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DAILY ENERGY NEWS | 12/17/2024
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** The CR smells like beef and cheese. But it could have been worse.
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E&E News ([link removed]) (12/17/24) reports: "The blame game started over the weekend and intensified Monday after bipartisan talks on broad permitting legislation collapsed. Senate Energy and Natural Resources Chair Joe Manchin (I-W.Va.) and Environment and Public Works Chair Tom Carper (D-Del.) both blamed House Republican leadership. Manchin has for years been leading the charge on legislation to bolster the grid and make it easier to approve all kinds of projects. 'By taking permitting off the table for this Congress, Speaker Johnson and House Republican Leadership have done a disservice to the incoming Trump Administration, which has been focused on strengthening our energy security and will now be forced to operate with their hands tied behind their backs when trying to issue permits for all of the types of energy and infrastructure projects our country needs,' Manchin said...Democrats started pointing fingers
at Johnson Friday, with a Democratic aide saying the speaker 'killed permitting.' Another said Johnson 'pulled the plug.' 'Unfortunately, instead of taking real policy wins, House Republicans let their perfect be the enemy of the good,' Carper said, accusing the GOP of asking for too much. Rep. Garret Graves (R-La.), who helped negotiate NEPA changes in last year’s debt ceiling deal, shot back: 'It all comes down to the fact that verbally they say the want reforms. On paper, what they’re doing is creating more lawsuits.' Graves also scoffed at the accusation that Republicans didn’t really want a deal. 'Just let that sit for a minute,' he said."
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** "The energy policies of most New England states, prioritizing emissions reductions over affordability and reliability, will lead to a massive increase in the cost of electricity for families and businesses in the region and continue the growing price disparities with neighboring regions."
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– Mitch Rolling & Isaac Orr ([link removed])

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Speaker Johnson read the room.

** ([link removed])

Biden's war on cars is a war on Christmas.

** AAA ([link removed])
(12/11/24) reports: "AAA projects 119.3 million people will travel 50 miles or more from home over the year-end holiday period* from Saturday, December 21 to Wednesday, January 1. This year’s domestic travel projection narrowly surpasses the previous record set in 2019 by 64,000 travelers. AAA expects an additional 3 million travelers this holiday season compared to last year. 'This is the time of year when lifelong memories are made with loved ones, and travel plays a big role in that,' said Stacey Barber, Vice President of AAA Travel. 'This year, with Christmas Day falling on a Wednesday, we’re anticipating record-breaking travel numbers the weekend before and the weekend after the holiday.'...By Car: Nearly 90% of holiday travelers will be driving to their destinations, making it the most popular way to travel. 107 million people are expected to travel by car, and while that number is 2.5 million higher than last year, it’s shy of 2019’s record of 108 million. Many travelers,
particularly families with young children, prefer the flexibility and lower cost that road trips provide. This holiday season, gas prices are lower than last year, when the national average was around $3.12 in the last two weeks of 2023. Gas demand in December goes down as the weather gets colder, more people work remotely, and holiday shoppers purchase their gifts online versus in person."

Only 34 more days until we retire noted energy expert Jennifer Granholm...

** New York Times ([link removed])
(12/16/24) reports: "If the United States were to continue exporting liquefied natural gas in the way that has made it the world’s biggest gas supplier, it would drive up costs for American consumers and businesses, pollute struggling communities and increase global greenhouse gas emissions, according to a letter written by Energy Secretary Jennifer Granholm that was obtained by The Times. The letter is expected to accompany a study of the economic, national security and climate effects of approving new natural gas export terminals to be issued within days by the Energy Department. President Biden ordered the analysis in January, when he paused the process of issuing permits for more than a dozen new gas export facilities, including what would be the largest terminal ever built in the United States. The pause was praised by environmentalists but triggered outrage from the oil and gas industry. In the letter, Ms. Granholm said that the analysis showed that the continued pace of gas exports
was 'neither sustainable nor advisable.'"
** ([link removed])

Energy Markets


WTI Crude Oil: ↓ $69.26
Natural Gas: ↓ $3.11
Gasoline: ↑ $3.03

Diesel: ↑ $3.50
Heating Oil: ↓ $221.02
Brent Crude Oil: ↓ $72.54
** US Rig Count ([link removed])
: ↓ 591



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