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DAILY ENERGY NEWS | 09/02/2025
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** What does the fight for energy freedom look like in Europe? Find out on the latest episode of The Unregulated Podcast. Now streaming on our website ([link removed]) , or wherever you listen to podcasts.
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"Whether you help feed, fuel, defend, or build America, thank you!"
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– Doug Burgum, Secretary of the Interior ([link removed])

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Shot...

** Bloomberg ([link removed])
(8/31/25) reports: "Mitsubishi Heavy Industries Ltd. aims to double its gas turbine capacity in the next two years as demand for the equipment rises globally due to replacement and data center needs. The Japanese manufacturer is seeing orders multiply due in part to turbines installed decades ago nearing the end of life, Chief Executive Officer Eisaku Ito said in an interview on Friday. 'We were working toward boosting production capacity by 30%, but that’s not enough to meet growing demand,' Ito said. 'Fulfilling those orders is our top priority.' Mitsubishi Heavy’s shares rose as much as 2.5% after Bloomberg News reported the firm’s plans to boost capacity. It was among the top contributors to gains on Japan’s Topix Index on Monday morning. The decision comes at a time when demand for gas turbines has increased globally, due to the proliferation of data centers, new manufacturing and continued electrification. Natural gas is seen as a stable alternative to wind and solar power, one that’s
also cleaner than burning coal, and more readily available than nuclear energy. Other manufacturers, like GE Vernova Inc., are also seeing an increase in orders for turbines."

Chaser...

** Reuters ([link removed])
(8/27/25) reports: "Mitsubishi Corp (8058.T), opens new tab will withdraw from three Japanese offshore wind power projects because of soaring costs, it said on Wednesday, dealing a blow to Japan's energy security goals and efforts to reduce its dependence on imported fuel. A Mitsubishi-led consortia won the first state auctions for the three wind farms in Chiba and Akita prefectures in 2021. The farms had projected capacity of 1.76 gigawatts and were set to start operations around 2028 to 2030. Mitsubishi Chief Executive Katsuya Nakanishi on Wednesday said cost increases had far exceeded projections, including construction prices more than doubling since the 2021 bidding phase. 'We thoroughly examined every possible measure, but compared to our bidding assumptions, costs more than doubled, making even investment recovery impossible,' he told a briefing."

An energy secretary who understands the fundamentals of energy. How novel.

** ([link removed])

When it is all said and done, killing Government Motors will be one of President Trump's single greatest achievements. Thank you for your attention to this matter!

** Axios ([link removed])
(8/15/25) reports: "Second-quarter EV sales fell 6.3% compared to April-June of 2024, and the road ahead looks jarring with the loss of consumer purchase subsidies looming, per new Cox Automotive data. Why it matters: While sales set a record in 2024, and the first half of 2025 narrowly did, too, the upward march was getting less consistent even before the GOP's new budget law nixed incentives. Catch up quick: Tax incentives up to $7,500 for buying new EVs will end on Sept. 30 under the giant GOP budget bill that President Trump signed earlier this month.It quickly ends smaller subsidies for used EVs and credits for commercial EVs. Leasing incentives are also ending. What's next: Cox analyst Stephanie Valdez Streaty, in a statement alongside the data, predicts a 'rush ahead of the federal incentive phase-out, offering a short-term boost in an otherwise uncertain landscape.' 'Q3 will likely be a record, followed by a collapse in Q4, as the electric vehicle market adjusts to its new reality,'
she said. State of play: The picture varies by automaker. GM sold over 78,000 EVs in the first half of 2025, more than twice the same stretch last year. Meanwhile, 'Tesla's sales fell by more than 12% year over year in Q2, following a decline of nearly 9% in Q1,' Cox notes. What we're watching: The loss of credits isn't the only budget law provision that could affect EV sales."

Energy Markets


WTI Crude Oil: ↑ $64.88
Natural Gas: ↑ $2.92
Gasoline: ↓ $3.18

Diesel: ↓ $3.69
Heating Oil: ↑ $232.90
Brent Crude Oil: ↑ $68.38
** US Rig Count ([link removed])
: ↑ 583



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