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DAILY ENERGY NEWS | 07/09/2024
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** Some would call it "disingenuous" to wait until after your primary to roll out your carbon tax bill.
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E&E News ([link removed]) (7/9/24) reports: "Amid fierce opposition from conservative activists and some oil and gas interests, a bipartisan contingent of House members is set to introduce legislation that could one day pave the way for carbon import tariffs. It’s a major victory for a group of lawmakers and their allies who have been working toward this moment for more than a year. Reps. John Curtis (R-Utah) and Scott Peters (D-Calif.) are unveiling their version of the 'Providing Reliable, Objective, Verifiable Emissions Intensity and Transparency (PROVE IT) Act' on Tuesday, leading a total of 19 co-sponsors almost equally divided between their two parties. Like the Senate bill of the same name, S. 1863, from Sens. Chris Coons (D-Del.) and Kevin Cramer (R-N.D.), the House companion would simply call for a Department of Energy study of the carbon intensity of nearly two dozen domestic industrial imports...Curtis said he was
consumed with his successful Senate Republican primary race in late June, which will all but guarantee him victory in November in a solidly red state — though he dismissed suggestions that he held off advancing the bill to avoid it becoming a political distraction on the campaign trail. In the lead-up to that primary, a conservative energy advocacy group known as the American Energy Alliance spent $100,000 on digital ads accusing Curtis of conspiring to 'make energy more expensive.' Curtis pointed to such efforts to undermine the legislation as 'disingenuous.'"
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** "People just want to be free to make their own economic and transportation choices and not have some unelected bureaucrat making those decisions for them."
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– Duggan Flanakin, Committee For A Constructive Tomorrow ([link removed])
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Big Green, Inc. has their thumb on the scale in Arizona.
** Restoration of America ([link removed])
(7/3/24) reports: "Arizona Democrat candidates seeking to acquire U.S. House and Senate seats may want to take a hard look at a not so green, green energy company in which they have made sizeable investments. Either that, or they may be forced to back pedal on climate change initiatives they have publicly supported. Arizona Democrats like Rep. Ruben Gallego, for instance, have proudly touted his support for climate initiatives folded into the so-called Inflation Reduction Act. On his website, the Democratic congressman claims the legislation will result in 'cheaper, more sustainable energy' and that it 'will bring thousands of jobs' to Arizona. Gallego has earned the endorsements of progressive environmental groups like the Sierra Club and the League of Conservation Voters in return for voting in line with their policy preferences. Gallego is currently running for the open U.S. Senate seat Kyrsten Sinema, the incumbent Democrat, is vacating...Big Green Inc., a project of the Institute for
Energy Research, a think tank based in Washington that favors free market policies, shows that left-leaning institutions such as Tides Foundation, the William and Flora Hewlett Foundation, the Rockefeller Foundation, and the Energy Foundation, to name just a few, have pumped substantial grants into Arizona. The grants support progressive environmental causes worth tens of thousands, and in some instances, hundreds of thousands of dollars each. That’s a lot of money and influence to overcome, which means the only way out for the Arizona Democrats may be to distance themselves from Aspiration. For Cherney, especially, this would be a complicated process."
What role will Biden's war on energy play in the election? AEA's Dan Kish weighs in on the latest episode of ** The Energy Show ([link removed])
.
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Another four years of this and Alaska won't have much left to go on.
** Just The News ([link removed])
(7/8/24) reports: "The Interior Department last Friday blocked 28 million acres of federal land in the state of Alaska from any mining or oil and gas development. Rick Whitbeck, Alaska state director for Power The Future, said the decision on D-1 lands removes an area the size of the state of Pennsylvania from resource development, which will have severe energy impact to the nation and the state of Alaska. 'Today’s double-whammy attack on Alaska’s resource development opportunities makes 65 times the Biden administration has targeted our state’s energy and economic future. This administration has completely kowtowed to radical environmentalists in an effort to gain favor at the ballot box. Placing 28 million acres off-limits to responsible development is foolhardy, and only empowers China, Russia and other enemies of our Republic,' Whitbeck told Just the News...Former President Donald Trump had approved the permit to build the road in 2020, but after Joe Biden was elected, Interior
Secretary Deb Haaland ordered a new analysis, arguing that the Trump-era studies had been inadequate."
Energy Markets
WTI Crude Oil: ↓ $81.75
Natural Gas: ↓ $2.40
Gasoline: ↑ $3.51
Diesel: ↑ $3.86
Heating Oil: ↓ $254.99
Brent Crude Oil: ↓ $85.17
** US Rig Count ([link removed])
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