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DAILY ENERGY NEWS | 07/21/2025
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** Wind and solar are a threat to security, not an added bonus.
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Wall Street Journal ([link removed]) (7/20/25) opinion: "Democrats are attacking the GOP’s budget bill for phasing out subsidies for wind and solar power, claiming this will cause power shortages and higher electric rates. The evidence suggests the opposite, as a new Energy Department study illustrates. As we’ve been writing for years, the reliability of the U.S. electrical grid is in trouble. The Energy report projects potential power shortfalls in 2030, as 104 gigawatts of baseload power retire in the next five years. But here’s the really bad news: That shortfalls will exist even if that production is replaced, as expected, with 209 gigawatts of the mostly solar and wind generation under development. The claim that tax credits reduce electric rates is contradicted by experience. Wind and solar must be backed by peaker gas plants or batteries, which both cost more than three times as much as baseload
power. Renewables also cause price spikes when there are power shortages, and they require more transmission investments to balance fluctuations in loads and frequencies."
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** "AI has never been more important for American energy. From drilling optimization to predictive maintenance, the energy revolution is happening now thanks to this cutting-edge technology and @POTUS’ Energy Dominance agenda."
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– Interior Secretary Burgum ([link removed])
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The real inconvenient truth is that renewables don't deliver as promised.
** The Hill ([link removed])
(7/18/25) opinion: "The radical Left and the Biden administration treated climate policy not as an energy or environmental strategy, but as a political religion — one funded by the American taxpayer to the tune of more than $1 trillion. President Trump is right to shut off the “green” subsidy spigot, and recent polling shows that Americans are supportive. The Orwellian-named “Inflation Reduction Act” set aside $393 billion in green energy subsidies, funding everything from electric vehicle rebates to wind and solar tax credits. That may sound good in a press release, but it hasn’t delivered for hard-working Americans. Wind and solar have failed the grid time and time again, and they completely abandoned Texans just when power was needed most during Winter Storm Uri. They have also contributed to electricity prices rising 28 percent from 2020 to 2024."
Tech and energy, the unlikely duo that is fueling the future of American growth.
** Pittsburg Post Gazette ([link removed])
(7/20/25) reports: "The president, Republican Sen. Dave McCormick and tech and energy industry leaders announced $92 billion in private investment in the state during a summit at Carnegie Mellon University on Tuesday. The proposals attached to the staggering figure are largely centered around energy infrastructure, power generation, and building an ecosystem primed to help the state and country dominate the world in technology and artificial intelligence. Business leaders, academics and political observers of both major parties described the Pittsburgh event as a success. Pennsylvania’s Republican lawmakers are fully on board with boosting energy and AI. But U.S. Rep. Summer Lee, D-Swissvale, and Pittsburgh Mayor Ed Gainey were among the progressives protesting the summit, largely because of its links to Trump’s agenda of slashing funds for environmental justice, university research, health care and more."
A free market approach would do wonders for you, Mexico.
** Mexico Daily News ([link removed])
(7/16/25) reports: "Mexico’s imports of natural gas from the United States continue to rise year over year, increasing by 2.7% over the first four months of 2025 to a record high of 6.261 billion cubic feet per day, according to U.S. Energy Information Administration figures. At the same time, gas production by the highly indebted state-owned Petróleos Mexicanos (Pemex) decreased 6.3% year-on-year to 3.534 billion cubic feet per day (Bcf/d) from January to May 2025, marking a second year of decline. Mexico is the main buyer of U.S. natural gas and U.S. exports of natural gas to Mexico have risen every year since 2011, except in 2022. Mexico uses gas to produce around 60% of its electricity, so its heavy dependence on U.S. gas has left experts worried that Trump may weaponize gas exports to put greater pressure on Mexican President Claudia Sheinbaum."
Energy Markets
WTI Crude Oil: ↓ $67.06
Natural Gas: ↓ $3.38
Gasoline: ↓ $3.14
Diesel: ↓ $3.72
Heating Oil: ↓ $246.64
Brent Crude Oil: ↓ $68.89
** US Rig Count ([link removed])
: ↑ 584
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