A big week for the Hamas Wing™️

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DAILY ENERGY NEWS | 05/03/2024

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Prospects for a battle over America's campuses and the Speakership discussed. Plus, Elon does it again on the latest episode of The Unregulated Podcast. Now streaming on our website or wherever you listen.

"Passive fund management provides an essential tool for retirement planning. It’s too valuable to lose to political squabbles. Congress can help protect it by ensuring funds follow an investing rule of thumb: Sometimes it’s best to leave well enough alone."

– Bloomberg Editorial Board

Yes, shutting down power plants spells trouble for America's grid, but only if you are concerned about blackouts and high electricity prices.

E&E News (5/3/24) reports: "Piles of coal parked at the entrance of Baltimore Harbor are the gateway to one of the biggest fossil fuel plants in the mid-Atlantic region. After years of public debate and litigation brought by the Sierra Club, the 1,283-megawatt Brandon Shores coal-burning power station is expected to close in 2025 under an agreement with its owner. If the plant retires, it will be another step in the nation’s decisive shift away from coal generation. But Brandon Shores is also seen by some grid officials as a poster child for the threat to electric reliability posed by the quickening pace of closures of fossil fuel plants. And it illustrates the distance U.S. climate policy has to go to both usher polluting plants off the grid while guaranteeing electricity can be generated and shipped from elsewhere to meet rising demand. It’s a dynamic underscored by EPA’s power plant rule release last week, which calls for coal generating plants and large new natural gas plants to capture most carbon emissions by 2032 or get on a retirement schedule. The rules could be eased in grid emergencies. 'If that plant does shut down, we could be in big trouble. That can’t happen,' said Joseph Bowring, president of Monitoring Analytics, the independent market monitor for PJM Interconnection, the grid operator for the District of Columbia, Maryland and a dozen other Eastern states as far west as Illinois."

Is it ineptitude, or something more sinister that keeps Team Biden in Big Green, Inc.'s pocket?

Diesel trains keep America on the rails.

Reason (5/2/24) reports: "American federalism is struggling. Federal rules are an overwhelming presence in every state government, and some states, due to their size or other leverage, can impose their own policies on much or all of the country. The problem has been made clearer by an under-the-radar plan to phase out diesel locomotives in California. If the federal government provides the state with a helping hand, it would bring nationwide repercussions for a vital, overlooked industry. Various industry and advocacy groups are lining up against California's costly measure, calling on the U.S. Environmental Protection Agency (EPA) to deny a waiver needed to fully implement it. In the past month, more than 30 leading conservative organizations and individuals, hundreds of state and local chambers of commerce, and the U.S. agricultural sector have pleaded with the EPA to help stop this piece of extremism from escaping one coastal state...Most importantly, the California Air Resources Board (CARB) regulation would have all freight trains operate in zero-emission configuration by 2035. At the end of the decade, the state is mandating the retirement of diesel locomotives 23 years or older, despite typically useful lives of over 40 years. Starting in 2030, new passenger locomotives must operate with zero emissions, with new engines for long-haul freight trains following by 2035. It limits locomotive idling and increases reporting requirements."

If you oppose a carbon tax, take a stand and contact us.

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: ↓ $78.28
Natural Gas: ↑ $2.05
Gasoline: ↓ $3.66

Diesel: ↓ $3.99
Heating Oil: ↓ $243.10
Brent Crude Oil: ↓ $83.12
US Rig Count: ↑ 628

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