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DAILY ENERGY NEWS | 10/21/2024

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Trump kills at the Al Smith Dinner, Kamala is mauled by a Baier, and EVs continue to crash and burn. All that and much more on the latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"The new green mandates, if adopted, presage yet another force to further reduce the industrial prowess of western countries, while driving more industries to China, India, and other countries who produce their goods with dirtier fuels and develop resources with less environmental care."

– Joel Kotkin,
Chapman University

Allred is all-wrong for Texas job creators.

Just The News (10/18/24) reports: "The Texas oil and natural gas industry continues to remain strong, adding 800 jobs in September over the month in the upstream sector alone, according to new employment data from the Texas Workforce Commission. September’s numbers represent five out of nine months this calendar year where the job count increased, and the fourth consecutive monthly increase. 'With weakness in global economies, international conflicts and uncertainties at home, a positive job count for September is welcomed news,' Texas Oil & Gas Association president Todd Staples said. 'Texas remains the production powerhouse for America and the innovation center for energy growth and improvement.'...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. Earlier this year, Cruz introduced a bill to kill a natural gas tax proposed by the Biden-Harris administration, and has consistently voted and advocated for policies to expand pipeline and port permits, reduce energy costs and expand U.S. energy independence, The Center Square has reported."

Your periodic reminder that policy matters. Electricity reliability under Governor Gavin is worse than a state immediately impacted by a hurricane.

Big Green, Inc. is all about the green.

Daily Caller (10/17/24) reports: "The Biden-Harris Environmental Protection Agency (EPA) doled out billions of taxpayer dollars in August to a left-wing nonprofit consortium linked to Democratic voter mobilization efforts, including a Stacey Abrams’ get-out-the-vote initiative based in Georgia. The EPA announced that Power Forward Communities (PFC) received $2 billion under the Inflation Reduction Act’s (IRA) $27 billion Greenhouse Gas Reduction Fund (GGRF) on Aug. 16. The PFC is partnering with an array of Democratic Party-affiliated groups in addition to the two-time Georgia governor candidate Abrams’ Fair Count, including the nation’s largest teachers union—a major contributor to Democratic candidates—and a prominent climate activist group, according to a review of the PFC’s website. The EPA’s decision to award the nonprofit consortium with a massive grant award comes as Republican lawmakers scrutinize the IRA for sending taxpayer dollars to recipients with ties to left-wing activists and the Democratic Party."

Energy Markets

WTI Crude Oil: ↑ $70.16
Natural Gas: ↑ $2.32
Gasoline: ↓ $3.17

Diesel: ↓ $3.59
Heating Oil: ↑ $216.93
Brent Crude Oil: ↓ $73.86
US Rig Count: ↑ 629

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