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DAILY ENERGY NEWS  | 08/26/2025
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Freedom molecules and freedom molecule accessories are a key ingredient for global peace.


Oil Price (8/26/25) reports: "Senior U.S. and Russian officials discussed bilateral energy deals on the sidelines of the talks on reaching a peace agreement in Ukraine earlier in August, sources with knowledge of the negotiations told Reuters on Tuesday.  According to some of these sources, the potential energy agreements between the U.S. and Russia were proposed as an incentive for Putin to agree to a peace in Ukraine and a path forward for the United States to ease sanctions on Moscow. The potential deals were discussed during the visit of U.S. envoy Steve Witkoff to Moscow in early August, when he met with Vladimir Putin ahead of the Trump-Putin meeting in Alaska on August 15.  The potential deals that were discussed, including briefly at the Alaska summit, included ExxonMobil returning to the Sakhalin-1 oil and gas development project, which the U.S. supermajor quit after the Russian invasion of Ukraine, the anonymous sources told Reuters. The U.S. and Russian officials also discussed Russia potentially buying U.S. equipment for its LNG projects, including the heavily sanctioned Arctic LNG 2 project that’s struggling to take off and find buyers. "

"It’s ironic that the 650 acres of the Phillips Refinery in Wilmington, CA, that will be closing at the end of 2025, will be replaced with retail and warehouses all built and supported with the products made by refined crude oil, from other refineries that are not in MY backyard." 

 

– Ronald Stein P.E.,
Heartland Institute

Sacramento bureaucrats working overtime to make life worse for Californians.

Cal Matters (8/20/25) reports: "California regulators, responding to the Trump Administration’s attacks on the state’s climate policy, propose to fight back in part by asking lawmakers to backfill electric vehicle incentives, recommending more private investment, and beginning to write clean car rules — again...Several state agencies jointly made the recommendations in response to Gov. Gavin Newsom’s June executive order calling for California to double down on efforts to transition away from fossil fuels. Proposals unveiled Tuesday also include replacing expiring federal EV tax credits — a tough ask in a tight budget year—and restoring carpool lane access, which would require federal approval. One recommendation seeks to expand vehicle charging access by streamlining utility hookups and simplifying permits for new stations. The air board is advancing just a few regulatory ideas: one to enact stronger consumer protections for clean car owners, and another to curb diesel pollution from freight hubs such as ports and warehouses. Randolph also said the board would begin work on a new clean cars rule."

Refreshing to have a DOE interested in empowering American energy potential for a change.

If people really believed the climate hysterics the coast would be ghost town.


Axios (8/26/25) reports: "The U.S. Gulf Coast is facing billions of dollars in yearly property damage by 2050 due to extreme weather tied to climate change, per a new analysis. Why it matters: Even as Gulf states are still reckoning with the aftermath of 2005's Hurricane Katrina two decades later, more pain and loss seems inevitable. Driving the news: Damage from extreme weather will cost $32 billion annually across Texas, Louisiana, Mississippi, Alabama and Florida by 2050 in a 'middle of the road' climate change scenario, per a new Urban Institute analysis using FEMA data. That's more than double the projected $15 billion when ignoring climate change.
How it works: The Urban Institute's analysis is based on FEMA's Future Risk Index, which estimated future costs associated with coastal flooding, extreme heat, wildfires, hurricanes and drought. FEMA published the tool last December. It's since been taken down amid the Trump administration's purge of publicly accessible federal data and info about climate change. The financial figures are based on 2024 dollars. Zoom in: Dense, populous counties may see the biggest overall annual costs, like Harris County, Texas (about $2.6 billion by 2050) and Broward County, Florida ($2 billion)."

Energy Markets

 
WTI Crude Oil: ↓ $63.81
Natural Gas: ↓ $2.68
Gasoline: ↑ $3.18
Diesel: ↑ $3.70
Heating Oil: ↓ $231.57
Brent Crude Oil: ↓ $67.86
US Rig Count: ↓ 573

 
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