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DAILY ENERGY NEWS | 11/21/2025
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** This land was made to drill, baby, drill.
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ABC News ([link removed]) (11/20/25) reports: "The Trump administration announced on Thursday new oil drilling off the California and Florida coasts for the first time in decades, advancing a project that critics say could harm coastal communities and ecosystems, as President Donald Trump seeks to expand U.S. oil production. The oil industry has been seeking access to new offshore areas, including Southern California and off the coast of Florida, as a way to boost U.S. energy security and jobs. The federal government has not allowed drilling in federal waters in the eastern Gulf of Mexico, which includes offshore Florida and part of offshore Alabama, since 1995, because of concerns about oil spills. California has some offshore oil rigs, but there has been no new leasing in federal waters since the mid-1980s. Since taking office for a second time in January, Trump has systematically reversed former
President Joe Biden’s focus on slowing climate change to pursue what the Republican calls U.S. 'energy dominance' in the global market."
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** "Modern societies claim to revere science, but too often turn scientific disputes into moral battles in which heretics must be shamed or silenced. Lomborg’s experience shows what happens when a researcher challenges a powerful narrative with inconvenient numbers. The attempt to punish him did not change the data. It only delayed a necessary conversation about trade-offs, priorities and the best use of scarce resources."
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– Dr. Marian L. Tupy, Cato Institute ([link removed])
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A Department of Energy focused on securing American energy. How novel.
** E&E News ([link removed])
(11/20/25) reports: "The Department of Energy unveiled a reorganization Thursday that rebrands key offices and relocates a 1970s renewable and efficiency office, the latest move by the Trump administration to boost fossil fuels, minerals and nuclear power. The plan posted on DOE’s website no longer shows the Office of Energy Efficiency and Renewable Energy, the Office of Clean Energy Demonstrations, the Office of State and Community Energy Programs, the Office of Federal Energy Management Program and the grid deployment office. It was not immediately clear whether the work of those offices is changing or is being rebranded. Energy Secretary Chris Wright hailed the changes as aligning DOE 'to restore commonsense to energy policy, lower costs for American families and businesses, and ensure the responsible stewardship of taxpayer dollars.'"
Even as the COP crowd slides into irrelevancy they can't hide their authoritarian impulses.
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American economic dominance is underpinned by affordable, reliable energy.
** ING ([link removed])
(11/17/25) reports: "The US is the largest natural gas consumer, using around 90 billion cubic feet per day, which is equivalent to more than 20% of global gas demand. US natural gas demand has grown at almost 5% per year over the last decade. This growth has coincided with the shale revolution, which has led to significant growth in US natural gas supply, offering consumers a cheap source of energy. This has come at a time when the theme of decarbonisation has only grown, which has seen coal’s share in the power mix fall, after peaking in 2007. It’s unsurprising that the power sector has driven the bulk of natural gas demand over the years, and there is further room for growth from the sector as power demand is set to grow due to the build-up of data centres in the US, along with potentially stronger demand from industry with the onshoring of production in the US due to the Trump administration’s trade policy...US gas demand could grow as much as 20bcf/d by 2030, which is equivalent to
19% of US dry gas production. However, it is important to point out that this includes and is predominantly driven by growth in feedgas to LNG plants. This number could turn out lower in reality if LNG plants do not operate at close to full capacity. This is not unrealistic when you consider that the global LNG market is set to be in large surplus over the latter part of this decade."
Energy Markets
WTI Crude Oil: ↓ $57.66
Natural Gas: ↑ $4.53
Gasoline: ↓ $3.09
Diesel: ↓ $3.79
Heating Oil: ↓ $245.65
Brent Crude Oil: ↓ $62.15
** US Rig Count ([link removed])
: ↓ 580
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