Binary choices

View this email in your browser

DAILY ENERGY NEWS | 09/18/2024

Subscribe Now

You can have a modern economy or you can have windmills, but you can’t have both.

Bloomberg (9/16/24) reports: "Natural gas is back in favor in the US. In the first six months of this year, power producers announced plans to build more gas-fired capacity than they did in all of 2020. That’s in large part a result of soaring demand from data centers, new manufacturing facilities and electric vehicles. 'This gas business is going into a great decade,' GE Vernova Inc. boss Scott Strazik said last week as he revealed his company’s gas-turbine production capacity is set to grow by a third. It’s a remarkable change of fortune for gas power in America. Just a few years ago, climate goals and plummeting clean-energy prices supported the notion that the US was nearing peak consumption. That was before the startling growth of artificial intelligence. Electricity use by AI data centers alone is poised to grow as much as 10-fold by 2030. While some tech customers are investing in green energy to meet that demand, utilities and power providers also plan new gas-fired generation to fill the gap. Climate advocates are understandably dismayed."

"Paying closer attention to [the] emotions and mental health in communities of color, including how they shape reproductive plans, will become an increasingly important component of climate justice in the United States."

– Jade S. Sasser,
Department of Gender & Sexuality Studies at UC Riverside

Has anyone told Congressman Allred he’s running in Texas?

The Center Square (9/18/24) reports: "At a recent campaign event in Houston, U.S. Rep. Colin Allred, a Dallas Democrat, said his energy policy doesn’t have to be 'an either or’ approach and 'promised to protect oil and gas jobs as part of an all-of-the-above approach.' Allred is challenging incumbent U.S. Sen. Ted Cruz, a Republican from Houston...On Sunday, Allred’s campaign published an endorsement by the Natural Resources Defense Council, a group committed to banning fracking and “fighting to protect public lands from oil and gas development.” It also supports the Biden-Harris administration’s liquified natural gas export ban and its political action committee has endorsed Vice President Kamala Harris for president. President Joe Biden and Harris have vowed to ban fracking for years and also have taken over 200 actions against the U.S. oil and natural gas industry, according to an analysis. Banning fracking would cost Texas 3.2 million jobs, according to a study published by the U.S. Chamber of Commerce’s Global Energy Institute, and a loss of $1.5 trillion to its GDP. Gov. Greg Abbott and the Texas legislature oppose it and other federal actions, including restrictions on natural gas appliances supported by NRDC. When posting NRDC’s endorsement on Instagram, Allred said, “I’m proud of the work that I’ve done to ensure we take an all-of-the-above energy approach that addresses the climate crisis,” according to a screenshot of the post, which has since been removed. When asked about the endorsement or removing it, his campaign didn’t respond...Cruz also received a similar A+ ranking from the American Energy Alliance, which endorsed him as 'a steadfast champion of American energy independence, standing firm against policies that harm our energy sector and drive up costs for Texas families and businesses alike.' The AEA gave Allred a D grade for his voting record on energy policy."

The choice is clear. Senator Cruz is the energy candidate.

The Biden-Harris admin values "indigenous knowledge" over all other considerations. Unless, of course, tribal leadership opposes Big Wind.

Epoch Times (9/17/24) reports: "Officials from the Confederated Tribes of Coos, Lower Umpqua, and Siuslaw Indians have filed a lawsuit to delay the U.S. government’s first-ever wind energy auction for the Oregon coast, currently scheduled for Oct. 15. Filed on Sept. 13, the lawsuit challenges the Bureau of Ocean Energy Management’s (BOEM) environmental assessment and decision to proceed with the development of two offshore wind energy areas (WEAs). The WEAs would encompass approximately 195,000 acres between 18 and 32 miles offshore from the coastal communities of Coos Bay and Brookings...The tribe says that the Oregon WEAs are within its ancestral territory, contain critical fish and marine wildlife habitat, offer viewsheds of significant cultural and historic significance, and are important for commercial fishing...The tribe calls BOEM’s approval of the lease sale politically motivated and rushed...'The timeframe for wind development appears to be driven by politics, rather than what is best for Coastal residents and the environment.' Kneaper said...The lawsuit alleges that, in a June 6 meeting with tribal representatives, BOEM Director Elizabeth Klein said she had specific political direction from the White House to complete offshore wind projects. Klein repeated this assertion during a meeting with the tribe on July 31, the lawsuit alleges."

Energy Markets

WTI Crude Oil: ↓ $70.61
Natural Gas: ↑ $2.36
Gasoline: ↑ $3.21

Diesel: ↓ $3.59
Heating Oil: ↓ $213.42
Brent Crude Oil: ↓ $73.16
US Rig Count: ↓ 622

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect with us on Facebook

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 525
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list