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DAILY ENERGY NEWS | 07/23/2025
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** Big Green Inc. is on their hustle.
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Zero Hedge ([link removed]) (7/22/25) reports: "Investigative journalist Sue Pascoe of Circling The News dropped a bombshell: $100 million raised during the celebrity-packed FireAid benefit concert may have disappeared. The money was initially intended to support homeless residents of Pacific Palisades after a devastating wildfire destroyed thousands of homes. Instead, Pascoe reports the funds were funneled through a complex web of NGOs - potentially diverted toward unrelated causes. 'So I looked at the initially they gave $50 million to about 120 nonprofits. And I looked at these nonprofits and one of them said, we help mobile home parks. And there are two mobile home parks in the Palisades. And so I contacted the people there. They had never received any money. They had never heard of that,' Pascoe told Fox 11 Los Angeles during the interview. Public records indicate that
FireAid appears to be a pop-up NGO, created solely to assist the thousands of Pacific Palisades residents left homeless after the wildfire destroyed their community."
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** "Permitting reform is the key pillar of an energy dominance agenda. It could be the deciding factor on whether America solidifies its position as the world’s energy superpower and leads the AI era – or whether we fall behind China and miss a historic opportunity. Pennsylvania has already played a pivotal role in America’s energy renaissance. It helped elect leaders committed to developing our resources. Now, if we stay focused and continue building, the same state that powered the shale revolution can anchor a new era of American energy leadership – and reap the benefits for decades to come."
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– M ([link removed]) ike Sommers, American Petroleum Institute ([link removed])
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Deadweight loss.
** E&E News ([link removed])
(7/23/25) reports: "Renewable energy lobbyists dumped millions of dollars over the past few months in a frenzied push to save green energy priorities. In the end, they didn’t get much bang for their buck. As Republicans ramped up their efforts to roll back tax credits, the top renewable energy advocacy organization in the country, the American Clean Power Association, spent a record $3.8 million lobbying federal officials for the second quarter that ended in June. That’s more than six times as much that they spent a year ago in the same time period, new disclosures show. The GOP ended up slashing the incentives anyway in the One Big Beautiful Bill Act, the tax and spending budget reconciliation bill."
President Trump has done more for Alaska than most of their elected officials.
** Fox News ([link removed])
(7/22/25) reports: "Alaska Natives and state leaders lauded a landmark move by the Trump administration to transfer 28,000 acres of land in the Arctic to a consortium of Natives after the Biden administration balked at state officials’ wishes to develop the so-called Ambler Mining Road and claimed they instead were protecting the locals. By refusing to allow the haul-road to be built between Coldfoot – a remote outpost on the 'Ice Road Trucker' Dalton Highway between Deadhorse and Fairbanks – and the isolated community of Ambler about 220 miles westward, mining and other development was mooted by the feds despite both Juneau's and the Natives' wishes. Alaska Republican Gov. Mike Dunleavy, a vocal proponent of responsible development of the Last Frontier’s energy potential, praised President Donald Trump and Interior Secretary Doug Burgum after the land transfer was announced."
The ECB believes part of its mandate is to be climate cops.
** National Review ([link removed])
(7/22/25) op-ed: "A central bank should stick, ideally, to preserving the value of the currency for which it is responsible and to supporting the integrity of the financial system over which it presides. What it should not be is a climate cop. Over to Europe, and to the European Central Bank (ECB), the Frankenstein bank responsible for a Dracula currency (the euro, in case there were any doubt about that)... Should a commercial bank be expected to 'manage' climate risks, other, of course, than ensuring that its loan portfolio can withstand the vagaries of the weather and a changing climate, as well of course as lawfare or regulatory malice by climate enforcers? No... BloombergNEF can say what it wants, but the job of a bank is to align portfolios with shareholder return, not with 'no more than 1.5C of global warming,' a target that is both unachievable (certainly by the EU’s 2050 target) and irrelevant to shareholder requirements."
Energy Markets
WTI Crude Oil: ↓ $65.01
Natural Gas: ↓ $3.18
Gasoline: ↑ $3.16
Diesel: ↑ $3.74
Heating Oil: ↓ $243.98
Brent Crude Oil: ↓ $68.29
** US Rig Count ([link removed])
: ↓ 575
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