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DAILY ENERGY NEWS  | 09/15/2025
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Does Governor Gavin actually think he can paper over the mess he created with some band-aid legislation? 


Politico (9/14/25) reports: "Gov. Gavin Newsom used California’s legislative session to take a big step toward neutralizing a growing problem across his state and one of his biggest political liabilities: high energy costs. Lawmakers on Saturday sent a package of bills to his desk that they hope will stabilize spiraling electricity bills and gas prices, which despite several past efforts to bring them down are still among the highest in the nation. It remains to be seen whether the new energy legislation, which Newsom must sign into law, will stem the rise in California’s gas prices and electricity rates, let alone lower them. But the package — including measures to encourage oil drilling, connect California’s electric grid to its neighbors and extend the state’s trading program for greenhouse gases — represents a major U-turn for a governor who as recently as last year was aggressively bashing oil companies and asking lawmakers to boost his authority to penalize them for high prices."
Pat Benatar - Little Too Late

"An energy portfolio based on wind, solar, and storage would provide the same power and capacity needs for less than half the price of a new natural gas plant." 

 

– Morgan Pinnell, Managing Director, Advanced Energy United

As if people needed another reason to dislike the IRS.


Investor's Business Daily (8/25/25) reports: "The U.S. $7,500 EV tax credit still expires after Sept. 30, but the IRS is giving potential buyers a little more time to acquire electric vehicles from Tesla (TSLA), General Motors (GM), Ford Motor (F) and others. The $7,500 tax credit applies to any qualified EV acquired by Sept. 30. But, in new IRS guidance released on Thursday, "acquired" means having a written binding contact with at least a nominal down payment. Buyers will receive the actual tax credit when they take possession of the vehicle. When Trump signed his budget into law on July 4, buyers were initially required to take possession of the EV by Sept. 30 to receive the tax credit. That meant that the effective deadline for the tax credit could be days or even weeks earlier, if automakers needed to ship specific vehicles to the buyer across the country. The new guidance gives Tesla at least a couple more weeks to rack up U.S. sales before the tax credit expires, with some of the deliveries spilling over to the fourth quarter. After that, U.S. EV demand is expected to tumble."

Not of this will be a problem because EVs are the future, right? 


KTLA5 (9/9/25) reports: "Bad news for electric vehicle owners in California. The California DMV is reminding drivers that federal regulations authorizing Clean Air Vehicle decals, which allowed qualifying cars to use carpool lanes with a single occupant or pay reduced toll rates in some areas, will expire on Sept. 30. Starting Oct. 1, vehicles with the decals must follow posted occupancy requirements in high-occupancy vehicle lanes or risk a citation. The decals were valid for up to four years, but the federal government’s decision to end the program means all decals will become invalid on Oct. 1, regardless of when they were issued."

Europe is becoming a perfect example of "if they wanted to, they would."


Fox News (9/13/25) reports: "President Donald Trump has called on NATO allies to stop buying Russian oil and back sweeping new sanctions and tariffs on Moscow and Beijing, arguing the measures would help quickly end Russia’s years-long war with Ukraine. In a Truth Social post Saturday morning, Trump said he had written to all nations of the world that he is ready to impose "major sanctions" on Russia and new tariffs on China, but only when all NATO nations agree and begin taking the same steps. 'As you know, NATO’s commitment to win has been far less than 100%, and the purchase of Russian oil, by some, has been shocking!' Trump wrote. Since 2023, NATO member Turkey has ranked as the third-largest buyer of Russian oil — behind only China and India — according to the Centre for Research on Energy and Clean Air. Other NATO members still purchasing Russian oil include Hungary and Slovakia. Trump called on NATO to impose 50% to 100% tariffs on China, to be lifted once the Russia-Ukraine war ends."

Energy Markets

 
WTI Crude Oil: ↓ $63.33
Natural Gas: ↓ $2.97
Gasoline: ↓ $3.17
Diesel: ↓ $3.68
Heating Oil: ↑ $233.06
Brent Crude Oil: ↑ $67.52
US Rig Count: ↑ 594

 
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