View this email in your browser ([link removed])
DAILY ENERGY NEWS | 04/10/2024
Subscribe Now ([link removed])


** Even spending a trillion dollars of taxpayer money can't bend the iron law of climate policy.
------------------------------------------------------------
Wall Street Journal ([link removed]) (4/9/24) reports: "President Biden has done more to address climate change than any of his predecessors. So far, voters don’t seem to care. The Biden campaign and a collection of progressive groups are trying to change that. They believe the president’s record on climate change can boost his popularity with young voters. The strategy is risky because climate has never been a priority with voters. And it is unclear whether climate policies could reverse the deep skepticism many young people feel toward Biden... A Journal poll, which surveyed voters in seven swing states in March, found that just 3% of 18-to-34-year-old voters named climate change as their top issue, with most citing the economy, inflation or immigration. That is roughly in line with voters of all ages, 2% of whom cited climate change as their top issue. Other polls show that young
people are more likely than older voters to say addressing climate change is important, even if many don’t name it as their top priority."
[link removed]


** "Whether proponents realize it or not, the degrowth mindset and the narrative that “humans destroy” underlie actions like the energy legislation that requires us to phase out fossil fuels. These fuels have driven significant improvements in human health and well-being since the beginning of the Industrial Revolution. The proposed replacements do not protect the environment or provide the reliable energy we need to power our society."
------------------------------------------------------------


– J ([link removed]) ason Hayes, Mackinac Center ([link removed]*sod93y*_ga*MTIxMjgxOTg5My4xNzEyNzQ5MDc1*_ga_4Q607QFF7P*MTcxMjc0OTA3NC4xLjEuMTcxMjc0OTEwMS4wLjAuMA..)

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

Demand matters.

** The Guardian ([link removed])
(4/4/24) reports: "With US electric vehicle sales starting to slow, Ford Motor Co says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said on Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee will be delayed by a year until 2026. The big electric SUV, with three rows of seats, will be delayed by two years until 2027 at the company’s factory in Oakville, Ontario, near Toronto. The retreat comes as US electric vehicle sales growth slowed to 2.7% in the first quarter of the year, far below the 47% increase that fueled record sales and a 7.6% market share last year. Sales of new vehicles overall grew nearly 5%, and the EV market share declined to 7.1%."

Another rebuke of ESG...

** Bloomberg ([link removed])
(4/8/24) reports: "BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia Treasurer Riley Moore took a victory lap in an announcement of the financial firms it was adding to its boycott list, which doesn’t include BMO. In late February, the bank received a warning that it could be put on a state list of companies that Moore’s office considers to boycott the fossil fuels industry... Banks and investment firms have been less vocal about their climate efforts after Republicans have spent more than two years attacking the environmental, social and governance strategy that the finance industry embraced."

U.S. drivers feeling the pinch.

** Oil Price ([link removed])
(4/5/24) reports: "Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average gas price hitting $3.57 per gallon, up from $3.10 at the start of the year, and higher than a year ago. The national average hit a new multi-month high on Thursday morning, rising to $3.57 per gallon, the highest since October 14, Patrick De Haan, head of petroleum analysis at GasBuddy, noted. The current average price of a gallon of regular gasoline is some 20 cents higher than the $3.352 average one month ago, according to data from AAA, and is 7.2 cents per gallon higher than at this time last year, De Haan added. At this time last year, the national average price was at $3.507 per gallon."

Energy Markets


WTI Crude Oil: ↑ $85.74
Natural Gas: ↑ $1.93
Gasoline: ↑ $3.61

Diesel: ↑ $4.06
Heating Oil: ↑ $269.26
Brent Crude Oil: ↑ $89.93
** US Rig Count ([link removed])
: ↓ 632



** 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])