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DAILY ENERGY NEWS | 04/17/2025
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** It's past time for Line 5 to see the finish line.
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Bloomberg ([link removed]) (4/16/25) reports: "The Trump administration is fast-tracking a permit needed by Enbridge Inc. to build a disputed pipeline tunnel under the Straits of Mackinac in northern Michigan. The U.S. Army Corps of Engineers said in a public notice that it would expedite a permit for the project following an executive order by the president declaring a national energy emergency. It comes as pipelines have been exceedingly difficult to build in the US because of a slow federal permitting process and opposition from environmentalists. The pipeline has been operating since the 1950s, transporting up to 540,000 daily barrels of crude and natural gas liquids across Lake Michigan and Lake Huron en route to refineries in the US Midwest, Ontario and Quebec... Proponents of the project, including the Institute for Energy Research and the Mackinac Center for Public
Policy, have urged Defense Secretary Pete Hegseth to support approving it on national security grounds, arguing in a February letter that the environmental review for the tunnel had been going on for nearly four years. The Sierra Club criticized the decision to expedite the tunnel permit in a statement Wednesday, saying President Donald Trump’s national energy emergency is a 'sham' and that the pipeline poses an existential threat to the Great Lakes."
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"New York’s 2010 hydraulic fracturing ban has made residents in southern New York $11,000 poorer per person—$27,000 per household—than had fracking been permitted."
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– Alexander Frei and Diana Furchtgott-Roth, The Heritage Foundation ([link removed])

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Secretary Jenny is cashing in again.

** Axios ([link removed])
(4/15/25) reports: "Jennifer Granholm has a message for global energy companies: Now's the time to invest in the U.S. As Energy secretary, Granholm — who just joined DGA Group as a senior counselor — oversaw the dramatic expansion of DOE programs that the Trump administration is targeting for sweeping cuts and office closures. But President Trump's broader energy-dominance agenda can still flourish as long as the IRA's energy tax credits are kept largely intact, Granholm told Axios. What she's saying: 'What I am telling people is that, if these tax credits for manufacturing in the United States stay, and the 10% tariff stays, there is not a better time to locate in the United States if you are looking to do a big [capital expenditure] project,' Granholm said...Federal incentives spurred hundreds of U.S. factories to announce plans to build or expand, she said — but many still haven't had ribbon-cuttings. That means the Trump administration should want to preserve the tax credits because it
'can take credit for all of those,' she said. The big picture: Her new counseling role harks back to her job as secretary. It sent her crisscrossing the country to cheer the agency's funding as a win for economic development and jobs."

What would Abe do?

** RealClearEnergy ([link removed])
(4/15/25) op-ed: "The global economy has been jolted by a new round of Trump tariffs. The U.S. has proposed a flat 10% import tariff, along with an additional 'reciprocal tariff' pegged to bilateral trade imbalances. For Japan, this would result in an effective cumulative tariff of 34%. While implementation of the reciprocal tariff has been delayed for 90 days, the underlying tensions remain unresolved. Japan now finds itself in a critical window of negotiation...Rather than funneling resources into sectors dominated by China, Japan should reallocate this investment into fossil fuel infrastructure such as natural gas power, in coordination with American energy companies. Such a shift would strengthen bilateral ties and serve the broader strategic interests of both nations. Washington has repeatedly signaled its interest in increased Japanese investment—especially in U.S. energy development. Japan, with limited natural resources of its own, stands to gain by taking equity stakes in American
fossil fuel projects, including oil, gas, and even coal...Instead of spending 3% of GDP annually on green technologies sourced from China, Japan should co-invest with the United States in expanding fossil fuel production and infrastructure both at home and across the Indo-Pacific. American energy producers would thrive, Japanese manufacturers would regain momentum, and a stronger, more secure alliance would emerge. "

In spite of everything New York has put Trump through, he's still committed to saving them from themselves.

** Free Beacon ([link removed])
(4/16/25) reports: "The Trump administration is halting construction of a massive offshore wind project being built in federal waters off the coast of New York and ordering a sprawling review of existing offshore wind permits, the Washington Free Beacon has learned. Interior Secretary Doug Burgum directed the Bureau of Ocean Energy Management on Wednesday to order foreign energy developer Equinor to cease all construction activities on its Empire Wind project, according to a memorandum obtained by the Free Beacon. Burgum said the Biden administration green-lit permits for the project and ultimately approved it without conducting proper analysis...The memorandum Wednesday is a significant victory for the fishing industry, wildlife advocates, and local grassroots groups that have vociferously opposed offshore wind development. Critics argue the planned industrialization of American oceans will devastate marine-based industries, harm wildlife like whales, interfere with military operations,
and disrupt scenic beach views that are critical for tourism revenue in coastal communities."

Energy Markets


WTI Crude Oil: ↑ $63.36
Natural Gas: ↓ $3.23
Gasoline: ↓ $3.16

Diesel: ↓ $3.58
Heating Oil: ↑ $213.28
Brent Crude Oil: ↑ $66.67
** US Rig Count ([link removed])
: ↓ 637



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