Your Daily Energy News
View this email in your browser ([link removed])
DAILY ENERGY NEWS | 10/22/2021
Subscribe Now ([link removed])
** It’s easy, actually. Stop demonizing oil producers, stop pandering to the green new dealers, stop shutting down pipelines, stop shutting down leasing on federal lands, stop meddling in energy markets. Just stop.
------------------------------------------------------------
[link removed]
** California is the model, right?
------------------------------------------------------------
ABC News ([link removed]) (10/20/21) reports: " The AAA website says it all: 'Sorry Folks, but the cost of gasoline is still going up.' That is painfully true in California, where AAA said the state average for a gallon of gasoline is $4.52. It’s much higher in the rural town of Gorda, where the cost of a gallon is a mind-numbing $7.59 a gallon, KFSN reported. That’s for regular. Premium gas tops off at $8.50 per gallon, the television station reported. And you cannot go across town to shop for a cheaper price. The gas station in Gorda is the only one in town. A sign at the station informs customers that the nearest gasoline station is 12 miles to the south and 40 miles to the north, according to KFSN. Gorda is located along the Big Sur coast about 40 minutes north of San Simeon, the television station reported. 'Compared to the price of gas a year ago, it now costs consumers about $17 more to fill up
their vehicles,' AAA spokesperson Andrew Gross said in a news release. 'That’s the cost of a large pizza with toppings. And unfortunately, it doesn’t look like drivers will be finding relief at the pump any time soon.'"
[link removed]
** The headline of this article is: "Study compares electric vehicle charge costs vs. gas — and results were surprising." Really? To who?
------------------------------------------------------------
Detroit Free Press ([link removed]) (10/22/21) reports: "Last year, Patrick Anderson went electric: He got a Porsche Taycan EV in dark blue. Anderson, who is CEO of East Lansing-based economic consulting firm Anderson Economic Group, loves the zippy acceleration and 'exciting' features the car offers. He also gets satisfaction in knowing that driving an EV benefits the environment, he said. But Anderson's joy comes with a dark side. 'They are a wonderful driving experience. But at the same time, they're an enormous burden in time and in energy in finding chargers and getting them charged,' Anderson said. 'And you’re not really saving much in terms of charging costs ... you may be paying more.' Costs to drive an EV compared with a gasoline car are detailed in a report Anderson Economic released Thursday called 'Comparison: Real World Cost of Fueling EVs and ICE Vehicles.
([link removed]) ' The study has four major findings:
* There are four additional costs to powering EVs beyond electricity: cost of a home charger, commercial charging, the EV tax and 'deadhead' miles.
* For now, EVs cost more to power than gasoline costs to fuel an internal combustion car that gets reasonable gas mileage.
* Charging costs vary more widely than gasoline prices.
* There are significant time costs to finding reliable public chargers — even then a charger could take 30 minutes to go from 20% to an 80% charge."
** "If one were taking bets on the outcome of the race to zero carbon, odds are that consumer patience with soaring costs—in tandem with decreasing reliability—will be exhausted long before we have the opportunity to deplete the supply of critical energy minerals. Here, too, California is leading the way."
------------------------------------------------------------
– Mark P. Mills, The Manhattan Institute ([link removed])
============================================================
Tune in for some words of wisdom on the latest episode of The Unregulated Podcast. ** Now streaming. ([link removed])
** ([link removed])
The show is available on all your favorite platforms including ** Sound Cloud ([link removed])
, ** Apple Podcasts ([link removed])
, ** Spotify ([link removed])
, ** Stitcher ([link removed])
, ** Podbay ([link removed])
, ** Blubrry ([link removed])
, and ** TuneIn ([link removed])
.
Putin will, however, send a box of pearls.
** The Hill ([link removed])
(10/21/21) reports: "The Kremlin announced on Wednesday that Russian President Vladimir Putin would not be attending the 2021 United Nations Climate Change Conference (COP26) in Glasgow in person and would instead be taking part virtually. Dmitry Peskov, spokesperson for Putin, said, 'He will also not fly to Glasgow, unfortunately,' according to Reuters. Peskov did not explain why the Russian president would not be flying to the conference. 'We need to work out in what format it will be possible (for Putin) to speak via video conference, at what moment,' Peskov added. 'The issues that will be discussed in Glasgow right now form one of the priorities of our foreign policy.' Reuters noted that Putin's absence would deal a blow to the climate conference as he leads the world's fourth largest emitter of greenhouse gases. The attendance of leaders from other top carbon emitters, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, is also uncertain."
On the other hand, it’s none of our business if Chinese solar panels are made with forced labor.
** ([link removed])
Disturbing pattern, here:
Killing a pipeline for Inauguration Day flourish.
Brain-dead exit from Afghanistan for 9/11 anniversary speech.
Pretend that you brokered some amazing deal to keep the ports operating in LA 24/7 to ease the supply chain bottle neck.
What do they going to do for Glasgow?
** Wall Street Journal ([link removed])
(10/22/21) reports: "The White House, its climate agenda mired in congressional wrangling, is hoping to show world leaders at the Glasgow climate summit that the U.S. can still meet President Biden’s pledge to dramatically reduce emissions despite recent legislative setbacks. The Biden administration plan includes a series of executive actions it says will make significant progress toward meeting the president’s pledge to cut U.S. greenhouse gas emissions 50% to 52% below 2005 levels by 2030. These include tougher methane rules for oil and gas production that are expected to be announced ahead of the summit, followed by more stringent emissions limits on vehicles later this year. U.S. greenhouse emissions have already fallen roughly 20% from 2005 levels, according to analysts. But emissions are expected to tick up as the global economy reopens after the height of the coronavirus pandemic. The goal for White House officials is to convince world leaders that the U.S. is making concrete
progress on further reductions. During a CNN town hall on Thursday night, Mr. Biden called climate change an 'existential threat to humanity.'"
Energy Markets
WTI Crude Oil: ↑ $83.38
Natural Gas: ↑ $5.34
Gasoline: ↑ $3.37
Diesel: ↑ $3.58
Heating Oil: ↓ $255.88
Brent Crude Oil: ↑ $85.39
** US Rig Count ([link removed])
: ↑ 639
** Donate ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to AEA's Unregulated Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Subscribe to IER's Plugged In Podcast ([link removed])
** Friend on Facebook ([link removed])
** Friend on Facebook ([link removed])
** Follow on Twitter ([link removed])
** Follow on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 900 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
