Your Daily Energy News

View this email in your browser ([link removed])
DAILY ENERGY NEWS | 03/21/2024
Subscribe Now ([link removed])


** If you enjoyed "If you like your health care plan, you'll be able to keep your health care plan," then you'll love "If you like your car, you'll be able to keep your car."
------------------------------------------------------------
New York Post ([link removed]) ([link removed]) (3/20/24) reports: "The Biden administration finalized its crackdown on gas cars Wednesday, with the Environmental Protection Agency announcing drastic climate regulations meant to ensure more than two-thirds of passenger cars and light trucks sold by 2032 are electric or hybrid vehicles. The EPA rule imposes strict limits on tailpipe pollution, limits the agency says can be met if 56% of new vehicles sold in the US are electric by eight years from now, along with 13% that are plug-in hybrids or other partially electric cars. That would be a huge increase over current EV sales, which rose to 7.6% of new vehicle sales last year, up from 5.8% in 2022. Despite the relatively low demand — which has led to auto manufacturers scaling back planned investment in electric vehicle manufacturing — the EPA insisted that carmakers have
not had any 'change in … intentions regarding PEVs generally or specifically.' The EPA announcement also mentioned that the rule is separate from, but aligned with, the Biden administration’s stated 2021 goal of having 50% of all new US vehicles sold in 2030 be zero-emission. The rule unveiled Wednesday is a scaled-down version of regulations proposed last April and withdrawn after backlash from the auto industry, but still represents the most aggressive attack on internal combustion of any country in the world. The new rule slows implementation of stricter pollution standards from 2027 through 2029, before ramping up to near the level the EPA preferred by 2032."
[link removed]


** "The EPA has made significant progress on its final greenhouse gas emissions rule for light-duty vehicles. By taking seriously the concerns of workers and communities, the EPA has come a long way to create a more feasible emissions rule that protects workers building ICE vehicles, while providing a path forward for automakers to implement the full range of automotive technologies to reduce emissions."
------------------------------------------------------------


– United Automobile Workers ([link removed])

============================================================

"It's not a ban, it's just a rule against making new ones in the near future." - Team Biden on everything useful from gas-stoves to gas-cars.

** CEI ([link removed])
(3/20/24) blog: "The EPA today announced final emission standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and later. The pre-Federal Register draft of the rule, all 1,181 glorious pages, is available here. The rule sets standards for both conventional air pollutants and greenhouse gases (GHGs). The EPA’s press release crows that the rule will 'expand consumer choice in clean vehicles.' That’s a little like saying prohibiting the sale of alcoholic beverages will expand consumer choice in soft drinks. The fact is, the EPA is waging war on vehicle affordability and choice. As has often been said, truth is the first casualty in war. When the EPA proposed this rule in May 2023, it stated that, unlike California’s zero-emission vehicle (ZEV) sales mandate, “the GHG program in this proposal is performance-based and not a ZEV mandate.” However, like the California program, the EPA program compels automakers to manufacture and sell increasing
percentages of electric vehicles (EVs), only at a somewhat slower pace. It is a de facto EV mandate."

When billions in subsidies still don't make renewables competitive the government will spend millions on "fixing" the price models.

** ([link removed])

Doesn't matter where the wind is blowing, somehow the turbines still need subsidies.

** Forbes ([link removed])
(3/20/24) reports: "Belgian-Dutch company Ventyr won the auction to develop the offshore wind project in the Southern North Sea II (Sørlige Nordsjø II) close to Norway's sea border with Denmark, revealed Norwegian Prime Minister Jonas Gahr Støre in a press conference on Wednesday. 'We are today taking the first step in a large-scale investment in offshore wind to get new renewable power into the Norwegian energy system,' told Støre. The wind farm should help Norway increase its production and delivery of renewable energy and match with the government's goal of 30,000 MW by 2040. The Southern North Sea II project has a capacity of 1.5 GW...Despite the auction being considered a milestone for the government, most of the bidders and players withdrew from the auction, afraid to earn too low profitability. According to the Institute for Energy Research (IER), offshore wind risk being killed, as development costs surged amid inflation, interest rates, and insufficient subsidies."

Energy Markets


WTI Crude Oil: ↓ $80.66
Natural Gas: ↓ $1.69
Gasoline: ↑ $3.52

Diesel: ↑ $4.05
Heating Oil: ↓ $264.81
Brent Crude Oil: ↓ $85.38
** US Rig Count ([link removed])
: ↑ 651



** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 525 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])