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DAILY ENERGY NEWS | 02/05/2021
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** Great time to make energy more expensive!
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Bloomberg ([link removed]) (2/4/21) reports: "When the pandemic hit in March, as millions lost jobs and struggled to pay their bills, 34 states ordered mandatory moratoriums on utility shutoffs — measures that were all more critical as families were asked to stay home. The lockdowns translated into higher utility bills: One economist estimated that residential electricity use spiked 10% on average between April and July 2020, leading to households spending nearly $6 billion on extra usage. Another home energy monitoring company reported that April demand increased 22% from 2019. Yet despite the need never dissipating, most states eventually lifted their utility shutoff moratoriums; by the end of October, just 16 states and Washington, D.C., had active moratoriums in place, covering 40 percent of the
U.S. population, according to the National Energy Assistance Directors’ Association. Other states regularly halt utility shutoffs in winter, or when the temperature reaches a particularly cold level. NEADA estimates that 13 states are now relying primarily on these annual seasonal respites. Even in households that still have their heat on and water running, millions of customers are racking up significant debts as unpaid bills mount. And advocates worry that shutoffs, like evictions, are just being kicked down the road."


** "President Joe Biden has a plan to make OPEC great again by raising the price of oil and thwarting competition from U.S. and Canadian oil producers."
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– Phil Flynn, Fox Business ([link removed])

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"Of course, we'll disarm! But...you first." -Joe's best friend, Chairman Xi.

** South China Morning Post ([link removed])
(2/4/2021) reports: "Even for Christine Shearer, a veteran researcher on China’s energy development, the data was surprising. Last year, when China pledged to be carbon neutral by 2060, the country built the equivalent of one large coal-fired power plant per week, adding more than three times as much new coal power capacity as all other countries in the world combined. In addition, over 73 gigawatts of new coal power projects was proposed in 2020, five times as much as the rest of the world combined. The assessment is part of a report released on Wednesday by Global Energy Monitor (GEM), a San Francisco-based non-profit on clean energy development, and the Centre for Research on Energy and Clean Air (Crea) in Helsinki."

The costs of Biden's ban are immense and the national media is doing the country a major disservice by hiding it.

** ([link removed])

Wait till they learn about the cobalt, Copper, lithium and rare earth shortage China has planned.

** Wall Street Journal ([link removed])
(2/4/21) reports: "A global semiconductor shortage is expected to slash Ford F 1.52% Motor Co.’s vehicle output by up to 20% in the first quarter of this year, illustrating how deeply the fallout from the computer-chip crunch has hit the car business. Ford said Thursday it plans to cut production of its F-150 pickup truck—the nation’s top-selling vehicle and the company’s biggest moneymaker—because of the shortage, a day after confirming a hit to output of several sport-utility vehicles. Losses of vehicle production globally in the first and second quarters could trim $1 billion to $2.5 billion from its pretax bottom line this year, executives warned while discussing fourth-quarter earnings.nThese latest actions mark a significant escalation in the chip-shortage problem that has disrupted the auto sector and other industries in recent weeks. Most major auto makers have been forced to curtail at least some factory output; meanwhile, makers of consumer electronics have had to deal with
limited supplies for their devices. The shortages come as manufacturers work to rebound from shutdowns last spring while demand rises with increased use of technology during the pandemic. On Wednesday, General Motors Co. reported its first hit from the chip shortage with plans to pause production for one week at three North American factories that mostly make compact sport-utility vehicles. The Detroit auto maker has been working to stay ahead of the problem for a few months, asking its suppliers before the holidays to stockpile chips."

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $57.17
Natural Gas: ↑ $3.04
Gasoline: ↑ $2.45

Diesel: ↑ $2.67
Heating Oil: ↑ $173.29
Brent Crude Oil: ↑ $59.69
** US Rig Count ([link removed])
: ↓ 432



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