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DAILY ENERGY NEWS | 08/25/2025
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** Jason Grumet, of all people, is upset about this "unfair treatment" by DOI.
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Wall Street Journal ([link removed]) (8/25/25) reports: "Orsted shares slumped after the U.S. government issued a stop-work order on a key offshore wind project off the Rhode Island coast, the latest setback for the Danish energy group amid President Trump’s opposition to wind power. The Interior Department’s Bureau of Ocean Energy Management on Friday ordered Orsted to stop all activities on the Revolution Wind project, a joint venture with Global Infrastructure Partners’ Skyborn Renewables. Construction began last year and the project is now 80% complete, with 45 out of the 65 turbines installed. The bureau said it needed time to address concerns arising from a review commissioned by the Trump administration, which suspended new federal wind leases shortly after the president’s inauguration. Trump opposes wind as an energy source. The stop-work order
disappointed investors, with Orsted shares down 16% in European afternoon trading. The stock is down more than 53% over the past 12 months."
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** "This is not the first time extreme partisan politics has derailed sound energy policy. The unfortunate message to investors is clear: the U.S. is no longer a reliable place for long-term energy investments."
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– ACP CEO Jason Grumet ([link removed])
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Hey Taiwan, time to give America a call about energy security.
** Fox News ([link removed])
(8/23/25) reports: "Voters in Taiwan are headed to the polls Saturday to decide whether Taipei should reignite its nuclear power capabilities as the island faces immense energy vulnerabilities amid growing concern over threats posed by China. 'Taiwan's energy dependence is an Achilles heel,' Craig Singleton, China Program senior director and senior fellow with the Foundation for Defense of Democracies (FDD), said during a media call following a delegation’s visit to the island earlier this month. 'Beijing can exploit this issue without firing a single shot," he added, noting the ease with which China can cut off trade to the island. "China can leverage its maritime dominance, its legal warfare and cyber tools to choke supply and test Taiwan's political resilience.' Over the last decade, Taiwan has imported up to 97% of its energy needs, largely through fossil fuel options, which make up a little over 90% of its energy usage, while renewables reportedly make up another 7%, according to FDD
experts."
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When Harry Met Sally - Call Me.
Pretty sure a few people saw this coming.
** ([link removed])
Windmills, waste and warnings: The energy collapse you didn't see coming
Couldn't agree more, Mr. Secretary.
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Energy Markets
WTI Crude Oil: ↓ $64.72
Natural Gas: ↓ $2.72
Gasoline: ↓ $3.16
Diesel: ↓ $3.68
Heating Oil: ↑ $234.44
Brent Crude Oil: ↑ $68.71
** US Rig Count ([link removed])
: ↑ 582
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