Too much?

View this email in your browser

DAILY ENERGY NEWS | 03/13/2025

Subscribe Now

Anyone tired yet?

Fox News (3/12/25) reports: "The Environmental Protection Agency (EPA) announced the 'most consequential day of deregulation' in U.S. history on Wednesday, putting the Biden administration's Clean Power Plan 2.0, which cracked down on power plants, on the chopping block. 'President Trump promised to kill the Clean Power Plan in his first term, and we continue to build on that progress now,' EPA Administrator Lee Zeldin said in an announcement, first obtained by Fox News Digital. 'In reconsidering the Biden-Harris rule that ran afoul of Supreme Court case law, we are seeking to ensure that the agency follows the rule of law while providing all Americans with access to reliable and affordable energy.'...Zeldin posted a video on Wednesday announcing the EPA is taking 31 actions to 'advance President Trump's Day 1' executive orders to 'Power the Great American Comeback.' 'I'm pleased to make the largest deregulatory announcement in U.S. history,' he said in the video, announcing that the Clean Power Plan 2.0 is on the chopping block. 'The Environmental Protection Agency is initiating 31 historic actions to fulfill President Trump's promise to unleash American energy, revitalize our auto industry, restore the rule of law and give power back to the States. EPA will be reconsidering many suffocating rules that restrict nearly every sector of our economy and cost Americans trillions of dollars.'"

"To help end the current cost-of-living crisis, Mr. Trump is clearing the way for a surge in domestic energy production."

– EJ Antoni,
The Heritage Foundation

No oversight. No scrutiny. No funding.

National Review (3/12/25) reports: "A politically connected left-wing nonprofit aims to draw on tens of millions of taxpayer dollars to finance a new solar energy project which they claim will save Arkansas’s university system tens of millions of dollars while drastically reducing carbon emissions — but the project’s backers can’t, or won’t, show the math behind their rosy projections...To get the project off the ground, the left-wing nonprofit Climate United announced in October that it would provide $31.8 million in federal dollars for pre-construction financing...The taxpayer-financed loan is supposed to come from the Greenhouse Gas Reduction Fund, or GGRF, a pot of $20 billion for green-energy projects established by the so-called Inflation Reduction Act under the Biden administration...Critics also take issue with what they say is a lack of oversight — the Biden administration awarded the $20 billion to eight nonprofits, including Climate United, who are responsible for vetting and choosing projects to invest in, a scenario ripe for abuse and cronyism. Biden EPA Administrator Michael Regan once called the IRA funding 'walking around money.' 'There’s no scrutiny, there’s no oversight, there’s no transparency in this entire process,' said Thomas Pyle, president of the Institute for Energy Research, a free-market nonprofit. 'We are just burning taxpayer cash.' 'The federal government should absolutely not be funding any of these projects,' Pyle added. 'They shouldn’t be choosing what types of energy people use. They’re not grid operators and they’re not producers.'”

The IRA has to go. Root and branch. Nothing less.

E&E News (3/12/25) reports: "A bloc of House Republicans is doubling down on their public support for protecting renewable energy tax credits — but exactly how far they will go to save at least part of former President Joe Biden’s climate law remains unclear. Twenty-one Republicans over the weekend sent a letter to Ways and Means Chair Jason Smith (R-Mo.) — the House’s lead tax writer — voicing support for 'sector-wide energy tax credits' intended 'to make major investments in domestic energy production and infrastructure for traditional and renewable energy sources alike.' The letter comes as Republicans are beginning in earnest to seek out savings in their budget reconciliation bill. The bill seeks to cut taxes, boost spending on the border and bolster energy — all along party lines. The purpose of the letter was to emphasize that at least 21 Republicans do not want to 'throw out the IRA entirely,' said GOP Rep. Buddy Carter, one signer who has relentlessly touted a $7.6 billion Hyundai vehicle and battery plant in his deep-red Georgia district. The company said it sped up construction to take advantage of domestic production incentives."

Common sense is breaking out all over.

BBC (3/12/25) reports: "The Scottish government is to scrap flagship plans to make homeowners switch to greener heating soon after buying a new home. The acting net-zero secretary Gillian Martin told MSPs that the draft Heat in Buildings Bill would no longer be put forward in its current form. She said the legislation - drafted by the Scottish Greens as part of the Bute House Agreement - would 'make people poorer.' But Scottish Green co-leader Patrick Harvie, who drafted the bill, said the decision 'flies in the face of the climate ambitions that this government is supposed to have.'...The legislation would have meant anyone buying a home would have had to change to a green heating system – like a heat pump – within, say, two years of the sale being completed. The exact time frame had not been decided. But with the 2030 target now scrapped, and a much delayed energy strategy still not forthcoming, the pressure is off."

Energy Markets

WTI Crude Oil: ↓ $67.14
Natural Gas: ↓ $3.98
Gasoline: ↓ $3.07

Diesel: ↓ $3.61
Heating Oil: ↓ $219.48
Brent Crude Oil: ↓ $70.47
US Rig Count: ↑ 613

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect on Facebook

Follow on X

Subscribe on YouTube

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 525
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list