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DAILY ENERGY NEWS | 06/05/2024
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** Promises made, promises kept. Kudos to Governor Youngkin for overthrowing the California tyrants and putting Virginians in the drivers seat.
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ABC News ([link removed]) ([link removed]) (6/5/24) reports: "Governor Glenn Youngkin has announced the end of the California electric vehicle mandate in Virginia. According to a press release by the office of the governor, the end of the mandate will be effective at the end of 2024 when California’s current regulations expire. An opinion from Attorney General Jason Miyares says that Virginia is not required to comply with new mandates adopted by the California Air Resources Board (CARB) set to take effect on Jan. 1, 2025. 'The idea that government should tell people what kind of car they can or can’t purchase is fundamentally wrong. Virginians deserve the freedom to choose which vehicles best fit the needs of their families and businesses,' Youngkin said. According to the office of the governor, Under Advanced Clean Cars II, beginning in Model Year 2026, 35% of the
new cars sold would have been required to be electric vehicles, moving up to 100% in 2035. If an auto manufacturer sells a standard vehicle out of compliance with California’s mandate, the governor’s office says they would have been required to pay a fine upwards of $20,000 per vehicle sold."
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** "The idea that government should tell people what kind of car they can or can’t purchase is fundamentally wrong. Virginians deserve the freedom to choose which vehicles best fit the needs of their families and businesses."
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– Governor Glenn Youngkin (R-VA) ([link removed].)
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Have any of these people ever experienced a winter in New York? What's the battery range for an EV in a blizzard?
** Public News Service ([link removed])
(6/4/24) reports: "New York elected officials are kicking off a tour to tout the benefits of electric vehicles. The Elected Officials to Protect America tour is planning stops in New Jersey, Pennsylvania and Georgia, to encourage state leaders to transition their states to EVs. New York climate goals stipulate all new cars sold in New York will be all-electric by 2035. Asm. Angelo Santabarbara, D-Amsterdam, said climate change's growing impacts make the transition necessary. 'The fact is, our world is facing serious climate change issues and we've been seeing this for quite some time,' Santabarbara pointed out. 'We are also seeing the effects of that. We've seen it year after year. From the first year I've been in office, I've seen the effects of climate change devastate our communities, from flooding to fires.'"
Say what you will about the draconian speech regulations in the U.K., but it's nice to see them used to keep the media honest for once...
** Daily Sceptic ([link removed])
(6/4/24) article: "Regular readers of my Substack might recall that back in April, I wrote an article rebutting a blatant piece of propaganda that appeared in an advertorial in the Guardian, paid for by the National Grid. I complained to both the Guardian and the Advertising Standards Authority (ASA) and there is both good news and bad news to report. The bad news is that the Guardian dismissed the complaint saying:
Colleagues have been through the piece in light of your comments, and do not believe that there is a basis for amending the copy of the article.
The good news is the ASA appear to have taken a dim view of the article. Its response noted that the article has now been removed from the Guardian’s website and it said:
We have decided to resolve your complaint through the provision of advice to the advertiser. Therefore, we have explained the concerns raised to the advertiser and provided it with guidance on how to ensure that its advertising complies with the Codes both now and in future.
It is not clear whether the withdrawal of the article is related to the 'advice' it gave or whether it is merely a coincidence. However, it is becoming increasingly clear that renewables are an expensive source of power and false claims can no longer be made in the press. I think we should chalk this up as some sort of victory."
Dear Joe: Why did YOU write YOUR law so poorly? YOU could have given them zero discretion.
** Reuters ([link removed])
(6/4/24) reports: "U.S. Senator Joe Manchin said on Tuesday he was urging U.S. companies to sue the Treasury Department over the local content rules it set for companies to receive clean energy tax credits under the Inflation Reduction Act (IRA). Manchin told U.S. Treasury Secretary Janet Yellen during a hearing of the Senate Appropriations Committee that U.S. manufacturers were being damaged by the content rules, which he said Treasury had halved from the original language in the law. 'I'm encouraging every manufacturer to sue you, and I will do the amicus brief on (their) behalf .... and you'll lose every suit,' he said, holding up posters comparing the content requirements included in the legislation with those set in final rules by Treasury, which is implementing the IRA. Manchin, often a thorn in the side of the Biden administration, last week left the Democratic Party and registered as an independent, blasting what he called 'partisan extremism' in both major parties. The 76-year-old
West Virginia lawmaker has been particularly incensed by Treasury's implementation of the IRA, arguing that its final local content rules have watered down the original intent of the bill and are hurting U.S. companies. He said last month that Treasury's final rule allowing automakers another year to use Chinese graphite and other critical minerals in battery production before switching to domestic sources would 'break the law.'"
Energy Markets
WTI Crude Oil: ↑ $73.55
Natural Gas: ↑ $2.68
Gasoline: ↓ $3.50
Diesel: ↓ $3.84
Heating Oil: ↑ $230.70
Brent Crude Oil: ↑ $77.84
** US Rig Count ([link removed])
: ↓ 614
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