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DAILY ENERGY NEWS | 01/28/2022
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** Always remember, this is their plan.
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Wall Street Journal ([link removed]) (1/27/22) reports: "A wild spike in expiring natural-gas futures contracts on Thursday afternoon was the latest bout of extraordinary volatility that has whipsawed financial markets to start the year. Natural-gas futures for February delivery settled 46% higher, at $6.256 per million British thermal units, the largest one-day gain on record. More heavily traded futures for March delivery ended the day up 8.1% at $4.363. Futures for more distant deliveries moved similarly to March contracts in a rise that isn’t unusual for this time of year, when traders wager on the severity of winter weather and the demand it will create for the heating and electricity-generation fuel. Forecasts monitored by traders on Thursday were revised lower for early February, signaling greater demand beyond the storm that is expected to freeze much of the country this
weekend. Prices remain much higher in Europe because of low supplies and concerns that Russian exports could be shut off if tensions escalate along the border with Ukraine, through which the European Union receives about 40% of its gas."


** Don't say you weren't warned, America.
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** "[Hydraulic fracking] bans don’t work. Proponents of this misguided policy hope constraining the supply of natural gas will translate into lowered demand. But that’s not how supply and demand work, actually. Fracking bans only take us backward to a time when we imported the majority of our gas and oil from foreign countries."
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– Gene Yaw, Pennsylvania State Senator ([link removed])

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Is the administration really sending its best? Plus, GM has some catching up to do on the latest episode of The Unregulated Podcast. Now streaming ** on our website ([link removed])
, or wherever you stream.

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Do you think nuclear regulators who hate nuclear is a problem?

** Power Magazine ([link removed])
(1/25/22) reports: "The former heads of nuclear power regulation in the U.S., Germany, and France, along with the former secretary to the UK’s government radiation protection committee, have issued a joint statement that in part says, 'Nuclear is just not part of any feasible strategy that could counter climate change.' The statement issued Jan. 25 notes the importance of global action to combat climate issues, but the four leaders say nuclear power is too costly, and too risky an investment, to be a viable strategy against climate change. 'As key experts who have worked on the front-line of the nuclear issue, we’ve all involved at the highest governmental nuclear regulatory and radiation protection levels in the US, Germany, France and UK. In this context, we consider it our collective responsibility to comment on the main issue: Whether nuclear could play a significant role as a strategy against climate change. The central message, repeated again and again, that a new generation of
nuclear will be clean, safe, smart and cheap, is fiction. The reality is nuclear is neither clean, safe or smart; but a very complex technology with the potential to cause significant harm. Nuclear isn’t cheap, but extremely costly. Perhaps most importantly nuclear is just not part of any feasible strategy that could counter climate change. To make a relevant contribution to global power generation, up to more than ten thousand new reactors would be required, depending on reactor design.'"

Shortages? Check! high prices? Check! Economic turmoil? Check! Greens show they can do to food what they've done to energy.

** Al Jazeera ([link removed])
(1/26/22) reports: "Sri Lanka has announced compensation for more than a million rice farmers whose crops failed under a botched scheme to establish the world’s first 100-percent organic farming nation. The island country is currently reeling from a severe economic crisis that has triggered food shortages and rolling blackouts as the COVID pandemic sent the tourism-dependent economy into a tailspin. Agricultural chemicals such as fertilizer were among the imports banned last year as authorities tried to save dwindling foreign currency reserves. The restrictions were lifted months later after farmer protests and crop failures. The government will pay 40,000 million rupees ($200m) to farmers whose harvests were affected by the chemical fertilizer ban, agriculture minister Mahindananda Aluthgamage said on Tuesday...Rajapaksa told a United Nations food summit last year that the policy was aimed at ensuring 'greater food security and nutrition' and encouraged other nations to follow Sri Lanka’s
example. Instead, the lack of imported farm chemicals compounded the island’s economic crisis, with food shortages forcing shops to ration sugar, lentils and other essentials. The country is short of fuel for the transport sector and power utilities unable to pay for oil have rationed electricity. Cooking gas is also in short supply, forcing households to use firewood to prepare meals."

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
Annette Thompson Meeks, Freedom Foundation of Minnesota
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: ↑ $87.08
Natural Gas: ↑ $4.80
Gasoline: ↑ $3.35

Diesel: ↑ $3.70
Heating Oil: ↑ $280.57
Brent Crude Oil: ↑ $90.37
** US Rig Count ([link removed])
: ↑ 711



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