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DAILY ENERGY NEWS | 01/13/2025
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** Trump to Big Wind: You blow!
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Wall Street Journal ([link removed]) (1/12/25) article: "Every once in a while Donald Trump ([link removed]) says something that shocks Washington with its blunt truth. So it was during last week’s discursive press conference when he observed that wind power isn’t economic without subsidies. Wind farms 'only work if you get a subsidy,' Mr. Trump mused. 'The only people that want them are the people that are getting rich off windmills, getting massive subsidies from the U.S. government. And it’s the most expensive energy there is. It’s many, many times more expensive than clean natural gas. . . . You don’t want energy that needs subsidy.' The media’s fact-checkers pounced and proclaimed that wind energy is among the cheapest and fastest-growing power sources. But that’s only because of rich subsidies, which were sweetened by the Inflation
Reduction Act. Federal tax credits can cover 50% of the cost of building an offshore wind farm and more than 80% of the cost onshore."
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"I don't care where energy comes, as long as it is secure, reliable, affordable and betters human lives."
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– Chris Wright, N ([link removed]) ominee for Secretary of Energy ([link removed])

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Like Colonel Kilgore said, "some day this war's gonna end"...

** Reuters ([link removed])
(1/10/25) reports: "Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden's administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to hit every stage of Moscow's oil production and distribution chains. The sanctions will cut Russian oil export volumes and make them more expensive, UBS analyst Giovanni Staunovo said. Their timing, just a few days before President-elect Donald Trump's inauguration, makes it likely that Trump will keep the sanctions in place and use them as a negotiating tool for a Ukraine peace treaty, Staunovo added."

** ([link removed])

Apparently your vote only counts if you agree with the Democrats.

** The Seatle Times ([link removed])
(12/23/24) reports: "Nearly 2 million residents voted to approve Initiative 2066, which aims to protect the use of natural gas as an energy source in state law and within Washington’s building codes. [Last] month, climate advocates, joined by King County and the City of Seattle, filed suit in court to block the will of those voters. While the courts will have final say, Gov. Jay Inslee and Democratic legislative leaders support killing off what they see as a misguided and overly broad initiative. Their view brushes aside the concerns of the majority of state voters. Those leaders fail to see a genuine fear that, during the clean energy transition, the fundamental supply of energy to homes and businesses — the basic ability to stay warm, cook food and bathe — is under threat. Blocking the initiative is not the way to reassure Washingtonians about the state’s energy supply and earn their trust within the immense and necessary effort of decarbonization."

Congestion pricing helps commuters enter NYC gridlock even quicker.

** New Jersey Monitor ([link removed])
(1/13/25) reports: "As the second full workweek of congestion pricing begins, supporters of the new tolling program point to speedier commute times as proof the program is working as intended. Commute times at two tunnels taking New Jersey drivers into New York City fell in congestion pricing’s first week, but traffic in the city remained largely static, according to a traffic tracker run by two college students. Supporters of congestion pricing have said the policy is meant to reduce gridlock and pollution in Manhattan. But the tracker, developed by Brown University senior Benjamin Moshes and Northeastern University freshman Joshua Moshes (who are brothers), showed virtually no change in traffic inside the tolling zone."

Energy Markets


WTI Crude Oil: ↑ $78.08
Natural Gas: ↑ $4.00
Gasoline: ↑ $3.06

Diesel: ↑ $5.81
Heating Oil: ↑ $254.47
Brent Crude Oil: ↑ $80.95
** US Rig Count ([link removed])
: ↑ 589



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