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DAILY ENERGY NEWS | 06/18/2025
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** NY and Vermont tax energy companies to cover their budget shortfalls. You pay. Nothing "super" about that...
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Just the News ([link removed]) (6/17/25) reports: "Last year, Vermont and New York passed 'climate superfund' laws, which have levied billions in fines against oil companies for producing legal products over the past few decades. The money extracted from these companies would then go to ameliorate what supporters of these laws say are the damages caused by climate change. Their solution includes billions of dollars in infrastructure projects, disaster relief and renewable energy projects, among other things. Lawmakers in several other blue states are considering such legislation. Critics of these laws say that they’re going to drive up energy costs and discourage much-needed investment in energy infrastructure. And that’s true, they say, whether the laws withstand legal challenges or not. 'We see anti-energy activists who, increasingly frustrated with the progress being made in
Washington, have sort of turned to state houses and the courts to advance their agenda,' Tom Pyle, president of the American Energy Alliance, said during a webinar Tuesday on the superfund laws, hosted by the Institute for Energy Research and C3 Solutions... Pyle said, besides increasing costs of energy, which impacts all businesses, the laws could create a patchwork of 'energy liability regimes,' undermining U.S. energy security. 'They don't pay for these things. We do. We pay for it in the form of higher gas prices, higher energy prices,' Pyle said."
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** "There is no energy transition so much as energy addition, as new technologies evolve and add to the mix. We now have more oil than when we first discovered uses for it despite the billions of barrels consumed, as techniques of exploration and development continuously improve."
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– T ([link removed]) ilak Doshi, Substack ([link removed])
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A transparent explanation for the root cause of the Spanish blackout...🤣🤣🤣
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Dana Nessel's power grab.
** Energy In Depth ([link removed])
(6/18/25) reports: "In a move that should raise eyebrows across Michigan’s energy and business sectors, Attorney General Dana Nessel is throwing her full weight behind a legislative proposal that would dramatically expand her office’s reach under the Michigan Consumer Protection Act (MCPA). Senate Bill 134 would amend the state’s consumer protection statute and hand Nessel broader authority to sue licensed, regulated businesses – like energy, transportation, pharmaceuticals, and manufacturing – even if they’re already overseen by state or federal agencies. Nessel claims it’s about 'consumer protection,' but make no mistake: this is about consolidating power and sidestepping regulatory safeguards that exist for good reason... At the heart of the bill is a reversal of a decades-long precedent limiting the AG’s ability to use the state’s consumer protection statute against industries with their own regulatory agencies. SB 134 would erase those protections, opening the door to duplicative
enforcement, politicized investigations, and legal fishing expeditions. Business groups have come out strongly in opposition to the bill. The Michigan Chamber of Commerce warned the bill is brewing a “legal storm” that would open the floodgates to lawsuits against virtually every regulated business in the state – from doctors and banks to utilities and auto dealers. General Motors, one of Michigan’s largest employers, argued the bill is unjustified and duplicative as businesses are already heavily regulated and overseen by state and federal agencies. And the Michigan chapter of the National Federation of Independent Business (NFIB) said it plainly: 'Given the regulation and oversight that already exist, those benefiting most from SB 134 are trial lawyers, not consumers.'"
The midterm primaries might be a good time for some of these pro-IRA members to meet the Bobs.
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Energy Markets
WTI Crude Oil: ↑ $75.31
Natural Gas: ↑ $3.90
Gasoline: ↑ $3.19
Diesel: ↑ $3.60
Heating Oil: ↑ $252.70
Brent Crude Oil: ↑ $76.80
** US Rig Count ([link removed])
: ↓ 575
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