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DAILY ENERGY NEWS | 01/08/2025
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** The next phase of Gov. Gavin’s war is an attack on the producers who make life-saving plastics possible.
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Real Clear Energy ([link removed]) (1/6/25) op-ed: "The idea of corporate social responsibility is not new. For years, there has been a push for companies to act in a more socially responsible manner, specifically as it relates to environmental stewardship...California is suing oil and gas giant ExxonMobil for alleged 'deceptive public messaging surrounding plastics recycling' and its culpability in 'the plastic waste and pollution crisis.' Unfortunately, the lawsuit is extremely misguided and ignores the complicated role plastics continue to play in society. It seeks to pin blame on a single company for a global problem while absolving itself from any responsibility. While many states have instituted laws requiring manufacturers to recycle, or otherwise safely dispose of waste products, California’s lawsuit goes a step further. It seeks to hold a company liable for something
that, as a large oil and gas producer, it is only indirectly responsible for...Indeed, there is a reason that plastics are known as the 'material with 1,000 uses.' Today, over 6,000 consumer products rely on petrochemicals as a primary compound. They are found in items as mundane as milk cartons and shampoo bottles to lifesaving medical devices and automobile seatbelts. One would think that a state that claims to be concerned that 'plastics are everywhere' would at least attempt to understand why that is the case, and what makes the material so popular. Unfortunately, that would require California to carefully weigh the pros and cons of plastics, something it has shown no interest in doing as it attempts to wean off oil and gas. California would do well to remember that solving global problems like plastic waste will require global efforts, efforts that are undermined each time it chooses to single out a company already committed to playing its part."
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** "Biden is set to devote a portion of what’s left of his presidency to undermining America’s energy sector and the next administration. He will go out cementing his reputation for spite and opposition to energy abundance."
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– Andrew Follett, National Review ([link removed])
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Demand for American freedom molecules is only going up.
** Energy Information Administration ([link removed])
(12/30/24) reports: "North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028, if projects currently under construction begin operations as planned. Between 2024 and 2028, we estimate LNG export capacity will grow by 0.8 Bcf/d in Mexico, 2.5 Bcf/d in Canada, and 9.7 Bcf/d in the United States from a total of 10 new projects that are currently under construction in the three countries."
Greenpeace isn't concerned with cheaper energy, or better quality of life for normal families.
** ([link removed])
Energy security is national security.
** The National Interest ([link removed])
(12/17/24) article: "China has been waging a quiet war on the United States for years. It is a war not fought with missiles and bullets but waged with minerals and refineries. It’s past time for Washington to acknowledge this reality so America can adopt the war footing necessary for victory. During his first term, President Donald Trump sounded the alarm that “America cannot be dependent on imports from foreign adversaries for critical minerals.” In Congress, Senator Marco Rubio and Congressman Mike Waltz, the president-elect’s nominees to serve as secretary of state and national security advisor, led the charge against Beijing’s critical minerals dominance. They understood that China’s state-directed control of the critical minerals supply chain was not just friendly competition but a strategic attack on America’s industrial base...Rather than meet the China threat head-on, Washington and Europe have argued that they do not want to decouple but selectively de-risk where appropriate. This
focus on semantics has constrained America’s thinking and limited its options to counter the CCP. The United States must recognize the challenge ahead, adopt the requisite policies, and harness the private sector for victory. The new Trump administration should designate a senior official to coordinate a holistic interagency critical minerals strategy. This strategy must reform domestic mine permitting, modernize America’s inadequate minerals stockpile, and impose stiff tariffs on producers that flout environment and human rights. Washington should coordinate efforts with allies yet prioritize those partners ready to mobilize capital and direct U.S. finance institutions to invest in near-term mining projects around the world."
Energy Markets
WTI Crude Oil: ↑ $74.40
Natural Gas: ↑ $3.57
Gasoline: ↑ $3.06
Diesel: ↑ $3.54
Heating Oil: ↑ $236.17
Brent Crude Oil: ↑ $77.16
** US Rig Count ([link removed])
: ↑ 576
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