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DAILY ENERGY NEWS | 10/31/2024
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** The ghouls and gremlins in Sacramento are all tricks and no treats for CA drivers.
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Politico ([link removed]) (8/1/24) reports: "California Gov. Gavin Newsom directed state regulators on Friday to consider changing California’s gasoline content in an effort to reduce gas prices at the pump. Newsom told the California Air Resources Board to accelerate its review of a gasoline blend that would include 15 percent ethanol, up from the 10 percent allowed in California today. Adding more ethanol would increase fuel supplies, which is expected to put downward pressure on prices at the pump. The directive comes as Newsom is under fire for an upcoming vote on the state’s low-carbon fuel standard that is expected to raise gas prices by at least 8 to 10 cents per gallon. Congressional Republicans sent state regulators a letter Thursday requesting they delay their Nov. 8 vote. It also comes on the heels of a special legislative session Newsom convened to pass another proposal aimed at reducing
what are typically the nation’s highest gas prices."
[link removed]


** "The central elements of the economy would have to be rationed. First of all, living space, because cement emits endless amounts of CO[2]. Actually, new construction would have to be banned outright and living space rationed to 50 square metres per capita. That should actually be enough for everyone. Then meat would have to be rationed, because meat production emits enormous amounts of CO[2]. You don’t have to become a vegetarian, but you’ll have to eat a lot less meat."
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–Ulrike Herrmann, Editor Die Tageszeitung ([link removed])

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Coming down the homestretch. Find out what Mike and Tom’s final predictions are and much more on the latest episode of The Unregulated Podcast. ** Now streaming on our website ([link removed])
, or wherever you listen.

** ([link removed])

Big Green, Inc. wants to get rid of industry, period.

** Just The News ([link removed])
(10/30/24) reports: "A horde of lawsuits targeting oil companies over climate change could, if successful, be expanded to any industry that produces large amounts of carbon dioxide emissions, according to Gale Norton, former attorney general of Colorado who served as Secretary of the Interior under George W. Bush. Norton, who currently serves on the board of Liberty Energy, told Just the News that unlike other environmental lawsuits, the climate lawsuits have an 'opportunistic model' because of the financial awards that the law firms filing these suits will take a piece of...Others have also pointed out that the claim that oil companies knew about climate change and tried to deceive people is exaggerating how much the companies’ researchers knew about the impacts of emissions, and mischaracterizing their internal debate as an attempt to deceive. Sabine Hossenfelder, a physicist who describes herself as 'not a fan of the fossil fuel industry,' has criticized this view as 'nonsense.' The oil
companies’ researchers knew as little as any scientists, and it was all part of the public record, Hossenfelder explained in a post on X. Rob Bradley, founder of the Institute for Energy Research, provides a six-part refutation of the accusations on his blog '** Master Resource ([link removed])
,' arguing in greater detail the points Hossenfelder made."

The time for nonsense rules and regulations will soon come to an end.

** Inside Sources ([link removed])
(10/30/24) reports: "The Biden-Harris administration’s effort to designate over 324,000 square miles as “critical habitat” for two species of arctic seals has been struck down by a federal court in Alaska, which ruled that the designation – largely based on future impacts of climate change – was invalid under the Endangered Species Act (ESA). In her Sept. 26 decision, U.S. District Court Judge Sharon Gleason delivered a stunning setback to the National Marine Fisheries Service (NMFS), quashing the agency’s 12-year quest to rope off an area larger than the State of Texas from oil and gas development along with crippling the area’s fishing industry and interfering with commercial shipping lanes. Once an area has been designated as critical habitat under the ESA, strict land- and water-use restrictions come into play that can hamstring commercial development. The critical habitat designation sought by the Biden administration included large swaths of the Bering Sea, Chukchi Sea, and Beaufort
Sea. First listed as threatened under the ESA by the Obama administration in 2012, the bearded seal and the Arctic ringed seal were granted critical habitat by the Biden administration in 2022. The area set aside for them, however, comprises almost the entire range of the seals’ habitat in the United States, including the coastal waters along the Alaskan North Slope and the adjacent Outer Continental Shelf. The State of Alaska filed suit against the NMFS and the Center for Biological Diversity, which had intervened in the case, in February 2023, arguing that the agency’s vast habitat designation was in violation of the ESA."

There are around 300 million cars driving around the U.S. Team Harris wants each one of those to be powered by a lithium bomb. Vote accordingly.

** ABC ([link removed])
(10/31/24) reports: "Dramatic video shows the moment an explosion rocked a large battery-recycling plant in Fredericktown, Missouri, after a fire erupted on Wednesday, October 30. Video filmed by Jacob Armes shows smoke pouring from the building before a large explosion followed by a smaller explosion. The fire was sparked at a lithium-ion-battery processing plant owned by Critical Mineral Recovery. On its website, the company says the 225,000-square-foot plant is used to 'recycle lithium-ion-battery-related materials from battery manufacturers, automotive OEMs, battery dealers, recyclers, and processors worldwide,' and describes it as 'one of the largest lithium-ion battery processing facilities in the world.' The Fredericktown Fire Department said it was responding, and the Bismarck Fire Protection District said they were providing support. The dense smoke billowing from the blaze prompted Madison County authorities to issue evacuation orders in one area of Fredericktown. Other local
residents were advised to shelter indoors. No casualties had been reported."

Energy Markets


WTI Crude Oil: ↑ $69.38
Natural Gas: ↓ $2.74
Gasoline: ↓ $3.13

Diesel: ↓ $3.57
Heating Oil: ↑ $221.65
Brent Crude Oil: ↑ $73.17
** US Rig Count ([link removed])
: ↓ 619



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