The only thing available on the climate diet: word salad

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DAILY ENERGY NEWS | 01/30/2024

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They're going to blow up the whole world and they don't even know why.

"It’s past time to put consumers first, not the agenda of a select few. Like the letter penned by thousands of auto dealers across the nation said, 'Many people just want to make their own choice about what vehicle is right for them.'”

– Kristen Walker,
American Consumer Institute

Take it from someone who does know, a ban on gas cars isn't good for anybody. Hear why on the latest episode of the Bob Cordaro Show featuring AEA's own Tom Pyle.

Novel technology not ready for primetime, despite decades of subsidization and mandates.

Fox Business (1/29/24) reports: "Between the federal government, states and municipalities, untold billions in taxpayer dollars have been spent adding electric buses to transit fleets across the U.S. in an effort to reduce carbon emissions. However, cities from coast-to-coast are grappling with broken-down e-buses that cannot be fixed, are too expensive to fix, or they have scrapped their electric fleets altogether. Officials in Asheville, North Carolina, recently expressed frustration that three of the five e-buses the city purchased for millions in 2018 are now sitting idle due to a combination of software issues, mechanical problems and an inability to obtain replacement parts. Earlier this month, The Denver Gazette reported two of the four e-buses Colorado Springs' Mountain Metropolitan Transit acquired in 2021 are not running. They cost $1.2 million a piece, mostly paid for by government grants. Part of the problem is the manufacturer of the buses, Proterra, filed for Chapter 11 bankruptcy in August. The company, founded in 2004, rose to become the largest e-bus company in the U.S., representing nearly 40% of the market prior to going belly-up. Asheville's interim transportation director, Jessica Morriss, told local outlet WLOS-TV it has been impossible to get parts since Proterra filed for bankruptcy last summer. However, Asheville – and several other cities – had problems with the company's buses long before then."

Climate alarmists love feel good publicity stunts that end up making everything worse.

Daily Wire (1/29/24) reports: "New Jersey’s ban on plastic bags has been not only inconvenient for the public but bad for the environment. Back in 2020, New Jersey passed a law banning single-use plastic and paper bags in all stores and food service businesses. That law went into effect in May, 2022. Since the ban took effect, though, it looks like the state’s consumption of plastic for bags spiked to three times as much, according to a report from Freedonia Custom Research that was commissioned by the American Recyclable Plastic Bag Alliance. The total number of plastic bags did go down, falling by 60% to 894 million bags, but the problem was the alternatives ended up having a much larger carbon footprint. Most of New Jersey’s stores switched to reusable shopping bags, the kind often sold in supermarkets. These bags are made with non-woven polypropylene, which uses more than 15 times more plastic, and they are often not recycled. As a result, these bags caused greenhouse gas emissions to rise 500% compared to the old bags in 2015, according to the report...At least 11 other states have bans on plastic grocery bags as well — California, Colorado, Connecticut, Delaware, Hawaii, Maine, New York, Oregon, Rhode Island, Vermont, and Washington."

Energy Markets

WTI Crude Oil: ↑ $77.20
Natural Gas: ↑ $2.08
Gasoline: ↑ $3.12

Diesel: ↑ $3.92
Heating Oil: ↓ $280.11
Brent Crude Oil: ↑ $82.49
US Rig Count: ↓ 643

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