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DAILY ENERGY NEWS | 08/09/2024
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** This week we welcome Minnesota’s own Isaac Orr to explain just how terrible Tim Walz's energy policies are and what this choice reveals about the DNC's priorities. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you enjoy podcasts.
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** "The EPA’s journey from its Nixon-era inception to its current state shows a need for reevaluation. The agency’s expanding budget, coupled with its diminished prominence in national policy discussions, calls for a serious examination of its efficiency and effectiveness."
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– Paola Talavera, Competitive Enterprise Institute ([link removed])

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Maduro would be so proud.

** Independent Journal Review ([link removed])
(8/2/24) reports: "California regulators have proposed a variety of government intrusions into the petroleum industry in order to combat future energy price surges, according to a report released Thursday by the California Energy Commission (CEC). As the Golden State continues to pursue its green agenda, the CEC expects some of California’s nine oil refineries to be shuttered due to falling demand, which would give the remaining refineries increased pricing power and raise the possibility of a surge in gas prices, the study concluded. To solve this problem, the commission proposed a variety of government interventions, including expanded regulation on private refineries, the establishment of state-owned refineries and an increase in imports. 'The deployment of ZEVs [zero-emission vehicles] and a robust mass transit system are critical for achieving the state’s climate goals, reducing local air pollution, and eventually eliminating dependence on the volatile global petroleum markets. As
demand for gasoline shrinks, refineries may close or convert to processing clean transportation fuels,' the report states. 'This will lead to fewer gasoline refineries, with increased market concentration and associated market problems that often accompany it.' To address the market concentration issue, the CEC proposed a variety of state interventions, including setting up state-owned refineries. 'The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,' wrote the study’s authors, with the scope of the initiative ranging from 'one refinery to all refineries in the state.'...Finally, the California Energy Commission proposed new regulations, 'requir[ing] refiners and terminals to maintain contingency reserves of gasoline fuel in refineries and terminals,' that they’d be required to release 'during price shocks.'"

Remind me again who the Russian asset is?

** Errors of Enchantment ([link removed])
(8/7/24) article: "In a presidential race in which Democrat Kamala Harris has not done a single interview (as of August 7) or outlined a single policy position on her website, a robust discussion of a relatively obscure policy area (liquefied natural gas exports) may be too much to ask. However, the US has spent hundreds of billions of dollars funding Ukraine’s war effort. And, the Biden Administration has stopped permitting LNG export terminals (we don’t know what happened as a result of a recent ruling). So, it was with interest that we noted that France had increased Russian LNG imports to 4.4 billion cubic meters of Russian natural gas in the first half of the year when compared to more than 2 billion cubic meters in the same period a year ago. In other words, while the US is spending big bucks to fund a war against Russia, the Biden Administration (to please its radical environmental base) is also throttling exports of LNG that could undermine Russia’s energy revenues. As the article
notes, supporters of Ukraine are not pleased. Will anyone make this point in the presidential campaign? We have no idea."

Say what you will about the Obama era, at least he was honest with voters.

** Energy Bad Boys ([link removed])
(8/6/24) article: "We interrupt our regularly scheduled Saturday Substack post to bring you this important bulletin: On August 6, 2024th, Democratic Presidential nominee Kamala Harris selected Minnesota Governor Tim Walz as the Vice Presidential candidate. No one has done more work analyzing Governor Walz's energy policies over the last six years than we have. Today, we detail the policies he has enacted or proposed in Minnesota and their implications for the nation. In short, Walz has never seen a California energy policy he didn't try to implement in Minnesota. His standard tactic has been the bait-and-switch, first proposing a seemingly moderate policy during election season and then lurching to the extreme end of the spectrum at his first opportunity. While campaigning for Governor in 2018, Walz said he was for a 'modest' increase in the gas tax, but he did not mention a specific amount. Once he was elected, he sought to raise the tax by 20 cents per gallon, a 70 percent increase. This
massive tax hike would have cost the average Minnesota family an additional $207 per year and made Minnesota’s gas tax the ** 4th highest ([link removed])
in the nation...When running for Governor in 2018, Walz campaigned on passing new wind and solar mandates requiring 50 percent of Minnesota's electricity to come from these resources by 2030. Then, in early 2019, he lurched again to a 100 percent carbon-free mandate by 2050.Then, in 2021, Walz decided to knock ten years off the target date for the proposed mandates, moving it up to 2040. This quadrupled down on the bad energy policy requiring 25 percent of the state's power to come from renewables by 2025, which has caused Minnesota's electricity prices to soar...Since the first wind and solar mandate was enacted in 2007, Minnesota's electricity prices have increased ** 1.67 times faster ([link removed]↦=ELEC.PRICE.US-ALL.A&freq=A&start=2007&end=2023&chartindexed=1&ctype=linechart&ltype=pin&rtype=s&pin=&rse=0&maptype=0)
than the national average...Our analysis found Walz's wind and solar mandates would cost $313 billion through 2050, causing electricity bills for families to increase by an average of $1,642 per year, or $136 per month, reaching an additional $2,934 by 2040."
** ([link removed])

This list will never have John Curtis on it. But if you oppose carbon taxes, let the world know by adding your name here. Take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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
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: ↑ $76.98
Natural Gas: ↑ $2.14
Gasoline: ↓ $3.45

Diesel: ↓ $3.77
Heating Oil: ↓ $235.47
Brent Crude Oil: ↑ $79.99
** US Rig Count ([link removed])
: ↓ 616



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