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DAILY ENERGY NEWS  | 09/06/2024
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The phrase "fracking ban" has gone out of vogue with Kamala and company, but their end goal is still the same.


Fox Business (9/3/24) reports: "Federal courts and the climate lobby are waging 'war' on the American oil worker by blocking fracking permits, Louisiana Sen. Bill Cassidy told FOX Business in response to a recent piece from the Wall Street Journal editorial board on Tuesday. The WSJ article homed in on restrictions placed on offshore drilling, emphasizing, in particular, a recent court ruling from Federal Judge Deborah Boardman which could, in their words, 'stop almost all offshore oil production in the Gulf of Mexico.' 'When the courts do these actions. They are against the American worker. They are against the American economy. They're also, by the way, since U.S. natural gas helps lower global greenhouse gas emissions. They're against the world environment. And they also say they're against our allies because our gas supports countries like Germany. It's overactive courts doing a heck of a lot of damage,' Cassidy told Stuart Varney. When Varney asked whether offshore drilling in the Gulf of Mexico could come to a halt, Cassidy replied: They're trying to 'increase the cost basis.' 'They don't want to ban fracking, so to speak. What they're trying to do is just death by a thousand cuts and, if you can never get the deal done, your costs rise, and finally you just walk away from it. You see projects where this happens, and they're doing it on the basis of ‘environmental justice,’ which is very difficult to define,' he said. 'Ultimately, this is a war on the American worker, the global environment and our allies.'"

"Wind and solar do not work as advertised by politicians, bureaucrats, and activists. The replacement of traditional thermal generation with less-dense, less-reliable energy is driven not by market demand or technological reality but by orders from capitol buildings around the country. We get effectively nothing from this transition." 

 

– Joshua Antonini,
Mackinac Center

You can have an all EV mandate, or you can have a functioning auto industry. But you can’t have both. No amount of tax-payer funded handouts can change that.


National Review (9/5/24) reports: "A multinational automaker prepared to lay off more than 2,000 American workers in August after benefiting handsomely from the Biden administration's subsidies for electric-vehicle production. Stellantis, the parent company to famous brands like Ram and Jeep, has been awarded hundreds of millions in grants from the federal government to promote its EV manufacturing. But the Biden administration's largesse has not prevented the company from laying off American workers. In July, the Department of Energy awarded Stellantis subsidiary Chrysler a $334.8 million grant to convert a shuttered Illinois plant into a facility for building EVs and another $250 million grant to make a transmission plant in Indiana suitable for manufacturing EV parts. Negotiations between the Department of Energy and grant awardees will take place to ensure the companies meet certain requirements for supporting workers and communities...As Stellantis shifts towards electrifying its fleet, the company has threatened to move Ram 1500 production from another plant outside Detroit to Mexico, United Auto Workers vice president Rich Boyer said last month with contract negotiations ongoing between the two sides."

I love how these politicians act like this is their money. Oh, and can someone do the math on this?

If only there was a way to produce reliable electricity, even in bad weather...


NBC LA (9/4/24) reports: "Parts of California will swelter in temperatures well above normal this week during a late-summer heat wave that will likely mean increased electricity demand. California's power grid operator issued a Heat Bulletin over the weekend in anticipation of the string of sizzling September days. The agency said the state's power grid is stable, but that power officials will be closely monitoring conditions as temperatures in many parts of the state soar into triple digits. The warmest temperatures are expected Thursday and Friday...After Flex Alerts, grid managers have several options before rotating power outages, such as tapping backup generators, buying more power from other states and using so-called demand response programs, where people are paid to use less energy...In August 2020, Cal ISO issued a Flex Alert followed by its first Stage 3 Alert since 2001. Eventually, the grid stabilized and utilities began restoring electricity that had been taken out of service. Temperatures around the state hit triple digits in many areas, and air conditioning use increased. In addition, cloudy weather from the remnants of tropical weather system reduced power generation from solar plants."

If you oppose a carbon tax, fee, or tariff, take a stand and contact us.

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: ↓ $68.00
Natural Gas: ↑ $2.27
Gasoline: ↓ $3.29
Diesel: ↓ $3.67
Heating Oil: ↑↓ $160.43
Brent Crude Oil: ↓ $71.43
US Rig Count: ↑ 621

 

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