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DAILY ENERGY NEWS | 12/23/2024
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** Tomorrow comes today.
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Reuters ([link removed]) (12/20/24) reports: "Wells Fargo has withdrawn from a group of global banks committed to curbing greenhouse gas emissions, increasing the number of high-profile firms exiting climate initiatives amid mounting political pressure. The bank has ended its membership in the Net-Zero Banking Alliance, a spokesperson said on Friday, two weeks after another notable exit by Goldman Sachs."
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** "American families are already struggling with rising costs across the board. The last thing they need is another policy that makes filling up the gas tank even more expensive."
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– L ([link removed]) arry Behrens, Power the Future ([link removed])
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The Unregulated Podcast #211: From the Bottom of My Black Heart
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Rollback.
** Reuters ([link removed])
(12/17/24) reports: "Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters. The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China’s heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. On the campaign trail, Trump vowed to ease regulations on fossil-fuel cars and roll back what he called President Joe Biden’s EV mandate."
AEA's Kenny Stein discusses the Trump administration's approach to energy on Energy MIXX.
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Energy Markets
WTI Crude Oil: ↓ $69.30
Natural Gas: ↑ $3.83
Gasoline: ↑ $3.04
Diesel: ↓ $3.50
Heating Oil: ↑ $224.07
Brent Crude Oil: ↓ $72.74
** US Rig Count ([link removed])
: ↓ 589
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