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DAILY ENERGY NEWS | 03/07/2024

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Who will manage to ramble the longest? Tom and Mike on this week's show or Biden during the SOTU? Find out on the latest episode of The Unregulated Podcast. Now streaming on our website, or wherever you listen.

"The climate change movement often expresses frustration at not being taken seriously. Export halts for the US, protests for the EU, and fairness for China, whose emissions are 80 percent higher than the US and EU combined. This is why."

– Derek Scissors,
American Enterprise Institute

It’s weird how many of these climate centers there are and yet where is the center for affordable energy?

MIT (3/6/24) release: "The MIT Sloan School of Management is launching a new center aimed at providing evidence-based climate policy research to help inform and support local, state, national, and international policymakers. Jump-started by a $25 million investment by MIT Sloan as part of an emerging MIT-wide effort, the MIT Climate Policy Center will engage on a broad set of climate policy issues. Christopher Knittel, the George P. Schultz Professor of Energy Economics at MIT Sloan, will serve as the center’s faculty director. 'It is critical that universities contribute meaningfully to these conversations, ensuring research is accessible to decision-makers on an accelerated time scale,'"

Dear Canadians: Your leaders are more ridiculous than ours. Sorry.

RealClear Energy (3/5/23) op-ed: "Last month, Canadian Environment Minister Steven Guilbeault announced that the federal government would no longer be funding any 'major' road projects in an effort to decrease emissions from cars. In an address to transit advocates in early February, Guilbeault said that the federal government had done their own analysis and found that the current road “network is perfectly adequate to respond to the needs we have.” Canada aims to reach net zero by 2050 and has created rigorous regulation to support its goal. Cars have been a focal point for Guilbeault. This announcement highlights a pattern of top-down governance whereby Guilbeault’s environmental regulation comes before the best interest of Canadians. First, Canada's roads are already lacking, and this move stops needed improvements. Second, it limits how people can move and work, ignoring basic urban planning needs. Third, with more immigrants coming, we need more roads to support new housing and avoid worsening the housing crisis. Canada’s environmental strategies should serve as a warning to US policymakers: top-down approaches to environmental regulations risk overlooking the needs of citizens and the economic costs...The announcement adds to a mounting list of climate change initiatives the federal government has prescribed, including the carbon taxes, fuel standard regulations, vehicle emission intensity regulations, and mandated minimum sales of electric vehicles. Now, the end of federal road building. Guilbeault’s ambitious environmental vision trumps the basic mobility needs of Canadians, and his desire to stop funding roads shows his undervaluation of urban planning and transportation."

Maybe Sheldon should have invested some of his kickbacks and hired an "ethics" consultant.

CNN (10/1/23) reports: "Democratic Sen. Sheldon Whitehouse, a crusader for new ethics guidelines at the Supreme Court, was himself hit with an ethics complaint last month after backing two dozen pieces of legislation that have benefited his wife’s environmental consulting company. The conservative government accountability group Judicial Watch asked the Senate Ethics Committee to 'immediately investigate' Whitehouse (D-RI), alleging there was 'strong evidence' he 'violated ethics conflicts of interest rules,' according to a copy of the Feb. 21 complaint exclusively obtained by The Post. 'Senator Whitehouse seems to have stepped over the line of standard environmental legislative advocacy and used his Senate office to advance his and his wife’s personal and financial interests,' Judicial Watch President Tom Fitton said. The complaint further urged Ethics panel chairman Chris Coons (D-Del.) and ranking member James Lankford (R-Okla.) to subpoena relevant parties should an investigation be launched. Whitehouse, 68, has been dogged by ethics questions since his first years in the Senate, when he secured a $22 million federal grant for an offshore wind company, Deepwater Wind, that had hired his wife as a 'permitting consultant,' the complaint states, citing contemporaneous reports from local Rhode Island outlets.'"

Energy Markets

WTI Crude Oil: ↓ $78.39
Natural Gas: ↓ $1.89
Gasoline: ↑ $3.39

Diesel: ↑ $4.05
Heating Oil: ↑ $268.48
Brent Crude Oil: ↓ $82.42
US Rig Count: ↑↓ 415

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