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DAILY ENERGY NEWS  | 08/11/2025
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Sonia Aggarwal is looking into electricity prices.


Washington Free Beacon (8/11/25) reports: "Recent reports in NPR, CBS News, and CNBC have cited a study from 'nonpartisan' research firm Energy Innovation to argue that President Donald Trump's repeal of green energy subsidies will cause energy prices to spike. Those reports did not mention the firm's CEO and cofounder: Sonia Aggarwal, a former Biden climate adviser who helped write those very subsidies into law. Energy Innovation's study, which also generated coverage in CNN and the Chicago Tribune, argues that Trump's One Big Beautiful Bill will lead to higher energy prices for U.S. households by phasing out green energy subsidies and slowing electric vehicle purchases. It's the latest in a long line of studies from the firm, which is known to produce research warning of the downsides to oil and gas while extolling the benefits of green energy alternatives."

"The media distorts science. This is why I assembled a team of experts, known for their rigor, honesty & willingness to elevate the science behind the climate debate."

 

– Chris Wright, Secretary of Energy

Reports of coal's death have been exaggerated.


OilPrice.com (7/31/25) op-ed: "Earlier this month, the U.S. Department of the Interior did something that just a couple of years ago would have been unthinkable. It permitted a coal mine in Tennessee. New coal mines are being approved around the world despite calls for a ban on the commodity. And this might yet intensify. Last year saw the slowest growth in global coal mine capacity since 2014, energy transition advocacy Global Energy Monitor reported earlier this week. Total new capacity that opened last year stood at 105 million tons, which was a 46% decline from the previous year. This certainly does not sound like a growth spurt is on the way, but it may well be. Because coal miners and governments are planning a lot more coal capacity additions. Per Global Energy Monitor, there are plans in place for 850 new coal mines globally, including existing mine expansions, extensions, and recommissioning. Capacity under development globally from these projects amounts to 2.27 billion tons annually—and half of it is in China. That would be the same China that is the world leader in wind and solar capacity, and that also happened to consume 56% of the world’s coal in 2024. The same China that, together with India and the rest of Asia, drove global coal demand to a record high in the same year."

Dismissed with prejudice. 


Energy In Depth (8/8/25) reports: "A South Carolina judge has dismissed Charleston’s climate lawsuit, delivering a decisive setback to the climate litigation campaign.  Via a ruling on Wednesday, Judge Roger Young dismissed the case with prejudice – meaning Charleston cannot refile the claims – dealing a substantial blow for law firm Sher Edling and the Rockefeller-backed climate litigation campaign. This ruling follows a growing trend of similar dismissals in New York, Pennsylvania, New Jersey and Maryland, reinforcing the principle that climate policy is a national and global issue, not something individual states or cities can reshape using state law."

Back to Profit.


AFP (8/5/25) reports: "British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices. Profit after tax came in at $1.63 billion in the April-June period, compared with a net loss of $129 million in the second quarter of 2024, BP said in an earnings statement... BP already announced plans this year to cut cleaner energy investment by more than $5 billion annually and offload assets worth a total of $20 billion by 2027. It recently agreed to sell its onshore wind energy business in the United States, while Shell has also scaled back its climate objectives."

Energy Markets

 
WTI Crude Oil: ↑ $64.20
Natural Gas: ↓ $2.98
Gasoline: ↓ $3.14
Diesel: ↓ $3.71
Heating Oil: ↑ $227.96
Brent Crude Oil: ↑ $66.95
US Rig Count: ↑ 589

 
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