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DAILY ENERGY NEWS | 07/25/2025
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** Hulk Hogan and steel: two American icons.
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Politico ([link removed]) (7/23/25) reports: "A year ago, the Rust Belt hometown of Vice President JD Vance represented a new era of climate-friendly steelmaking, set on that course by the clean energy policies of the Biden administration. Now, six months into President Donald Trump’s second term, the Cleveland-Cliffs steel plant in Middletown, Ohio, looks very much like its past, doubling down on coal and relying on steel tariffs to help turn a profit...On Monday, Cleveland-Cliffs CEO Lourenco Goncalves declared the experiment over. Instead, he told investors on an earnings call that he was now working with the Department of Energy to 'enhance Middletown using beautiful coal, beautiful coke,' echoing Trump’s claims about one of the nation’s most-polluting fuels. 'It’s clear by now that we will not have availability of hydrogen, so there is no point in pursuing something that we know for sure
that’s not going to happen,' Goncalves said. 'We informed the DOE that we would not be pursuing that project.'"
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"Most of the reliability problems we face in the coming years are the result of the unwise and unnecessary subtraction of reliable coal plants from the grid while replacing them with intermittent wind and solar generators that do not provide the same reliability attributes."
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– Isaac Orr and Mitch Rolling, Energy Bad Boys ([link removed])
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Not exactly a bargain.
** National Review ([link removed])
(7/24/25) reports: "Fewer than 400 electric vehicle chargers were built with $7.5 billion in federal infrastructure funding, which comes out to more than $19 million per charger, a non-partisan watchdog agency found. Through April 2025, the states, working with outside contractors, have built 384 charging ports at 68 stations nationwide, according to a new Government Accountability Office report released earlier this week. Funding for the construction of the chargers was drawn from the $7.5 billion allocated to the National Electric Vehicle Infrastructure Formula Program (NEVI) and Charging and Fueling Infrastructure Discretionary Grant Program (CFI)."
So true, Mr. President.
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The war on wind welfare is a global affair.
** The Guardian ([link removed])
(7/24/25) reports: "Donald Trump’s bitter dislike of renewable energy first erupted publicly 14 years ago in a seemingly trivial spat over wind turbines visible from his Scottish golf course. As Trump returns to Scotland this week, though, he is using the US presidency to squash clean power, with major ramifications for the climate crisis and America’s place in the world. Trump will visit his Turnberry and Aberdeenshire golf courses during the Scottish trip, the latter venue being the stage of a lengthy battle by the president to halt 11 nearby offshore wind turbines...'The president was clear about ending what he called the green new scam,' said Tom Pyle, president of the free market American Energy Alliance. 'There is a place for wind and solar but they don’t need all of this lavishness foisted upon them.' This approach is 'utterly insane and destructive.' according to Elon Musk, formerly Trump’s adviser and favorite billionaire."
Energy Markets
WTI Crude Oil: ↓ $65.53
Natural Gas: ↑ $3.12
Gasoline: ↓ $3.16
Diesel: ↓ $3.64
Heating Oil: ↓ $241.69
Brent Crude Oil: ↓ $68.79
** US Rig Count ([link removed])
: ↓ 571
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