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DAILY ENERGY NEWS | 06/23/2025
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** With that other bombing going on, you'd be forgiven if you missed President Trump dropping this truth-bomb over the weekend.
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** Reinforcements ([link removed]) are on the way.
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** "We urge you to call on your Republican colleagues in Congress, particularly in the Senate, to repeal all of the IRA’s energy tax credits immediately—not rely on slow and uncertain phase-outs that history shows are unlikely to succeed."
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– AEA-led coalition letter to President Trump ([link removed])
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Bombs aren't the only things falling. Tom and Mike review renewable stocks and the steam behind the climate alarmist movement on the latest episode of The Unregulated Podcast. Now ** streaming on our website ([link removed])
, or wherever you listen.
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Green energy tends to do more harm than good.
** Center of the American Experiment ([link removed])
(6/16/25) blog: "This report describes the significant environmental drawbacks of wind, solar, and battery storage and compares them to the environmental impacts of other sources of electricity generation. Mining, manufacturing, and land use have tangible impacts on the environment and the surrounding communities. Federal and state governments are mandating ever-stricter requirements for wind and solar electricity generation — but an honest accounting of their advantages and disadvantages should remind policymakers that there is no such thing as a free lunch. Ambitious energy transition goals may no longer seem as desirable when the environmental costs of wind, solar, and battery storage are factored in."
Couldn't agree more.
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All the more reason to keep unleashing American energy.
** Fox News ([link removed])
(6/20/25) reports: "The demand for AI is growing faster than the energy grid can adapt. In the U.S., data center electricity use is expected to surpass 600 TWh by 2030, tripling current levels. Meeting that demand requires the equivalent of adding 14 large power plants to the grid. Large AI data centers can each require 100–500 megawatts (MW), and the largest facilities may soon exceed 1 gigawatt (GW), which is about as much as a nuclear power plant or a small U.S. state. One 1 GW data center could consume more power than the entire city of San Francisco. Multiply that by a few dozen campuses across the country, and you start to see how quickly this demand adds up. To keep up, utilities across the country are delaying coal plant retirements, expanding natural gas infrastructure and shelving clean energy projects."
Energy Markets
WTI Crude Oil: ↑ $74.06
Natural Gas: ↓ $3.78
Gasoline: ↑ $3.22
Diesel: ↑ $3.67
Heating Oil: ↑ $254.66
Brent Crude Oil: ↑ $77.28
** US Rig Count ([link removed])
: ↓ 580
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