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DAILY ENERGY NEWS | 12/20/2024
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** Apparently clearing the decks ain't as easy as it used to be...
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E&E News ([link removed]) (12/19/24) reports: "Disaster aid, agricultural assistance, a farm bill extension, water infrastructure grants and dozens of other environmental provisions in Congress’ sprawling government funding deal were teetering on the brink of collapse Wednesday night after President-elect Donald Trump and his allies worked to trash the bipartisan proposal. Less than 24 hours after congressional leaders released a stopgap funding bill that was loaded up with additional legislative priorities, business leaders Elon Musk and Vivek Ramaswamy — some of Trump’s most outspoken and influential advisers — called on House leaders to scrap the bill in favor of a 'clean' continuing resolution without riders supported by Democrats. Trump and Vice President-elect JD Vance followed suit on the social media platform X, calling for congressional Republicans to allow a shutdown to begin this weekend if their eleventh-hour
demands for a slimmed down CR were not met...The demands foiled House Republican leaders’ plan to pass the bipartisan CR as early as Wednesday evening, plunging the future of $100 billion in disaster funding, $10 billion in farm aid and myriad other riders on the package into uncertainty...Senate Environment and Public Works Chair Tom Carper (D-Del.), who sponsored one of two bipartisan recycling-focused provisions that made it into the CR, predicted that even those would survive — even as Rep. Chip Roy (R-Texas) called them out on X."
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** "At the expense of its residents, who are now paying the highest costs for electricity and fuels in the nation, California’s Governor Newsom remains oblivious to the other 8 billion on this planet that are dependent on the products and fuels from oil, the same oil for which there is no known replacement."
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– Ronald Stein, The Heartland Institute ([link removed])

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An equation in search of a solution to a problem that never existed.

** Inside Sources ([link removed])
(12/19/24) reports: "U.S. energy industry leaders blasted a new Biden administration report urging limits on liquid natural gas exports as deceptive and driven by politics. In the report, Energy Secretary Jennifer Granholm acknowledged the industry helped provide jobs to Americans but argued increasing LNG exports would harm the U.S. economy in the long term...Several independent studies appear to rebut the administration’s findings. A Texas Oil & Gas Association-commissioned study reported natural gas prices at Louisiana’s Henry Hub in February 2024 were at their lowest since 1994. 'LNG exports have spurred production and fostered productivity gains, thus contributing to sustained downward pressure on prices,' the study concluded. The S&P Global review reported U.S. household gas prices would be negligibly affected by increased LNG exports. Analysts noted gas prices trended downward, 'interrupted only temporarily by the combination of rapid post-COVID growth and Russia’s invasion of
Ukraine in 2022.'...American Energy Alliance President Tom Pyle said Granholm’s report is another example of the White House looking to suppress American energy. 'This whole effort has been nothing more than an equation in search of a solution to a problem that never existed,' he said. Pyle said Granholm once couldn’t answer how many barrels of oil the country consumed in a day."

Just how disastrous is California's plan to electrify freight rail? IER's Dr. David Dismukes reveals his ** latest findings ([link removed])
on the Energy Show.

** ([link removed])

Looks like Biden already forgot that his team lost.

** Politico ([link removed])
** ([link removed])
(12/19/24) reports: "On the cusp of Donald Trump’s rise to power, President Joe Biden has announced a new U.S. climate goal to slash emissions 61-66 percent by 2035. While the president-elect is sure to disregard the planetary pollution reduction target, analysts say it sends a clear signal of what the world’s largest economy can do to fight climate change even without federal assistance, write Sara Schonhardt and Zack Colman. (Plus, the blueprint is required under the Paris Agreement.) 'The 2035 climate target can serve as a North Star for states, cities and corporations that are committed to climate action,' said Manish Bapna with the Natural Resources Defense Council. The target marks an increase from Biden’s 2021 pledge to slash carbon pollution 50-52 percent by 2030 compared with 2005 levels. But it’s at the lower bound of what scientists say is necessary to stave off the worst climate change has to offer, said Debbie Weyl of the World Resources Institute. Actually achieving those
reductions under a new president who has pledged to exit the Paris Agreement and ramp up fossil fuel production is another story."

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: ↓ $69.02
Natural Gas: ↑ $3.61
Gasoline: ↑ $3.05

Diesel: ↑ $3.51
Heating Oil: ↓ $222.29
Brent Crude Oil: ↓ $72.48
** US Rig Count ([link removed])
: ↓ 579



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