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DAILY ENERGY NEWS | 05/30/2024

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Thanks Ben, you'll see lizards on the next list.

Yahoo News (5/29/24) reports: "Congressman August Pfluger has been joined by Texas Railroad Commissioner Wayne Christian and the Permian Basin Petroleum and Texas Independent Producers & Royalty Owners associations in his fight to stop the U.S. Department of Fish and Wildlife Service from designating the Dunes Sagebrush Lizard as endangered and impeding oil and natural gas production in the Permian Basin. 'Listing the Dunes Sagebrush Lizard as an endangered species is another effort by the Biden Administration to shut down drilling in the Permian Basin,' Pfluger said Tuesday from Washington. 'I will introduce a Congressional Review Act this week to nullify President Biden's attempt to use a lizard as a weapon against the oil and gas industry. I will not allow the president to take control of private property and kill energy jobs in the Permian Basin.' Pfluger is a San Angelo Republican who represents the Basin in the 11th Congressional District. Christian said from Austin that the designation 'doesn't have a thing to do with saving lizards. It's about shutting down U.S. oil and gas production to win political brownie points, which will only increase inflation and jeopardize billions of lives globally'...PBPA President Ben Shepperd said his organization backs Pfluger's effort to pass Congressional Review Act legislation regarding the lizard. 'According to research conducted by the Institute for Energy Research there have already been over 200 actions taken by the current administration opposed to the oil and gas industry,' Shepperd said. 'You can add this one to the list.'"

"Our findings suggest that removing the Jones Act would have decreased average East Coast prices for gasoline by $0.63 per barrel, jet fuel by $0.80 per barrel, ultra‐low‐sulfur diesel by $0.82 per barrel, and light crude oil by $0.36 per barrel. Price decreases would have been largest in the Southeast and smallest in New England."

– Ryan Kellogg and
Richard L. Sweeney,
Cato Institute

The meme become reality...

Bloomberg (5/30/24) reports: "Sitting behind the wheel of her gray Tesla Model Y, Brooklyn resident Stephanie Doba uses her phone to punch the make, model and license plate number of a Toyota Camry into New York City’s online form for reporting illegal parking. Prompted to describe the issue, she answers with voice-to-text: “Gas car parking at electric vehicle charging station. Doba estimates she’s made at least 10 such reports since New York City set up curbside EV chargers near her Park Slope home three years ago...Doba isn’t alone in finding creative workarounds. Just across the Hudson River in Jersey City, Sal Cameli bought his first EV in 2012. Today he has two Nissan Leafs, which he rarely drives, and one Tesla Model Y. But Cameli doesn’t have a garage or driveway to charge in. Instead, he hired an electrician six years ago to craft a 19-foot cable that plugs into a dryer hookup in his kitchen. The cable runs through a window and out to the street, where it’s fastened to a signpost to prevent anyone from tripping. On nights when Cameli needs to use his charger, his biggest challenge is securing parking close enough for the cable to reach. That’s where the Nissans come in — Cameli calls them his 'traffic cones.' One Leaf holds a spot by the signpost during the day, while Cameli takes his Tesla to visit clients of his freelance IT business. The other Leaf is parked behind the first one. When Cameli gets home, he moves the placeholder car, then parks the Tesla in its spot and parks the second Leaf at an angle to protect the protruding charger plug from a sideswipe."

Not even the people who build EVs want to buy them.

Bridge Michigan (5/29/24) reports: Standing on the porch of Mackinac Island’s Grand Hotel in 2021, Gov. Gretchen Whitmer vowed that soon, Michigan’s western shoreline would boast 'the best new road trip for electric vehicle owners in America.' As she unveiled the plan to build a reliable public EV charging network called the Lake Michigan Circuit, Whitmer invited spectators to imagine the classic Great Lakes vacation: Beaches, wineries, lighthouses and memories 'without having to pay a single cent for gas.'...Nearly three years and tens of millions of dollars later, Michigan is well short of its goals, with the Lake Michigan loop needing several hundred more chargers and the state needing 96,000 more...Legislators have balked at Whitmer’s efforts to expand funding, and private investors are reluctant to shoulder charging costs on their own until EV sales increase. Michigan has about 43,000 registered EVs today, well under the 60,000 officials once projected by this time. Overall, 3.2% of the state’s car-buyers are choosing an EV, compared to 8% nationally...On a recent trip from Traverse City to Lansing, La Seur found herself repeatedly rerouted and delayed on the 184-mile drive, searching for a place to charge her Volvo C40. 'All it takes is one of the widely spaced chargers to be broken, or somebody else is already there and is staying for a few hours, and I’m really in trouble,' said La Seur. La Seur said she far prefers her EV over a gas car for daily driving, but 'I couldn't really advise having an EV as your only car at this point.'"

Big Green, Inc. is a business, and business is booming.

Committee To Unleash Prosperity (5/28/24) blog: "We’ve warned many times that the global warming hysteria has become a multi-billion money-raising racket. The “green” is about dollars, not protecting the environment. Now, Robert Bryce (our favorite climate change industry watchdog), has calculated the dollars flowing into just one element of the complex – nonprofit NGOs and foundations. He reports that what he calls the 'Anti-Industry Industry,' which includes 'the top 25 climate nonprofits are spending some $4.5 billion per year.' Show Me the Money! Just to put these numbers in perspective, the largest conservative think tank, the Heritage Foundation, has an annual budget of around $100 million. These groups spend 50 TIMES that much."

Energy Markets

WTI Crude Oil: ↓ $78.80
Natural Gas: ↓ $2.59
Gasoline: ↓ $3.56

Diesel: ↑ $3.87
Heating Oil: ↓ $242.35
Brent Crude Oil: ↓ $83.04
US Rig Count: ↑ 626

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