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DAILY ENERGY NEWS | 07/16/2025
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** Defund the forecasters!
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Bloomberg ([link removed]) (7/15/25) reports: "The U.S. may depart the International Energy Agency without changes to forecasting that Republicans have criticized as unrealistically green, President Donald Trump’s energy chief said. 'We will do one of two things: we will reform the way the IEA operates or we will withdraw,' Energy Secretary Chris Wright said during an interview Tuesday. 'My strong preference is to reform it.' The Paris-based IEA, established in response to the 1970s oil crisis to enhance energy security, stirred controversy in recent years as long-term forecasts began to factor in more active government policies to shift away from fossil fuels. The agency has predicted that global oil demand will plateau this decade as electric-vehicle fleets expand and other measures are adopted to reduce emissions and combat climate change. 'That’s just total nonsense,'
Wright said on the sidelines of the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh. He added he’s been in a dialog with the Fatih Birol, the IEA’s executive director."
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** "Policymakers must recognize the critical intersection of energy and AI competitiveness. Accelerating the expansion and modernization of natural gas infrastructure is needed to keep pace with growing demand. Therefore, streamlined permitting reform is now vital to support American innovation. The stakes are high, and the competition is fierce, but with natural gas fueling our advancement, America is well-equipped to cross the finish line first."
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– ([link removed]) Karen Harbert, American Gas Association ([link removed])

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Live free or die.

** New Hampshire Bulletin ([link removed])
(7/9/25) reports: "New Hampshire’s newly signed state budget will transfer nearly all money from the state’s Renewable Energy Fund to the general fund over the next two years, slashing investment in clean energy projects by roughly 50% from recent spending levels and forcing municipalities, school districts, and small businesses to compete for drastically reduced grant money. The budget, signed by Republican Gov. Kelly Ayotte last month, redirects approximately $15 million in surplus funds and all incoming revenue — typically $3 million to $7 million annually — to the general fund through June 2027. Only $1 million per year will remain available for renewable energy projects, according to the bill’s language."

Rep. Andy Biggs is leading the fight.

** Fox News ([link removed])
(7/15/25) reports: "A group of House conservatives is warning the Senate to leave President Donald Trump's rescissions package intact as the deadline to consider the spending cuts looms large. Republicans have until the end of Friday to deal with the bill, the legislative version of the White House’s request to claw back roughly $9.4 billion in funds already allocated by Congress. Senate Republicans have signaled the bill could change somewhat, however, after passing the House last month. 'In order to facilitate President Trump’s voter mandate, the Senate must pass the entire $9.4 billion of spending cuts in the rescission bill. Weakening any of these provisions would undermine both his leadership and the discipline our budget urgently demands,' the letter said. 'This week, the Senate has a chance to prove its commitment to the voters by passing the long-overdue cuts targeting wasteful, ideologically driven spending programs that have no place in a responsible budget.' The letter is being
led by Rep. Andy Biggs, R-Ariz., a former chairman of the House Freedom Caucus, and signed by 14 other Republican lawmakers."

Controlled burns can reduce the severity of wildfires by 75%. Why don't we do it?

** ([link removed])

Energy Markets


WTI Crude Oil: ↓ $65.68
Natural Gas: ↑ $3.56
Gasoline: ↑ $3.16

Diesel: ↑ $3.73
Heating Oil: ↓ $237.82
Brent Crude Oil: ↓ $67.96
** US Rig Count ([link removed])
: ↓ 575



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