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DAILY ENERGY NEWS | 05/09/2025
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** American exceptionalism must be actively defended, lest we join Europe in energy poverty.
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Stand Together ([link removed]) (5/8/25) blog: "Electricity prices are rising, reliability is wavering, and the system built for the past is struggling to meet the demands of the future. For decades, stable demand and heavy regulation kept the energy industry predictable — but that’s changing fast. A surge in energy-intensive industries, from artificial intelligence to advanced manufacturing, is putting unprecedented pressure on the power grid. We spoke with Travis Fisher, director of energy and environmental policy at Cato Institute, about the forces driving this shift. He explains how decades of stagnation in electricity demand led utilities to prioritize financial stability over expansion — and why the sudden spike in consumption is now colliding with regulatory red tape...'Consider Germany. They have essentially deindustrialized themselves for no good reason. In a very top-down fashion, they have made a forced
transition away from reliable energy and towards unreliable. That’s even the case independent of greenhouse gas concerns — they’ve shut down their nuclear fleet, which has practically no emissions. They’d basically taken everything that works, that’s stable, that’s low cost in terms of reliable, 24/7 energy, and they’ve turned it on its head. Because of this, their rates for electricity are something like three times what we pay in the U.S. No energy-intensive industry can survive in that business environment. So, what we've seen is an industrial flight from Germany. It's happening in Great Britain. It's happening across the European Union, and to be candid, some of that's coming here.'"
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** "American-made energy has become an effective strategic tool to enhance national security, limit geopolitical uncertainty, reduce global emissions, and keep prices low and stable at home. Despite these clear benefits, U.S. liquified natural gas (LNG) faced significant political and policy headwinds under the last administration. The Trump administration recently ended the LNG export approval pause, and now is the time to advance LNG projects and promote U.S. LNG around the world."
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– Anne Bradbury, American Exploration & Production Council ([link removed])
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Nothing short of a full repeal.
** Washington Times ([link removed])
(5/8/25) op-ed: "During his campaign, President Trump pitched a vision to win over working-class Americans and seniors that included a potent mix of tax cuts and ironclad protections for Social Security. He promised to extend the 2017 tax cuts and wipe out taxes on tips, overtime pay and Social Security benefits. Mr. Trump promised there would be no cuts to those benefits or increases in the retirement age, and he had a plan to shore up the program through economic growth and the elimination of fraud. It resonated with voters feeling squeezed by inflation and uncertainty. Now it’s time for Congress to deliver on those promises...The Inflation Reduction Act, a misnomer if ever there was one, is a prime target. Passed with zero Republican votes in Congress, the act was sold as a climate fix, pumping massive subsidies into green energy. Yet those handouts, favoring costly wind and solar generation and electric vehicles, are poised to jack up energy prices for everyday Americans. The results so
far? Scandals, not solutions, with costs growing far beyond initial projections. Current estimates peg the cost at $936 billion to $1.97 trillion over a decade, potentially soaring to $4.67 trillion by 2050...Zeroing out the Inflation Reduction Act is the best way to deliver on reconciliation without leaving taxpayers to pick up the tab."
Are rolling blackouts closer than you think?
** ([link removed])
Getting so much better all the time.
** EIA ([link removed])
(5/7/25) reports: "We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies. Using data from FracFocus to estimate simultaneous completions, we defined wells that were drilled within a 50-foot radius to be at a single location. FracFocus reports the well completion date for each of these wells, and we calculated the average number of completions per month. By grouping the wells together by location, we derived the number of wells completed on the same day at the same location across the Lower 48
states. Simultaneous completions allow operators to reduce the time from post-drilling to production, lower overall completion costs per well, and increase operational efficiency through shared resources and equipment."
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Energy Markets
WTI Crude Oil: ↑ $61.11
Natural Gas: ↑ $3.70
Gasoline: ↓ $3.14
Diesel: ↓ $3.98
Heating Oil: ↑ $207.74
Brent Crude Oil: ↑ $64.01
** US Rig Count ([link removed])
: ↓ 603
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