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DAILY ENERGY NEWS | 10/23/2024
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** Will SCOTUS Save Our Cars ([link removed]) ?
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American Spectator ([link removed]) (10/22/24) article: "California political figures should not be permitted to impose their regulatory preferences on American consumers. Consumers who should have the freedom and latitude to select the cars that best suit their particular needs. At least that is what free-market activists argue in an amicus brief that could quickly find an audience before the U.S. Supreme Court. House members provided further weight to the brief this past September when they passed a resolution under the Congressional Review Act that would overturn Vice President Kamala Harris, standing in for President Biden, and the EPA administrators’ 'de facto electric vehicle mandate.' Tom Pyle, a founding member of the Save Our Cars Coalition, which includes 31 national and state-based free-market
organizations, trade associations, and consumer protection groups, sees an opportunity for Harris to demonstrate that she has had an epiphany that would help explain why she now sees fit to reverse her prior support of anti-consumer regulations. As Pyle explained in an interview: 'Since becoming her party’s nominee, Vice President Harris has tried to walk back her long-standing support of EV mandates and other anti-energy and anti-consumer policies. If she wants to show the American people that she has changed her tune, and suddenly cares about consumer choice, now is the time for her to call on her former colleagues in the Senate to vote in favor of this resolution. Harris could also lean on President Biden to sign the CRA if it makes it to his desk. Otherwise, there’s no reason to take her policy reversal seriously.' The congressional resolution would strike down the EPA’s new tailpipe emissions rule
([link removed]) that reinstates a waiver the Obama administration granted to California under the Clean Air Act ([link removed]) . The waiver enabled California’s regulators to set standards for automobile emissions that are even more rigid and burdensome than federal standards. "
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** "For developing economies, the availability of cost-effective, dispatchable baseload electricity is crucial for the growth of electricity-intensive industries that can drive economic progress and improve living standards."
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– Ronald Stein, P.E., The Heartland Institute. ([link removed])
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It's in your hands, Pennsylvania.
** Pittsburgh Post-Gazette ([link removed])
(10/23/24) op-ed: "Energy is the lynchpin of modern society and a key ingredient in human flourishing. That’s why an affordable and reliable supply of it is critical to America’s growth, as well as our independence from the rest of the world. America is blessed with abundant energy resources. We rank number one in the world for recoverable oil reserves, yet the Biden-Harris administration does not want the American people to benefit from what we have right under our feet...Under the Biden-Harris administration, the average American family is spending an extra $1,700 every year on energy costs than it was under the Trump administration. Contrary to Democrats’ attempts at spinning the situation, this cannot be explained away as a matter of corporate greed or blamed on Vladimir Putin. It’s a direct result of policy. A recent report from the Institute for Energy Research identifies 250 different ways the current administration has sought to hamstring the American energy industry. For example,
in addition to canceling the Keystone XL pipeline, the administration has also issued multiple executive orders halting new oil and gas leases. It has also added multiple layers of burdensome regulation and time-consuming bureaucracy to the permitting process."
Her whole campaign strategy was to walk back her entire record, and yet her staff can't seem to keep their mouths shut. Nonetheless, we have prepared some ** questions ([link removed])
for Anderson. Being the good solder he is, we doubt he will ask any of them.
** Fox News ([link removed])
(10/20/24) reports: "Vice President Kamala Harris would not support an expansion of fossil fuel drilling despite her recent campaign boasts about domestic oil production under the Biden administration. 'Just to be clear, Vice President Harris hasn’t said anything that the administration hasn’t already said. She is not promoting expansion [of fossil fuel drilling]. She’s just said that they wouldn’t ban fracking,' Camila Thorndike, Harris’ climate engagement director, said in an interview with Politico. The comments come as Harris has continued to face questions about her stance on energy production, going from supporting a ban on fracking just five years ago to touting the 'largest increase in domestic oil production in history' during her time as vice president...But some critics have slammed the campaign’s recent production talking point, arguing that the energy industry was able to achieve record numbers despite Biden administration policies, not because of them."
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The doctor should stick to medicine.
** Politico ([link removed])
(10/22/24) reports: Louisiana Republican Sen. Bill Cassidy convened energy industry executives this month to promote an idea that historically has been derided in conservative circles: a fee on global pollution. Cassidy held an energy summit at the Louisiana State Museum — an event that featured discussion on his 'Foreign Pollution Fee Act,' S. 3198, which would slap a fee on imported goods that are dirtier than their domestic counterparts. Greenhouse gases are among the pollutants targeted by the bill. In an interview with POLITICO’s E&E News last week, Cassidy said the idea could get traction with former president and Republican presidential nominee Donald Trump as a way to counteract China. 'I’ve been trying to build the case that the U.S. enforces environmental laws and China doesn’t. It gives China a competitive advantage,' Cassidy said. 'If we can equal the playing field somewhat, we make it more likely that a company expands or builds in the United States versus China.'"
Energy Markets
WTI Crude Oil: ↓ $70.89
Natural Gas: ↑ $2.32
Gasoline: ↓ $3.15
Diesel: ↓ $3.58
Heating Oil: ↓ $222.95
Brent Crude Oil: ↓ $75.17
** US Rig Count ([link removed])
: ↓ 614
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