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DAILY ENERGY NEWS | 04/12/2024
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** The usual suspects are walking around with inflation fueled government handouts. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "The quest to shoehorn wind and solar into the grid comes at a heavy cost to ratepayers. It delivers a more expensive and unreliable product while doing nothing to help the environment."
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– Joshua Antonini, Mackinac Center for Public Policy ([link removed])

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Only Big Green, Inc. could think it's 'perplexing and concerning' to consider the interests of the state you represent over their anti-human ideology.

** E&E News ([link removed])
(4/12/24) reports: "Even before he was elected to the Senate in 2022, John Fetterman was largely considered a Democratic ally on energy and climate. He won endorsements from green groups like the League of Conservation Voters and the Sierra Club. He called climate change 'an existential threat' while urging a quick transition to clean energy. But the Pennsylvanian is now raising alarms among environmental advocates, who are running ads seeking to sway him on a pending bill that would kill a Biden administration rule cutting vehicle emissions. Fetterman has declined to say how he’ll vote but has given signals he’s uneasy about the EPA proposal. Tiernan Sittenfeld, LCV’s senior vice president for government affairs, called Fetterman’s current public stance 'perplexing and concerning' and said LCV was 'urging him to publicly commit to voting ‘no.’” The concern comes as Fetterman, just over a year into his first term, has questioned the Biden administration’s decision to pause new liquefied
natural gas exports. He also gave a thumb’s up to a recent op-ed from moderate Sen. Joe Manchin (D-W.Va.) applauding the administration for increased oil, gas and renewable energy production. In the past, Fetterman has offered contradictory statements on fracking, which is critical to his home state, but now says he supports it."

Just how bad is Biden's truck ban for America's economy? IER's Alex Stevens explains on the ** Financial Sense Podcast ([link removed])
.

I was told that transitioning to renewables would lower energy prices, but Thyssenkrupp is experiencing “the continuing upward trajectory of energy costs.”

** Thyssenkrupp ([link removed])
(4/11/24) statement: "The Executive Board of thyssenkrupp Steel today presented initial conceptual outlines of a planned realignment of steel operations to the tk Steel Supervisory Board's Strategy Committee. The aim is to make thyssenkrupp Steel fit for the future against the background of persistently challenging market conditions. The core element of the realignment will lie in the scaling back of the production capacities installed in the network to a shipping corridor of between approx. 9 and 9.5 million metric tons per year, a figure approximately equating to the shipping level registered over the past three years. By contrast, the current production capacity is configured for a shipping volume of around 11.5 million metric tons. Essential elements of tk Steel's Strategy 20-30 pursued to date are also confirmed for restructuring: the focus on premium grades as well as thinner and stronger materials remains in place. Topics such as the energy transition and electric mobility will
likewise remain in focus. With the planned realignment, Germany's largest steel company is responding on the one hand to the persistently weak state of the economy, but primarily to fundamental medium and long-term structural changes in the European steel market and in crucial customer and target markets. These include, among other things – especially in Germany – the continuing upward trajectory of energy costs owing to climate policy objectives, as well as unchecked rising import pressure, mainly from Asia, and an ongoing deterioration in the steel trade balance, which in aggregate are making for reduced industry competitiveness. "

If you oppose carbon taxes masquerading as anti-China tariffs, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

Tom Pyle, American Energy Alliance
Daren Bakst, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America
Jon Sanders, John Locke Foundation

Energy Markets


WTI Crude Oil: ↑ $87.55
Natural Gas: ↑ $1.76
Gasoline: ↑ $3.63

Diesel: ↑ $4.05
Heating Oil: ↑ $272.65
Brent Crude Oil: ↑ $92.09
** US Rig Count ([link removed])
: ↓ 641



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