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DAILY ENERGY NEWS | 10/03/2024
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** Our man Horner is at it again.
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Daily Caller ([link removed]) (10/2/24) reports: "The Biden-Harris administration may have based its decision to freeze certain liquefied natural gas (LNG) export projects upon a major act of deception, according to a government watchdog group. The Department of Energy (DOE) announced the pause on new and pending approvals for certain LNG export terminals in January, stating that it must conduct a review of potential environmental, economic and security impacts of LNG exports to ensure that approving new capacity is still in the public interest. An ongoing Freedom of Information Act (FOIA) legal battle between the agency and an independent group called Government Accountability and Oversight (GAO) reveals that the administration may have actually conducted — or started to conduct — such a review in 2023 before effectively burying it because it may have been producing politically inconvenient
conclusions, according to GAO. If GAO is correct, the Biden-Harris administration essentially deceived the public in an election year to institute a policy that undermines American geopolitical interests, chills investment in domestic energy projects and greatly pleases the well-funded environmentalist lobby which is spending big to help Democrats in this election cycle...Moreover, the federal government has delayed the process by 'asking for timeline extensions, ignoring deadlines, filing motions to stay adjudication and seeking to further delay by consolidating several individual GAO FOIA actions into one complex case,' Chris Horner, one of GAO’s attorneys, told the Daily Caller News Foundation. 'GAO has already won in the key sense that it forced a stonewalling DOE to at long last admit that, yes, there is a 2023 study meeting that description, it was sent to the senior political appointees in the Biden-Harris DOE, and has disappeared into the ether,' Horner told the DCNF."
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** "Despite its crucial importance to our economy, the Biden-Harris Administration has taken a 'whole-of-government' approach to regulate traditional and reliable domestic energy sources out of existence. According to the Institute for Energy Research, this administration has rolled out over 250 executive actions that harm the U.S. energy industry."
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– Alex Epstein, Energy Talking Points ([link removed])

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The face you make when your opponent did his homework.

** The Telegraph ([link removed])
(10/2/24) reports: "JD Vance accused the Democrats of spending billions of taxpayer dollars on Chinese solar panels during the vice-presidential television debate. The Republican said that if Kamala Harris 'really believed climate change is serious' she would have pushed for more green energy to be produced in the United States. 'When we talk about clean energy… I think that’s a slogan that often the Democrats will use here,' Mr Vance said during the clash on CBS with Democrat candidate Tim Walz. 'The real issue is that if you’re spending hundreds of millions or even billions of American taxpayer money on solar panels that are made in China, you’re, number one, going to be making the economy dirtier.'...A recent report by the Institute for Energy Research revealed that by next year, Beijing would own enough solar panel plants in the US to control half of the country’s production capacity. It said Chinese-backed firms were taking advantage of Beijing’s heavily subsidized supply chains for
raw polysilicon — a key component — as well as unfinished solar modules to gain an advantage in the US market. China controls 97 per cent of the world’s polysilicon, the key building block for solar panels."

What's the future of ESG? Garrett Delk, from Pickering Energy Partners, weighs in on IER's Plugged In Podcast. Now ** streaming on IER's website ([link removed])
, or wherever you enjoy podcasts.

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Apparently the German government is no longer interested in Germany being an industrial power.

** Reuters ([link removed])
(10/2/24) reports: "Germany rejected a proposal by Italy to bring forward a planned European Union review of the bloc's ban on the sale of new internal combustion engine cars from 2035, saying it would lower standards and cause uncertainty for industry. 'Germany will not entertain discussion on potentially watering down the European CO2 emission performance standards ... the German government does not support the Italian government's proposal,' German Environment Minister Steffi Lemke said in comments to Reuters on Wednesday. In March 2023, EU countries approved a landmark law that will require all new cars to have zero CO2 emissions from 2035, effectively banning diesel and petrol engines and allowing electric vehicles (EVs) to dominate. Ahead of that deadline, automakers face tougher CO2 targets in 2025 as the cap on average emissions from new vehicles sales falls to 94 grams/km from 116g/km in 2024. Exceeding CO2 limits can lead to fines of 95 euros per excess CO2 g/km multiplied by the
number of vehicles sold. That could lead to penalties of hundreds of millions of euros for large carmakers, particularly as sales of battery-electric cars have slowed across the region."

Energy Markets


WTI Crude Oil: ↑ $73.03
Natural Gas: ↑ $2.95
Gasoline: ↓ $3.19

Diesel: ↓ $3.57
Heating Oil: ↑ $225.53
Brent Crude Oil: ↑ $76.64
** US Rig Count ([link removed])
: ↓ 629



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