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DAILY ENERGY NEWS | 01/10/2025
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** Natural gas and imported electricity bailed out the U.K.'s renewables experiment for the third time this winter.
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New Civil Engineer ([link removed]) (1/9/25) reports: "The National Energy System Operator (Neso) on Wednesday issued its third capacity market notice (CMN) of autumn and winter 2024/25 to ensure that no blackouts occurring on the UK electricity grid.Neso also anticipated the low margin in advance, releasing an electricity margin notice (EMN) to the market the night before at 8.39pm on 7 January. It anticipated the drop below 500MW margin the next day, but as it was not yet within four hour window, an EMN was issued prior to the CMN...Neso then alerted the public to the issuance of the CMN at 12.01pm on Wednesday 8 January, to come into effect at 04.00pm. The reasons for the alert were listed as 'margin below threshold set out in Capacity Market Rules.' Anticipated demand was 44,695MW whereas supply was 44,910MW. The anticipated margin between demand and supply was too small (below 500MW),
rather than negative, but this was enough for the automated system to jump into action and issue the CMN...Neso has a system called the capacity market, which can automatically produce alerts called capacity market notices. The system is sometimes referred to colloquially as the 'blackout prevention system'...The researchers said low wind capacity was in-part to blame, in combination with the cold snap...'Gas plants were called upon heavily – almost all of the 28GW of available capacity was needed but at least four plants seem to have taken economic advantage of the market situation and dropped their supply in the wholesale market only to be called back on in the balancing mechanism at very inflated rates. Interconnectors were almost already at near full import on the day ahead market, but two were out of service (NEMO to Netherlands and Viking link to Denmark – 50%).'"
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"Defund Sierra Club."
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– Elon Musk ([link removed])

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Many people are saying ** this report ([link removed])
is an essential read for anyone concerned with Biden's EV mandate.

** Heartland Institute ([link removed])
(1/9/25) article: "A new report from the Institute for Energy Research (IER) details the costs of electric vehicles (EVs), the limitations to electric vehicle adoption, and the myths surrounding electric vehicle policy. In ** When Government Chooses Your Car ([link removed])
, IER finds that the average price of EVs is 42 percent higher than traditional, internal combustion engine-powered (ICE) vehicles. Further, U.S. average charging costs for a typical-sized EV battery are $12.32 per charge, and as high as $25.01 per charge in California. 'More electric vehicles mean more electric load placed on an already strained grid….Massive infrastructure and electric capacity investments are needed to meet this increased demand,' IER notes...The IER paper also notes that the higher repair costs for EVs are typically reflected in insurance premiums, which are around 20 percent higher for EVs than for traditional automobiles. What’s more, EVs typically depreciate in value faster than ICE vehicles due to their maintenance costs, as replacement battery packs can cost up to $30,000. IER also points out that while EVs eliminate tailpipe emissions, their heavier weight and faster acceleration may increase particulate emissions from tire wear and that tire emissions may exceed
tailpipe emissions. Additionally, EVs require significantly more mineral inputs than conventional cars and the environmental impact of mining these minerals is considerable."

He may be moving on from ESG, but we will never forget the damage Larry Fink has done to the capitalist system.

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I'm not a fan of sue and settle, but perhaps President Trump can come to some sort of agreement here. 😉

** Anchorage Daily News ([link removed])
(1/8/25) reports: "The state of Alaska on Monday sued the Biden administration over restrictions set on an upcoming oil and gas lease sale in the Arctic National Wildlife Refuge. The state argues in the complaint that the restrictions were designed to severely limit oil exploration and drilling in the refuge, a 19 million-acre area where the fight over oil and gas development has played out for decades. The lawsuit, filed in U.S. District Court in Alaska, argues that the restrictions violate a 2017 law that for the first time required lease sales in the coastal plain of the refuge and called for development of an oil and gas program there. A spokesperson with the Interior Department said the agency had no comment on the complaint. The filing comes as the federal government prepares to hold its second lease sale in the refuge Friday, opening potential bids from oil and gas companies seeking to lease tracts in the refuge...Alaska Gov. Mike Dunleavy said in a statement Tuesday that the lawsuit
is important in part to help provide a source of future money for the Alaska Permanent Fund. 'We have already heard comments from the incoming president that his administration will thankfully take a different tack and open up those areas that are meant to be developed,' Dunleavy said. 'But unfortunately, we can’t wait for that — we have to challenge this unlawful action now.'"

Carbon Taxes are bad no matter where you impose them. If you oppose a carbon tax, take a stand and join ** 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: ↑ $77.24
Natural Gas: ↑ $3.91
Gasoline: ↑ $3.06

Diesel: ↑ $3.54
Heating Oil: ↑ $249.35
Brent Crude Oil: ↑ $3.91
** US Rig Count ([link removed])
: ↓ 578



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