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DAILY ENERGY NEWS  | 08/18/2025
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Perhaps the USPS should focus on delivering the mail on time and not spending billions on unnecessary EVs.


Associated Press (8/17/25) reports: "A year after being lauded for its plan to replace thousands of aging, gas-powered mail trucks with a mostly electric fleet, the U.S. Postal Service is facing congressional attempts to strip billions in federal EV funding. In June, the Senate parliamentarian blocked a Republican proposal in a major tax-and-spending bill to sell off the agency’s new electric vehicles and infrastructure and revoke remaining federal money. Many GOP lawmakers share President Donald Trump’s criticism of the Biden-era green energy push and say the Postal Service should stick to delivering mail. Sen. Joni Ernst, R-Iowa, said 'it didn’t make sense for the Postal Service to invest so heavily in an all-electric force.' She said she will pursue legislation to rescind what is left of the $3 billion from the Inflation Reduction Act allocated to help cover the $10 billion cost of new postal vehicles. Ernst has called the EV initiative a 'boondoggle' and 'a textbook example of waste,' citing delays, high costs and concerns over cold-weather performance."

"Thanks to @POTUS, consumer choice and the free market are back! We are letting private businesses make the decisions of where they want to invest to boost the American energy industry. No longer will the government choke American innovation to appease climate fanatics." 

 

– Energy Secretary Chris Wright

It was never about the science, just hysteria.
Sky News Australia - US report aims to 'set the record straight' on climate alarmism.

Sorry Rivian, the days of EV preferential treatment are over.


Wall Street Journal (8/14/25) reports: "Electric truck maker Rivian says the rollback of fuel economy rules in the U.S. is holding up $100 million of revenue, a sign of how changes to automotive policy under the Trump administration are starting to hurt the electric-vehicle industry. Rivian and its rivals have generated hundreds of millions of dollars in revenue selling credits tied to the nation’s fuel economy rules. But after the Trump administration removed penalties for violating those standards, the nation’s top automotive regulator stopped issuing paperwork necessary to finalize those credits, leaving EV makers in the lurch. Credit trading is a common practice used by governments to get industries to comply with environmental regulations, according to financial analysts and environmental organizations. Carmakers whose vehicles exceed gas-mileage rules can generate credits and sell those to competitors who are in violation of the rules, helping offset any fines they may face. For Rivian, regulatory credits made up 6.5% of its total revenue in the first half of the year. The company said it doesn’t anticipate any additional credit revenue for the rest of 2025. Over the years, Rivian has received more than $400 million in revenue from credits, according to earnings reports."

Loophole: closed.


New York Times (8/15/25) reports: "The Internal Revenue Service on Friday issued new rules that would restrict the ability of wind and solar companies to claim federal tax breaks, a move that could hinder a number of renewable energy projects under development. President Trump’s giant domestic policy bill, which was signed into law on July 4, was already set to rapidly phase out lucrative tax credits for new wind and solar farms unless they began construction in the next 12 months. The new I.R.S. guidance would add further hurdles by tightening longstanding rules for what counts as the 'beginning of construction,' which will make it harder for some projects to qualify. The removal of federal subsidies means that the amounts of new wind energy and solar energy added in the United States over the next five years are expected to be 50 percent lower and 23 percent lower than previously projected, according to BloombergNEF. While many renewable energy projects will remain competitive without subsidies, the group found, some will no longer be economically viable."

Energy Markets

 
WTI Crude Oil: ↓ $63.07
Natural Gas: ↓ $2.84
Gasoline: ↓ $3.13
Diesel: ↓ $3.69
Heating Oil: ↓ $221.32
Brent Crude Oil: ↓ $66.06
US Rig Count: ↑ 572

 
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