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DAILY ENERGY NEWS | 11/26/2024
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** Few have had as large an impact.
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CEI ([link removed]) (11/24/24) eulogizes: "When I was fresh out of college, I attended a large classical liberal conference. After one day’s sessions wrapped up, I had dinner at a table with a veteran Washington journalist who gave me the best career advice I ever received: 'If you ever have the chance, get a job working for Fred Smith.' I had heard of Fred and the Competitive Enterprise Institute (CEI), the organization he and his wife Fran founded. But I didn’t know much about them. My sudden mentor filled in a few of the gaps. CEI had a more freewheeling personality than other think tanks, which is still true today. Fred himself was the same way. He was gregarious, whip-smart, stubbornly principled, and he was fun. Everybody in Washington knew Fred, and Fred knew everybody. Even people who disagreed with everything he stood for couldn’t help but like him. He was always smiling and laughing, even when making serious intellectual arguments. People around him
couldn’t help but take on some of his joy. Fred was a Washington institution, in a good way. It’s sad and a bit weird to write 'was' instead of 'is.' Fred passed away on November 23, 2024, peacefully and at home. He was 83...Thank you for everything, Fred. You and Fran started something wonderful, and now we’ll keep it going. It was a joy working with you. And it was an even greater joy knowing you."
[link removed]


** "The U.S. approach to environmental policy does not export well. That realization—coupled with the understanding that classical liberal institutions are far more compatible with mankind’s nature, and that private property, markets, and contracts are the most effective ways of mobilizing the ingenuity and energies of the peoples of the world— should give us the courage to proceed."
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– Fred L. Smith, Jr., The Competitive Enterprise Institute ([link removed])

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Is this supposed to be a threat? 😂

** National Review ([link removed])
(11/25/24) reports: "The state of California will offer tax rebates for electric vehicle purchases if President-elect Donald Trump’s administration eliminates a federal EV tax credit as he has threatened to do, California governor Gavin Newsom said on Monday...Money for the program 'could come from the Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program,' Newsom added. Although Trump could not eliminate EV tax credits on his own, Congress could erase the credits by amending the Inflation Reduction Act of 2022 or passing a new law...'[Republicans are] going to move fairly quickly, I’m told,' Thomas J. Pyle, president of the conservative energy research group American Energy Alliance told the New York Times earlier this month. 'President Biden set the precedent for this,' Pyle said. 'There’s nothing the Democrats can do or say about that. The question is how unified the Republicans will be, and I suspect they would be in the beginning to give
Donald Trump his honeymoon.'"

The graft is strong.

** Brietbart ([link removed])
(11/25/24) reports: "Outgoing President Joe Biden’s Justice Department moved on election night on Nov. 5 to essentially ensure the cover-up of a potentially massive green energy scandal, Breitbart News has learned exclusively. This story has tentacles back through, not just the Biden administration, but all the way back to the Obama administration, and it could be something that jeopardizes the broader green energy agenda and the future of leftist solar projects on federal lands. At least one congresswoman is already formally pressing the DOJ for answers, and more members of Congress are likely to get involved soon. It could even have major implications for the incoming administration’s energy policy. On Nov. 5, at 5:20 p.m. ET, less than an hour before the first polls closed and when it had become clear from the exit polls that Democrat presidential candidate Vice President Kamala Harris was likely to lose, an attorney with the Justice Department emailed lawyers for plaintiffs in a qui tam
lawsuit aimed at recouping significant losses the taxpayers allegedly incurred from a failed solar plant in Nevada. A qui tam lawsuit is when a private plaintiff sues on behalf of the U.S. Government to recoup taxpayer dollars — often alleging fraud, misuse, or theft of taxpayer dollars. The email from the DOJ stated what plaintiffs started hearing through the grapevine as the election neared and it became clear the Harris campaign was in trouble. The email said that the DOJ intended to dismiss a lawsuit that it had previously allowed to proceed, thereby undercutting the private push to recoup significant losses for American taxpayers."

** ([link removed])

Au revoir!

** Bloomberg ([link removed])
(11/18/24) reports: "Argentina is studying a potential withdrawal from the landmark Paris Agreement on climate action, the New York Times reported, citing the country’s Foreign Minister Gerardo Werthein. The nation is 're-evaluating our strategy on all matters related to climate change,' and reconsidering participation in the pact, though no decision has yet been taken, the newspaper quoted Werthein as saying. President Javier Milei’s negotiating team on Thursday left the annual United Nations climate conference taking place in Azerbaijan, only four days into the summit that runs through Nov. 22. 'We decided to withdraw our delegation and re-evaluate our position, nothing more,' Werthein was quoted as telling the newspaper. Milei’s office didn’t immediately respond to a request for comment sent outside usual business hours. US President-elect Donald Trump has vowed to again withdraw the world’s-second largest polluter from the Paris Agreement — as happened during his first term
— potentially undermining global efforts to reduce greenhouse gas emissions. Climate diplomats have raised concerns other nations, including Argentina, could follow suit. Milei on Thursday praised Trump at a post-election victory celebration at the Mar-a-Lago resort in Florida."

Energy Markets


WTI Crude Oil: ↑ $69.36
Natural Gas: ↑ $3.38
Gasoline: ↑ $3.06

Diesel: ↓ $3.89
Heating Oil: ↑ $226.04
Brent Crude Oil: ↑ $73.46
** US Rig Count ([link removed])
: ↓ 596



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