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DAILY ENERGY NEWS | 10/20/2025
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** U.N. drops their carbon tax.
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Wall Street Journal ([link removed]) (10/17/25) editorial: "Congratulations to consumers the world over, who on Friday were spared a new tax—for now at least. This week we warned that a United Nations agency you’ve never heard of was about to impose the first global carbon tax—on shipping. We’re pleased to report it blinked. The International Maritime Organization (IMO), an arm of the U.N. based in London, had intended this week to approve the new tax on carbon-dioxide emissions from cargo ships for purposes of mitigating climate change. It would have been the first global carbon tax, and the first global tax of any kind paid directly to the U.N. Shippers would have had to pay a fee per metric ton of 'excess' carbon-dioxide emissions into an IMO-managed fund, with the money then divvied up to various governments and businesses. The cost inevitably would be
passed onto consumers."
[link removed]


** "Sometimes our messaging in the Democratic Party is not great."
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– R ([link removed]) ep. Mikie Sherrill (D-NJ) ([link removed])

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21 trillion reasons net zero isn't going to happen.

** Bloomberg ([link removed])
(10/17/25) reports: "India will need as much as $21 trillion to achieve its climate goals and lift its population out of poverty, according to a draft government plan seen by Bloomberg. The estimate offers a first glimpse of how the country intends to live up to its target of net zero emissions by 2070. The updated scenario implies hitting peak emissions in 2045, which is a decade earlier than the current trajectory. A senior official with Niti Aayog, the government’s top think tank which drafted the plan, didn’t respond to a request for comment."

Time to end CAFE.

** Washington Post ([link removed])
(10/17/25) reports: "The cost of buying a car is crushing Americans. Not only are higher prices making new-car ownership an out-of-reach luxury for many, but buyers are increasingly rolling old auto debt into their new financing, leaving them upside down before they even leave the dealer’s lot. In September, the average price of a new car reached a high of $50,080, according to a report by Kelley Blue Book. And consumers can expect the prices to continue rising."

Double the freedom molecules.

** EIA ([link removed])
(10/16/25) reports: "Liquefied natural gas (LNG) exporters in the United States have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) between 2025 and 2029, according to our Liquefaction Capacity File and trade press reports. The United States is already the largest exporter in the world with 15.4 Bcf/d of capacity. More broadly, LNG export capacity in North America is on track to increase from 11.4 Bcf/d at the beginning of 2024 to 28.7 Bcf/d in 2029, if projects currently under construction begin operations as planned."

Energy Markets


WTI Crude Oil: ↓ $57.08
Natural Gas: ↑ $3.20
Gasoline: ↓ $3.04

Diesel: ↓ $3.62
Heating Oil: ↑ $218.04
Brent Crude Oil: ↓ $60.86
** US Rig Count ([link removed])
: ↑ 574



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