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DAILY ENERGY NEWS | 11/22/2024
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** An opportunity for Trump to dismantle the 'climate industrial complex.'
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Restoration News ([link removed]) (11/22/24) reports: "Climategate anyone? This scandal erupted 15 years ago this month when political activists masquerading as scientists got exposed in a series of emails leaked from the Climate Research Unit (CRU) at the University of East Anglia in Great Britain...Put simply, Climategate demonstrated a willingness on the part of climate activists to violate the scientific method when it did not confirm their political agenda...Dan Kish holds the position of senior fellow with the Institute for Energy Research, a nonprofit outfit that favors free market energy policies. Kish cites evidence indicating that alarmist positions on climate do not square with sound science. 'Climate alarmists and their allies in the media like to apply the term "denier" to anyone who does not accept their premise,' Kish said in an interview with Restoration News. 'But Climategate shows they are the
real deniers. Every year you see a new set of facts coming out showing that these catastrophic predictions and estimates are wrong and every year they deny the facts.'...Kish sees an opportunity for Trump to dismantle the 'climate industrial complex' in his second term by taking steps to permanently repeal the Paris Agreement. Kish credits Paul Tice, a senior fellow with the National Center for Energy Analytics, for seizing on the right strategy in a piece for the Wall Street Journal. "
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** "Ignoring physical and economic realities may be fashionable, but reality always wins in the long run. The electric grid and its components form a complex system which most of us take for granted, which enable misleading claims regarding the simplicity of electrifying everything and powering it all almost exclusively with wind, solar, and batteries."
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– Jonathan Lesser, National Center for Energy Analytics ([link removed])

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A canary in the production line.

** Bloomberg ([link removed])
(11/21/24) reports: "Northvolt AB filed for bankruptcy protection in the US after failing to secure a rescue funding for its battery-cell business in a faltering market for electric vehicles. The Swedish company filed for Chapter 11 in the Southern District of Texas, it said in a statement on Thursday, a process that will allow it to continue operating while restructuring its balance sheet. Northvolt decided to take the US legal route to provide a well-known framework for existing investors and third parties that have shown interest in providing financing, a person familiar with the matter said. The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to move forward after funds ran short. The company slashed jobs and nixed expansion plans in a bid to overcome a cash squeeze that intensified over the autumn, after it lost a key contract and was unable to access $1.5 billion in loan guarantees. Northvolt said its main
factory will operate as usual during the reorganization. “The company will continue to make deliveries to customers, while fulfilling obligations to critical vendors and payment of wages to employees,” according to the statement."

Time to put drivers back in the drivers seat.

** New York Times ([link removed])
(11/21/24) reports: "Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make a delicate request of President-elect Donald J. Trump: Don’t scrap the federal regulations that compel the industry to sell electric vehicles. The conversation would require diplomatic finesse. Mr. Trump has railed against the E.V. rules, which strictly limit the amount of tailpipe pollution while also ramping up fuel economy standards. They are designed to get carmakers to produce more E.V.s and have been a cornerstone of President Biden’s fight against climate change. Mr. Trump sees them differently. He has falsely said the rules amount to a Democratic mandate that would prevent Americans from buying the gasoline-powered cars of their choice — a concern of his campaign donors from the oil industry...But the automakers are treading with care, concerned that Mr. Trump might bear a grudge against companies that publicly opposed his
first-term efforts to erase the Obama E.V. rules. 'Given their track record with Trump, I don’t know how much sway the autos will have in terms of the decision the president makes,' said Thomas J. Pyle, president of the American Energy Alliance, a conservative research group focused on energy, who served on the first Trump administration’s transition team."

If you thought the "shocking" election result would force the media to be even a fraction more introspective, think again.

** News Busters ([link removed])
(11/21/24) article: "If you thought the leftist media couldn’t get any dumber with their pro-Bidenomics propaganda following President-elect Donald Trump’s sweeping electoral victory, TIME magazine just took a shot at one-upping everybody. TIME’s asinine Nov. 14 headline spoke for itself, “Don’t Give Trump Credit for the Success of the Biden Economy.” The bloviating piece, which took two authors to cough up, attempted to blame Trump for the pandemic economy Biden oversaw and spun that Trump’s second term, in contrast, would be riding on the coattails of Biden’s imaginary successes...But the devil — as is always the case with those who swear by Bidenomics — is in the details. There’s currently a labor shortage, with about 1.7 million at least missing from the labor force as the U.S. Chamber of Commerce pointed out in October. Inflation has caused stock markets to 'appear stronger than they really are and [are] cutting into returns for everyone, including those with retirement accounts,'
as Heritage Foundation Senior Research Associate Alexander Frei noted in an Oct. 31 column. Oil and gas production has continued to chug along in spite of Biden’s eco-extremist energy policy, not because of it. In March 2024, the American Energy Alliance specifically outlined 200 actions that the Biden White House took over the course of its administration to kneecap energy production in the U.S. to satisfy its radical environmentalist goals. And that’s not even counting the fact that gas prices overall have been considerably higher under Biden than under Trump when adjusted for inflation, something TIME didn’t even bother mentioning."

If you oppose a carbon tax, tariff, tracker, or fee take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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: ↑ $71.39
Natural Gas: ↓ $3.13
Gasoline: ↑ $3.05

Diesel: ↓ $3.53
Heating Oil: ↑ $228.20
Brent Crude Oil: ↑ $75.34
** US Rig Count ([link removed])
: ↓ 592



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