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DAILY ENERGY NEWS | 01/09/2025
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** Tom and Mike are back with the first episode of the Unregulated Podcast for 2025. Now streaming on our website ([link removed]) , or wherever you enjoy fine podcasts.
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"Ultimately, extreme energy programs — whether state or federal — only hurt the people that government claims to serve."
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– Michael Dorstewitz, Newsmax ([link removed])
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You don't need to keep campaign promises if you lose.
** Wall Street Journal ([link removed])
(1/8/25) op-ed: "While Kamala Harris was campaigning on the claim that she would 'never tell you what kind of car you have to drive,' the Environmental Protection Agency was working overtime to ban the internal-combustion engine. The EPA revealed its latest efforts in December by giving the green light to California’s ban on the sale of new gasoline-powered cars as well as mandates intended to kill diesel trucks. Although federal law prohibits states from making such rules, the EPA decided to approve them anyway via waivers. President-elect Trump has promised to end electric-vehicle mandates on day one of his administration. But rolling back EPA waivers through the administrative process would be slow and laborious. Doing it through the conventional legislative route would require 60 Senate votes to overcome a filibuster. A better solution is to use the Congressional Review Act, which calls on federal agencies to send 'rules' of 'general applicability' to Congress. If lawmakers don’t like a
particular rule, they have 60 days to introduce a resolution of disapproval, which needs only to clear the House and pass the Senate with a simple majority—no filibuster. If the president signs the resolution, the regulation is repealed."
I hear the worst train rule a-comin', it's a-rolling ‘round the bend...
** Politico ([link removed])
(1/7/25) reports: "California is still waiting on the Biden administration to let it implement its emissions rules for trucks and trains before Donald Trump takes office — and those last two may be the toughest to get. While Trump and congressional Republicans have focused most of their ire on the state’s zero-emission sales mandate for passenger cars, which the Environmental Protection Agency approved last month, the California Air Resources Board’s rules covering trains and trucks are the biggest from both industry and environmentalists’ perspective...The locomotive rule, in particular, which would require all new trains to be zero-emission starting in 2035, is projected to reduce nitrogen oxides (which form smog) by the most of all of California’s rules that need federal permission to enforce. CARB’s Advanced Clean Fleets rule, which requires trucking fleets to buy increasing percentages of zero-emission trucks, is close behind, Magavern said...The Association of American Railroads,
which represents companies like Union Pacific and BNSF Railway, sued CARB over its locomotive rule in 2023, alleging that it illegally regulates interstate commerce. The California Trucking Association sued CARB over the ACF in 2023 as well, and last year succeeded in getting the agency to delay enforcement for fleets with compliance deadlines starting in 2024. Both suits are still active."
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Grossly mismanage the forests. Forests burn. Blame climate change. Rinse. Repeat.
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I'm guessing Iran is not looking forward to January 20th.
** Reuters ([link removed])
(1/8/25) reports: "Iran is pushing to recoup 25 million barrels of oil from China that has been stuck for six years in Chinese ports due to sanctions imposed by then-U.S. President Donald Trump, three Iranian and one Chinese source familiar with the matter said. Trump is returning to power on Jan. 20, and analysts say he is expected to tighten sanctions again on Iranian oil exports to limit Tehran's income, as he did during his first term as president.Despite some of the West's toughest sanctions, Iran has built a roaring global trade for its oil, relying on a shadow fleet of tankers that conceal their activity. Most Iranian oil sold to China is redocumented as non-Iranian en route to Chinese ports...Iran's Foreign Minister Abbas Araghchi visited Beijing in December and made some progress on the issue of stranded oil, the Iranian source said but gave no further detail. Iran would have to reload oil from tanks into ships, make a ship-to-ship transfer at sea and redocument it in order to be
able to sell it, one of the Iranian sources said, citing his experience with Iranian oil exports and Chinese customs proceedings."
Energy Markets
WTI Crude Oil: ↑ $73.84
Natural Gas: ↑ $3.84
Gasoline: ↑ $3.06
Diesel: ↑ $3.54
Heating Oil: ↑ $237.69
Brent Crude Oil: ↑ $76.72
** US Rig Count ([link removed])
: ↑ 574
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