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DAILY ENERGY NEWS | 06/30/2025
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** A Secretary of Energy who understands energy. How refreshing...
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New York Post ([link removed]) (6/27/25) opinion: "As secretary of energy — and someone who’s devoted his life to advancing energy innovation to better human lives — I, too, know how these Green New Deal subsidies are fleecing Americans. Wind and solar subsidies have been particularly wasteful and counterproductive. When Americans most needed dependable power to heat their homes and businesses to stay alive, solar and wind were non-factors. Our homes, hospitals and businesses only continued to operate because there was enough reliable, baseload energy from natural gas, coal and nuclear available to meet demand. And the more we load our grid with intermittent generation, the worse the grid performs during times of maximum stress and demand. Subsidies are meant to drive prices down and boost supply. But subsidizing wind and solar has done exactly the opposite. These
sources force grid operators to maintain two separate systems — one for legacy power and another for renewable sources. When wind and solar come online, legacy resources must be scaled back. But it’s difficult to store electricity from wind and solar. So when wind and solar aren’t available at times of peak demand, reliable baseload sources must scale up. Bottom line: higher costs. Indeed, wind and solar subsidies not only cost taxpayers but also force providers to add more dispatchable resources to the grid, at their expense."
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Gain Commercial - 2017 (USA)
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** "The latest version of the Senate's BBB is a death sentence for US energy leadership and a giant gift to China. It eliminates tax cuts for solar that have been around since 2005, adds a new tax on solar after 2027, and creates a new direct subsidy for coal."
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– Zeke Hausfather, The Breakthrough Institute ([link removed])

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The numbers don't lie.

** ([link removed])

Surely Governor Hochul can be trusted to follow through this time...

** Wall Street Journal ([link removed])
(6/30/25) reports: "President Trump wants the U.S. power industry to go nuclear. His recent executive orders aim to quadruple nuclear-power generation in the next 25 years—a monumental target. For most of the past three decades, the industry has been managing ever-older assets instead of building new reactors. Developers are counting on a supply-chain revival and will have to prove they can deliver on time and on budget to drive interest in the sector. New York hopes to get the ball rolling. Gov. Kathy Hochul unveiled plans last week to build a large nuclear-power facility. The project could be sizable enough to help jump-start domestic construction and test Trump’s promise to expedite permitting."

Does the New York Times think relying on a country that doesn't really like you is a good thing?

** New York Times ([link removed])
(6/29/25) reports: "Senate Republicans have quietly inserted provisions in President Trump’s domestic policy bill that would not only end federal support for wind and solar energy but would impose an entirely new tax on future projects, a move that industry groups say could devastate the renewable power industry. The bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027. Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind. But the latest version of the Senate bill would go much further. It would impose a steep penalty on all new wind and solar farms that come online after 2027 — even if they didn’t receive federal subsidies — unless they follow complicated and potentially unworkable requirements to disentangle their supply chains from China. Since China dominates global supply chains,
that measure could affect a large number of companies."

Energy Markets


WTI Crude Oil: ↓ $65.24
Natural Gas: ↓ $3.51
Gasoline: ↓ $3.18

Diesel: ↓ $3.69
Heating Oil: ↑ $233.32
Brent Crude Oil: ↓ $67.62
** US Rig Count ([link removed])
: ↑ 580



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