View this email in your browser ([link removed])
DAILY ENERGY NEWS | 04/07/2025
Subscribe Now ([link removed])
** Looks like the market never really wanted EVs that much.
------------------------------------------------------------
The Washington Post ([link removed]) (4/04/25) reports: "Over the past few years, electric vehicle manufacturing facilities producing lithium batteries, car parts and critical minerals sprang up all over the United States. Drawing on cash and tax credits from the Inflation Reduction Act, these factories promised to provide jobs — largely in Republican areas — and to set the nation on a path to making homegrown EVs. According to data from Atlas Public Policy, a policy research group, more projects were canceled in the first quarter of 2025 than in the previous two years combined. Those cancellations include a $1 billion factory in Georgia that would have made thermal barriers for batteries and a $1.2 billion lithium-ion battery factory in Arizona."
[link removed]
** "The biggest barrier in energy development the last few decades is people, for political reasons, calling climate change a crisis. So factories that would've been here in Colorado are instead in Texas or in Asia. You can say this is all for climate change. But most of that is just nonsense. Honestly, it's just nonsense."
------------------------------------------------------------
– Chris Wright, Secretary of Energy ([link removed])
============================================================
Couldn't agree more, Congressman.
** ([link removed])
Trump can do it on his own.
** Wall Street Journal ([link removed])
(3/31/25) opinion: "While ordering the executive to spend appropriated money, the courts acknowledged the funds need not go to the Biden administration’s selected grantees. This means Trump agencies can simply reframe the grant forecasts—initial announcements of planned funding opportunities—and call for a larger pool of grantees. Legal challenges will follow, but the courts have already signaled Mr. Trump would be on solid ground. And maybe seeing the federal bureaucracy flood their ideological opponents with cash for a change may cause some Democrats to see rescission’s appeal. If Congress passes rescission bills, some or all of these forecasts will never become open grants and the money need not be spent. But if Congress can’t pull it off—the Senate already rejected an amendment to cut some grant funds next year—Mr. Trump can still prevent some waste."
Still not tired of winning.
** Reuters ([link removed])
(4/01/25) reports: "The U.S. exported a record amount of liquefied natural gas (LNG) in March, selling more than 9 million metric tons (MT) of the superchilled gas, according to preliminary data from LSEG. Plaquemines on Tuesday was pulling 2.136 billion cubic feet (bcf) of gas, a new record for the plant, just over three months after producing first LNG, according to LSEG. The plant is producing at 140% of its design capacity, according to a note to customers from investment banker Tudor Pickering Holt & Co on Tuesday, and exported 0.82 MT, or 9%, of total U.S. exports last month, LSEG data showed. Europe again soaked up most of the U.S. exports, with 6.47 MT, or 70%, heading to the continent, LSEG data showed, below the 6.82 MT, or 82% of total exports, that went to Europe in February."
Energy Markets
WTI Crude Oil: ↓ $60.33
Natural Gas: ↓ $3.90
Gasoline: ↓ $3.25
Diesel: ↓ $3.62
Heating Oil: ↓ $205.64
Brent Crude Oil: ↓ $63.97
** US Rig Count ([link removed])
: ↑ 624
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect on Facebook ([link removed])
** Connect on Facebook ([link removed])
** Follow on X ([link removed])
** Follow on X ([link removed])
** Subscribe on YouTube ([link removed])
** Subscribe on YouTube ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 525 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
