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DAILY ENERGY NEWS | 02/06/2025
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** Personnel is policy.
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Fox News ([link removed]) (2/5/25) reports: "As of Wednesday, 11 of President Donald Trump's cabinet nominees have been successfully confirmed to their posts. While some, like Secretary of State Marco Rubio, sailed through, others, like Attorney General Pam Bondi, saw their confirmation process marred with pointed confrontations and deep dives into their personal lives, as was the case for Defense Secretary Pete Hegseth...Interior Secretary Doug Burgum received substantive Democratic support in his final confirmation vote of 80-17 last week. Three Democrats did not vote. His confirmation hearing’s tenor was also mixed, with fellow North Dakotan, Sen. John Hoeven, calling him the right man for the job...Energy Secretary Chris Wright was confirmed Sunday in a 59-38 vote, with one Democrat and two Republicans not voting. The energy company CEO from Colorado told lawmakers he would unleash U.S.
energy potential as secretary. He has been a critic of climate change regulations and was endorsed by American Energy Alliance chief Tom Pyle, as well as Sen. John Barrasso, R-Wyo. – the former chairman of the natural resources committee...Former New York Rep. Lee Zeldin sat for his confirmation hearing to lead the Environmental Protection Agency two weeks ago and was grilled by Democrats on his views of climate change...In the final vote, three Democrats joined Republicans to confirm him – Pennsylvania Sen. Fetterman and both Arizona senators – while three other Democrats did not vote."
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** “When American energy is unleashed, human lives are bettered. I look forward to serving.”
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– Chris Wright, Secretary of Energy ([link removed])
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When are shareholders going to fire Chris Farley's cousin?
** Sherwood ([link removed])
(2/5/25) reports: "Electric vehicles still aren’t providing the spark Ford’s looking for. In its latest earnings report, released Wednesday, Ford anounced another quarter in the red for its EV division, as expected. Broader results and 2025 guidance also disappointed investors, who sent the stock 4.5% lower after hours. With its Q4 loss of $1.4 billion, Ford’s total EV loss climbed to $5.1 billion in 2024. That’s up from 2023’s loss of $4.7 billion, and more than double 2022’s loss of $2.1 billion. Put another way, Ford’s EV biz lost about the value of 100,000 new F-150s last year. Measured against those losses: the 98,000 electric vehicles Ford sold in 2024 (a 35% increase from 2023). The carmaker also sold 187,000 hybrids and about 1.8 million gas-powered vehicles — all increases, though just barely for combustion vehicles. The automaker is planning lower-cost EVs and extended range EVs, but both lines are reportedly still two years away. In the meantime, the electric F-150 Lightning was
outsold in Q4 by Tesla’s Cybertruck (which itself has stalled out)."
After Elon and DOGE take care of the executive branch they need to move on to Big Green, Inc.
** KMPH ([link removed])
(2/5/25) reports: "President Trump answered questions from the press during an executive order signing event Tuesday in the Oval Office. 'One of the things I want to investigate rapidly because I've never seen anything to this extent, the train that's being built between Los Angeles and San Francisco,' President Trump said. 'It's the worst managed project I think I've ever seen, and I've seen some of the worst.' President Trump said he read that every person who would ride the train could instead take a limousine back and forth, 'and you'd have hundreds of billions of dollars left over.' 'It is the worst thing, and we're going to start an investigation of that because it's not possible. I built for a living and I built on time - on budget,' he said. 'It's impossible that something could cost that much.'"
Case dismissed.
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Liberate Alaska!
** Fox News ([link removed])
(2/5/25) reports: "President Trump signed an executive order overlooked by some in the media on his first day of office that experts tell Fox News Digital will play a critical role in developing mineral resources in the United States. On the first day of his presidency, Trump signed an executive order advancing the Ambler Access Project, a 211-mile industrial road through the Brooks Range foothills that enables commercial mining for copper, zinc and other materials in a remote Arctic area in Northwest Alaska. That executive order, one of dozens signed by Trump in the early hours of his administration, reverses a move by former President Biden to block the project and represents a significant change in energy policy, according to experts who spoke to Fox News Digital. 'President Biden issued 70 executive actions that discouraged tapping into Alaska's natural resources and public lands access,' Gabriella Hoffman, Independent Women’s Forum Center for Energy & Conservation Director, told Fox
News Digital. 'Unlike his predecessor, President Trump recognizes Alaska's potential to meet domestic energy and national security needs for reliable energy and critical minerals—including restoring the Ambler Access Project connecting to the Ambler Mining District.'"
Energy Markets
WTI Crude Oil: ↑ $71.73
Natural Gas: ↓ $3.32
Gasoline: ↑ $3.13
Diesel: ↑ $3.66
Heating Oil: ↑ $239.87
Brent Crude Oil: ↑ $75.24
** US Rig Count ([link removed])
: ↑ 596
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