It's really, really hard

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DAILY ENERGY NEWS | 05/31/2024

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Team Biden needs a uniform set of talking points on the EV charging fiasco, Biden's Gaza pier is sinking as fast as his polling numbers, De Niro goes full crazy, and Kamala strikes again. All that and much more on the latest episode of The Unregulated Podcast, now streaming on our website or wherever you enjoy podcasts.

"By trying to force automakers to produce EVs, Buttigieg and the EPA want to trade reliance on domestically produced gasoline and diesel fuel for near-total reliance on Chinese metals, minerals, and magnets. It’s difficult to imagine a more foolish trade."

– Robert Bryce, Substack

God blessed Texas.

Just The News (5/30/24) reports: "Two Texas Republicans have introduced companion legislation in Congress to strike down a natural gas tax proposed by the Biden administration. U.S. Sen. Ted Cruz introduced a bill to prevent a newly proposed tax and eliminate a new methane emissions fee created in the Inflation Reduction Act. U.S. Rep. August Pfluger introduced the bill in the U.S. House of Representatives, which already passed. Both bills have multiple cosponsors. Both Cruz and Pfluger represent the oil and gas capital of the U.S. Cruz, from Houston, and Pfluger, from west Texas, have been pushing back against Biden administration policies attempting to stifle domestic production as Texas continues to lead the U.S. in oil and natural gas production...The real reason for increased energy costs, critics argue, are Biden administration policies, including over 200 actions taken against the U.S. oil and natural gas industry since January 2021, The Center Square reported. 'President Biden and Democrats have a plan for American energy: make it harder to produce and more expensive to purchase,' an Institute for Energy Research report states. 'Since Mr. Biden took office, his administration and its allies have taken over 200 actions deliberately designed to make it harder to produce energy here in America.'"

This guy must have had a pretty lousy childhood.

That annual election year ritual where Democrats who work tirelessly to put the oil and gas industry out of business try to shift the blame for higher gas prices...

Daily Caller (5/30/24) reports: "Numerous Democrats who have helped the Biden administration restrict fossil fuel development and production are now concerned about high gas prices as the 2024 elections loom. A group of 23 Senate Democrats — including Senate Majority Leader Chuck Schumer, Massachusetts Sen. Liz Warren and Pennsylvania Sen. Bob Casey — signed a Thursday letter to Attorney General Merrick Garland asking him to have the Department of Justice (DOJ) investigate major energy companies for allegedly colluding to raise gas prices for Americans and fatten their bottom lines. The suggestion that oil companies are illegally collaborating to rip off American consumers is not new to Democrats, who have revived the narrative as prices at the pump tick up ahead of the 2024 elections...Numerous economists and analysts, and even the CEO of Chevron, have credited the price increases in part to the Biden administration’s $1 trillion-plus climate agenda. The administration has made many decisions that restrict domestic oil and gas production, pushed aggressive environmental regulations impacting energy producers and established massive subsidy programs to favor sources of green energy like wind and solar. These choices have the combined effect of driving up prices that consumers pay at the pump and elsewhere over time, according to the American Energy Alliance, a right-leaning energy advocacy group. In January 2020, just before the onset of the pandemic, Americans paid an average of $2.55 per gallon for all types of gas, according to the EIA. Those figures have grown considerably since November 2020, the month that President Joe Biden won the presidential election; the average price sat at $3.61 per gallon in April 2024 after peaking at $4.92 in June 2022."

If you oppose carbon taxes in any form, take a stand and join 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

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: ↓ $77.62
Natural Gas: ↓ $2.56
Gasoline: ↓ $3.55

Diesel: ↓ $3.87
Heating Oil: ↑ $237.00
Brent Crude Oil: ↓ $81.82
US Rig Count: ↓ 615

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