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DAILY ENERGY NEWS | 07/05/2024

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California is a dumpster fire and yet Governor Gavin has enough free time to to run around the country cheerleading for Joe Biden and starting podcasts with former football players. 🤔

Politico (7/3/24) reports: "California Gov. Gavin Newsom — who has campaigned against fossil fuels with Jane Fonda and texts with Snoop Dogg — has a new celebrity alliance. The Democratic governor will premier a weekly podcast opposite the former NFL star running back Marshawn “Beast Mode” Lynch and his agent Doug Hendrickson. Both are friends with the governor, who advisers say has been planning the new program for more than a year. The Wednesday announcement for 'Politickin’,' which debuts July 15 on iHeartPodcasts, comes as the Democratic Party grapples with the chaos unleashed by President Joe Biden’s politically disastrous debate on Thursday. Newsom, a top Biden surrogate with his own national ambitions, has stood closely by the president and made several appearances after last week’s debate in Atlanta to defend his competency and urge calm."

"America cannot turn its back on the energy abundance that made it the most advanced and greatest nation on Earth."

– Miles Pollard,
The Heritage Foundation

So much for that whole net-zero thing.

AP (7/2/24) reports: "Three years ago, Google set an ambitious plan to address climate change by going “net zero,” meaning it would release no more climate-changing gases into the air than it removes, by 2030. But a report from the company Tuesday shows it is nowhere near meeting that goal. Rather than declining, its emissions grew 13% in 2023 over the year before. Compared to its baseline year of 2019, emissions have soared 48%. Google cited artificial intelligence and the demand it puts on data centers, which require massive amounts of electricity, for last year’s growth. Making that electricity by burning coal or natural gas emits greenhouse gas emissions, including carbon dioxide and methane, which warm the planet, bringing more extreme weather. The company has one of the most significant climate commitments in industry and has been seen as a leader...Some experts say the rapidly expanding data centers needed to power AI threaten the entire transition to clean electricity, an important part of addressing climate change. They often are built where electricity is cheapest, not where renewables, such as wind and solar, are a key source of energy."

Is Joe the coherent and moderating voice in #TeamBiden?

Glad Special K entered retirement. This might have been too much for him to bear.

Economic Times (7/4/24) reports: "India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal to address surging power demand. Electricity generated from coal grew 10.4 per cent during six months ended June 30, a review of daily load despatch data from Grid-India showed, outpacing overall power generation growth of 9.7 per cent during the period. Solar power generation in the third-largest producer of electricity from the sun rose to 63.6 billion kilowatt-hours (kWh) in the first half of 2024, the data showed, up 14.7 per cent compared with the same period last year and 18.5 per cent in the calendar year 2023. The world's fastest growing major economy has prioritised coal to address a surge in power demand in recent years, with coal-fired power output last year outpacing renewable energy output for the first time since the Paris accord in 2015."

If you oppose a carbon tax, take a stand and contact 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

Adam Brandon, FreedomWorks

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: ↑ $84.49
Natural Gas: ↓ $2.35
Gasoline: ↑ $3.51

Diesel: ↑ $3.84
Heating Oil: ↑ $264.44
Brent Crude Oil: ↑ $87.91
US Rig Count: ↑ 626

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