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DAILY ENERGY NEWS | 05/29/2024
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** Gov Gavin is not king of the U.S., so it would be nice if others states stopped pretending he was.
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DC Journal ([link removed]) (5/29/24) reports: "What happens in California doesn’t stay in California — and that’s particularly true when it comes to your car. Or truck. Or even train. The California Air Resources Board (CARB) mandates all new passenger vehicles sold in the Golden State must have zero tailpipe emissions by 2035. It did the same with freight trains operating in the state, and it is mandating the retirement of any diesel locomotive more than 23 years old. Perhaps more problematic for America’s supply chain, California is also trying to force the trucking industry to adopt zero-emissions standards, too. It’s requiring commercial vehicles, even heavy-duty big rigs, be zero emission by 2042, and bans the sale of bigger trucks starting in 2036. That includes over-the-road truckers from New Mexico, North Dakota, and New Hampshire that haul freight to and from the Golden State. 'They say, ‘As California
goes, so goes the nation,’” said Thomas Pyle, president of the American Energy Alliance. 'Let’s hope not. Gov. Gavin Newsom’s attack on gas-powered cars and diesel-powered trucks and trains will be disastrous for California families. Californians already pay more for their electricity than the rest of the nation and their electricity grid is shaky at best. This fixation to electrify all modes of transportation will make things much worse. The rest of the nation should say, "No thanks.’”"
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** "To eliminate carbon emissions by 2050, governments face unprecedented technical, economic and political challenges, making rapid and inexpensive transition impossible."
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– Vaclav Smil, Fraser Institute ([link removed])

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100% renewable is 100% a scam.

** Just The News ([link removed])
(5/27/24) reports: "For years, tech giants in California and Washington have been leading the charge to eliminate fossil fuels from the grid. Microsoft, Google, Meta and Apple, for example, are members of Climate Group RE100, an organization of major corporations who are dedicated to accelerating 'change toward zero-carbon grids at scale by 2040.' In 2018, Apple proclaimed that it was globally powered entirely by 100% renewable energy...The company, however, never managed to power facilities like data centers, which require 24/7 electricity without interruptions, using intermittent power from wind and solar. While the company makes no mention of it in its press release, Apple explains how it accomplished '100% renewable' in its annual 'Apple Environmental Progress Reports.' Apple invests in “high-quality carbon credits to offset the remaining hard-to-decarbonize corporate emissions.” In other words, Apple is powered by fossil fuel energy, but other companies that have low emissions sell
Apple credits to offset Apple’s high-emission energy. "

A bargain for Big Green, Inc.

** ([link removed])

As long as Team Biden is giving away free money China will find a way to get it.

** Wall Street Journal ([link removed])
(5/29/24) reports: "In December, a new company registered in Michigan: American Lidar. Its planned home would be an easy drive from the big three U.S. automakers. The company behind American Lidar, and not mentioned in its registration, is China-based lidar maker Hesai Group, which the U.S. has labeled a security concern. It is a familiar playbook: A company facing regulatory or reputational problems sets up a subsidiary or affiliate with a different name. Chinese firms trying to buffer themselves from Washington’s anti-China policies are rebranding and creating U.S.-domiciled businesses to sell their wares as the Biden administration expands the government entity lists that restrict Chinese companies’ business dealings in the U.S., say policymakers and national-security experts. The blacklisting has also created opportunities for American entrepreneurs who want to work with Chinese companies that are popular with U.S. consumers. Chinese companies’ efforts to shift production, rebrand as
American or set up subsidiaries with new names are legal, lawyers say. Still, such moves irritate regulators who can’t enforce laws when it isn’t clear who is behind a company."

Energy Markets


WTI Crude Oil: ↓ $79.63
Natural Gas: ↓ $2.49
Gasoline: ↓ $3.57

Diesel: ↑ $3.87
Heating Oil: ↓ $244.84
Brent Crude Oil: ↓ $83.96
** US Rig Count ([link removed])
: ↓ 621



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