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DAILY ENERGY NEWS | 02/14/2024
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** More funny business from the "most transparent" administration in history.
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Bloomberg ([link removed]) (2/12/24) reports: "A federal court recently ordered the FERC to disclose a lobbyist's name, highlighting the importance of public access to government information. This decision balances transparency and secrecy, setting a precedent for future FOIA requests and potentially increasing transparency in lobbying activities. A federal court's recent ruling has brought transparency in government operations under the spotlight. The court ordered the Federal Energy Regulatory Commission (FERC) to disclose the name of a lobbyist who met with then-Chairman Richard Glick in May 2022. This decision emphasizes the importance of the public's right to government information, while balancing necessary secrecy. The Institute for Energy Research filed a Freedom of Information Act (FOIA) request seeking access to records related to a meeting between the lobbyist and Glick. FERC
had previously redacted the lobbyist's name in their response, claiming that revealing it would invade personal privacy. The federal court, however, found that FERC's search for the records and explanations for the redactions were sufficient, except for the omission of the lobbyist's name. The court ruled that the public interest in disclosure outweighed the privacy concerns, given the lobbyist's role in advocating for policy changes...In the ongoing dance between disclosure and secrecy, today's ruling underscores the enduring value of openness in our democracy. It reaffirms the belief that sunlight, as Justice Louis Brandeis once said, is indeed the best disinfectant."
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** "Europe drove itself into the ditch. Bad policy decisions, including net-zero delusions, the headlong rush to alt-energy, aggressive decarbonization mandates, and the strategic blunder of relying on Russian natural gas that’s no longer available, are driving the deindustrialization."
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– Robert Bryce, Substack ([link removed])

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Imagine what American producers could do without a hostile regime stymieing the efforts at every turn.

** Oil Price ([link removed])
(2/13/24) reports: "Over the last decade, the United States has established itself as the world’s top producer of crude oil, surpassing Saudi Arabia and Russia. This infographic, via Visual Capitalist's Omri Wallach, illustrates the rise of the U.S. as the biggest oil producer, based on data from the U.S. Energy Information Administration (EIA). Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but always by small margins. Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but always by small margins...Over the 2010s, the U.S. witnessed an increase in domestic production, much of it attributable to hydraulic fracturing, or 'fracking,' in the shale formations ranging from Texas to North Dakota. It became the world’s largest oil producer in 2018, outproducing Russia and Saudi Arabia. The U.S. accounted for 14.7% of crude oil production worldwide in 2022,
compared to 13.1% for Saudi Arabia and 12.7% for Russia."

Mandates don't work. It doesn't matter if Big Green, Inc. is trying to take away choice in shopping bags, or automobiles — their efforts alway backfire.

** ([link removed])

Wyoming Republicans are on the right side of the issue.

** E&E News ([link removed])
(2/13/23) reports: "Sen. Cynthia Lummis is facing conservative backlash back home for her vote to advance legislation that right-wing opponents say could one day lead to a carbon tax. The criticism being lobbed at the Wyoming Republican shows the political toxicity around any effort to tie climate action to trade policy and the challenges advocates face in building support around the idea. 'It validates that we have a need to continue to socialize it,' Sen. Kevin Cramer (R-N.D.) said of the thrashing his bill is receiving in a conservative, fossil fuel-producing state. Lummis was one of four Republicans to break ranks and vote in the Senate Environment and Public Works Committee last month for the 'Providing Reliable, Objective, Verifiable Emissions Intensity and Transparency (PROVE IT) Act,' S. 1863, which Cramer, also a member of the EPW panel, has co-sponsored with Democratic Sen. Chris Coons of Delaware. The bill would require the Department of Energy to study and determine the
emissions intensity of nearly two dozen products made in the United States as compared with those of certain other countries."

Energy Markets


WTI Crude Oil: ↓ $77.44
Natural Gas: ↓ $1.62
Gasoline: ↑ $3.25

Diesel: ↑ $4.08
Heating Oil: ↓ $284.46
Brent Crude Oil: ↑ $82.48
** US Rig Count ([link removed])
: ↑ 658



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