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DAILY ENERGY NEWS  | 12/08/2025
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Unfortunately, New Jersey, you get what you pay for.


RealClear Energy (12/5/25) opinion: "New Jersey Governor-elect Mikie Sherrill says she will prioritize energy affordability when she enters office in January. But her support of the 2019 Energy Master Plan is likely to derail this goal and exacerbate the Garden State’s electricity crisis. To help lower New Jersey’s energy costs and deliver affordability, Governor-elect Sherrill must roll back Governor Phil Murphy’s net-zero policies. A policy of energy abundance - not net-zero - that encourages a competitive marketplace for all energy sources is the best way to deliver reliable and affordable energy. Climate policies that force a 100% transition to renewables have made states like New Jersey worse off with higher prices. If Governor-elect Mikie Sherrill wants to deliver on affordability, she should turn the page and embrace energy abundance policies."

"L.A.’s coal divestment is not just about discontinuing the use of coal to power our city — it’s about building a clean energy economy that benefits every Angeleno. This milestone will further accelerate our transition to 100% clean energy by 2035." 

 

– Mayor Karen Bass, Los Angeles

Ask, and you shall receive...maybe.


Bloomberg (12/5/25) reports: "Six European Union leaders including Italy’s Giorgia Meloni asked the European Commission to propose softening the bloc’s vehicle emission rules to halt a de-facto ban on combustion engines planned by the middle of the next decade. Prime ministers including Meloni and Poland’s Donald Tusk demanded that an upcoming revision of EU rules for new cars allow plug-in hybrids, range extenders and fuel-cell technology even after 2035, according to a letter to commission President Ursula von der Leyen seen by Bloomberg News on Friday. Italy and Germany have been fighting to soften the bloc’s looming ban on sales of new combustion-engine vehicles, seeking to shield their automotive industries from Chinese competition, weaker-than-expected electric vehicle demand and US trade tariffs."

It's hard to admit you were wrong.


Fox News (12/5/25) reports: "As top climate activists like Bill Gates shift their focus away from environmental activism, 'Squad' Rep. Alexandria Ocasio-Cortez, D-N.Y., is keeping silent on whether she still stands by her ten-year deadline for action laid out in the Green New Deal. Back when Ocasio-Cortez first introduced the Green New Deal in the House of Representatives in 2019, she framed climate change as an existential threat that required a ten-year intensity of sweeping changes in U.S. energy policy. The Green New Deal was introduced as a 10-year national mobilization plan to combat climate change and create jobs. In interviews explaining the proposal, Ocasio-Cortez cited a UN Intergovernmental Panel on Climate Change, which predicted the planet will reach the crucial threshold of 2.7 degrees Fahrenheit above pre-industrial levels by as early as 2030. This, she said, precipitated the risk of extreme drought, wildfires, floods and food shortages for hundreds of millions of people."

The wind seems to be blowing Germany in a different direction.


OilPrice.com (12/5/25) reports: "Germany moved to reduce the capacity it will auction in its offshore wind tender in 2026, following the flop in the latest auction without a single bid made. The German Parliament approved legislation narrowing the capacity in the 2026 tender to just 2.5 gigawatts (GW) to 5 GW, compared with an earlier plan of auctioning off 6 GW of offshore wind capacity and with as much as 10 GW offered in the auction in August. The August offshore wind auction without government subsidies failed to attract a single bid, alarming the local offshore wind sector, which is calling for a fundamental redesign of Germany’s renewable energy auctions. 'Offshore wind is facing a difficult market environment, both internationally and in Germany,' the Economy Ministry said in a statement carried by Bloomberg. Surging costs and tight supply chains deter offshore wind expansion, the ministry noted."

Energy Markets

 
WTI Crude Oil: ↓ $59.54
Natural Gas: ↓ $5.08
Gasoline: ↓ $2.95
Diesel: ↓ $3.68
Heating Oil: ↓ $233.45
Brent Crude Oil: ↓ $63.20
US Rig Count: ↑ 587

 
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