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DAILY ENERGY NEWS | 07/14/2025
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** Always a good day to cut the red tape.
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Washington Examiner ([link removed]) (7/13/25) opinion: "The Environmental Protection Agency’s recent announcement that it is repealing its carbon rule is an important step in preserving our nation’s access to reliable and affordable electricity. People are paying more for electricity this year, and those higher prices may soon be coupled with less reliable service. New data from the Labor Department finds that electricity prices jumped 4.5% in just the past year, with further spikes expected this summer. Meanwhile, in some parts of the country, consumers began their summer coping with rolling blackouts brought on by surging demand for power. One of the drivers of these disruptions in the electricity market has been the EPA’s regulatory overreach under the Biden administration. This has been the case with its carbon rule, which would have shut down the nation’s fleet
of coal power plants despite warnings from the North American Electric Reliability Corporation that more than half of the United States is at risk for electricity shortages over the next five years."
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** "We don’t want wind, and we don’t want solar because they’re a blight on our country. They hurt our country very badly, and smart countries don’t use it."
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– President Donald Trump ([link removed])
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American Energy Dominance Era has a nice ring to it.
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Don't worry Europe, America has all the energy you need.
** Reuters ([link removed])
(7/13/25) reports: "European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting. The sources said all the elements of the package had been agreed, although one member state still has a technical reservation on the new cap. The Group of Seven (G7) price cap, aimed at curbing Russia's ability to finance the war in Ukraine, was originally agreed in December 2022. The European Union and Britain have been pushing the G7 to lower the cap for the last two months after a fall in oil futures made the current $60 a barrel level largely irrelevant. The cap bans trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibits shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap."
Look out China, America is back.
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Energy Markets
WTI Crude Oil: ↑ $68.63
Natural Gas: ↑ $3.44
Gasoline: ↓ $3.15
Diesel: ↓ $3.70
Heating Oil: ↑ $243.69
Brent Crude Oil: ↓ $70.58
** US Rig Count ([link removed])
: ↑ 587
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