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DAILY ENERGY NEWS  | 08/22/2025
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I mean, who doesn't love an electric school bus?


Free Beacon (8/22/25) reports: "The Biden administration awarded Canadian electric bus maker Lion Electric $159 million to manufacture 435 school buses between 2022 and 2024, making it the third-largest recipient of such funding. The company has since fallen into bankruptcy, failed to deliver hundreds of the buses it promised, and warned school districts that its dire financial straits prevent it from servicing those in circulation. As a result, many of those districts are turning back to diesel. The Washington Free Beacon reported earlier this year that Lion, then nearing bankruptcy, had yet to deliver $95 million worth of the electric buses it pledged to produce as part of the Biden administration's $5 billion Clean School Bus program. Since then, Lion was sold for just $6 million during bankruptcy proceedings after being valued at $4.7 billion as recently as June 2021. The company also permanently shuttered multiple manufacturing plants, fired the majority of its employees, and told consumers that it could no longer honor warranties and purchase orders in the United States."

"The ESG investing mania has subsided, but advocates for sound investing markets and energy policy have plenty of work left to do." 

 

– James R. Copland,
The Manhattan Institute

200 ways in 200 days...


Gellar Report (8/21/25) reports: "The American Energy Alliance has been tracking the actions that roll back Biden-era restriction and positive moves that serve for the renewal of energy exploration and development: On his first day back at the White House, Trump signed dozens of executive orders, including his order 'Unleashing American Energy.' The AEA started a new list that tallied up the actions that Trump and Congressional Republicans were taking to unleash America’s energy potential. The first edition, released in March, contained 50 actions. Last week, they updated the list for Trump’s first 200 days in action, and the newest list contains 200 items…A recent analysis by the Energy Policy Research Foundation found that the first Trump administration averaged 1244 onshore oil and gas leases per year in the lower 48 states, but the Biden administration issued only 219 on average per year. Under the second Trump administration, the Bureau of Land Management began issuing leases on public lands by Jan. 31."

It's going to take a lot to fix the mistakes of Low-Energy Biden, but Team Trump is working fast.


Principia Scientific (8/22/25) reports: "President Donald Trump had campaigned on promises to undo many of the Biden administration’s climate policies. He called ‘climate change’ a 'hoax' (though scam would be a better, and more accurate, word – Ed), vowed to stop offshore wind projects, and promised to overturn former President Biden’s electric vehicle mandates. Immediately after being sworn into office, Trump went about making good on these campaign promises and more. In 2022, the American Energy Alliance began keeping a tally of all the actions Biden and the Democrats had taken to make it harder to produce oil and gas...Only two years into Biden’s term, the AEA had 125 items on its list. By the time Biden left office, the list had doubled in size...Last week, they updated the list for Trump’s first 200 days in office, and the newest list contains 200 items...Trump also terminated Biden’s pause on liquified natural gas export permits, and the following month, the Department of Energy approved the first since Biden’s freeze. Several more have been issued since."

Perhaps it's time we all thank our new friends the tech bros for reminding everyone that modern society needs dependable energy.


MIT Technology Review (8/20/25) article: "The thousands of sprawling acres in rural northeast Louisiana had gone unwanted for nearly two decades. Louisiana authorities bought the land in Richland Parish in 2006 to promote economic development in one of the poorest regions in the state...So it’s no wonder that state and local politicians were exuberant when Meta showed up. In December, the company announced plans to build a massive $10 billion data center for training its artificial-intelligence models at the site, with operations to begin in 2028...The AI data center also promises to transform the state’s energy future. Stretching in length for more than a mile, it will be Meta’s largest in the world, and it will have an enormous appetite for electricity, requiring two gigawatts for computation alone (the electricity for cooling and other building needs will add to that). When it’s up and running, it will be the equivalent of suddenly adding a decent-size city to the region’s grid—one that never sleeps and needs a steady, uninterrupted flow of electricity. To power the data center, Entergy aims to spend $3.2 billion to build three large natural-gas power plants with a total capacity of 2.3 gigawatts and upgrade the grid to accommodate the huge jump in anticipated demand. In its filing to the state’s power regulatory agency, Entergy acknowledged that natural-gas plants 'emit significant amounts of CO2' but said the energy source was the only affordable choice given the need to quickly meet the 24-7 electricity demand from the huge data center."

Energy Markets

 
WTI Crude Oil: ↑ $65.35
Natural Gas: ↓ $2.77
Gasoline: ↑ $3.14
Diesel: ↓ $3.68
Heating Oil: ↓ $230.30
Brent Crude Oil: ↑ $67.72
US Rig Count: ↓ 564

 
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