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DAILY ENERGY NEWS  | 12/03/2025
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Energy pays dividends. 


TribLive (12/2/25) op-ed: "Artificial intelligence and data centers are the hottest investment topics at the moment, reminiscent of the Amazon headquarters sweepstakes of the past. This time, increased energy demand, combined with flexibility in location, means that almost any part of the country where the energy supply is abundant is a potential data center hub. Pennsylvania’s vast natural-gas reserves make it a viable candidate, with proposed projects like the Homer City redevelopment already underway."

"Energy production should be a kitchen-table issue, but with a longer lead time than the current election cycle. We should be able to pay less to get more. The Trump administration is doing more in that regard than any administration in history. Opening Alaska, easing leasing restrictions on federal land, and cutting subsidies for EVs and renewables are nice. In the meantime, states and the federal government must step up."

 

– William Murray, Former Chief Speechwriter for the EPA

Don't be like Europe.


Wall Street Journal (12/2/25) reports: "European politicians pitched the continent’s green transition to voters as a win-win: Citizens would benefit from green jobs and cheap, abundant solar and wind energy alongside a sharp reduction in carbon emissions. Nearly two decades on, the promise has largely proved costly for consumers and damaging for the economy... Germany now has the highest domestic electricity prices in the developed world, while the U.K. has the highest industrial electricity rates, according to a basket of 28 major economies analyzed by the International Energy Agency. Italy isn’t far behind. Average electricity prices for heavy industries in the European Union remain roughly twice those in the U.S. and 50% above China. Energy prices have also grown more volatile as the share of renewables increased. It is crippling industry and hobbling Europe’s ability to attract key economic drivers like artificial intelligence, which requires cheap and abundant electricity. The shift is also adding to a cost-of-living shock for consumers that is fueling support for antiestablishment parties, which portray the green transition as an elite project that harms workers, most consumers and regions."

New York, the place where dreams used to be made.


New York Post (12/1/25) reports: "The Empire State’s green energy push has been a pie-in-the-sky bust as politicians hit the brakes on their alternate energy goals — and New Yorkers get sticker shock from ever-soaring utility bills, a scathing new report found. The analysis by the Democratic-leaning think tank the Progressive Policy Institute found a 'clear and undeniable pattern of failure' across the most critical mandates of the 2019 Climate Leadership and Community Act. Replacing natural gas with less predictable options like solar and wind has been a struggle — and the grid has grown less reliable as demand for energy surges and the state’s aging utility infrastructure is increasingly taxed. Hochul, who is up for re-election next year, has put some of the mandates on the backburner — leaving her open to charges from the environmental left who support green energy and the political right of flip-flopping."

Good question.

Energy Markets

 
WTI Crude Oil: ↑ $59.25
Natural Gas: ↑ $4.96
Gasoline: ↑ $3.00
Diesel: ↓ $3.73
Heating Oil: ↓ $229.80
Brent Crude Oil: ↑ $63.01
US Rig Count: ↑ 572

 

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