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DAILY ENERGY NEWS | 06/13/2024
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** Energy issues are shaping elections across the globe. Find out how on the latest episode of The Unregulated Podcast. Now streaming on our website ([link removed]) , or wherever you enjoy podcasts.
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** "As long as people have a choice, they won’t buy EVs in numbers that California regulations are requiring. Fortunately, Virginia is taking a smarter route."
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– Diana Furchtgott-Roth, The Heritage Foundation ([link removed])
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Your can't out run reality, regardless of what you mandate.
** Daily Caller ([link removed])
(6/11/24) reports: "The grid operator overseeing New York is warning that the Democrats’ green energy agenda is pushing the grid toward blackouts. The New York Independent System Operator (NYISO), which oversees and manages the state’s power grid, published its 2024 Power Trends report last week assessing the outlook for energy supply and demand in the region over the next several years. The report warns that the electrification agenda pursued by New York Gov. Kathy Hochul and her fellow Democrats is pushing the state’s grid toward conditions for blackouts as soon as this summer. 'New York’s public policies are increasingly prioritizing clean energy production and a rapid transition away from fossil fuels,' NYISO President and CEO Rich Dewey wrote in a letter featured in the report. 'It is imperative that during this time of rapid change we maintain adequate supply necessary to meet growing consumer demand for electricity. Power Trends shows that achieving this balance will be the central
industry challenge over the next decade.' The report emphasizes how increasing adoption of electric vehicles (EVs) and electric heating in the state are adding demand while fossil fuel-fired power generation facilities are being retired at a rate that exceeds the new green energy generation coming online to make up for lost capacity. "
You'd have to be drunk to buy this.
** ([link removed])
The Big Green, Inc. sales pitch: "Pay us to irrevocably destroy an unique American ecosystem so we can maybe change the weather in 100 years."
** National Review ([link removed])
(6/12/24) reports: "Your tax dollars will subsidize a solar company cutting down thousands of protected and rare Joshua trees and destroying habitat for the endangered desert tortoise to make way for a massive energy project in California. The 2,300-acre Aratina Solar Project west of Barstow is intended to generate 530 megawatts of electricity. But it has infuriated residents with construction dust and a likely threat to centuries-old trees and endangered desert tortoises that are the official state reptile of California and Nevada, the usual environmental safeguards so prevalent in California notwithstanding. Avantus, the company behind the project, has received over $1 billion in federal money in the last decade and $124 million in federal money in 2023 alone. It operates its own political-action committee, which naturally donates almost exclusively to Democrats. 'Let’s destroy the environment to save the environment. That seems to be the mentality,' local teacher Deric
English told the Los Angeles Times. 'It’s hard to comprehend.'...'While individual trees will be impacted during project construction, clean energy projects like Aratina directly address the existential threat of climate change caused by rising greenhouse gas emissions that threaten vastly more trees' the company wrote online. The environmental-impact statement notes that roughly 4,700 Joshua trees grow on the site."
Energy Markets
WTI Crude Oil: ↑ $78.52
Natural Gas: ↓ $3.00
Gasoline: ↑ $3.46
Diesel: ↓ $3.78
Heating Oil: ↑ $246.45
Brent Crude Oil: ↑ $82.67
** US Rig Count ([link removed])
: ↓ 621
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