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DAILY ENERGY NEWS | 09/02/2024
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** Today we are thankful for everyone working to keep the lights on across this great country.
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Institute for Energy Research ([link removed]) (8/30/24) blog: "Labor Day provides an opportunity to appreciate how inanimate energy has improved productivity and increased leisure. Energy is defined as the capacity to do work. Work is labor, and the more done by inanimate energy, the greater the reward. For much of human history, the ability to do work was limited by the strength of men, women, children, and animals. But by harnessing massive amounts of energy through machine work, the amenities of modern life sprang into being. A life of opulence once took hundreds of human helpers. Approximately 500 were required to create meals for King Louis XIV at Versailles in 1700. Today, the typical supermarket has far more food choices than available to this ruler living in the world’s richest palace."
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** "The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries."
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– ([link removed]) Winston Churchill ([link removed])
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Energy Markets
WTI Crude Oil: ↓ $73.40
Natural Gas: ↑ $2.16
Gasoline: ↓ $3.33
Diesel: ↓ $3.69
Heating Oil: ↓ $226.76
Brent Crude Oil: ↓ $76.80
** US Rig Count ([link removed])
: ↓ 628
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