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DAILY ENERGY NEWS | 11/29/2024
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** This year we can be thankful the American people voted to unleash our energy potential.
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Washington Examiner ([link removed]) (11/29/24) reports: "With just over 50 days remaining until Donald Trump takes office once again, the president-elect has been beefing up his incoming administration with nominees and appointees that can advance the Republican’s oil and gas-focused energy agenda...Throughout his campaign, Trump vowed to take action against a number of Biden administration climate rules and laws once in office. After the inauguration, Trump is primarily expected to make good on those promises. Last week, transition spokeswoman Karoline Leavitt told Reuters, 'The American people can bank on President Trump using his executive power on Day One to deliver on the promises he made to them on the campaign trail.' These vows include reversing President Joe Biden’s pause on new liquified natural gas export approvals — likely through expediting permitting for new projects —
rollbacking back electric vehicle tax credits and gas-powered vehicle emission standards, reversing pollution standards for power plants, ending federal funding for offshore wind, and ramping up domestic oil and gas production. Additionally, the president-elect is expected to approve construction of the Keystone Pipeline, despite there being no calls to restart the dug-up and halted project."
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** "What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America. The English Puritans, who left Great Britain and sailed across the Atlantic on the Mayflower in 1620, were not only escaping from religious persecution in their homeland. They also wanted to turn their back on what they viewed as the materialistic and greedy corruption of the Old World."
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– Richard Ebeling, Foundation for Economic Education (Retired) ([link removed])

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Is Volkswagen, which has a rich history of utilizing slave labor, finally changing its stripes?

** Wall Street Journal ([link removed])
(11/27/24) reports: "Volkswagen has sold a car plant in China’s Xinjiang province that has drawn scrutiny over alleged human-rights abuses. The Urumqi site, which is owned by a joint venture between VW and local partner SAIC Motor, has been a source of controversy in recent years because of China’s alleged persecution of Uyghur minorities in the Xinjiang region. The U.S. and other countries have accused China of committing genocide against Uyghur Muslims in Xinjiang and using forced labor. China has rejected the accusations. VW said Wednesday that the plant would be sold 'for economic reasons' as part of a broader strategic realignment of its business in China. VW’s Chinese joint ventures have been losing market share as the country’s consumers flock to electric vehicles made by local brands such as BYD. VW and its partners are now investing heavily in a new generation of EVs while shrinking their footprint for the conventional cars they are known for. The German company’s presence in
Xinjiang has long attracted attention in the West. Under pressure from investors and the German and U.S. governments, VW conducted an audit of the Urumqi plant, which it said last year found no evidence of human-rights abuses."

The EV-mandate wrecking ball continues it's destructive path through the auto industry.

** The Telegraph ([link removed])
(11/27/24) reports: "A German supplier of clutches is preparing to cut hundreds of jobs in Sheffield as the industry shifts towards electric cars. Schaeffler, which is headquartered in Bavaria, said it would cut 4,700 jobs across Europe and shutter the UK plant. The closure is expected to affect around 200 jobs, subject to consultation, The Telegraph understands.The Sheffield factory builds clutches for manual passenger cars and tractors, however a global shift towards electric vehicles (EVs) and automatic transmission has led to sinking demand. 'Declining global demand for clutches is leading to production overcapacity,' the company said. 'Schaeffler therefore plans to discontinue this operation.' Matthias Zink, the chief executive of Schaeffler’s power-train division, said: 'We are mindful of the consequences of these measures and will now do everything we can to work with our employees in Sheffield to develop fair solutions.' The closure is the latest blow to Britain’s carmaking
industry, which employs around 198,000 people, according to the Society of Motor Manufacturers and Traders."

Help is on the way.


** Cowboy State Daily ([link removed])
(11/26/24) reports: "The Bureau of Land Management has made it official Tuesday — coal leasing will end in the Powder River Basin by 2041. The move follows a court order in a federal lawsuit, Western fOrganization of Resource Councils et al. v. Bureau of Land Management. The judge on the case directed the BLM to redo its environmental analysis, and include both no-leasing and a limited coal leasing alternatives. As a result of that analysis, the BLM said it has determined that 'additional leasing of BLM-administered coal is not necessary, based on the current analysis in the Final Supplemental EIS. The analysis indicates that operating mines in the planning area collectively have existing leases with sufficient coal reserves to maintain project mine production levels into 2041.'...Many in the Wyoming mining sector are hoping that a Trump administration can pull off a 180-degree turn for the coal industry, among them Wyoming Mining Association Executive Director Travis Deti. 'Obviously,
we’re pleased that the governor and the Wyoming congressional delegation are doing what they can to reverse the BLM’s silly, politically driven decision,' he told Cowboy State Daily on Tuesday in an email. 'With the projected increased needs for electricity o power our country in the near future, to put our vast coal resource off limits makes absolutely no sense. It’s crazy. '"

If you oppose a carbon tax, 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: ↑ $68.86
Natural Gas: ↓ $3.36
Gasoline: ↓ $3.06

Diesel: ↑ $3.55
Heating Oil: ↑ $221.65
Brent Crude Oil: ↓ $73.13
** US Rig Count ([link removed])
: ↑ 605



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