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DAILY ENERGY NEWS  | 11/07/2025
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MGGA


Politico (10/7/25) reports: "On the same day world leaders arrived at the COP30 summit in Brazil to push for more action on climate change, Greece announced it will start drilling for fossil fuels in the Mediterranean Sea — with U.S. help. Under the deal, America's biggest oil company, ExxonMobil, will explore for natural gas in waters northwest of the picturesque island of Corfu, alongside Greece’s Energean and HELLENiQ ENERGY. It's the first time in more than four decades that Greece has opened its waters for gas exploration — and the administration of U.S. President Donald Trump is claiming it as a victory in its push to derail climate action and boost the global dominance of the U.S. fossil fuel industry...Drilling for natural gas — a fossil fuel that is a major contributor to global warming — is expected to start late next year, or early 2027. Greece’s Minister of Environment and Energy, Stavros Papastavrou, hailed the agreement as a 'historic signing' that ends a 40-year hiatus in exploration."

"The vast deployment of subsidized solar and wind in America’s power sector today imposes hidden costs and undermines investment in reliable power sources." 

 

– Mario Loyola, Heritage Foundation

Imitation is the sincerest form of flattery!


Climate Action Campaign (9/26/25) plagiarizes: "The Trump administration has accelerated the climate crisis and endangered communities’ health, driven up costs and undermined economic growth. The rollbacks tracked below – cuts to extreme weather preparedness, frozen investments, and blocked pollution protections, and more – will have a devastating impact on every American, and particularly the most vulnerable. On April 29, 2025, CAC released the 100 Days, 100 Harms Tracker edition in an attempt to paint a picture of the pain the new administration had already inflicted on the climate, economy, health, and wellbeing of the American people in its first 100 days."

Is Gavin petty enough to force high gas prices on his constituents just to make Trump's national average higher?

If the autos want to keep truckin' then they need to make cars people want to buy.


Wall Street Journal (11/6/25) reports: "Ford Motor executives are in active discussions about scrapping the electric version of its F-150 pickup, according to people familiar with the matter, which would make the money-losing truck America’s first major EV casualty. The Lightning, once described by Ford as a modern Model T for its importance to the company, fell far short of expectations as American truck buyers skipped the electric version of the top-selling truck. Ford has racked up $13 billion in EV losses since 2023. Overall EV sales, already falling short of expectations, are expected to plummet in the absence of government support. And big, electric pickups and SUVs are the most vulnerable...No final decision has yet been made, according to people familiar with the discussions, but such a move by Ford could be the beginning of the end for big EV trucks. Ram truck-maker Stellantis earlier this year called off plans to make an electric version of its full-size pickup. General Motors executives have discussed discontinuing some electric trucks, according to people familiar with the matter. Sales of Tesla’s angular, stainless steel Cybertruck pickup tanked this year. And EV truck-maker Rivian has been cutting jobs to conserve cash."

Energy Markets

 
WTI Crude Oil: ↑ $59.96
Natural Gas: ↓ $4.49
Gasoline: ↓ $3.08
Diesel: ↓ $3.71
Heating Oil: ↑ $254.39
Brent Crude Oil: ↑ $63.87
US Rig Count: ↓ 556

 
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