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DAILY ENERGY NEWS | 05/13/2025
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** Keep the cuts coming.
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Reuters ([link removed]) (5/12/25) reports: "The U.S. Department of Energy on Monday proposed to eliminate or change more than 40 regulations and programs to align them with President Donald Trump's efforts to relax federal rules and gut diversity initiatives. The moves will save U.S. taxpayers $11 billion, the agency said in a statement, calling it the first step in its largest-ever deregulatory effort. Many of the rule changes seek to promote Trump's energy dominance agenda, which seeks to boost production and use of domestic fossil fuels. One rule change allows electronic submissions of applications for natural gas imports and exports, and another simplifies the permit process for transmitting electric energy abroad. They also target federal energy conservation programs by removing water and energy efficiency standards for faucets, commercial ice makers, microwave
ovens, clothes washers and other appliances. They also remove products including portable air conditioners, fans and blowers from coverage under the Energy Policy and Conservation Act, which directs DOE to set efficiency standards for certain consumer goods."
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** "Thanks to President Trump’s leadership, we are bringing back common sense — slashing regulations meant to appease Green New Deal fantasies, restrict consumer choice and increase costs for the American people. Promises made, promises kept."
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– Energy Secretary Chris Wright ([link removed])
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We'll pretend to be sad.
** New York Post ([link removed])
(5/12/25) reports: "The energy company behind a partially completed wind farm off Long Island’s coast warned it will scrap the project 'within days' if it’s kept in limbo by the Trump administration. Norwegian-based Equinor said it’s losing a whopping $50 million a week since Trump’s Department of the Interior halted construction on the controversial project that is expected to deliver energy to 500,000 homes in New York City, its leaders told The Post. The loss of the Empire Wind project would be a blow to New York state’s green energy push. The 54-turbine wind farm, 15 miles off the Long Island coast, is opposed by Long Island beach communities, commercial fishermen and Republican allies of President Trump — including Nassau County Executive Bruce Blakeman. Trump’s Secretary of the Interior Doug Burgum stepped in last month to pull the plug on the project, claiming its approval was 'rushed through' by the lame duck Biden administration in its final days."
"Green" energy isn't reliable - hopefully the world will learn it's lesson.
** RealClearEnergy ([link removed])
(5/12/25) article: "Most European nations have adopted a significant level of renewable energy on their way to their utopian climate goals. Germany has created a complete mess of its energy production by relying so heavily on renewables—over 50% as of 2024. Prices there have skyrocketed, but the failing reliability of their energy production has caused its economy to falter. Spain and Portugal, along with Germany and the U.K. before them, offer a clear warning of things to come if the world continues to expand renewable energy production. Recent failures of renewable energy don't just reveal inconvenience. No amount of government subsidies will make these technologies competitive with existing power generation. Large national grids cannot just simply flip a switch and recover from a drop in production. Power sources like petroleum, natural gas, coal, nuclear, and even biomass provide continual, reliable, uninterrupted power generation that won't blink out when the wind doesn't blow or the
sun doesn't shine."
Mine, baby, mine.
** ([link removed])
Energy Markets
WTI Crude Oil: ↑ $62.70
Natural Gas: ↓ $3.65
Gasoline: ↑ $3.15
Diesel: ↑ $3.52
Heating Oil: ↓ $212.59
Brent Crude Oil: ↓ $65.65
** US Rig Count ([link removed])
: ↓ 602
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