The Art of the Deal

View this email in your browser

DAILY ENERGY NEWS | 11/08/2024

Subscribe Now

Now we can negotiate a real permitting reform deal.

Politico (11/7/24) reports: "One of the most critical (albeit unsexy) tasks for securing the nation’s energy future — whether with clean power or fossil fuels — is issuing permits for energy infrastructure projects. No projects? No power. But President-elect Donald Trump’s victory further complicates an already fraught and prolonged negotiation on Capitol Hill meant to speed up the permitting process. Getting a permit for an energy project can take years — almost 20, in some instances. After scores of false starts and Republican opposition, independent Sen. Joe Manchin of West Virginia and Republican Sen. John Barrasso of Wyoming came up with a compromise plan that garnered considerable GOP support, even if it seemed unlikely during this Congress. Now, it’s most likely doomed, writes Kelsey Brugger. 'I don’t really see a path forward,' a Senate Republican aide granted anonymity to speak freely told Kelsey. 'I don’t see there being much of an appetite on it.' It’s not as though Democratic lawmakers were thrilled with the measure. Many argued it included too many giveaways to the oil and gas industry that would further hurt communities already plagued by pollution. But with Republicans slated to take control of the White House and Senate, they are probably free to craft new legislation in 2025 that offers an even greater boost to oil and gas permitting without making any concessions to Democrats and their clean power provisions. (TBD whether House Democrats will amass enough power to thwart them)."

"It is here that President Trump’s second term could well have the biggest positive impact on Britain—by holding up Labour’s disastrous economic policies for comparison with Trump’s supply-side economics."

– Rupert Darwall, Real Clear Energy

Prioritizing American energy on day 1.

Deseret News (11/7/24) reports: "When Joe Biden’s took office as U.S. president, he delivered on his promises when it comes to fossil fuels. The fossil fuel energy sector was not pleased. On Day 1, Biden via executive order canceled construction of the Keystone XL pipeline when he revoked a permit that would have allowed a pipeline to carry oil from Canada, ultimately reaching the Gulf Coast. Why was it wanted? An increased supply of oil from Canada would mean a decreased dependency on Middle Eastern supplies...Alex Stevens, manager of policy and communications for the American Energy Alliance, echoed that sentiment. 'The surge in U.S. energy production over the past decade can largely be credited to American energy producers, who have achieved remarkable gains in productivity,' he said. 'The policies enacted during President Trump’s first term played a crucial role in this growth and innovation. By reducing regulatory burdens, his administration allowed energy companies to focus on production and innovation rather than navigating an endless stream of rules from Washington bureaucrats. In contrast, the Biden-Harris administration has been far more aggressive than even the Obama administration in undermining domestic oil and gas production,' the alliance said. 'The Biden administration, along with congressional Democrats, took over 250 actions to restrict oil and gas production, so it’s difficult to credit the current administration for the continued growth of American energy production. In FY23, the Biden-Harris administration issued 93% fewer leases than the Obama administration did in FY09.' Stevens says he sees a Trump administration righting the ship, but will take quite some time to get back on course of transforming energy policies. 'I believe opening up the permitting process on federal lands will be a priority on Day 1. A new secretary (of interior) can begin leasing as soon as the nomination process is underway.'”

20 years of data doesn’t lie: Fracking is good for PA and good for the US.

Energy In Depth (11/7/24) reports: "October marked the 20th anniversary since the first Marcellus Shale well was drilled in Pennsylvania in 2004. Like Pennsylvania’s Drake Well, which launched commercial oil drilling across the world in 1859, Range Resource’s Renz #1 has been a game-changer for the Commonwealth and the United States. As Jeff Kotula, president of the Washington County Chamber of Commerce, told the Observer-Reporter: 'Since Range Resources’ successful commercialization of the Renz No. 1 Well in 2004, natural gas has positioned itself as a transformative industry with wide-ranging positive impacts on our economy, community and country. The industry supports (many) jobs, creates significant local and state tax revenues, and generates billions in economic benefits. It also allows Washington County to be a leader in our nation’s energy independence – reducing our reliance on foreign energy sources. The (chamber) recognized the industry’s potential early on and concentrated our efforts on educating our business community on the opportunities available in the natural gas economy, and how our local businesses could work together with the energy industry in mutually beneficial ways. We are proud that some of the leading companies in the energy industry – including producers, transportation, processing and secondary service providers – have selected Washington County as their home – where they are now our family, friends and neighbors.' The sentiment is shared across the Commonwealth – in Pennsylvania exit polls, a majority of voters responded in support of fracking, which is why it was a top issue during the presidential campaign."

Team Biden is doing everything they can to grow the list of things that need fixing.

Daily Caller News (11/7/24) reports: "The lame duck Biden-Harris administration is already working to undermine the energy agenda of President-elect Donald Trump after he handed Vice President Kamala Harris a crushing loss in Tuesday’s election. Less than 48 hours after Trump won decisive Electoral College and popular vote victories, federal agencies are moving to interfere with Trump’s plans to expand and unfreeze approvals for liquefied natural gas (LNG) exports and to drill for more oil and gas on American lands, according to Bloomberg News and CNN. The Biden-Harris administration paused approvals for LNG export hubs in January and took numerous actions to restrict energy production on government-controlled lands, and Trump campaigned hard against those policies leading into November...Notably, a government watchdog group has accused the DOE of actually beginning that new study in 2023 and effectively burying it because the draft likely indicated that the final version would not reach conclusions that would justify announcing a pause on approvals. A questionable study by Robert Howarth, a professor at Cornell University, claiming that LNG exports produce significantly more emissions than domestically-mined coal for energy production also influenced some inside the Biden White House."

If you oppose a carbon tax, fee, tariff, or tracker take a stand and contact us.

Tom Pyle, American Energy Alliance

Daren Bakst, Competitive Enterprise Institute

Phil Kerpen, American Commitment

Andrew Quinlan, Center for Freedom and Prosperity

Grover Norquist, Americans for Tax Reform

George Landrith, Frontiers of Freedom

Thomas Schatz, Citizens Against Government Waste

Richard Manning, Americans for Limited Government

Craig Richardson, E&E Legal

Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America
Jon Sanders, John Locke Foundation

Energy Markets

WTI Crude Oil: ↓ $70.28
Natural Gas: ↑ $2.72
Gasoline: ↓ $3.09

Diesel: ↓ $3.56
Heating Oil: ↓ $223.44
Brent Crude Oil: ↓ $73.72
US Rig Count: ↓ 603

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect with us on Facebook

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 525
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list