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DAILY ENERGY NEWS | 10/15/2024
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** Speaking of plagiarism, "If you like your car, you can keep your car" sounds awfully familiar.
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DC Journal ([link removed]) (10/14/24) reports: "Vice President Kamala Harris says she will not ban fracking, she will not confiscate your guns and she will not take away your gas-powered car. 'Contrary to what my opponent is suggesting, I will never tell you what kind of car you have to drive,' the Democratic presidential nominee recently told a Michigan crowd...'Ending sales of new gas-powered cars is part of Kamala Harris’ climate change plan,' as the Sacramento Bee headline said...Harris’s defenders argue that her aggressive proposals to end gas-powered cars were part of her 2020 presidential strategy of running in the progressive lane. Now that she’s the vice president, they claim her true colors are on display. As vice president, Harris has supported 'net zero emissions' by 2050 and ending the use of gas-powered cars to achieve that goal...So, what’s behind Harris’s shift on gas-powered vehicles?
Americans don’t want EVs. 'It’s become very clear in the last year or two that there’s a lot of consumers that just don’t really want electric vehicles,' said Kenny Stein, vice president of policy at the Institute for Energy Research."
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** "With barely 3 weeks remaining until Election Day and early voting already well underway, these are real, relevant questions someone should be asking of Harris and her running mate, Minnesota Gov. Tim Walz. The costs of a status quo presidency where energy and energy security are concerned would be dire, and voters deserve some real answers."
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– David Blackmon, Daily Caller ([link removed])

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Despite the hype, every Ponzi scheme has an expiration date.

** Yahoo Finance ([link removed])
(10/10/24) reports: "Shares of solar panel manufacturer First Solar are down more than 9% headed into Thursday's close, upended by an analyst's lowered price target, the second such revision this week. Another solar power stock was also sent markedly lower today by a different analyst's downward price target adjustment for related reasons...Separately but simultaneously, Roth MKM analyst Philip Shen lowered his price target for solar power equipment maker Enphase Energy from $140 to $130 on Thursday. Although Shen's chief concern is Enphase's deteriorating share of the battery/storage market, the market may be viewing it as reason for more sweeping concerns regarding the broad solar power business. Enphase Energy shares are down about 6% today...The knee-jerk sell-off makes enough sense on the surface. And to be fair, analysts' short-term concerns aren't unreasonable. The global solar power industry is bumping into something of a headwind right now. It could crimp near-term results."

Trump is responsible for California's high gas prices? 🤔

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Some things don’t need to be studied. Trying to replace coal with batteries is one of those things.

** E&E News ([link removed])
(10/15/24) reports: "Environmental groups are challenging the Tennessee Valley Authority’s decision to replace most of its Kingston coal-fired power plant with natural gas turbines over concerns TVA did not adequately consider greener and cheaper alternatives. Appalachian Voices, the Center for Biological Diversity and the Sierra Club allege in a lawsuit filed Thursday that TVA’s review under the National Environmental Policy Act did not properly account for the risks and costs of developing the Kingston gas plant and an associated 122-mile pipeline in Tennessee. 'Our country’s largest public utility is breaking the law and ignoring the climate emergency to plow forward with another dirty gas plant and pipeline,' said Gaby Sarri-Tobar, a campaigner with the Center for Biological Diversity, in a statement last week."

Energy Markets


WTI Crude Oil: ↓ $69.98
Natural Gas: ↑ $2.50
Gasoline: ↑ $3.20

Diesel: ↑ $3.60
Heating Oil: ↓ $218.10
Brent Crude Oil: ↓ $73.68
** US Rig Count ([link removed])
: ↑ 627



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