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DAILY ENERGY NEWS  | 03/19/2025
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The Party of Science...


Fox News (3/19/25) reports: "The Biden administration buried for more than a year a final draft report that failed to prove that an increase in U.S. liquefied natural gas (LNG) export terminals was linked to a meaningful impact on greenhouse gas emissions, according to a copy of the findings, exclusively previewed to Fox News Digital. The Biden administration stalled the release of the information, senior Trump administration officials told Fox News Digital, delaying sharing the data with House Oversight Committee Republicans. The Daily Caller News Foundation first reported that the Biden administration 'intentionally buried' the study. The impact that new U.S. LNG exports had on the environment and the economy had been reviewed by U.S. Energy Department scientists and federal contractors, who by September 2023 had completed their work and had a draft final report ready for publication."

"The 'remedy' of degrowth would be worse for humanity than any climate catastrophe it purports to prevent. Thankfully, our grandparents didn’t pay heed to the Club of Rome in the 1970s, and we owe it to our grandchildren to ignore the degrowthers today."

 

– Maarten Boudry, HumanProgress.org

There will be no comeback special for Special Envoy Kerry...


OilPrice.com (3/18/25) op-ed: "The oil industry and everyone else who has reservations about the chances of success of the energy transition is on the wrong side of history. The claim came last week from John Kerry, tireless transition advocate and opponent of the oil and gas industry. Unfortunately, evidence suggests his claim is anything but accurate. 'There is more chance of Elvis speaking next than the current plan working! And a wave of public dissatisfaction with transition reality is crashing over countries, companies, and consumers alike,' Aramco’s chief executive Amin Nasser said at this year’s CERAWeek. Unfortunately for Kerry and other transition advocates—and unlike them—Nasser is right... Indeed, a lot has been invested in things like wind, solar, and battery storage, but there are two important details. First, the energy capacity this investment has enabled has gone to cover additional energy demand and not to replace oil, gas, and coal. Indeed, coal remains a top energy source globally, notably in China, which is the undisputed leader in transition investments. The second detail is China versus the other top transition performers."

We've said it before and we'll say it again - the net-zero fantasy ends not with a bang, but a whimper.  


Scientific American (3/12/25) reports: "The day after President Donald Trump won back the White House, the leaders of a climate action coalition backed by Apple and hundreds of other corporate giants put out defiant statement vowing to 'fight for the future Americans demand and deserve.' The message from the America Is All In coalition last November was a rebuke of Trump, who had campaigned on undoing the Biden administration's historic efforts to reduce U.S. reliance on oil, gas and coal. But as Trump's second administration started to take shape in the weeks after the election — with conservative firebrands picked to lead agencies like the Department of Justice and the Office of Management and Budget — the tone softened from America Is All In, and its top corporate supporters stepped back from the group. None of the coalition's leading technology, retail or industrial companies signed the group’s open letter in December reaffirming its commitment to the Paris Agreement, the international climate pledge the coalition was created to defend. The nonsigners included Walmart, Siemens and Apple, the world's most valuable company, whose policy chief Lisa Jackson was co-chair of the coalition at the time." 

New state, same playbook.


Energy In Depth (3/18/25) reports: "Pennsylvania State lawmakers are considering a proposal put forward by Representative Joe Webster, a Democrat from Montgomery County, to study the costs of climate change on Pennsylvania. The bill – H.R. 90 – sponsors a plan to require Pennsylvania’s Joint State Government Commission to study the cost of measures to combat future climate change in Pennsylvania, as well as analyze future global warming’s impact on the state’s 'natural, built, and social environments.' While the bill may sound innocuous enough, Rep. Webster’s media blitz touting the proposal came just days after a public event hosted by well-known, billionaire-funded activists supporting climate lawsuits in Pennsylvania, raising questions about the groups’ continued lawfare agenda in the state... CCI, the main activist group supporting climate lawsuits, has clearly recognized that climate suits are near-impossible unless a court can localize and put a price tag on the effects of global greenhouse gas emissions. To that end, CCI has poured resources into biased 'climate costs' studies tailor-made for use in the courtroom."

Energy Markets

 
WTI Crude Oil: ↓ $66.88
Natural Gas: ↑ $4.16
Gasoline: ↑ $3.10
Diesel: ↑ $3.60
Heating Oil: ↑ $220.67
Brent Crude Oil: ↑ $70.58
US Rig Count: ↑ 621

 
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