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DAILY ENERGY NEWS | 05/14/2024
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** [DEL: When :DEL] Will we ever run out?

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The Western Journal ([link removed]) (5/13/24) reports: "When are we going to run out of energy? You don’t hear that as much as you used to, since Those Who Know Best are working to plug up all our energy sources anyway... We should have 227 years of available oil, 130 years of gas, and almost 500 years of coal. Those are predictions from the Institute for Energy Research, an energy-focused think tank based upon free market principles. Chicken Little predictions of energy depletion are a ruse to push for alternatives, IER President Tom Pyle told Just the News. 'First, they said, we don’t have the resources. We’re big consumers, but we don’t have the energy. So we have to get off of the resource,’ according to Pyle. 'Then it became evident and clear that that was not the case,' he said. In 2023, the U.S. was the biggest energy producer in the world, putting out 13 million barrels of oil per day.
And that’s even after the Biden regime throttled production early in 2021."
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** "Electric vehicles and cold temperatures just don’t mix."
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– Gov. Doug Burgam ([link removed])

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Our man, Kenny, dishes on energy and elections.

** The Energy Show ([link removed])
(5/14/24) podcast: "Discover the major differences between the Biden & Trump energy policies, the long-term effects energy policies have globally, and if oil prices are remaining stable or trending downward. Guest: Kenny Stein, Vice President of Policy at the American Energy Alliance."
** ([link removed])

If this keeps up, we will just have to start banning cars.

** Bloomberg ([link removed])
(5/13/24) reports: "Like clockwork, the commodities market worries in May about the strength of oil demand heading into the northern hemisphere summer holiday. Nervousness about the seasonal pickup in oil consumption abounds. It happened in 2023, and it’s happening again this year. But as before, traders’ concerns are misplaced: Oil demand growth is doing just fine. The anxiety is reflected in the price of Brent crude, the global oil benchmark, which has dropped to less than $85 a barrel in recent days, down from about $90 a barrel in April. With the OPEC+ oil cartel meeting on June 1 to decide whether to prolong production cuts, the status of global demand matters. The group should look beyond the current noise and see that consumption remains firm."

We can't actually solve the climate crisis. Too many politicians, political consultants, journalists, activists, paid protesters, modelers, bureaucrats, influencers, Chinese slave laborers, and Congolese children would be out of work.

** The Daily Caller ([link removed])
(5/12/24) reports: "Nuclear energy is effective at scale and produces no emissions, but the technology may not be poised to play a leading role in President Joe Biden’s green agenda. American policymakers, primarily Democrats and their appointees, are pushing hard to realize the Biden administration’s goal of having the U.S. power sector reach net-zero emissions by 2035, but wind, solar and other renewable generation sources have not yet shown the same degree of reliability that nuclear has demonstrated. Despite these facts, Biden and lawmakers have so far failed to simplify the nuclear regulatory and permitting process, according to energy sector experts who spoke with the Daily Caller News Foundation...'Nuclear’s costs are enormous, because of the regulatory morass created by the Nuclear Regulatory Commission (NRC). It would be better to scrap the whole thing and go back to the Atomic Energy Commission, which actually worked to ensure safe, secure and affordable nuclear technologies,'
Dan Kish, a senior research fellow at the Institute for Energy Research, told the DCNF. 'Nuclear would be the obvious answer if the Greens and Biden truly want to electrify everything and reduce carbon dioxide emissions, but they also oppose natural gas that has reduced coal emissions, so I wouldn’t hold my breath. They don’t seem to want anything that solves the problems they insist exist, so I expect them to continue to reject things that actually work.'”

Energy Markets


WTI Crude Oil: ↑ $79.12
Natural Gas: ↓ $2.36
Gasoline: ↓ $3.61

Diesel: ↑ $3.94
Heating Oil: ↑ $243.84
Brent Crude Oil: ↑ $83.36
** US Rig Count ([link removed])
: ↓ 625



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