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DAILY ENERGY NEWS  | 10/02/2025
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Don't let the door hit you on the way out.


The Hill (10/1/25) reports: "About 89 percent of the Environmental Protection Agency’s (EPA’s) workforce was slated to be furloughed as the government shuts down, according to contingency plans that were posted online this week. According to the plan, just 1,734 of the EPA’s 15,166 employees are slated to continue working during the shutdown, which began Wednesday. The plan also gives a window into the degree of staffing losses at the EPA in recent months, as the agency had 17,080 employees at the start of the year. During the furlough period, the agency will no longer carry out most civil inspections related to potential violations of environmental law. It will also no longer conduct most of its research or issue new permits or grants. Some hazardous waste cleanup will be halted if there is no imminent threat to human health and property. The EPA will still continue emergency and disaster assistance, hazardous waste cleanup where there is an “imminent threat to human life” and criminal investigations."

"LCOE must die. If you ever hear anyone favorably compare solar and wind to coal, gas, or nuclear by citing a low LCOE—'Levelized Cost of Energy'—you are being scammed. LCOE explicitly ignores 'reliability-related considerations' and is therefore a garbage metric." 

 

Alex Epstein, Center for Industrial Progress

Something good is brewing in the United Kingdom.


The Guardian (10/2/25) reports: "Kemi Badenoch has vowed to repeal the Climate Change Act if the Conservatives win the next election, doing away with controls on greenhouse gas emissions and dismantling what has been the cornerstone of green and energy policy for successive governments. The Conservative party leader was already committed to scrapping the UK’s net zero target but repeal of the Climate Change Act would go much further. It would remove the need to meet “carbon budgets” – ceilings, set for five-year periods, on the amount of greenhouse gas that can be emitted – and disband the Climate Change Committee, the watchdog that advises on how policies affect the UK’s carbon footprint. Badenoch said: 'Under my leadership we will scrap those failed targets. Our priority now is growth, cheaper energy, and protecting the natural landscapes we all love.'"

Canada is meeting the LNG moment.


OilPrice (10/1/25) reports: "The highly anticipated LNG Canada terminal exported its first cargo of liquefied natural gas (LNG) on 30 June 2025 from its facility in Kitimat, British Columbia, marking the nation’s entry into the exclusive LNG export club. LNG Canada, a joint venture between Shell (40%, lead partner), Petronas (25%), PetroChina (15%), Mitsubishi (15%), and Korea Gas (5%), achieved the milestone six years after it took the final investment decision (FID). Western Canada has seen extremely low gas prices – primarily driven by an oversupply from operators with robust growth plans and choke points moving gas both within the basin and to other markets – as a result of which operators have long awaited the start-up of LNG Canada to increase access and boost prices... With that said, future Canadian LNG prospects look promising. Woodfibre LNG and Cedar FLNG, two projects currently under development, are expected to begin ramping up in 2027 and 2029, respectively, adding an extra 0.7 Bcfd of feedgas demand. Pre-FID LNG capacity has also made regulatory progress recently."

Energy Markets

 
WTI Crude Oil: ↓ $61.21
Natural Gas: ↑ $3.46
Gasoline: ↑ $3.16
Diesel: ↑ $3.70
Heating Oil: ↓ $226.21
Brent Crude Oil: ↓ $64.81
US Rig Count: ↓ 578

 

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