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DAILY ENERGY NEWS | 02/10/2022
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** This is one heck of an oops…
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New Jersey Monitor ([link removed]) (2/3/22) reports: "Opponents of electrification benchmarks in Gov. Phil Murphy’s plan to cut greenhouse gas emissions redoubled their criticism this week after the state revealed it understated the cost difference between electric and gas boilers. The Department of Environmental Protection, which is mulling new regulations for boiler permits, said in a rule proposal unveiled in December that electric boilers would cost between 4.2% and 4.9% more to operate than their gas counterparts. But a correction issued by the agency Tuesday said running electric boilers would cost between 4.2 and 4.9 times more than their fossil fuel equivalents. To Eric DeGesero, executive vice president of the Fuel Merchants Association of New Jersey, the correction was another sign Murphy is ignoring the costs of a transition away from fossil fuel heating. 'He’s shone those bright
lights on everything, but he’s never once — whether it’s the $20,000 to convert my house or the astronomical cost that landlords and tenants and commercial building owners are going to have to bear — he’s never once highlighted the electrification of the building sector,' DeGesero said. 'It’s like the dirty little secret he doesn’t want to tell anyone about.'"
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** "It has become an article of faith among climate activists that it is not enough for ethical investors to voluntarily divest themselves from hydrocarbon holdings. Governments and central banks must intervene in capital markets to eventually drive such companies out of business. This strategy is not new—previous generations of activists sought to restrict capital to firms that produce military hardware, nuclear power, cigarettes, firearms, and other politically disfavored products. But never before has government policy so forcefully been part of the plan."
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– Richard Morrison, Competetive Enterprise Institute ([link removed])

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The shifting sands of "The Science" and what it means for the midterms on the latest episode of The Unregulated Podcast. ** Now streaming on our website ([link removed])
, or wherever you listen to podcasts.

** ([link removed])

"My agenda is great, except for when I'm up for reelection."

** The Hill ([link removed])
(2/9/22) reports: "Democratic Sens. Mark Kelly (Ariz.) and Maggie Hassan (N.H.) are calling for the federal tax on gasoline to be suspended until next year amid rising prices. Hassan and Kelly, both of whom are facing reelection in swing states in November, introduced legislation on Wednesday that would wipe out the approximately 18-cents-per-gallon tax on the fuel until the start of 2023. The proposal was co-sponsored by Sens. Raphael Warnock (D-Ga.) and Catherine Cortez Masto (D-Nev.), who also face tough reelection fights this year, as well as Sens. Debbie Stabenow (D-Mich.) and Jacky Rosen (D-Nev.). It reflects the pain that many Americans are feeling at the pump, and the fact that Democrats see this as a pivotal issue in this year’s midterm elections. 'This bill will lower gas prices by suspending the federal gas tax through the end of the year to help Arizona families struggling with high costs for everything from gas to groceries,' Kelly said in a statement. "

For Big Green, Inc. it's never about stopping any one single project, it is about stopping anything that makes modern life possible.

** ([link removed])

Kryptonite for the climate change de-industrialization complex.

** Wall Street Journal ([link removed])
(2/9/22) reports: "A device based at a U.K. facility in Oxfordshire has produced the highest sustained nuclear-fusion energy ever recorded, European researchers said Wednesday. The results of the December 2021 experiment, which generated 59 megajoules of fusion energy for five seconds, “demonstrates we are on the correct path” with regards to nuclear fusion, said Rafael Juárez Mañas, an engineering professor at the National Distance Education University in Madrid who wasn’t involved in the research. That said, the researchers weren’t able to overcome a major obstacle: generating more energy than they had to put into the experiment. 'If we can maintain fusion for five seconds, we can do it for five minutes and then five hours as we scale up our operations in future machines,' Dr. Donné said in a statement. Currently, nuclear power—responsible for about 10% of the world’s electricity—is generated by fission, the process of splitting atoms like uranium. But fission creates radioactive waste
that can last thousands of years. Fusion doesn’t produce such waste, or greenhouse gases like carbon dioxide generated by fossil-fuel burning. Many of the hydrogen atoms involved in the process, too, are nearly limitless in supply."

Energy Markets


WTI Crude Oil: ↑ $91.19
Natural Gas: ↓ $3.93
Gasoline: ↑ $3.47

Diesel: ↑ $3.86
Heating Oil: ↑↓ $160.43
Brent Crude Oil: ↑ $92.78
** US Rig Count ([link removed])
: ↑ 721



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