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DAILY ENERGY NEWS  | 06/06/2025
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Release the Alaskan freedom molecules.


Real Clear Energy (6/5/25) op-ed: "President Trump’s ambition to make the United States as energy independent as possible has helped give Alaska the recognition it deserves as one of America’s most strategic assets. A fifth the size of the contiguous United States, America’s 'Last Frontier' boasts an abundance of oil and gas reserves, critical minerals, and an Arctic coastline of ever-growing importance...The development of Alaska’s natural gas should come with the completion of the Alaska LNG Project, not only because of the domestic economic value it will create, but also because of the geopolitical significance it will have for East Asia. Once operational, the 800-mile-long pipeline will bring millions of tonnes of Alaska LNG to the global market per year, which will then make Alaska the closest source to East Asia of American-produced LNG...Leveraging the generally friendly relationships the United States has with the other Arctic nations will add more possibilities for economic cooperation in the region, especially with Alaskan natural resources and the growing demand for LNG in Europe."

"The expansion of industrial solar capacity creates an analogous increase in significant economic and social costs, many of which are hidden or externalized. Further, industrial solar wreaks havoc upon the environment, destroying the very thing its adherents claim they desire to protect" 

 

– Jack McPherrin &
H. Sterling Burnett,
The Heartland Institute

Bold strategy for a company that exists as a result of government favoritism.


Bloomberg (6/5/25) reports: "Tesla Inc.’s shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people. Trump on Thursday said he was 'very disappointed' by the Tesla chief executive officer’s criticism of the president’s signature tax policy bill. Musk fired back in several social media posts, saying in one that 'without me, Trump would have lost the election.'  Tesla’s shares dropped 14% on Thursday in New York, the stock’s biggest decline since March 10. The rout erased about $150 billion from the electric-vehicle maker’s market value. The stock fell another 2.2% as of 4:39 p.m. in postmarket trading...Trump’s massive tax bill would largely eliminate a credit worth as much as $7,500 for buyers of some Tesla models and other electric vehicles by the end of this year, seven years ahead of schedule. That would translate to a roughly $1.2 billion hit to Tesla’s full-year profit, according to JPMorgan analysts."

😂🎯

Speaking of propped-up political industries...


JPT (6/1/25) reports: "The early enthusiasm for carbon capture and storage (CCS) is showing signs of strain as the limits of capital availability and political support become clearer...After analyzing each of the announced projects individually, Rystad’s energy consultancy found that nearly half have been delayed or lack the capital to advance—creating a potential shortfall of around 300 mtpa in anticipated injection capacity. One country that has been pushing forward in a big way is the US, where more than $8 billion in CCS investments have been made this year alone. But whether the momentum holds is an open question, given shifting political winds in Washington, DC. With a Republican-led Congress and new leadership in the White House, the future of the 2022 Inflation Reduction Act (IRA), the primary driver of CCS tax incentives in the US, is under heightened scrutiny. Some advocacy groups, including the Institute for Energy Research, are calling for the full repeal of the IRA. Others are aiming for a more targeted rollback, such as eliminating the tax credit provisions alone."

Energy Markets

 
WTI Crude Oil: ↓ $63.30
Natural Gas: ↑ $3.69
Gasoline: ↑ $3.14
Diesel: ↑ $3.51
Heating Oil: ↓ $208.46
Brent Crude Oil: ↓ $65.32
US Rig Count: ↓ 579

 

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