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DAILY ENERGY NEWS  | 01/31/2025
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We trust our faithful readers at 1600 Pennsylvania will make the right choice.


Associated Press (1/30/25) reports: "President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he’s still considering whether to include oil from those countries as part of his import taxes. 'We may or may not,' Trump told reporters Thursday in the Oval Office about tariffing oil from Canada and Mexico. 'We’re going to make that determination probably tonight.' Trump said his decision will be based on whether the price of oil charged by the two trading partners is fair, although the basis of his threatened tariffs pertains to stopping illegal immigration and the smuggling of chemicals used for fentanyl. The risk of tariffs on Canadian and Mexican oil could undermine Trump’s repeated pledge to lower overall inflation by reducing energy costs. Costs associated with tariffs could be passed along to consumers in the form of higher gasoline prices — an issue that Trump placed at the center of his Republican presidential campaign as he vowed to halve energy costs within one year."



"The near demise of American mining was not because the resources played out, but because the political will did. And that may finally be changing." 

 

– Greg Walcher, Heartland Institute

Burn, baby, burn...


Reuters (1/31/25) reports: "India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before, according to data from Kpler, which may seem like good news to climate trackers monitoring trends in the world's second-largest coal consumer. But total coal-fired power generation hit new highs in India last year, so lower imports mean that higher volumes of domestic coal were burned for power instead, and that's bad news for emissions levels. India's domestically-mined coal is generally of lower quality and can contain over twice as much ash as most imported coal. That combination means that power plants need to burn greater volumes of Indian coal than imported coal to generate the same amount of power, and can generate more ash and toxic emissions when burning local coal compared to imported coal. The trend of using more local coal and reducing coal imports looks set to continue as the government aims to become more self reliant in terms of energy supplies and ensure support for the local mining industry, which is a major employer...India's consumption of coal for power also expanded geographically in 2024, with a growing share of coal use taking place outside the traditional largest coal-burning states."

The Biden LNG ban has been dead for only 11 days and already countries are lining up for more freedom molecules. 


Energy Security & Freedom (1/31/25) substack: "Asian countries, such as Japan and China, are compelled to buy more American liquified natural gas (LNG) if they want to avoid Trump’s tariffs. Japan, with a $71 billion trade advantage over the United States, has placed LNG in a more prominent role in the latest draft of its national energy plan. Japan is the world’s second-largest LNG market and has purchased LNG from the Freeport and Cameron LNG terminals on the U.S. Gulf Coast and the Cove Point facility in Maryland. China has agreed to buy a combined 14 million tons of U.S. LNG from 2026, 50% higher than the previous record in 2021, and may add more shipments to negotiate more favorable tariff considerations with the Trump administration. On inauguration day, President Trump signed an executive order that reversed the Biden administration’s pause on new LNG export projects. Along with Trump’s tariffs, that reversal is expected to revive new gas projects and provide for more LNG purchases...President Trump ended President Biden’s LNG pause through an executive order and threatened tariffs so that countries would buy more U.S. LNG. China and Japan are the two largest LNG importers, and President Trump would like them to buy more U.S. LNG. They are both considering doing so, with Japan adding stable LNG supplies to its national energy plan and China using more natural gas with 20 more gigawatts of natural gas capacity coming online."

The push for renewables has never been about making energy more reliable or affordable.

A long, long time ago these guys were an empire...


Reuters (1/30/25) reports: "Britain's approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, a significant win for environmental campaigners that leaves the decision on whether the projects should go ahead with the government. Shell and Equinor fought to uphold approval for the projects in the face of challenges by Greenpeace and Uplift, which argued the approvals unlawfully failed to take into account the emissions that would come from the oil and gas being used, known as downstream emissions. The Court of Session in Edinburgh ruled that, as Britain's decisions to approve the projects were unlawful, the decisions must be retaken. 'The public interest in authorities acting lawfully and the private interest of members of the public in climate change outweigh the private interest of the developers,' Judge Andrew Stewart said in a written ruling. The three companies will be able to continue work on the projects, but no oil or gas may be extracted until the government retakes the decisions...The judicial reviews by Greenpeace and Uplift came after a landmark ruling by the United Kingdom's Supreme Court which said planning authorities must consider the impact of burning, rather than just extracting, fossil fuels when approving projects. This prompted Britain to announce it would not defend Greenpeace and Uplift's cases, having also dropped its opposition in other, similar cases."

If you oppose a carbon tax, tariff, fee, or "border adjustment," you should get on this list.
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: ↑ $72.82
Natural Gas: ↓ $4.00
Gasoline: ↓ $3.02
Diesel: ↓ $3.66    
Heating Oil: ↑ $248.60
Brent Crude Oil: ↓ $76.80
US Rig Count: ↓ 590

 
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