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DAILY ENERGY NEWS | 03/27/2024
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** On the latest episode of The Unregulated Podcast Tom and Mike see what can be unburdened by what has been. Now streaming on our website ([link removed]) , or wherever you listen.
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** "[Biden's ban on many gas-powered cars] is madness, plain and simple, and if voters give this administration another four years in office, disaster will become inevitable."
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– David Blackmon, Daily Caller ([link removed])

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"I'm not a tough guy. I'm just delivering the truth and only the truth and if you can't deal with it, too bad." -Kevin O'Leary

** Washington Times ([link removed])
(3/25/24) reports: "The Biden administration’s recent election-year decision to stop new U.S. liquefied natural gas export projects at the behest of activists is bad for America — and the world — by every measure. It weakens our allies’ national security, puts thousands out of work, and robs Asia and Europe of a reliable and clean source of electricity generation. Yet these types of nonsensical energy policies have become common in the Democratic Party. That’s because Democrats have long ago chosen to put wealthy special interests above the interests of everyday Americans. This type of billionaire influence, most notably from the Rockefellers and former New York Mayor Michael Bloomberg, has been far too prevalent in pushing Democratic energy policy to the fringes. As The Wall Street Journal recently reported, a coalition of out-of-touch billionaires and radical activists led by the Rockefeller Family Fund spearheaded an ultimately successful campaign to convince the president that American
natural gas exports are somehow 'carbon bombs' despite the fact that natural gas has driven a 32% reduction in U.S. carbon emissions...While billionaire Rockefellers can afford to pay for the repercussions of the abysmal energy policy they helped engineer, the average American cannot. The Democratic Party would best serve the country if more of its members recognized the economic and social need for essential energy from fossil fuels. In the words of Kevin 'Mr. Wonderful' O’Leary, 'it’s time to wake up and smell the hydrocarbons.'"

Do you think this scenario will be included in DOE's study on allowing new terminal construction?

** ([link removed])

As if EV mandates weren't bad enough, Team Biden is set on giving Chinese Communist Party front groups tax dollars to help reach their goals.

** Daily Caller ([link removed])
(3/27/24) reports: "Top executives behind a Chinese chemical manufacturer planning to build two U.S. factories belong to the Chinese Communist Party (CCP) and affiliated influence outfits, a Daily Caller News Foundation investigation has found. Capchem Technology USA, the wholly-owned subsidiary of China-based Shenzhen Capchem Technology (Capchem), is slated to build a $120 million factory in Ohio and a $350 million plant in Louisiana. At the same time, Capchem records and social media posts that the DCNF translated show the company employs dozens of CCP members. Executives at Capchem and Capchem USA have also held positions at organizations affiliated with CCP influence operations, a DCNF review of Capchem’s website, Chinese social media account and executives’ social groups found...Capchem USA currently has plans to build chemical manufacturing facilities for electric vehicles in Lawrence County, Ohio and Ascension Parish, Louisiana. Capchem USA also stands to benefit from U.S. government
largess. Ohio’s Lawrence County recently granted Capchem USA a 50% tax break and Louisiana offered the firm a “$2 million performance-based grant for infrastructure expenses,” among other state incentives. Likewise, Capchem could also benefit from the web of subsidies in the Inflation Reduction Act, which President Joe Biden signed into law in 2022. The company’s plans, however, have come under scrutiny from lawmakers who believe the firm’s Chinese government ties present a national security threat."

Energy Markets


WTI Crude Oil: ↑ $81.68
Natural Gas: ↓ $1.71
Gasoline: ↑ $3.53

Diesel: ↑ $4.05
Heating Oil: ↓ $259.64
Brent Crude Oil: ↑ $86.35
** US Rig Count ([link removed])
: ↓ 642



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