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DAILY ENERGY NEWS | 05/14/2025
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** But let's make it beautiful.
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Just the News ([link removed]) (5/14/25) reports: "The House Energy and Commerce Committee released its section of the Republicans' budget reconciliation bill Sunday evening. The legislation, which was marked up on Tuesday, includes provisions to scrap $6.5 billion in funding from parts of the Inflation Reduction Act (IRA) that funds climate-related issues. The text sets the stage for what could be a fight between Republicans who want to keep IRA subsidies and those who want a full repeal of them... Alex Stevens, communications director for the Institute for Energy Research, told Just the News that the House, in order to pass a bill in line with Trump’s interest in scaling back government spending, will have to choose between entitlement programs, such as Medicaid, and the lavish subsidies granted climate programs in the IRA. For Republicans, Stevens said, the choice should be obvious.
'Politically, it seems like the IRA would be a much more favorable option. A lot of these people campaigned on this,' Stevens said... The IRA provided extensive tax credits for a variety of climate projects — everything from wind farms to hydrogen... The Institute for Energy Research argues that a phase down of the green energy subsidies would only give them a foothold for those who want to preserve them. 'History shows there is no such thing as a 'phase down' of these policies because they will inevitably be resurrected. If the goal is to protect taxpayers from never-ending subsidies and protect the electric grid from the destabilizing influence of the Production Tax Credit (PTC) and Investment Tax Credit (ITC), these tax credits need to be ended now,' the IER argued. Stevens, who co-authored the paper, said in an interview that 'when push comes to shove, if people hold firm to their commitments to cut spending, the IRA is going to be at the top of the list of things that they're going to
need to look at.'”
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** "America's energy policy should be about keeping the lights on and costs low—not lining the pockets of special interests."
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– S ([link removed]) enator Mike Lee (R-UT) ([link removed])
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It never occurs to these people that unlike them, not everyone lives off of federal subsidies.
** Ross Macfarlane ([link removed])
(5/13/25) on Bluesky:
** ([link removed])
BS in the Bayou State.
** RealClearEnergy ([link removed])
(5/13/25) op-ed: "In an April verdict, a jury in Louisiana's 25th Judicial District ruled Chevron must pay the government of Plaquemines Parish $745 million in recompense for environmental damage relating to oil and natural gas activities conducted by Texaco before Chevron acquired it in 2001. The Plaquemines case is the first in a flood of litigation that threatens to swamp the industry in a state critical to the national energy agenda. Since 2010, Louisiana’s liquefied natural gas (LNG) industry has boomed; energy now provides about 10 percent of jobs in the state and generates about 20 percent of its gross product. Louisiana ranks second only to Texas in energy exports by dollar value and it serves as the main launching pad for the LNG exports that are liberating American allies in Europe and Asia from dependence on hostile regimes... Utilitarian river management decisions and natural vulnerability are what ail Plaquemines and other coastal parishes. Governor Landry and his trial lawyer
allies are wringing dry the state’s standout sector on false environmental pretenses. The Plaquemines Parish verdict and the dozens of looming cases behind it jeopardize the American energy renaissance by levying spurious, retroactive penalties on the very companies driving national growth. Disguised as environmental justice, this opportunistic grab by political insiders undermines both Louisiana’s energy sector and genuine climate resilience."
Climate activists have a new scheme to disrupt civilization.
** RealClearEnergy ([link removed])
(5/13/25) op-ed: "Recently, the Trump Administration filed lawsuits seeking to halt efforts by some states to impose liability on fossil fuel companies for their past greenhouse gas emissions. It will likely take some years for these lawsuits to be resolved. What is already clear are the serious and senseless economic consequences that will follow if states are allowed to punish fossil fuel companies for their lawful past production. States are meting out such punishment in two ways. The first is through common law tort suits. Some of these suits allege that past greenhouse gas emissions from oil and gas production constitute a public nuisance. In others, states allege that fossil fuel companies lied to consumers about the potentially harmful consequences of such emissions. The second way that states are trying to punish fossil fuel companies is through what are called 'Climate Superfund' laws. Such laws, already enacted by New York and Vermont and on the road to passage in states such as
Maryland and California, hold fossil fuel companies jointly liable for the supposed costs of past greenhouse gas emissions. Were a large number of states to enact laws similar to those enacted in New York and Vermont, fossil fuel companies could be facing trillions of dollars in liability for past production. These laws impose a new form of liability, one previously virtually unknown in the law, liability for cumulative past emissions."
Energy Markets
WTI Crude Oil: ↓ $62.99
Natural Gas: ↓ $3.57
Gasoline: ↑ $3.18
Diesel: ↑ $3.54
Heating Oil: ↓ $216.35
Brent Crude Oil: ↓ $65.97
** US Rig Count ([link removed])
: ↓ 602
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