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DAILY ENERGY NEWS  | 08/01/2024
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American gas can save the world.


Discourse Magazine (7/31/24) op-ed: "On January 26, 2024, the U.S. Department of Energy (DOE) announced that it would be temporarily pausing its review of all liquified natural gas (LNG) export applications to non-free trade agreement countries. DOE justified the pause by claiming that it needed to review, and possibly alter, the process for analyzing economic and environmental impacts of all future projects seeking approval for exporting to European and Asian markets. After many months of uncertainty and unclear direction from DOE, on July 1, 2024, Judge James Cain of the Federal District Court in Louisiana issued a preliminary injunction against the temporary LNG permitting pause—upholding a stay request from 16 states. In the long term, however, the fate of the permitting pause may depend on the 2024 election results...The U.S. has an abundance of LNG that has proven to be a vital tool in hard-power balancing against Russian influence in Europe. Expanded access to American natural gas will provide the U.S. and its allies with highly coveted energy independence, which is crucial to long-term American national security. Given the combined economic and geopolitical benefits of increasing LNG exportation, it remains in the best interest of the U.S. to resume LNG export permitting and expanding natural gas drilling operations—a primary reason why the recent preliminary injunction by Judge Cain against the LNG export permitting pause is so important."

"If anything, Vice President Kamala Harris (perhaps because of her California roots) is even more zealous than President Biden on the electric vehicle revolution, despite the fact that the $42 billion fast-charging initiative she is in charge of has to date produced nine stations." 

 

Duggan Flanakin,
Committee For A Constructive Tomorrow

4 years of practicing "build, back, better" gets you 55 miles of transmission line.


Utility Dive (7/30/24) reports: "Utilities and other transmission developers brought 55 miles of high-voltage transmission lines into service in 2023, according to a report released Tuesday by Grid Strategies. Through May this year, one project — the 125-mile, 500-kV Delaney-to-Colorado line between Arizona and California — has started operating, Grid Strategies said, citing the Federal Energy Regulatory Commission. High-voltage transmission construction — 345-kV or greater — has fallen since the early 2010s when about 1,700 miles was added each year on average, according to the report. High-voltage additions fell to 925 miles on average from 2015 to 2019, and 350 miles a year from 2020 to 2023, Grid Strategies said."

At least she's honest about her desire for a carbon tax, unlike some on Capitol Hill...

America's energy future is on the line this November. Our recent research on America's Energy Inventory shows what's at stake, as heard on the Mark Davis Show.

You've heard of the "Big Sky State," well its neighbor is quickly turning into the "Big Dump State." All thanks to Big Green, Inc.


Cowboy State Daily (7/30/24) reports: "A half-shredded blade hanging from a wind turbine just off Interstate 80 west of Cheyenne is a reminder that these towering electricity generators are not immune to the sometimes-violent hail and lightning storms that roll through southeastern Wyoming. A single wind turbine tower with a destroyed blade hangs from the nacelle of one of those just a few hundred feet north of I-80. It’s hard to miss. It’s half the size of a 130-foot-long blade and has what looks like hundreds of hair-like strands of rope left behind when lightning blasted the fiberglass-reinforced material. Laurie Farkas, a spokeswoman for Black Hills Energy, confirmed that the blade was damaged by a lightning strike July 17 at the Corriedale wind farm west of Cheyenne. The wind farm is jointly owned by Black Hills Energy’s electric utilities in South Dakota and Wyoming...The municipal landfill in Casper has become the final resting spot for hundreds of blades that have reached the end of their life expectancy after 20 or 25 years. This landfill also could become the final burial ground for the damaged blade from Cheyenne as wind farms from around the state of Wyoming and surrounding region send their blades here. In a statement issued to Cowboy State Daily, Cindy Langston, Casper’s Solid Waste Division manager, said the Cheyenne blade may end up going elsewhere as the city has stopped accepting blades since the pandemic. According to one 2017 study, the global wind industry will produce 43 million tons of blade waste by 2050. The United States will account for 16% of that total amount."

Energy Markets

 
WTI Crude Oil: ↑ $77.99
Natural Gas: ↑ $2.09
Gasoline: ↓ $3.48
Diesel: ↓ $3.81
Heating Oil: ↑ $243.83
Brent Crude Oil: ↑ $81.04
US Rig Count: ↓ 608

 

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