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DAILY ENERGY NEWS | 06/25/2025
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** IER's Kenny Stein makes the case for full IRA repeal.
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** "To secure America’s future, we must build energy systems that can power the AI-driven economy. That means investment, workforce mobilization and serious permitting reform. Because no matter how advanced our AI models become, they’ll only be as effective as the energy systems behind them."
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– D ([link removed]) r. Ann Bluntzer, Hamm Institute for American Energy ([link removed])
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Freedom to produce.
** Washington Times ([link removed])
(6/24/25) reports: "As of June 18, the Interior Department had approved 2,990 permits on federal and Indian lands, compared with 2,071 for President Biden in 2021, according to government data shared with The Washington Times. That works out to roughly 600 permits monthly, a pace that hasn’t been reached in nearly two decades, as the department worked to fulfill Mr. Trump’s mandate to 'drill, baby, drill.' Energy advocates said the Trump team is trying to reverse years of Biden inaction and get more oil and gas development in the pipeline. 'These permitting figures underscore a shift in this administration’s energy strategy — from the Biden administration’s approach, which used a range of tools to constrain oil and gas production, to one that allows producers greater freedom and flexibility to make production decisions based on market conditions,' said Thomas Pyle, president of the Institute for Energy Research."
Natural gas infrastructure could have prevented this.
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When are we going to reach peak supply of ridiculous predictions from the IEA?
** OilPrice.com ([link removed])
(6/19/25) op-ed: "The world’s biggest international oil and gas companies have started to acknowledge that demand growth could slow or stop within a decade. But these firms keep pumping oil and gas more than they did earlier this decade as they expect that oil demand – regardless of a peak – isn’t going anywhere... Unlike the International Energy Agency (IEA), which has just doubled down on its forecast of peak oil demand by the end of this decade, Big Oil companies don’t see any peak by 2030. Some have put a peak at some point in the 2030s, but all say that oil and gas will remain essential for global economic growth and development in 2050. 'Under any credible scenario, oil and natural gas remain essential,' ExxonMobil says in its latest Global Outlook to 2050."
Energy Markets
WTI Crude Oil: ↑ $64.81
Natural Gas: ↓ $3.54
Gasoline: ↑ $3.23
Diesel: ↑ $3.72
Heating Oil: ↑ $229.87
Brent Crude Oil: ↑ $67.61
** US Rig Count ([link removed])
: ↓ 580
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