Meet the new boss

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DAILY ENERGY NEWS | 07/24/2024

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I wish we could say she is the same as the old boss, but alas she is much worse.

Forbes (7/23/24) reports: "Now that Joe Biden has withdrawn from his re-election bid and Kamala Harris is the presumptive nominee of the Democratic Party, it is important to examine what a Harris-led set of energy policies would look like. The vice president has never really been involved in formulating and enacting energy policy, but her public utterances on the topic through her years in public office in California and Washington, D.C. make clear that she holds views that run to the left of even Joe Biden. While mounting her first run for the U.S. Senate in 2016, then-California Attorney General Harris endorsed the concept of bringing her state’s costly cap-and-trade scheme with her to the nation’s capital. She also endorsed then-Governor Jerry Brown’s proposal to ban plastic straws. Climate Wire reported July 9, 2024 that, 'One of Harris’ last acts as the California attorney general, just weeks before she entered the U.S. Senate, was to sue the Obama administration over its plan to allow fracking off the Pacific Coast.' Once elected to the Senate, Harris set about opposing most of Donald Trump’s energy plans, including the effort by Trump’s Department of the Interior to offer up to 90% of US offshore waters for oil and gas leasing. Also, while Senator, Harris chose to become a co-sponsor of the Green New Deal, a plan to transform the entire US economy introduced by Congresswoman Alexandria Ocasio Cortez (D-NY) and Senator Ed Markey (D-MA) in early 2019. That plan went nowhere in the congress, but some elements of the Biden/Harris suite of energy and climate policies may as well have used the Green New Deal as an instruction manual...Thomas Pyle, President of the Institute for Energy Research, a pro-energy think tank based in Washington, D.C., is not optimistic. 'She is and has always been squarely in the camp of the fringe green left of the Democratic Party,' he told me Tuesday in an email. 'If she is indeed coronated and goes on to win, you can bet she will double down on the disastrous Green New Deal. No more leases on federal lands, no more natural gas pipelines, and more green subsidies for big corporations. On top of that, I wouldn’t be surprised if she directed her Department of Justice to go after oil and natural gas companies for ‘climate crimes’ as well.'"

"Agencies are doing end-runs around Congress as well as the protections that exist in the legislative process that ensure laws have proper buy-in, consider the interests of all Americans, and reflect the will of the people."

– Daren Bakst, CEI

There is only one candidate who is not in the pocket of Big Green, Inc. and that's why they are fighting so hard against him.

E&E News (7/24/24) reports: "As former President Donald Trump returns to the campaign trail after last week’s Republican National Convention, questions linger about how much he would be able to implement his energy agenda if elected, and how much he would oppose low-carbon technologies. In his speech in Milwaukee last week, Trump slammed federal funding for electric vehicle chargers, vowed to lower energy costs and 'drill, baby, drill.' 'We will end the ridiculous and actually incredible waste of taxpayer dollars that is fueling the inflation crisis. They’ve spent trillions of dollars of things having to do with the green new scam,' Trump said...Kenny Stein, vice president of policy at the conservative Institute for Energy Research, said he didn’t think Trump would make a push against the technology, but 'I would not expect any regulatory help for CCS, as far as mandating CCS or setting emission standards so low that CCS is effectively required.' If elected, Trump is also expected to try and block EPA’s rules, which identify CCS as a 'best system of emission reduction.' Referencing Project 2025, Stein said the technology could create a split 'between what conservatives and small government folks might want and what the Trump administration is probably going to pursue.'"

What's inconvenient about that?

Just The News (7/23/24) reports: "In the next decade, electric vehicle owners may find themselves waiting up to an hour to get a chance to charge their cars, unless the number of DC fast charging stations increases five-fold by 2050. New research by the Energy Policy Research Foundation (EPRINC), a nonpartisan, not-for profit think tank founded in 1944, finds that the United States' charging infrastructure will have to expand greatly to satisfy projected demand that will arise from all the electric vehicles that automakers will be required to produce under the recently finalized Corporate Average Fuel Economy (CAFE) standards. The National Highway Traffic Safety Administration’s (NHTSA) CAFE standards were finalized in June, and they limit the amount of carbon dioxide a vehicle can emit per mile. Together with the Environmental Protection Agency’s tailpipe standards, which were finalized in March, the Biden administration is attempting to pressure automakers to transition their lines to EVs. Anticipating the final CAFE standards, a dozen Republican lawmakers in January wrote to NHTSA Deputy Administrator Sophie Shulman saying the rules 'amount to a de facto mandate for electric vehicles that threatens to raise costs and restrict consumer choice, harm U.S. businesses, degrade our energy and national security and hand the keys of our automotive industry over to our adversaries, especially China.'"

Big Tech is going to have to come to terms with the fact that they have been feeding the false narrative that intermittent renewables can provide us with the energy we need and save the world...

The Guardian (7/23/24) reports: "Ireland’s energy-hungry datacentres consumed more electricity last year than all of its urban homes combined, according to official figures. The country’s growing fleet of datacentres used 21% of its electricity, an increase of a fifth on 2022, according to the Central Statistics Office. It was the first year that datacentres supporting the Irish tech hub surpassed the electricity used by homes in its towns and cities, which consumed 18% of the grid’s total power last year. Experts have raised concerns that the sudden surge in power demand driven by datacentres could derail climate targets in Ireland and across Europe. Google, which has based its European headquarters in Ireland, said earlier this month that its datacentres risked delaying its green ambitions after driving a 48% increase in its overall emissions last year compared with 2019...Ireland relied on fossil fuels for more than 50% of its electricity last year, of which 45% was generated by gas plants and the remainder from burning coal, peat or oil. Wind power made up 34.6% of Ireland’s electricity, while solar contributed 1.2%."

Energy Markets

WTI Crude Oil: ↑ $77.57
Natural Gas: ↑ $81.50
Gasoline: ↑ $3.51

Diesel: ↑ $3.83
Heating Oil: ↑ $243.32
Brent Crude Oil: ↑ $81.50
US Rig Count: ↓ 609

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