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DAILY ENERGY NEWS | 07/18/2025
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** No matter how you dress it up, a tax on energy is a tax on life.
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National Interest ([link removed]) (7/17/25) op-ed: "Climate change is widely recognized as a significant global challenge. The prevailing narrative posits that market activity, through the production of negative externalities such as pollution and environmental degradation, is a primary driver of ecological harm. Consequently, many advocate for government intervention—most notably in the form of carbon taxes—as a necessary tool to mitigate climate risks. However, such policy responses often rest on oversimplified assumptions regarding both the nature of the problem and the efficacy of proposed solutions. Implicit in this framing is the assumption that governments not only possess the capability but also the political will to effectively correct market failures related to carbon emissions. This assumption merits critical scrutiny...From an economic perspective, carbon taxes can impose substantial and
often underestimated costs. Administrative expenses for enforcement and compliance can run into the billions of dollars. Contrary to claims that carbon taxes would streamline existing regulations, historical precedent suggests they are typically layered atop existing environmental rules, compounding bureaucratic complexity and nullifying most efficiency claims. These taxes also function as barriers to entry, disproportionately affecting small firms and reducing market dynamism Additionally, because of their regressive nature, carbon taxes tend to burden low-income households more heavily—ironically, the same populations climate advocates often identify as the most vulnerable to environmental harm."
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** "Are you really standing on your own in the market when you’re being propped up by taxpayers to the tune of hundreds of billions of dollars? I don’t think so."
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– Olivia Murray, American Thinker ([link removed])
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The grid's green nightmare is coming to an end.
** Washington Post ([link removed])
(7/17/25) reports: "The Interior Department said Thursday that it would add additional layers of review for wind and solar energy projects, following President Donald Trump’s executive order aimed at ending any 'preferential treatment' for renewable energy. The new requirement threatens to trip up the approval process as wind and solar projects race to begin construction by a deadline next July to qualify for tax credits, which have been gutted by Trump’s signature One Big Beautiful Bill that Congress approved this month. The department’s policies apply to projects on federal lands and waters, but generally not to those on private property...Republican deficit hawks in the House Freedom Caucus agreed to vote for the One Big Beautiful Bill after the White House assured them it would take further action to strictly enforce rules on qualifying for credits, potentially cutting back the number of projects receiving subsidies. That could save hundreds of millions of dollars in tax breaks the
government otherwise might hand out, according to Thomas Pyle, president of the Institute for Energy Research, a conservative think tank."
King coal isn't going anywhere.
** Mining Weekly ([link removed])
(7/17/25) reports: "China's coal output in the first six months of the year rose 5% on the year, data from the statistics bureau showed on Tuesday, as authorities focus on ensuring sufficient supply of the fuel as buyers switch to cheaper domestic coal over imports. First-half output in 2025 stood at 2.4-billion tons, while production for the month of June rose 3% on the year to 421-million tons. The higher output has led to oversupply as China looks to substitute domestic production for imports...Industry body the China Coal Transportation and Distribution Association expects coal output to rise by 70 million to 80 million tons this year, thanks to the cutbacks on imports, an official told the Coaltrans China conference last month."
Things are heating up in Alaska.
** Anchorage Daily News ([link removed])
(7/17/25) reports: "ConocoPhillips plans to hunt for more oil this winter in the National Petroleum Reserve-Alaska where it’s already developing the giant Willow field, according to a statement from the company. The company said it’s asking the Bureau of Land Management to approve the exploration plan, which includes four wells and seismic exploration during the winter when temporary ice roads are built to protect the tundra...ConocoPhillips’ plan for seismic exploration would hunt for deposits of oil and gas across 300 square miles, updating a 1980s-era study with modern data to provide more details on underground formations, according to Bloomberg, which initially reported the winter plans. The exploration program, if approved by the Bureau of Land Management, would employ upwards of 900 workers, Boys said. The plans mark a shift back to aggressive exploration in the reserve for ConocoPhillips."
Energy Markets
WTI Crude Oil: ↑ $68.46
Natural Gas: ↑ $3.60
Gasoline: ↓ $3.15
Diesel: ↓ $3.72
Heating Oil: ↑ $254.05
Brent Crude Oil: ↑ $70.34
** US Rig Count ([link removed])
: ↑ 577
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