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DAILY ENERGY NEWS  | 06/24/2025
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Senator Murkowski got it right the first time on the Green New Scam. Now it's time for the great people of Alaska to remind her.


Must Read Alaska (6/23/25) op-ed: "President Trump’s “energy dominance” agenda was on display in Alaska recently when his top energy officials – Energy Secretary Chris Wright, Interior Secretary Doug Burgum, and EPA Administrator Lee Zeldin – spent a week touring and learning more about the state’s critical role and potential in our country’s energy dominance agenda. They underscored the President’s push to expand energy development and production and stood ready to make Alaska front and center. We currently have an administration that, more than any in history, wants to see Alaska succeed. Are you listening, Senator Murkowski? When the Senate passed the deceptively named Inflation Reduction Act (IRA) in 2022, Senator Murkowski made the right call – she voted no, declaring it was riddled with 'new taxes that will burden the American people and American business for years to come.' She even went so far as to say, 'There is no doubt in my mind, based on both substance and process, that the Senate should not have passed it.' Now, less than three years later, Senator Murkowski is openly working to salvage the very subsidies and tax credits she once so publicly, and correctly, opposed...Senator Murkowski was right in 2022. She should stay the course by working to repeal the IRA’s clean energy credits in the Big Beautiful Bill. It would be good for her state, her constituency, and the country."

"It makes perfect sense that the climate movement, outspent and outpowered as it is, might occasionally be caught off guard and need a minute to catch up to the industry's, or the government's, sudden shifts in gear. What makes a lot less sense is why the climate movement still doesn't seem to have its counter-narratives and counter-messaging ready for these shifts." 

 

– Amy Westervelt, Drilled News

Hopefully the ceasefire holds, but America does also have plenty of oil for everyone.


13 WIBW (6/23/25) reports: "The influence of attacks exchanged between the U.S., Israel and Iran is reaching beyond the political sphere as oil and gas markets are showing some reaction to the growing conflict. At its narrowest point, the Strait of Hormuz is roughly 21 miles across, bordering Oman to the south and Iran to the north. 'And through that narrow passage right by their country, over 20 percent of the world’s oil flows every day,' says Brian Posler, executive director of True Fuel. Iran’s parliament renewed serious conversations last week about shutting the strait down, raising new concerns as the U.S. and Iran exchange attacks. Domestic energy production in the U.S. could buffer any hikes, having exceeded consumption every year since 2019, according to the Federal Energy Information Administration. 'And we’ve improved distribution networks, so the pipelines are better, so all those reasons then help us be a net exporter rather than an importer,' Posler adds. Kansas’s own regulations will likely dampen any impact, according to Posler."

All the more reason to increase production.


Oil Price (6/24/25) article: "U.S. wholesale electricity prices are rising fast amid forecasts for summer heat that will drive demand higher, especially in the East. Prices in Boston topped $400 per MWh at one point on Tuesday, Reuters reported, up from $50 per MWh earlier in the day. According to grid operator PJM Interconnection, which is the largest in the country, expected demand to hit 160 GW on Monday, declining to 158 GW on Tuesday and further to 155 GW on Wednesday as the heat retreats. Most of that surge in demand has been met with natural gas generation, and the trend is set to continue. U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom drives demand for electricity."

Truth-in-advertising is quite the concept.

On Common Sense.


Real Clear Energy (6/23/25) reports: "In a long-overdue return to energy realism, the U.S. Environmental Protection Agency under Administrator Lee Zeldin has proposed repealing two of the most damaging regulatory regimes ever imposed on the coal-fired power sector: the Obama-Biden greenhouse gas rules and the 2024 amendments to the Mercury and Air Toxics Standards (MATS). EPA’s updated analysis affirms what energy experts have long argued: CCS is not adequately demonstrated, not economically viable, and not deployable on a national scale in the timeline required. The infrastructure needed for widespread CCS deployment simply does not exist, and would take decades to build at prohibitive cost. EPA estimates that its proposed repeal will save the power sector $19 billion over the next two decades—money that can now be invested in upgrading existing infrastructure, maintaining grid reliability, and protecting ratepayers from skyrocketing electricity bills."

Energy Markets

 
WTI Crude Oil: ↓ $65.16
Natural Gas: ↓ $3.61
Gasoline: ↑ $3.22
Diesel: ↑ $3.70
Heating Oil: ↓ $226.03
Brent Crude Oil: ↓ $68.13
US Rig Count: ↓ 580

 

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