The last place for an EV

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DAILY ENERGY NEWS | 09/27/2024

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"Do we have time to wait in the charging line and still evacuate?"

WINK (9/25/24) reports: "When it comes to electric vehicles (EVs), safety during a tropical storm or a hurricane is paramount as Hurricane Helene approaches. According to the Florida Division of Emergency Management (FDEM), EV drivers should maintain their batteries charged at 100% if they plan on evacuating. It’s best to avoid relying on charging stations along the evacuation route as there may be power outages or long lines. It’s also important not to drive through flood waters or leave an EV behind, such as in a garage in flood-prone areas. If water gets into an EV’s high-voltage battery, it can damage it or heighten the risk of a battery fire. FDEM also warned never to attempt to drive or charge an EV that has been submerged in floodwaters. If an EV battery has been exposed to floodwater or any devices containing lithium-ion batteries, FDEM said to dispose of it properly, not tossing it in regular trash. Using or charging batteries that have been exposed to floodwaters poses a risk of fire."

"Please keep [Floridians in the path of the Hurricane Helene] in mind and keep them in your prayers."

– Gov. Ron DeSantis (R-FL)

We know who OPEC will be rooting for in November.

Rig Zone (9/27/24) reports: "If Brent prices remain below $80 per barrel, OPEC will have to consider cutting production. That’s what Al Salazar, Director at Enverus Intelligence Research (EIR), told Rigzone in an exclusive interview last week when asked what is likely to happen at the next OPEC+ meeting in December...When asked the same question, Alex Stevens, the Manager of Policy and Communications at the Institute for Energy Research (IER), said this week, 'during the December meeting … voluntary cuts are likely to be reassessed in light of ongoing global conflicts affecting demand and trade routes, such as tensions involving the Houthis in the Red Sea and the Russia-Ukraine war.' 'The outcome of the U.S. presidential election will also be a factor; a victory for Kamala Harris should be seen as beneficial for OPEC+,' he added in an exclusive interview with Rigzone...'This would potentially weaken American oil and gas production, reducing the U.S. as a competitive threat to OPEC+’s market influence,' Stevens went on to state. The IER representative highlighted to Rigzone that, in early June, 'OPEC+ decided to extend most of its oil production cuts into 2025 due to significant growth in American production, variable demand, and high interest rates.'"

Get woke, go broke.

Wall Street Journal (9/26/24) editorial: "CEOs once thought they could make progressive promises at little cost. They’ve learned that’s not true on racial preferences, and now comes the political trap on climate policy. We’ve told you about the lawsuit by New York Attorney General Letitia James against JBS USA Food Co. Her claim is that the world’s largest beef producer has misled the public by targeting net-zero greenhouse-gas emissions by 2040. Ms. James says the claims are fraudulent and 'constitute deceptive business practices and false advertising.' No progressive promise by business goes unpunished, and other companies may be targeted in the same way. Progressive groups have followed Ms. James, filing a lawsuit against Tyson on Sept. 18 for the net-zero claims and for boasting about its 'climate smart beef.' Now state Attorneys General on the other side of the political spectrum are echoing her concerns. On Thursday AGs Brenna Bird of Iowa, Kris Kobach of Kansas, Mike Hilgers of Nebraska and Tennessee’s Jonathan Skrmetti sent letters to three prominent food companies that sell beef warning that their climate commitments may put them at risk for litigation. 'Those policies embrace impossible-to-achieve goals that create potential for consumer fraud violations,' the AGs wrote to Target Corp., Tyson Foods and Ahold Delhaize USA."

If the economics do not work, the consumer will not accept it.

Financial Times (9/27/24) reports: "Heat pump sales across Europe fell by 47 per cent in the first half of the year as consumers lost enthusiasm for switching away from gas boilers, putting more pressure on the EU’s green agenda. In the first six months of 2024, just 765,000 heat pumps were sold across the 13 major European countries, including France, Italy, Germany and Sweden, which collectively account for 80 per cent of the market, according to the European Heat Pump Association (EHPA). Sales fell from 1.44mn in the same period last year, as fewer subsidies and lower gas prices lessened the incentive for households to switch away from gas boilers...Germany had hoped to become a pioneer in the switch to the new technology but a law introduced last year to encourage people to replace their gas and oil-fired boilers with heat pumps prompted a massive public backlash and the government eventually retreated and watered down the proposals. 'The struggles of Europe’s heat pump sector offer a read-across to the challenges Europe is facing across its energy transition,' said Luke Sussams, an analyst at Jefferies, in a research note. He said the faltering sales of heat pumps in the first half of the year suggested that fewer than 1.5mn units would be sold in 2024, a return to 2019 levels after a recent boom. 'If the economics do not work, the consumer will not accept it. Secondly, policy certainty and consistency is paramount,' he added. "

If you oppose a carbon tracker, fee, tariff, or tax 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: ↓ $67.46
Natural Gas: ↑ $2.80
Gasoline: ↑ $3.22

Diesel: ↑ $3.58
Heating Oil: ↓ $211.10
Brent Crude Oil: ↓ $71.28
US Rig Count: ↑ 634

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