign will “absolutely” use the Biden administration’s choice to delay a determination on CP2 as fodder on the campaign trail going forward, Mike McKenna, a GOP strategist and former Trump administration energy adviser, told the DCNF...'I get that they have to feed the progressives, but this looks like and is both a terrible idea and an illicit intrusion into the process of an independent regulatory agency,' McKenna told the DCNF. Tom Pyle, the president of the American Energy Alliance, agrees with McKenna. The decision 'will harden support among those who support President Trump,' Pyle told the DCNF, adding that it is less clear 'whether it helps President Biden, other than shoring up his left-wing base.' 'I guess the calculation is that it will help the greens find more of an excuse to spend even more on Biden’s reelection,' Pyle continued. 'Average folks see this for what it is: a shortsighted political move that helps nobody besides the hardline special interests that support him.' White House officials reportedly met with several activists, including a 25-year old TikTok influencer and members of the confrontational organization known as Climate Defiance, ahead of its decision to delay a final determination on CP2."

The future is electric. Apparently Americans didn't get the memo.

Yahoo Finance (1/25/24) reports: "Tesla stock fell 12% on Thursday after the company reported fourth quarter earnings late Wednesday that missed estimates and issued a downbeat full-year production outlook. For the fourth quarter, Tesla reported top-line revenue of $25.17 billion against $25.87 billion expected; revenue rose approximately 3% from a year ago. Tesla reported adjusted EPS of $0.71 against $0.73 expected. Adjusted net income totaled $2.48 billion against the $2.61 billion expected by the Street. In terms of its full-year production, Tesla said its "vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas," indicating it would not reach Street estimates of 2.19 million for 2024, which would have been a 21% increase from 2023. Tesla stock has lost more than 26% this year. On a call with analysts, CEO Elon Musk did confirm that the company's next-gen vehicle will be coming in the second half of 2025. In its earnings release and later on the earnings call, Tesla also mentioned progress on its next-gen manufacturing platform."

If you oppose the latest attempt by Senator Cassidy and Senator Cramer to sell us a carbon tax, take a stand and contact us.

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: ↓ $76.61
Natural Gas: ↓ $2.50
Gasoline: ↑ $3.10

Diesel: ↑ $3.91
Heating Oil: ↓ $276.89
Brent Crude Oil: ↓ $81.83
US Rig Count: ↑ 668

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