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DAILY ENERGY NEWS  | 02/18/2025
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Gee, if only there was a massive underutilized supply of natural gas in this country.


The Boston Herald (2/17/25) reports: "Bay State families are struggling to handle an 'unexpected rate hike' that has sent their natural gas bills through the roof, and according to [Gov.] Healey it comes as they were already dealing with increased costs for groceries, gasoline, and other everyday goods. The governor says that she is 'deeply troubled' by what she’s hearing. Healey is calling on the DPU to 'proactively identify ways to reduce future price volatility for natural gas customers and make rate changes more transparent and predictable,' as the agency apparently did as recently as two-years ago to address a spike in electricity costs. Lawmakers, in their own letter released Friday, highlighted how at least one of their constituents reported seeing their January Eversource bill climb to $449.91, 'nearly $300 of which was attributed solely to supply costs.' Eversource officials attribute 'higher natural gas usage, resulting from the colder temperatures' as the 'primary driver' for the increases confronting customers."

"It’s perverse that, on the one hand, we’re talking about alleviating poverty through foreign aid, but adopting climate policies that actually aggravate poverty for the simple reason that we’re preventing them from investing their own oil and gas technologies and industries that could finance their own social services, to create wealth, jobs and be more sovereign." 

 

– Max Primorac, Heritage Foundation

Something tells me this might be a bit more useful than teaching Afghanis about degenerate modern art.


Politico (2/10/25) reports: "The Trump administration’s dismantling of the U.S. Agency for International Development may be the first step in a broader plan to use foreign aid as a support system for fossil fuels. Under Trump, USAID — if it survives — could become an agency just tasked with providing global food and humanitarian assistance, with international fossil fuel promotion doled out to other agencies. The Department of Energy also has a beefed-up Office of International Affairs after it got more funding and personnel during the first Trump administration. The office works across government to advance U.S. energy goals. Energy Secretary Chris Wright, a former fracking executive, has said global energy poverty could be achieved in part by increasing U.S. fossil fuel exports. 'I can see the Trump people just repurposing aid to be some sort of pro-energy promotion kind of thing,' said Kurt Donnelly, former deputy assistant secretary of State for energy diplomacy during the first Trump administration."

If you build it, they will come.


RealClearEnergy (2/17/25) op-ed: "President Biden’s war on Alaska began as soon as he took office. He sought to continuously lock up lands, shut down resource development—the lifeblood of the state’s economy – and restrict access to opportunity. In his final few days in office, Biden’s administration rolled out yet another swath of NPR-A regulations designed to create a wilderness area in a place specifically set aside for development and force his ideologies on Alaskans without considering how they would affect the state and its residents. Mother Nature makes the Arctic a hard enough place to do business without having to worry about Uncle Sam’s hoops and red tape. We should encourage investment and welcome those who continue to innovate, drive progress, and create opportunities for Alaska and for the good of the country."

AI has an atomic hunger for energy.


BBC (2/18/25) reports: "Japan says it will increase its reliance on nuclear energy in a major policy shift as it seeks to meet growing demand from power-hungry sectors like AI and semiconductors. The country, which imports 90% of its fuel, needs to look to nuclear sources as part of its plan to cut back on carbon and be self-reliant on energy, said Daishiro Yamagiwa, an MP who was part of a government advisory committee on the energy plan. Japan now operates 14 commercial nuclear reactors, compared to 54 before the Fukushima disaster when 30% of the country's energy was from nuclear sources. To meet the government's goal, experts say 33 reactors must be put back online, but the current pace of safety checks as well as residents' objections in some areas will make this difficult."

Energy Markets

 
WTI Crude Oil: ↑ $71.14
Natural Gas: ↑ $3.65
Gasoline: ↑ $3.16
Diesel: ↑ $3.67
Heating Oil: ↑ $245.05
Brent Crude Oil: ↑ $75.11
US Rig Count: ↑ 609

 
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